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CFI Holdings begins verification

Business
CFI Holdings has begun the verification process at Saturday Retreat after completing the registration of 9 000 housing stands last month, group spokesperson Panganayi Hare has said.

CFI Holdings has begun the verification process at Saturday Retreat after completing the registration of 9 000 housing stands last month, group spokesperson Panganayi Hare has said.

BY VICTORIA MTOMBA

CFI reclaimed the land after a January High Court annulling the compulsory acquisition of the 656 hectares of land in 2013.

“We have surveyors on the ground that are doing field verification. They are checking whether the pegging and the layout were done. The process will take a week and we are working with the department of physical planning,” Hare said.

He said the group had been failing to secure laid out plans from the residents who illegally occupied Saturday Retreat. Hare said after the verification process, the group would start the process of pegging stands and it should take between three to four months.

“We have done all the applications. We have gone to Environmental Management Authority. We are also working on the drawings for approval by the city council and we will follow all due processes to meet the standards required by the government for roads, sewer and electricity,” Hare said.

He, however, could not give the cost that the company would incur in the development of the stands at Saturday Retreat.

He said the process would enable the house owners to get title deeds and help the company to put numbers on the stands as the numbering was haphazard at the moment.

“We are happy with the way residents have responded in terms of registration and they are also making their payments,” he said.

The house owners at Saturday Retreat Estate are currently paying $60 per month to CFI Holdings although the amounts vary according to the size of the stand.