Property development group Calgro M3 Holdings is currently working on a R1-billion to R1.4-billion integrated housing project, in Belhar, Cape Town, along with black empowered company Belhar CBD.
The project comprises the construction of 3 600 residential units, Calgro M3 executive director Derek Steyn tells Engineering News.
“We were appointed as project managers to oversee the entire project, which consists of a residential component, an industrial component, as well as a retail component. We are responsible for the delivery of the residential portion, while Belhar CBD will focus on the retail and industrial developments,” he says.
Of the residential units, no fewer than 900 will be social housing units and about 1 000 units will serve as student accom- modation units, owing to the close proximity to the University of the Western Cape and the Cape Peninsula University of Technology.
The remainder of the units will be gap housing (aimed at households earning between R3 500 and R10 000 a month) and multistorey affordable-housing, bonded market units.
Social housing institutions, which will take up social housing units from the company, will also become involved in the project, which will entail the construction of civil and electrical infrastructure, followed by the construction of the multistorey residential units.
Energy efficient measures, such as gas for water heating and cooking and heat pumps, will also be implemented in the units, says Steyn.
The town planning and environmental-impact assessment (EIA) for Phase 1 of the project, which consists of 616 units, have recently been completed and construction is expected to start in May.
Phase 2 will comprise the construction of a further 3 000 units. The EIA and town planning processes for this phase started in December 2011 and construction is expected to start in 12 to 18 months.
Possible challenges linked to the project will be market acceptance of the proposed project, the marketing and sales of the gap units, the availability of end-user finance and the involvement of the local community in the process, says Steyn.
“However, these challenges can be overcome through implementing what we have learnt through current and previous projects,” he adds.
Further, the company is also involved in a 2 247-unit integrated housing project in Scottsdene. The units include 550 fully subsidised Reconstruction and Development Programme houses, 340 subsidised rental units owned by the City of Cape Town, 1 147 gap and social housing units and 210 free-standing affordable housing units.