Calgro M3, which develops affordable housing with the government, sees group revenue rise 25.7% to R720m in the interim period to August.

Calgro M3, a residential property and memorial parks developer, has weathered a subdued operating environment in the construction industry to report significant growth.

A R6.2 billion new Gauteng housing project – the Leratong City integrated nodal development – is set to get under way in Leratong, Mogale City in a joint development by McCormick Property Development, Calgro M3 and Sasuka Logistics Services.

With the construction sector resembling a sort of rubble, what with all the majors on their knees as the chickens come home to roost and some worth a fraction of the values they boasted before the lid was lifted on collusion, affordable housing firm Calgro M3 is worth a look.

Calgro M3 has produced an excellent set of results for the year to 28 February 2015, showing strong growth for the fifth consecutive year.