Where it’s safe to invest: new Mauritius real estate projects

The Mauritius property market is historically strong  In uncertain times, such as the current coronavirus pandemic, it’s safer to invest here. Thereal estate sector has a wide selection of new projects suited to various buyers.

Foreign investors and expats can choose from new luxury residences built under government-approved programmes and pay in instalments if the developments are selling off-plan or are under construction.

Buyers can undertake such purchases through a VEFA (Vente en l’État Futur d’Achèvement) or off-plan transaction. Instalments under VEFA are based on percentages of the purchase price. Typically, the schedule is as follows:

• 25 percent upon signing the purchase agreement
• 10 percent upon completion of the foundations
• 35 percent upon completion of the roofing
• 25 percent upon completion of the building works
• 5 percent balance on the date of handover of keys to the residence.

Select the right developer

So, be sure that you buy residential property from a trusted developer, who is able to guarantee project delivery. Many real estate agencies recommend 2Futures. Because of its commitment to delivery, the company has made homeowners happy in more than 370 residential units in seven completed projects. Another 11 real estate projects are underway, comprising over 450 residences.

Buy a home near Pereybere Beach

Casa Alegria Beachfront is a 2Futures project in the north. Located at the stunning Pereybere Beach, this is prime real estate. Plus, it is just a few minutes from the main attractions at Grand Baie.

2Beach Residences is another 2Futures masterpiece in the making. It is being developed nearby, under the G+2 programme. This offers apartments for sale in developments with at least two levels above ground.

The G+2 programme is perfect for overseas investors, who can buy any number of these apartments without Mauritian residency or work permits. What’s more, these homes can also be rented out.

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