As part of the agreement it was made to install all the services, including roads, storm water drains, water and electricity services and sewage services to all the erven located within this portion of the Township – which included individually owned erven.
The total costs in relation to the installation of the services, in 2009 were R116 565 508.00, including Vat, which equates to R461.23 per square meter, including VAT.
During 2012, the Developer issued Summons under case numbers 13499/2012, 14602/2012 and 15058/2012 out of the Western Cape High Court against the 131 individual owners the cause of action being Unjustified Enrichment.
The court case is still ongoing but due to ongoing settlement with these individual owners the matter has not proceeded to go to trial.
The Developer has successfully settled with 93 of these individual owners.