• Property Type
  • Apartment, Duplex, House, Land, Penthouse, Residential, Villa
  • 2185
  • Property ID
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 248
  • 2020
  • Year Built

Apartments & Penthouses, Mont Choisy La Reserve

Mont Choisy, Mauritius
  • Rs94,458,000

Overview

Property ID: 2185
  • Property Type
  • Apartment, Duplex, House, Land, Penthouse, Residential, Villa
  • 2185
  • Property ID
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 248
  • 2020
  • Year Built

Description

INVESTING IN MONT CHOISY LA DESTINATION

Mont Choisy La Destination is an approved development under the Smart City Scheme, a mixed-use development programme launched in 2015.

It gives foreigners the opportunity to obtain Mauritian residency on purchase of real estate property worth at least USD 500,000 (excluding taxes).

Buying property at Mont Choisy La Destination

The property acquisition process at Mont Choisy La Destination comprises three main steps:

  1. The buyer signs the preliminary reservation agreement with the developer.
  2. Upon receipt of the required documents from the buyer, the developer will submit an application for acquisition of a property to the Economic Development Board (EDB) on the former’s behalf.
  3. Once the approval letter is issued by the EDB and all other relevant acquisition criteria have been met, the buyer and seller will appear before a notary in Mauritius to sign the sale agreement (notarial deed).

Residence permit

Right of residence for family members

Foreign buyers’ dependents may apply for a residence permit in Mauritius for a duration not exceeding that of the owners. Dependants include the spouse or common law partner, children, stepchildren or lawfully adopted children under the age of 24, as well as wholly dependent unmarried next of kin, provided that the number of dependents does not exceed three.

Validity of the residence permit

Property owners at Mont Choisy La Destination and their immediate family members have the right to reside on the territory as long as they maintain ownership of the property. The permit shall become null and void upon sale of the property, while the right to a residency permit will be transferred to the new owner, if s/he is a foreigner.

Mauritian work permit

A residency permit does not automatically give the holder the right to work in the country. S/he is however entitled to apply for a work permit, which is mandatory to engage in one or more professional activities in Mauritius. The approval process is usually very fast.

Vente en État Futur d’Achèvement (VEFA)

Mont Choisy La Destination’s properties are sold off-plan under the VEFA regime, which binds the seller to transfer at once to the new owner all the rights to the land for sale, including ownership of existing constructions. The price of the residences can be paid in instalments as construction advances, or in full. Any newly built infrastructure becomes the responsibility and property of the buyer as construction progresses.

The advantages of buying off-plan

A significant advantage of buying off-plan is the ability to purchase the property at below-market value. There is potential for strong capital growth and resale at a profit before completion. Moreover, the deposit represents only a small portion of the purchase price and payments are staged through to completion.

Garantie Financière d’Achèvement (GFA)

As part of an off-plan property sale in Mauritius, the developer must take out a GFA from an established banking institution. This is a performance bond that ensures delivery of the property to the buyer, according to the terms and conditions of the contract between her/himself and the seller. If the developer fails, in any way, to deliver the property as agreed, the relevant bank will honour any such obligation.

which blend together to create a truly unique, sustainable environment.

Penthouses

The architecture and design in these magnificent penthouses embody the spirit, sleek design and warm tactile materials of the Mauritian lifestyle.

Specifications :

4 Bedrooms

248 m2

Private Pools

Covered terraces of 86 m2

Large private terraces and generous openings

Apartments

Facing onto a generous pool area, surrounded by lush tropical landscaped gardens, the

Apartments are defined by their sleek and contemporary Mauritian-styled architecture.

Specifications :

1,2 or 3 Bedrooms

94 m2 – 187 m2

Surrounded by lush tropical landscaped gardens

Covered terraces from 23 m2 to 38 m2

Facing onto a generous pool area.

Foreign ownership, access to Mauritian residence permit and a favourable fiscal climate

Details

Property ID
2185
Bedrooms
4
Bathrooms
3
Property Size
248
Year Built
2020
Updated on September 24, 2020 at 2:36 pm

Address

  • City Mont Choisy
  • State/county Rivière du Rempart
  • Country Mauritius

Contact Information

Sebastien Staub
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Sebastien Staub
  • Sebastien Staub