The development will be situated near Orange Farm, south of Johannesburg.
Savanna City is being developed by Basil Read and Old Mutual’s Housing Impact Fund of South Africa (HIFSA) as one of the largest privately initiated urban lifestyle developments of its kind in South Africa.
It is a sustainable, integrated, mixed use development with all the necessary amenities to offer a quality lifestyle.
The 1,462 hectare Savanna City Development will provide 18,399 integrated, mixed income housing units, schools, clinics, churches and retail and commercial sites. Fully subsidised houses houses will make up over 30 per cent of the development.
The development will have a total economic impact of 28.4 billion rand during construction and 12.7 billion rand post construction. It would further create total employment of 54,900 during construction and 12,700 post construction.
The unique aspects of the development is that involves the community, by providing spaces for families to meet, play and nurture their children, through parks, schools, churches and retail/entertainment spaces.
The aim is to place suburban home ownership in the hands of many South Africans.
The development is funded by various stakeholders including the national government and the Gauteng Department of Human Settlements.