A local financial institution has partnered with land developers in developing housing units on a 110 hectare piece of land in Mount Hampden.

The partnership between land developers and financial institutions is yielding positive results with 622 housing stands already commissioned and a model house constructed in Mount Hampden.

Speaking at the ceremony, Fairview Properties chairman Mr Albert Kamhunga said his organisation has embarked on phase two of the project after realising there is huge demand for housing while Datvest managing director Mr Jack Smith said the model can be replicated in other areas.

Mashonaland West Provincial Affairs Minister Cde Faber Chidarikire said government is aware of the challenges that property developers are facing and warned land barons against fleecing home seekers.

Government has set a target of 318 000 housing units under ZIM ASSET and the complimentary role played by private developers in the provision of housing is commended.