![\"Cornubia\"](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/08\/Cornubia.png\")
<\/a>Cornubia location<\/p><\/div>\n
<\/a>Cornubia land<\/p><\/div>\n
<\/a>Town Centre\u00a0concept<\/p><\/div>\n
<\/a>City density<\/p><\/div>\n
<\/a>City density concept<\/p><\/div>\n
Upon completion, the development will have 24,000 housing units, of which 15,000 will be low cost homes. The construction phase will create up to 250,000\u00a0new jobs, while the completed development will create space for about 48,000 permanent retail and industrial jobs.<\/p>\n
An estimated 285,000 new employment opportunities will be created in the long term by the commercial activities associated with Cornubia, the developers have said.<\/p>\n
<\/a>Cornubia low-cost housing<\/p><\/div>\n
<\/a>Cornubia low-cost housing<\/p><\/div>\n
According to the developers, the residents of Cornubia will ultimately contribute about R300-million in rates to the eThekwini coffers and a further R2.1-billion in VAT receipts for the national fiscus.<\/p>\n
During its development, the project is\u00a0projected to have a GDP contribution of\u00a0R50.4 billion coming from the build over 20 years.<\/p>\n
The development includes the R1.5 billion Investec Cornubia Mall<\/a><\/strong>, which is a 85000 square metre structure located only 4km away from the biggest mall in Africa – Gateway.<\/p>\n Cornubia Mall<\/p><\/div>\n Cornubia Mall<\/p><\/div>\n Cornubia Mall<\/p><\/div>\n Cornubia Mall under development<\/p><\/div>\n The current plans represent the first phase of the much longer-term goals of Cornubia, with two more phases planned for the future, stretching all the way to King Shaka International Airport.<\/p>\n Phase 2 and 3 of the development is expected to draw as much as R210 billion in investment, adding 160,000 news house across all levels of affordability, as well as other social and commercial developments.<\/p>\n The next phases, over 4,000 hectares of land, is expected to add 330,000 new employment opportunities over a development phase of 15-20 years.<\/p>\n Cornubia future<\/p><\/div>\n A look at Sasol\u2019s stunning new R2 billion headquarters in Sandton<\/a><\/strong><\/p>\n A look at Pretoria\u2019s new R12 billion precinct<\/a><\/strong><\/p>\n A look at Rosebank\u2019s massive R7 billion face-lift<\/a><\/strong><\/p>\n<\/a><\/a><\/a><\/a><\/a>More on development<\/h3>\n