The group, which operates in the integrated residential market segment, said new projects ensured the pipeline of R8bn was maintained.

At the same time, Calgro said its risk was managed by accelerating the privately financed component of its integrated developments.

The group’s exposure to social housing was once again increased.

Units aimed at the finance-linked individual subsidy-programme market were under construction and would be brought to market as a pilot project.

The group said in line with its strategy all construction was still run inhouse to ensure the highest quality.

However, the group may look to external contractors to implement the five-year pipeline, should internal capacity be fully used.

The construction of 232 units of social housing in the first phase of the Fleurhof project in Gauteng had commenced.

Infrastructure for the second phase of the project is on track, and the third phase will commence towards the end of the year to ensure continuity.

The infrastructure for the first phases of the Jabulani central business district and Jabulani hostel projects in Soweto were completed.

Construction of the first 500 units in the hostel redevelopment project were also completed.

Once work relating to a variation order from Gauteng’s housing department is completed, units would be handed over to beneficiaries, the group said.

"The recovery of the affordable housing sector continued during the period under review," Calgro said.

Revenue nearly doubled to R401m from R209m in the same period last year.

Various projects from the group’s healthy R8bn pipeline were being implemented concurrently, with another project expected to commence during the second half of next year.