The Bulawayo City Council (BCC) is seeking independent land developers with development finance to service 578 residential stands in Emganwini suburb.
In a statement, Friday, the Town Clerk Christopher Dube said 460 residential stands are in the remaining extent of Umganin and 118 residential stands are on a portion of the remaining extent 1198 of lot 400A Emganwini.
In January last year, the local authority revealed that it would unveil 2 400 residential stands in Emganwini suburb.
“The City of Bulawayo is inviting competent and reputable property development companies, financial institutions or pension funds with development finance to express interest to undertake the development of either, (a) 460 residential stands in Remaining Extent of Umganin which stands have an average stand size of 300 m2, (b) 118 residential stands on portion of Remaining Extent of 1198 of lot 400A Emganwini which stands have an average stand size of 200m2,” said Dube
“The developer is expected to have development finance which they will use to fully service the stands and would recoup their investment from the proceeds of the sale of the stands. The stands are to be sold once servicing has been completed.”
Dube said the developer will be expected to carry out an Environmental Impact Assessment (EIA) and have it approved by the Environmental Management Agency (EMA) prior to commencement of servicing of the stands.
The scope of work includes water reticulation, sewer reticulation, roads infrastructure and public lighting.
The development will be welcomed by desperate home seekers due to the huge housing backlog which is pegged at over 125 000.
However, some land developers have failed to honour their contractual obligations with prospective homeowners who would have purchased residential stands from them going for years without getting their stands.
Last year, some people who bought stands in Nketa, Emganwini and Magwegwe North petitioned the local authority seeking answers why they are yet to receive their fully serviced stands.
