Essequibo businessman launches US$4M ‘Jagsville’ gated community
Promising to take residential housing on the Essequibo Coast to the next level, a popular businessman has launched a US$4M gated community at the Windsor Castle called, ‘Jagsville.’
The project will provide 171 lots ranging from 5,000 sq. ft. to 43,560 sq. ft.
During a sod turning ceremony at the site of the gated community on Wednesday, the proprietor, Tamesh Jagmohan said he acquired the land some time ago but was only granted approval from the Central Housing and Planning Authority on December 10, 2020 to commence the project.
“We have [already] mobilised our equipment, secure our raw materials, engage all the agencies necessary for this housing project and we are days away from serious movements and action,” Jagmohan told those gathered at the event.
He said the project will see the provision of low and middle-income homes. The name ‘Jagsville’ was derived from the Jagmohan family, which operates a number of businesses on the Essequibo Coast in the construction, mining, agriculture and financial sectors.
According to the General Manager, Curtis Mattis, the features of the gated community will include matured landscaping, access to a playground, a pool and a tennis court.
“A number of local contractors have already been engaged in relations to the construction of the homes [including] Builders Hardware… This housing project will create numerous jobs for the people of Essequibo during the construction phase.”
The asphalt phase of the civil works will be completed by S. Jagmohan Hardware Supplies and Construction Services. In terms of financing, the company will be sourcing loans from commercial banks in Region Two.
Also attending the event were Ministers of Housing and Water, Collin Croal and Susan Rodrigues. Minister Croal lauded the project, noting that the government welcomes the investment.
“While you have investment at the government level, equally important is investment by the private sector and that is why we welcome this initiative and we welcome a public-private partnership,” the Minister noted.
However, he cautioned that residents must be given what they pay for. “We just want to ensure that the main investors ensure that they keep their bond to the people within the region…that we have good work [and] quality work,” Croal said.
The housing minister said the government is also working on its own housing drive where over 600 lots will be allocated to Region Two residents in the coming year.