Tuesday, 29 March 2016

R6.2 billion new Gauteng housing project - Leratong City - to start

R6.2 billion new Gauteng housing project - Leratong City - to startNew mega development – Leratong City in Mogale City – to commence shortly   A R6.2 billion new Gauteng housing project – the Leratong City integrated nodal development – is set to get under way in Leratong, Mogale City in a joint development by McCormick Property Development, Calgro M3 and Sasuka Logistics Services   Situated across the road from the existing Leratong Hospital, the first phase will consist of 15,000 residential units, an intermodal transport hub, a government precinct as well as a 30,000 m2 regional mall.

The total development extends over 400 ha and construction of the bulk infrastructure is expected to commence by June 2016.   Located on two major regional movement routes that form part of the primary movement network of Gauteng Province, the Leratong City project has been selected as an area for Neighbourhood Development Partnership Grant (NDPG) investment. It forms an integral part of a larger regional node set in the context of a previously disadvantage township area, which has the potential to transform into a high intensity regional node.  

The project will include the following units: 4,200 fully subsidised BNG (Breaking New Ground) units; 8,300 GAP (Grass Roots Affordable housing), FLISP (Finance Linked Individual Subsidy Programme) and Social Housing (subsidised rental) units; and 2,500 freehold housing units aimed at the affordable housing market.   Units will be available for families qualifying for fully subsidised units to families earning over R15, 000 a month, resulting in a housing solution based on a wide range of financial capacity. Affordability and a variety of products were important considerations during the design process.  

To complement the housing and other facilities, essential social amenities such as crèches, a community centre, educational facilities and healthcare facilities will be developed. Other amenities will include mixed-use business centres, religious sites, various recreational parks and green spaces, as well as public sports facilities. Proximity of the residential units to the amenities has been taken into consideration in the spatial arrangement. Read more....

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