Real estate has seen the mushrooming of gated communities, residential neighborhoods, or housing that is enclosed by a perimeter and features controlled access points. Usually, large firms or individuals own the community at first but later allow for off-plan purchases before or during its construction, plots, and builds, in which customers can build a home using the estate’s pre-approved designs and buy an already completed and existing home. What is the value of buying from a gated community over a regular community? Speaking in an interview with the Zambian Business Times—ZBT, Platinum Properties Director and Valuation Expert Christopher Mulenga observed...
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