Stands prices up

Thursday, 29 December 2011 00:00

Municipal Reporter
PROSPECTIVE home seekers in Chitungwiza will from now pay up to US$3 000 for a 200 square metre high density residential stand up from US$200. The funds would be used to fund council capital projects. US$107,5 million was set aside to fund the servicing of the Nyatsime housing scheme. The current budget had no provision for capital projects. Chitungwiza had the cheapest residential stands in the country. People with cash were buying the stands and reselling them for up to US$4 500.
Council land was priced cheaply to enable people to build. The price was also premised on the understanding that once one bought a property they would pay rates to council.
But the 2012 council budget presented by finance committee chairman Clr Adam Puzo made changes to the council's land sells.
A resolution was made immediately after the budget was presented that land should be sold for US$15 per square metre. However, Clr Jacob Rukweza was not happy with the new land prices, arguing that civil servants would not be able to buy the land.
He said the people who had been consulted during the budget consultation process were "the wrong residents" as he felt vendors and teachers were not approached.

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