Can you take a short cut to buy a home in Mauritius via PDS?

Buying a home is a complex process, especially for foreigners buying a residence in another country. Foreigners who want to buy a home in Mauritius though have an easier path cut for them. They can easily weave through the home buying maze through the Property Development Scheme (PDS).

Notably, it is the PDS companies that initiate processing of foreign individual or institutional purchases in PDS projects. These PDS companies submit the application of these buyers to the Economic Development Board. An application could proceed with dispatch, with its submission channelled online through the EDB’s Property Acquisition and Management System.

Developer’s role in due diligence

The PDS companies also handle for their buyers the payment to the EDB of the non-refundable MUR20,000 processing fee per application. These fees may be paid in sum as advance payments for a batch of applications.

The developer of a PDS project also takes care of opening a bank “Escrow Account” for its client-buyers. This step concludes a due diligence that each PDS company undertakes on its clients applying for a property purchase. The PDS company works with a reputable bank in this due diligence process.

Aspiring buyers of residences in PDS projects shall deposit in the bank escrow a maximum 25 per cent of the total purchase amount.  The amount is deposited after the PDS company and the buyer sign a preliminary reservation contract for a sale in future state of completion.

Developers thus obviously play a pivotal role when you invest in PDS projects. And for this reason, 2Futures has become the leading choice of aspiring buyers of properties on the island.

Team stewardship towards a sale

This developer offers a broad expertise to its clients, honed in various projects across Mauritius. The core competencies of 2Futures not only include the construction and development of luxury real estate properties. The DNA driving 2Futures also includes its sound networking with top Mauritian financial institutions like the Mauritius Commercial Bank and Investec Bank.

Since its foundation in 2007, 2Futures has organised a highly skilled, multi-discipline team. In effect, this developer has become a one-stop shop catering to the needs and wants of every property buyer.

Besides architects, builders, and designers, 2Futures can also tap a talent pool including financial managers and lawyers. This developer also fields professional sales consultants ready to help you find your home in a speedy and fruitful deal.

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