Mashonaland Holdings Urges Modernization of Zimbabwe's Deeds Registry

Mashonaland Holdings, a prominent real estate company in Zimbabwe, has called for the modernization of the country's Deeds Registry to boost real estate investments. The company recently funded the revamping of sections of the Deeds Registry, contributing US$12,000 to address the deplorable state of the Deeds Search Hall caused by years of wear and tear and inadequate maintenance.

Gibson Mapfidza, the managing director of Mashonaland Holdings, urged fellow industry players to partner with the Deeds Registry to modernize the facility, emphasizing its central role in enabling real estate investment transactions. The Chief Registrar, Willie Mushayi, expressed appreciation for Mashonaland Holdings' gesture and called on other real estate companies to follow their example.

Why this matters: The modernization of Zimbabwe's Deeds Registry is crucial for attracting real estate investments and facilitating smooth property transactions. A well-functioning and efficient registry system can boost investor confidence and contribute to the growth of the country's real estate sector.

The Deeds Registry has aspirations to revamp the entire building, modernize facilities, and adopt technology-related solutions. However, achieving these goals requires partnerships and support from industry players. Mashonaland Holdings' initiative serves as an example of how private sector collaboration can contribute to the improvement of public infrastructure and services.

Chief Registrar Willie Mushayi acknowledged the importance of such partnerships, stating, "The Deeds Registry has aspirations to revamp the entire building, modernize facilities, and adopt technology-related solutions, which can only be achieved through such partnerships."

As Zimbabwe seeks to attract more real estate investments, the modernization of the Deeds Registry stands as a critical step in creating an enabling environment for property transactions. Mashonaland Holdings' call for industry-wide collaboration highlights the shared responsibility in driving the sector's growth and development.

Key Takeaways

• Mashonaland Holdings funded $12,000 to revamp Zimbabwe's Deeds Registry.
• The registry modernization is crucial to boost real estate investments.
• The Chief Registrar called for industry-wide partnerships to achieve goals.
• Mashonaland Holdings' initiative exemplifies private-public collaboration.
• Modernizing the registry can create an enabling environment for property transactions.