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The Property Development Scheme (PDS) is easily amongst the most successful government programmes to attract foreign investors in Mauritius. The broad market base of this innovative programme on property development in Mauritius is partly behind its success.
Residential purchase in a PDS project is open not only to an individual—a citizen, Mauritian diaspora or foreigner. The Economic Development Board (EDB) of Mauritius has also included the following as eligible buyers in PDS projects:
Prospective buyers of residences in a PDS project have to file a purchase application with the EDB. This application shall be channelled through the project’s promoter. A sale can only proceed once a PDS company or promoter has obtained such EDB purchase authorisation to a buyer.
Foreigners buying a residence in a property development in Mauritius under PDS need to submit the following documents:
Buyer companies, on the other hand, have to provide these documents:
To buy a PDS residence as a trust, below are the documents to submit.
Property developers have evidently recognized the wide market potential of projects under the PDS. Since it was launched in 2015, the EDB has approved some 70 projects under this innovative property development in Mauritius.
The country’s no. 1 luxury real estate developer, 2Futures, notably has three PDS projects. These include Ki Residences, Ki Resort and Serenity Villas. Significantly, this kingpin of property development in Mauritius also maintains a wide industry network to fast-track processing of buyers’ purchases.