overview

Q: What is the total size of the development?
A: Ninety (90) Hectares.

Q: Are there Architectural Guidelines for the Estate?
A: Yes. A ‘Cahier des Charges’ has been registered which sets out the building and architectural guidelines for the whole development.

Q: When will construction on the Mascarene Apartments begin and how long will construction take?
A: Anticipated start date will be the first quarter of 2015 and completion approximately 18 months thereafter. 

Q: Will there be a warrenty provided on the properties?
A: Yes - a 10 year guarantee will be provided in respect of major defects occuring on the property through a Decennial Insurance Property for RES properties, by the building contractor.

Q: Are there lifts?
A: Yes

Q: Do the units come furnished?
A: The units are not furnished but a furniture (deco) pack is provided at a cost of MUR 1,200,000

Q: What will the estimated monthly levies be?
A: Estimated to be MUR 5,500 per month.

Q: How many parking bays are allocated for each apartment?
A: Two parking bays per apartment, plus visitors parking.

Q: When will shared owner facilities be ready?
A:     R Club 2015

Boat Parking 2016

Club House 2016

The Beach 2017

The Lodge 2013 (ready)

Banyan Village 2017

Q: Is there an additional cost associated with the shared owner facilities?
A: Yes - a membership fee is applicable.

Q: What other commercial facilities are planned? 
A:Provision has been made in Phase 2 of the development to create a commercial facility called Banyan Village on the North entrance which will include boutiques, restaurants, bars, galleries and various attractions.

Q: Will there be a Rental Pool facility and how will this be managed?
A: Yes. Owners will have to purchase the available furniture / deco pack to be eligible to register in the rental pool. A Managing Association / Company will be appointed by the Homeowners Association and will be responsible for running and managing the Rental Pool operation on behalf of the participating owners. Estimated Short Term rentals for 3 bedroom apartments, in the current market in Euros, vary between €150 - €270 per day depending on high, low or peak season.

Q: What are some of the tax benefits of living in Mauritius?
A: Mauritius is recognised as the one of the best administered economies in Africa and offers an ideal environment in which to do business. This is partly due to the level of taxation, with a flat corporate tax rate of %15 and tax residents in Mauritius are also subject to a flat rate of %15 on income earned or otherwise repatriated to Mauritius.

Furthermore, there is no inheritance tax, no capital gains tax, tax free dividends, bank interst and free repatriation of profits, dividends and capital. Double Taxation Agreements have been concluded with 34 countries, including France, South Africa, the United Kingdom, India and China. Similar tax agreements with 7 other countries are awaiting ratification. List available upon request.

Q: To get advice on financial and legal structuring of my purchase who can I approach?
A: Mauritius has a number of highly reputable firms in the Financial Services Sector that provide this service. Should you require assistance in this regard we can assist in arranging an appointment.

Q: When can I apply for my Residence Permit?
A: Upon signature of the Deed of Sale you may apply for your residence permit, should you have acquired a property to the value of at least USD 500,000.

ENQUIRY FORM