CoW registers land, housing development company

The City of Windhoek has announced that it has registered a company, Nova Actus Holdings (PTY) LTD, to deal with land and housing development in the capital.

Windhoek Mayor, Job Amupanda said a subsidiary of the new municipality owned company is expected to submit a funding proposal for the development of low-cost housing for consideration to council.

“Within a period of six (6) months, a subsidiary under Nova Actus Holdings (PTY) LTD will submit a funding proposal to Council for consideration inclusive of insurance for low-cost housing,” Amupanda said.

He said council has identified land in Cimbebasia for a Council Rental Housing Concept, where 900 high density housing units will be targeted for development.

“Develop plans and proposals for a Council Rental Housing Concept on a site measuring ± 24 hectares, south of Mataman Street in Cimbebasia with a potential yield of over 900 housing units. The development proposal should capture a paradigm shift on the provision of high-density housing and promote quality living space where the young and old will live side-by-side through an inclusive development approach,” Amupanda said.

This comes as the Mayor also said council was also targeting to “implement large-scale land planning with the target of creating 7000 erven in informal settlements and 3000 informal areas in addition to the 5000 erven to be created through a pre-allocation intervention as put forward in Council Resolution 31/02/2021. The activity should be linked to a budget.”



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Last modified on Monday, 13 September 2021 07:25

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