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Africa Housing News > Blog > News > Zimbabwe: Property Firm Gets Approval for Massive Housing Projects
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Zimbabwe: Property Firm Gets Approval for Massive Housing Projects

Fesadeb
Last updated: 2021/04/15 at 3:17 PM
Fesadeb Published April 15, 2021
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By Akanimo Sampson

West Properties Zimbabwe has been given the go-ahead by the authorities and the Environmental Management Agency to construct thousands of units housing for the upper and middle-income groups.

The property firm which was established in 2007 is at the forefront of property development companies in Harare, Zimbabwe.

‘’Our business model is the role of master planner, financier and developer of appropriately designed sustainably built residential and commercial properties within the Greater Harare Area’’, the company said on its website.

It is earmarking massive housing projects for Borrowdale and Pomona areas in Harare, Zimbabwe.

Over 150 town houses are earmarked for the first phase, with 21 properties having been walled and servicing completed. The first six units have been constructed.

“Moving on to the next development, Millennium Heights, we are bringing affordable residential apartments, in Zimbabwe which we usually call flats, located in Borrowdale just behind the Dandaro Estate.

‘’This community-style of living is what we call a secured gated community in which people can feel safe to walk around and the facilities are not only modern but beautiful to look at”, the company said.

This all looks onto the Borrowdale Vlei where we are rehabilitating the water features that are no longer existent whilst sustaining and protecting the environment as part of our CSR and as per agreement with the Environmental Management Agency.

“We want to create a park in which residents between Pokugara and Millennium Heights can walk around and enjoy nature watching the birds and water life”, the company adds.

The company is embarking on the biggest project to date which is a very exciting city within a city, called Pomona City, on the northern boundary of Harare Drive. On the west, it has Wing Gate Golf Course and on the east, Borrowdale Road.

 “It is a large area which will incorporate several thousand homes, starting with larger properties of almost one acre down to small stands of 400 sq meters in the later phases.

‘’We will also have some densification with built-up areas including walk-up flats, clusters and apartments”, it said.

Adding the company said “the project will include one of the most affordable methods of purchasing a property in Zimbabwe called the Leasehold Concept. This concept allows a homeowner with a small deposit that has flexible payment terms over several months.

‘’The homeowner can access the land and for the first time in the history of Zimbabwe, pay as little as $200 a month for the duration of the leasehold period.

“This allows the homeowner to free up the capital that would normally be spent on buying the stand to rather use on building their house.

‘’The leasehold title concept is well established in other countries such as UK, South Africa and Dubai”, the company said.

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Fesadeb April 15, 2021 April 15, 2021
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