The owners have failed to meet loan restructuring measures.
Century-old estate will be upgraded into 1,870 modern units.
EPS building technology slashes costs by up to 30%.
Over 600 buildings have been declared unfit for occupation.
Shelter Afrique’s device seeks to boost supply of affordable houses.
The project seeks to promote the use of rail transport over vehicles.
The law allows for the issuance of apartment title deeds.
The project involves construction of 5,360 housing units.
The mandatory levy will be set at 1.5% of a worker’s gross salary.
The house will generate over 300% of its energy requirements.