Categories: Stories

Building boom in Bulawayo continues

The building boom in Bulawayo continued with the city council approving plans valued at $87.2 billion in April.

This was more than the total value of plans it approved in the first quarter of the year. The council approved plans valued at $72.8 billion from January to March.

Most of the development was concentrated in the low density suburbs of Burnside, Matsheumhlope, Selborne Park and Suninghill. Approved plans in these suburbs totalled $29.5 billion with town houses to be built in Matsheumhlope valued at $4.9 billion.

Mahatshula, Killarney and Parklands fell in second place with plans valued at $26.4 billion.

Cowdray Park, which hosts Operation Hlalani Kuhle, dominated the building boom in the high density suburbs with plans valued at $5.7 billion being approved.

It is likely to continue to rule the roost as the government and the city council have given beneficiaries deadlines to pay up for their stands.

For the first time in years the approved plans also showed that developers were coming back into commerce and industry. Five industrial plans valued at $1.6 billion and seven commercial plans worth $8 billion were approved together with seven public works plans valued at $7.3 billion.

 

(44 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Are Zimbabweans giving social media more credit than it deserves?

The role of social media on how people get their news in Zimbabwe is being…

May 3, 2024

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024