R3 billion Bahari Bay eco-estate development planned for KwaZulu-Natal South Coast

A proposed R3-billion Bahari Bay eco-estate development is set to transform the coastal landscape of Shelly Beach on the KwaZulu-Natal South Coast. The 100-hectare development will comprise 489 homes, including 350 full-title properties and 139 apartments. About 40% of the land will remain undeveloped to preserve the natural environment. This massive investment is R1-billion more than the R2-billion Club Med resort on the KZN North Coast.

The Bahari Bay development is expected to create between 450 and 650 jobs during peak construction periods. Once fully operational, it could support a further 395 to 580 direct employment opportunities. The project has already attracted buyers from KwaZulu-Natal, Cape Town, and Johannesburg, as well as international markets including the United States, United Arab Emirates, and the United Kingdom.

According to Ntando Lurwengu, head of sales and communications at Bahari Bay, the interest in the development reflects growing confidence in the region. “The South Coast has enormous potential, and the interest we’re seeing from buyers locally and internationally suggests that this is increasingly being recognised,” said Lurwengu. More than 100 plots have already been sold, with Phase One reportedly 75% sold and 94% of the stands in the Executive Phase taken up.

Property prices have also increased as the project progresses, with available stands in Phase Two starting at R1.25-million, compared with the initial Phase One prices of R460 000. The development is expected to generate further economic activity through construction, property services, security, maintenance, and demand for local suppliers.

The development will not only boost investment but also contribute to the local economy through various industries. Local businesses are expected to benefit from the increased demand for goods and services. The development is a significant investment in the region, demonstrating confidence in the local economy and potential for growth.

The Bahari Bay eco-estate development is a major project that will have a significant impact on the KwaZulu-Natal South Coast. With its focus on preserving the natural environment and creating employment opportunities, it is an important development for the region. As the project progresses, it will be closely watched by investors, residents, and local authorities.

Overall, the R3-billion Bahari Bay eco-estate development is a substantial investment in the KwaZulu-Natal South Coast, expected to have a lasting impact on the local economy and environment. Key aspects of the development include the creation of hundreds of jobs, preservation of the natural environment, and stimulation of local economic growth.

Key points

• The development will comprise 489 homes, including 350 full-title properties and 139 apartments.
• The project is expected to create between 450 and 650 jobs during peak construction periods.
• Property prices have increased as the project progresses, with available stands in Phase Two starting at R1.25-million.