Tinashe Makichi Property Reporter
Exodus & Company (Pvt) Limited said there has been a steady uptake of stands at its Mabvazuva housing project in Ruwa, with the current number of available residential stands now sitting at 406 from the overall 1 853. One of the leading construction companies in Zimbabwe, Exodus & Company offers a wide spectrum of construction services with special focus on housing development, infrastructure construction, earth moving services, buildings construction and project management.
The firm has capacity to execute complex projects inter alia, housing, transportation infrastructure, water and sewer infrastructure, industrial complexes, healthcare facilities, commercial buildings, education institutions, retail and recreation facilities. Exodus & Company marketing officer Schwarzenedderg Mafarachisi, told The Herald Property Guide that the disposal of stands at Mabvazuva was facing disposable income challenges like any other projects but it was thriving.
“There has been a steady uptake of stands despite the current lack of disposable income on the market. The situation is better than before. As of Saturday last week we were sitting at 406 residential stands but by the end of the day you never know the number could have changed,” said Mr Mafarachisi.
The stands at Mabvazuva are available is size as 400 square metres to 700 square metres. The housing development which commenced in August 2015, is still in progress. The project is being done on 500 hectare piece of land situated in Ruwa, near Harare. Exodus & Company’s role in the project is the construction of 6,3km of tarred road as well as the construction of water reticulation of 4,9km and sewer reticulation of 4,6km. The project, when complete, will create housing for more than 6 000 families.
The property developer also manages Madokero housing project, which is a mixed-use and integrated housing development on 202 hectares of land. The project comprises 1 700 housing units, 500 garden apartments, 30 industrial stands, a regional commercial centre, a medical centre, five schools and many other social amenity provisions.
Exodus was responsible for the construction of a bituminous surfaced road network of 30km, construction of a bridge as well as the reticulation for water and sewer of 40 km in length each. The project, which was commissioned in August 2012 and completed on December 31, 2014.
Another notable project under the Exodus arm is a joint venture with Government. It comprises of the development of 52 low density residential stands in the Bluffhill suburb of Harare. The project involved the construction of a road network of 1 km with water and sewer reticulation systems and was completed in 2012.