Real Estate Scheme (RES) Mauritius

What is the Real Estate Scheme (RES)

The Real Estate Scheme (RES) is essentially a slimmed down version of the Integrated Resort Scheme (IRS) that has made such an impact on the Mauritian
property market in the last two years.  The thinking behind the scheme is to let smaller land owners have a share of the property development pie.  IRS development has been dominated by the large sugar companies. The benefit for investors is that RES property will be more affordable than IRS property.

Non Mauritians may purchase the property


•    The project property size must be between 1 Arpent (about 1 acre) and 10 Hectares
•    Must be freehold land - this rules out any beach front property that is usually government owned and leased.
•    The scheme must offer commercial and leisure amenities in addition to residential.
•    The scheme must provide day to day support services such as solid waste disposal, security, maintenance, gardening and household services
•    Only small land owners who have owned the land for at least 5 years may apply for an RES permit.  This land owner should not own more than 10 hectares in total in Mauritius.
•    Individual sites should not exceed 1.25 arpents (about 1.25 acres).
•    There is no minimum investment value (IRS has a minimum of USD 500 000)
•    Payment for purchases off-plan shall be in installments according to construction progress.
•    The first purchaser pays registration duty of $25 000.
•    Re-sales require the purchaser to pay land transfer tax of 5% on the property value plus the registration duty of $25,000.

 

invest in mauritius real estate
RES

Blue Island resort RES project in Mauritius Pointe aux Biches

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Tropica Baie RES project in Mauritius Pereybere Grand Bay

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RES Project in Mauritius Marguery Exclusive Villas Black River

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RES Project in Mauritius

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RES Project in Mauritius

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RES Project in Mauritius

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RES Project in Mauritius

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RES Project in Mauritius

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RES Project in Mauritius

Chamarel

Chamarel

Chamarel is village in the southwest of Mauritius with a population of 700. It is named after the Frenchman Charles Antoine de Chazal de Chamarel, who lived in the area around 1800.Chamarel is primarily known for its nature attractions the Seven Coloured Earths

Poste Lafayette

Poste Lafayette

Poste Lafayette is a lovely and peaceful village that reveals the authentic and unspoilt Mauritius, perfectly convenient for a peaceful stay. Poste Lafayette is located east offers nice views from its beach over the untamed beauty.

Pereybere

Pereybere

Situated between Grand Bay and Cap Malheureux in the north, the lively Pereybere Beach is never far from anything. For the beach enthusiast looking for the perfect place to spend the day, you will have an amazing experience. The beach is small in size but big in beauty.

Cap Malheureux

Cap Malheureux

Cap Malheureux is a village in the Rivière du Rempart district in Mauritius. Cape Malheureux is also a cape in the island of Mauritius. The cape is located not far from Mapou. Located in the north extremity of the island.