IRS and RES swap to Property Development Scheme (PDS)

A change of insight within the real estate sector in Mauritius focussing on local and foreign investors: in fact, the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES), two property acquisition schemes implemented by the Mauritian authorities in 2002 and 2008 respectively, have been replaced since June last by the Property Development Scheme (PDS) in line with the Budget Speech 2015.While the main characteristics IRS and the RES emphasises on the projects’ dimensions and the imposition of a minimum price, regarding particularly the IRS, the PDS scheme does not impose a minimum selling price. However, the construction site surface area must be of 1 to 50 acres maximum, with a minimum of 6 high standing residences. At least 25% of the properties are bound to be sold to Mauritians or members of the Mauritian Diaspora. Furthermore, the registration fee has been standardized for all purchasers at 5%.

Over 50% of sales now converted to title deed - Le Parc de Mont Choisy Golf & Beach Estate

Le Parc de Mont Choisy Golf and Beach Estate, the premier Mauritius development headlined by architectural master Stefan Antoni, continues to progress well with sales and is fast becoming a reality. A unique position, with the beautiful beach of Mont Choisy on the western boundary and the vibrant town of Grand Baie on the eastern boundary, has been the dominant factor driving sales thus far. 

Edenrock: Your tailor-made lifestyle

Edenrock has created a niche market even though the real estate market is still precarious, by offering tailor made products. These projects keep attracting more buyers and investors seeking a home/second residence that meets their lifestyle and reflects who they are.

Cap Tropical

Next to the entrance of The Black River National Park, Domaine Cap Tropical offers 27 exceptional RES villas opening on a tropical landscaped park over an area of about 3 hectares including a 6000 m² Club House offering many activities. The West Coast is known for its sunny climate, its environment and the quality of the development that offers a very much appreciated lifestyle.

Getting married in Mauritius: administrative procedures

More and more, Mauritius Island welcomes young couples in love, resident or not, wishing to get married in a tropical idyllic setting. In fact, Mauritius offers a pleasingly warming sun, beautiful beaches of white sand decked with coconut trees and turquoise blue lagoon offer ideal, paradisiac surroundings to live the best day of one’s life. Those landscapes attract hundreds of thousands of tourists, (over a million in 2014!) and will stay the base of this small island’s fame for a long time to come.

Rent a property in Mauritius: Rental Receipts

One very important aspect regarding renting a property in Mauritius remains the issuing of rental receipts. This is defined as a statement certifying that the tenant has settled his rental charges to the landlord. Very popular in France, a rental receipt is issued for free by the landlord, the document should include the following information: the address of the rented property, the tenant’s and landlord’s postal address, in some particular cases the administrator’s postal address (in case of rental pool), the rental period and payment details.