Why Look for a Real Estate Developer in Mauritius?
The small island nation of Mauritius located in the Indian Ocean is best known for beautiful beaches, tourism, and offshore financial services. In recent years, the real estate market in Mauritius has seen significant growth driven by increasing demand for both residential and commercial properties. This provides attractive investment opportunities for a real estate developer in Mauritius.
The key role that tourism plays in the Mauritian economy exacerbated the negative effects of the Covid pandemic and the real estate market was no exception. Despite the ensuing uncertainties, interest in residential property remained high among investors who understood the value of having a comfortable place to live. Mauritius is once more a secure location for real estate investments following Covid.
A Real Estate Developer in Mauritius and its Government
Growth has been encouraged by the Mauritian government implementing several measures to stimulate and promote real estate development, including tax incentives for developers and foreign investors. Mauritius remains undeniably one of the best destinations in Africa for investment, with diversified real estate stock and the numerous benefits specific to its island living environment. Positive prospects are underpinned by its political, economic, and financial stability.
The real estate market does face some challenges, including a lack of affordable housing and a shortage of skilled labour. Despite these challenges, savvy developers and investors are seeing the potential for growth in the Mauritian real estate market.
Investing in real estate in Mauritius can be lucrative and rewarding with the island presenting many attractive commercial real estate investment opportunities. Overcoming the challenges and mitigating potential risks require in-depth knowledge of the Mauritian real estate market, the regulatory environment and specific experience with delivering successful developments in Mauritius.
The only reliable indicator of who to choose as your real estate developer in Mauritius, is a portfolio of successful developments on their books. It is prudent to look for an investment partner with a track record of delivering high-yielding rental income streams and proven growth potential.
A Real Estate Developer in Mauritius with the Right Pedigree
Gateway Real Estate Africa (GREA) is a Mauritius-based real estate developer. GREA is a multi-award-winning real estate developer specializing in delivering premium turn-key developments to multinational clients in Africa. It is the development subsidiary of Mauritius and London-listed Grit Real Estate Income Group Limited. GRIT and GREA’s current investments in Mauritius total 4.9 billion and 1.65 billion Mauritian rupees, respectively. Upon completion of ongoing projects by 2024, the total investment will exceed Rs. 8.6 billion.
The leadership teams of GRIT and GREA recently held bilateral discussions with the Economic Development Board of Mauritius (EDB) to explore opportunities to unlock the potential of the country and to attract more foreign direct investment.
The EDB delegation was also given insight into The Precinct, a mixed-use office developed at a cost of Rs. 1.3 billion. The Precinct project leads the way in sustainable development becoming the first development in Mauritius, and the first office development in the Indian Ocean Islands region, to be awarded the coveted 5-Star Green rating by the Green Building Council of South Africa (GBCSA).
GREA has a long and impressive track record of delivering projects that provide excellent ROI and strong growth potential to investors. Make GREA your real estate developer in Mauritius and access the real estate investment opportunities that this beautiful Indian Ocean island presents. Contact us today.