CBZ unveils $11,4m housing project

CBZ Holdings has unveiled a $11,4 million housing project in Victoria Falls as it steps up efforts to provide low-cost housing.

BY TATIRA ZWINOIRA IN VICTORIA FALLS

The project will result in the provision of 1 174 high and medium density residential stands.

The new project comes after the group completed low cost housing projects in Chikanga (Mutare), Nehosho (Gweru), and Mbizo (Kwekwe). Currently, the group is working on projects in Bulawayo and Marondera.

Speaking at the official unveiling of the project yesterday in Victoria Falls, CBZ Holdings group CEO Never Nyemudzo said to date the group has spent about $70 million in housing development projects.

“The group has developed various projects ranging from low, medium and high density schemes as a private developer and or in conjunction with city councils.”

He said the group was aiming for towns where they do not have any reach as they believe offering medium to high-density residential stands would attract first time home owners.

Of the total stands in the Victoria Falls housing project, 1 008 are high density with the remainder being medium density in line with the group’s strategy to deliver low cost housing. The average size of the stand is 240m2 for high density and 600m2 for medium density.

Currently, the housing backlog in Victoria Falls stands at 15 000.

The nation backlog is estimated to be 1, 25 million as government battles to raise revenue to implement its strategies.

Local Government, Public Works and National Housing minister Saviour Kasukuwere said the housing backlog was a tall order which required combined forces to address.


“In order to reduce the national housing backlog, my ministry introduced a new beneficiary contributory scheme known as the Home Ownership Scheme. The scheme is a strategy and mode of delivery to implement the National Housing Delivery Programme (2014 to 2018) which has a delivery target of 313 368 housing units or serviced stands and is in line with the ZimAsset housing delivery set objectives,” Kasukuwere said in a speech read by his deputy Christopher Chingosho.

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5 Comments

  1. CBZ stands are not cheap……you can pay upto +/- 10000 for a 300sqm stand.
    They should revisit their pricing model, its clearly not a low cost scheme.

  2. Availing stands is a good motive but i am against the idea of pegging stands less than 300 square metre, these just result in cramped clumsy looking locations where the stand owners can not even have space for gardens and orchards, just imagine the pollution levels in a location without trees. I am saying this from experience, the 200 square metre location residents cant even park their cars in the yard and the house fills all the yard leaving a metre for cement pavement only, thats ugly on the other hand the pre independence 300 square metre yards have lots of space for extension, gardening and car park. i urge authorities to enforce a minimum of 300 square metre as a standard for a location stand else soon we will have less than 100 square metre stands as some cooperatives already have 180 square metre stands.

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  3. I agree with wekulocation. The 200sqm stands are just too crammed. We still have plenty of land in Zimbabwe. You can hardly walk on the 1m left on the sides if you have a durawall – which you must have to have some privacy!!

  4. I am willing to get more info about those stand bcoz some of us its been long holding and servicing our waiting list 2001.so if this is a chance I like to get1.bcoz half a loaf is better than nothing.

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