Categories: Stories

Bulawayo construction booming

Bulawayo is witnessing a building boom with the city council approving plans worth $11.5 billion in September.

Plans approved in the first nine months of this year shot up to $61.7 billion. Last year plans approved by the council totalled $18.6 billion. It approved plans worth $12.4 billion in the first nine months.

And for the first time a private developer has surpassed the billion-dollar mark. The developer is building a new residence in Parklands worth $1.05 billion. The council is expanding Parklands, a low density suburb, under the central bank’s public sector facility and has already sold out the 119 stands on offer.

Most of the building boom is concentrated in three high-density suburbs, Emganwini, Pumula South and Cowdray Park.

The council approved 49 plans worth $1.3 billion in Emganwini, 44 worth $2.1 billion in Pumula South and 47 worth $1.6 billion in Cowdray Park.

Cowdray Park is a hive of activity as it hosts the government’s Operation Hlalani Kuhle housing schemes.

Some 3 000 residents were allocated stands in Cowdray Park under the government scheme at the weekend. Bulawayo has an estimated housing waiting list of 60 000.

 

(42 VIEWS)

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

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024