Published: 14 May 2014

Listed property developer, Zimbabwe Property Investments Limited is waiting for regulatory approval from the Ministry of Local Government, Public Works and National Housing to start developing a residential property project in Ruwa.

ZPI is going to invest about $5 million for the construction of the residential facility as part of the company's long term plans to boost revenue.

In an interview with Herald Business yesterday, ZPI Finance manager Nyasha Zhou said the company was looking at investing in low cost housing projects to boost revenue.

He said plans to do the project were still in the preliminary stages and construction is scheduled to begin in August this year.

Zhou said the movement in terms of sales from 2012 to 2013 enabled the company to earmark $5 million towards the Ruwa project.

Capital for the construction of the facility would be raised mostly from rentals and selling of finished properties.
- The Herald

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