Business Reporter
ACCOMPLISHED banker and Mutapa Investment Fund (MIF) CEO,Dr John Mangudya has commended the US$30 million worth Homelink Estates Housing Project for its positive impact to the economy.
He made the remarks at an occasion to officially launch the project in Zvimba District.
Homelink Private Limited is one of the entities falling under the Mutapa Investment Fund.
“The Project will not only provide housing for 936 members but will also contribute to GDP growth and create 500 jobs during construction.Over and above it net worth,the project will generate approximately US$15 million in economic activity,” he said.
Homelink managing director ,Dr Tawanda Matembo, said Homelink Estates housing project would be developed on a large tract of land covering more than 243 hectares.
The mixed development has a total 972 stands , broken down into 966 residential stands, three stands for schools(one secondary and two primary) two stands for creches, and one stand for a shopping centre.
He said the project would be implemented in phases over a period of two years.
The first phase will focus on servicing 237 medium density plots , each averaging 1 250 square metres , as well as constructing two foundational layers , access roads with a double steel bituminous surface , a storm water drainage system , and a water distribution system.
The project is in sync with the MIF’s broad objectives of scaling up investments and sweating assets under its purview for broader contributions to the country’s GDP.
