Mauritius real estate on parade: take your pick

The real estate industry in Mauritius has grown by leaps and bounds over the years. Pivotal to this growth are the various development schemes that opened the Mauritius property market to foreign homebuyers.

Since 2007, 2Futures has implemented most of its real estate projects under these programmes. Check out the range of 2Futures projects below. They may very well be your portal to homeownership.

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Les Residences de Mont Choisy – Real Estate Scheme (RES)

The RES allows development of smaller land parcels, paving the way for communities that are more close-knit. RES developments can cover between 4,000 square metres and 10 hectares.

2Futures has already completed several RES projects. In 2021, another 20 boutique apartments will be completed at Les Residences de Mont Choisy. This property shares onsite amenities with Le Domaine de Grand Baie, a senior-services residence.

Ocean Grand Gaube – G+2 Scheme

The G+2 scheme enables foreigners to buy one or more residential units in approved projects for apartments two levels above ground. A unit purchase price should not be less than MUR 6 million (about USD 150,000). G+2 foreign buyers are not eligible for a permanent resident permit. However, they can obtain a one-year, renewable Premium Visa or a six-month temporary resident permit.

One of 2Futures’ G+2 projects, Ocean Grand Gaube is scheduled for delivery in the second quarter of 2022. Another 2Futures G+2 project, Casa Alegria, sold out in early 2021, indicating keen market interest inreal estate development schemes.

Mont Choisy Le Parc – Integrated Resort Scheme (IRS)

The Mauritius Government set up the IRS in 2001. This was the first scheme encouraging noncitizens to invest in Mauritius real estate. Furthermore, developments must cover at least 10 hectares.

Here, and elsewhere, buyers who invest USD 375,000 and more qualify for permanent residency. 2Futures delivered its IRS project, Mont Choisy Le Parc, in 2018. Located in Mont Choisy, this development turned out 212 residences comprising villas, penthouses and apartments. The development value of this project amounted to USD 240m.

Serenity Villas – Property Development Scheme (PDS)

The PDS was adopted in 2005, lifting the restriction on the maximum land area that could be developed under the scheme and who could buy there. Effectively, developers can sell all homes in PDS projects to foreigners.

2Futures is delivering a PDS project, Serenity Villas, towards the end of 2021. This Pereybere property has a development value of USD 22 million. It comprises a handful of villas on the largest plots in the area.

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