G+2 Mauritius property a worthwhile option

Once the economic uncertainties around COVID-19 finally lift, real estate investments such as G+2 Mauritius property will gain momentum. Prior to the pandemic, there were over 30 new projects up and running in the northern part of the country where Mauritius property investment seems the hottest.

Many of these real estate developments have been initiated under the Ground Plus Two (G+2) scheme that the Economic Development Board (EDB) implemented in December 2016. Significantly, this scheme has eased the rules for foreigners to acquire a residential property in Mauritius.

Attractive price point

An amendment to the country’s Non-Citizens (Property Restriction) Act gave rise to the G+2 scheme, which allows foreigners to buy homes in condominium apartment blocks with at least two levels above ground. The price of an apartment unit should not be less than MUR6 million (about US$ 150,000).

There is no limit to the number of units that a buyer can purchase. Buyers can also rent out their G+2 Mauritius property. Although foreign buyers of G+2 apartments are not eligible for permanent residency in Mauritius, they can obtain a temporary residence permit of up to six months.

Developers have gone the extra mile to provide the best buying choices. Ocean Grand Gaube by 2Futures, the no. 1 real estate developer in Mauritius, is a case in point. 

This waterfront development is in the former fishing village of Grand Gaube. It comprises 42 apartments spread across seven three-storey blocks. Lush tropical gardens embrace these residential structures, adding to the peace and tranquillity of the development’s setting.

The epitome of luxurious, resort-style living

Luxurious, resort-style common facilities are included to provide an active and healthy lifestyle for the whole family. This 2Futures masterpiece includes a private clubhouse near a large, private swimming pool. 

Other exciting features include a wellness centre, yoga pavilion, and a kids’ play area with a pool. There is also a tennis court and a petanque field. A natural pond and a slice of the Grand Gaube beach add to the delight of living in this amazing residential complex, which increases the attractiveness of investing in a G+2 Mauritius property.

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