Gweru — CBZ Bank has embarked on a low-cost housing project in Nehosho-Senga suburb where partially constructed houses are now up for sale.
by Stephen Chadenga
CBZ regional manager (retail banking division) Abisha Gweshe said Gweru residents should be part of the housing scheme as it was a future investment that would financially benefit them in the long run.
“The project, which has two to four-roomed units, is quite affordable as we offer flexible mortgage payments,” Gweshe said at a Midlands business conference last week.
“This scheme is quite unique and open to both first-time home seekers as well as those who already own properties and we urge Gweru people to invest in the project.”
CBZ embarked on the housing project in Nehosho suburb with 1 095 undeveloped low-cost residential stands.
To date the stands have been completely serviced with sewer and water reticulation, tarred roads and tower lights while three prototype houses have been constructed at the site.
The selling price for the housing units ranges from $15 000 to $23 000 with a minimum deposit requirement of 25%.Gweshe said the project was being funded mainly from external lines of credit from Shelter Afrique as well as internal sources.
He said CBZ was also selling residential stands in Mtausi Park in the Midlands capital measuring between 1 800 3 600 square metres.