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Homes Memorial Parks REITRetirement Estate

Calgro M3 is the developer of choice in selected markets through the consistent delivery of homes, rental units and memorial parks of the highest quality.

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An accelerating and promising trend is the emergence of more inclusionary neighbourhoods that accommodate a greater mix of income groups. Calgro M3 Developments purchased 2 strategically located properties to secure our exciting new development, Umhlanga Hills. Theproject is located in Cornubia, awell-positioned high quality, integrated, affordable to mid-market neighbourhood with retirement, schools and shopping opportunities within the immediate proximity.

The project consisting of 2 developable precincts, Precinct 1 and Precinct 4, are extremely well located within the Cornubia project. As background, the Cornubia project is Kwa-Zulu Natal’s most prominent and high-profile project. The project has also been awarded Catalytic Project status. The Umhlanga Hills project is earmarked for affordable to mid-market sales as well as affordable to mid-market rental units with no government or state funded units (BNG, CRU, Social).The project will consist of high density multi-storey units targeting the LSM market between R15,000 and R30,000 pm.

Various green initiatives and energy saving technologies such as gas for water heating (geysers) and cooking, solar water heaters, heat pumps, improved insulation, will be implemented. Recycling projects and urban greening initiatives are currently also being investigated to be implemented within the project. Besides the green component, the added benefit of these measures will also reduce electricity demand by the development and make the area socially and visually more attractive.

The development will include the following urban amenities:
  • Total number of units – 1 076
  • Rental Units - 358
  • Affordable open market bonded units – 358
  • Mid-market open market bonded units – 360
  • Infrastructure such as roads, water, sewer, reticulation and storm water facilities