Chiyangwa Launches Multibillion Dollar Housing Project in Harare

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Businessman Phillip Chiyangwa has launched a multi-billion dollar housing project in Harare, which aims to provide 250,000 residential stands. The ambitious project is set to benefit government workers and offers a flexible mortgage plan ranging from 10 to 15 years.

The project, spearheaded by Nyore Nyore Housing, is part of Chiyangwa’s vision to address the housing shortage in Zimbabwe and improve the living conditions of many citizens. The initiative aligns with the government’s efforts to provide affordable housing and achieve upper middle-class status by 2030.

Speaking at the launch of Tantallon Estates in Manyame yesterday, Chiyangwa emphasized the importance of providing affordable housing options for Zimbabweans. He asserted that 20,000 stands have been reserved for civil servants, including soldiers, nurses, police officers, teachers, doctors, and more.

“The government has already secured 20,000 stands for civil servants, so everyone is going to benefit from this beautiful project. We are rolling out the program across the country. In Mashonaland East, we have 250,000 units, and then we move over to Mashonaland West, which has 500,000 units.

“To those who pay rent, I advise you that there is no use in paying rent when the property does not belong to you. We are offering you the opportunity to leave that and come here. We will construct everything, including industry and shopping malls. Everybody has to get serviced stands with sewer and clean water. As you can see, the tarred roads are almost complete,” said Chiyangwa.

The Nyore Nyore housing project has garnered support from various stakeholders, including financial institutions and property developers. The flexible mortgage plan is designed to make homeownership more accessible to a broader segment of the population, particularly government workers who often face challenges in securing affordable housing.

NMB Bank Chief Executive Officer (CEO) Gerald Gore, who also toured the serviced residential stands, expressed his admiration for the quality of the infrastructure. “We were impressed by what we witnessed. If you look at the quality of the infrastructure, just the roads that we saw, these are roads that can compete anywhere else in town. You can see there was no expense spared,” he said.

The launch of the Nyore Nyore Housing project in Manyame, which is about 30 kilometers from the Harare Central Business District (CBD), has been met with enthusiasm from the public, with many expressing hope that it will alleviate the housing crisis and provide much-needed relief to those struggling to find affordable homes.

As the project progresses, Chiyangwa said they remain committed to ensuring its success and delivering on their promise to provide quality housing for all Zimbabweans.