Old Mutual set to build low cost houses

OLD Mutual Group has unveiled plans to construct 3 000 low-cost houses in Bulawayo over the next three to four years to complement council efforts to reduce the city’s housing backlog currently pegged at more than 100 000.

The group’s chief executive officer, Jonas Mushosho, recently told NewsDay Business that the new housing projects would be carried out in phases.

“We previously reported that we are developing residential stands, low cost housing residential stands in Pumula South and in Nkulumane, with the total being 1 092.

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