New upmarket Homelink Park project launched in Umguza

A NEW up-market housing project, Homelink Park, has been launched on the outskirts of Bulawayo in Umguza District where 191 stands that include low-density and institutional stands are ready for construction of upmarket homes and businesses that promise to change the skyline landscape of the peri-urban area.

The fully serviced stands, 187 low- density stands and four institutional stands have been connected to the water reticulation system and the roads have been tarred. The serviced stands sit on a 61,5 hectares piece of land and are ready for construction.

The project cost over US$5 million and was financed by Homelink whose shareholder is the Mutapa Investment Fund, the country sovereign fund headed by former Reserve Bank of Zimbabwe governor Dr John Mangudya.

Guest of honour, Minister of National Housing and Social Amenities, Zhemu Soda, said as NDS1 draws to a close at the end of the year, housing delivery remains one of the key pillars as set by Government when it was launched almost five years ago.

“While the target of one million housing units by 2025 has been ambitious, projects like Homelink Park prove that Government is on the right track,” he said.

“More importantly, Homelink has shown us the possibilities of what can be achieved when Government, investors and institutions such as Homelink come together for one purpose,” said Minister Soda.

“What excites us as Government is that this project has been planned and executed with quality and sustainability in mind. The flexible payment terms ensure that home ownership is accessible to a wider segment of our population.”

Minister Soda said Homelink’s reach covers all corners of the country as evidenced by the launch of Homelink Estate, a US$30 million project near Lake Chivero that has 972 stands.

Homelink managing director Dr Tawanda Matembo said the stand sizes range from 2 000 to 4 600 square metres.

“Servicing works for this project commenced on 2 May 2024 and was completed on 28 February 2025, with a total investment of over US$5,3 million,” he said.

“We are proud that we completed this project within 10 months. Following the completion of the project, we received the Certificate of Compliance from Umguza Rural District Council on 12 May 2025, which paved the way for our customers to obtain title deeds and begin construction immediately,” said Dr Matembo.

“The infrastructure in place in this development project includes tarred roads, water reticulation and drainage systems, which ensure the stands are not only ready to build but are also supported by durable and reliable amenities.

“Connection of water to the main line is still work in progress and should be concluded in due course.”

Prices for the stands range from US$15 to US$27,70 per square metre, depending on the size of the stand. A total of 100 stands have already been bought.

Dr Mangudya said the servicing of the Homelink Park stands was a practical response to the national housing backlog, which stands at approximately two million housing units nationally.

“This project offers 191 fully serviced low density stands and was completed this year with tarred roads, water reticulation and drainage infrastructure now in place,” he said. “The stands are ready to build with title deeds available, giving families both security of tenure and immediate opportunities to start building their homes,” said Dr Mangudya.

He said Mutapa Investment Fund was established to support economic growth, safeguard the nation’s wealth and build a prosperous future for Zimbabwe.

Mutapa Investment Fund’s operations are divided into six strategic clusters namely mining resources, energy and trading, ICT, transport and logistics, agriculture and industrials, financial services and real estate.

“Homelink sits within the financial services cluster, but through projects as the Homelink Park it also makes a strong contribution to the real estate cluster,” said Dr Mangudya.

“This is how Mutapa Investment Fund leverages synergies across clusters by ensuring that investments in one sector deliver tangible impact in others.”

Dr Mangudya said provision of serviced stands aligns directly with the National Strategic Strategy (NDS1), which has housing and infrastructure development as one of its key pillars while supporting the realisation of Vision 2030, a blueprint for the attainment of an empowered upper-middle-income economy.

“What we see today is the power of investment put to good use, investment that transforms land into housing opportunities. With more land available we can replicate developments of this scale in other parts of the country, ensuring that no community, no province and no citizen is left behind,” said Dr Mangudya.

In Masvingo Province, Homelink launched the Bushmead project located near Lake Mutirikwi while another project known as Homelink Heights in Crowborough in Harare that consists of six blocks of 78 modern two-bedroom apartments was also launched.

A total of 329 houses and 288 stands were this year commissioned in Brockdale, Bindura in Mashonaland Central province as well as 115 stands in Norton among other projects across the country.