Charting the Uncharted
The Entrepreneurs Remodelling Township Property Markets
This case study delves into the regulatory and financial hurdles faced by micro-developers seeking rezoning in the City of Cape Town (CoCT). It stresses the need for improved communication on rezoning requirements and calls for expedited overlay zones and potential subsidies. The study emphasises the necessity for local authorities to simplify planning approval and standardise support across all District Planning Offices, advocating for consistency in policies and application processing times.
Financial considerations are addressed, with recommendations for securing adequate finance, disbursing it efficiently, and introducing financial instruments like bridging and equity finance. Collaboration with various professionals and institutions is encouraged, highlighting the importance of early engagement and skills development in the micro-development sector. In summary, this case study offers insights into overcoming regulatory and financial challenges, fostering collaboration, and promoting sustainable micro-development in the CoCT.
Abstract based directly on source.
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