Real estate Mauritius

South African Buyers Snapping Homes in Mauritius

Mention Mauritius and words like crystal clear beaches and long days lounging around drinking cocktails come to mind. I call it the island dream these days and my fellow colleagues seem to like the idea of packing up and soaking in the sun, after all, it’s still home, Africa I mean. Lately, we have been reading all sorts of positive growth stories on Africa and where to invest and buy property.

19 Jun 2013, business.mega.mu

Domaine Les Pailles: Call for Proposals Raises an Average Interest

Two proposals were submitted to the State Investment Corporation (SIC) for the purchase or lease of the tourist village of Belle Mare and four proposals for the five restaurants on the estate Pailles.

17 Jun 2013, business.mega.mu

Real Estate Bubble: Not Explode or Burst

"The steady increase in credit growth in specific sectors could be heralding the creation of bubbles. On the other hand, the rise in non-performing loans' recorded during the year does not bode well, "captures the Governor of the Bank of Mauritius.

08 May 2013, business.mega.mu

"We Need an Authority to Control the Real Estate Sector"

After the scandal Ponzi schemes, operators of real estate sector in favour of the creation of an authority or commission to better control operators in this sector.

02 May 2013, business.mega.mu

Real Estate Projects: Attention Trapped

They often invested hundreds of thousands of rupees in real estate projects that seemed enticing, but now struggling to emerge and that, for more than five years. Clients A & A Marketing live in fear of not getting their money.

28 Apr 2013, business.mega.mu

Residential and Golf Course Bois Chéri Rs 6 Billion Invested

This is confirmed Arthur & Morgan Ltd. invest in an ambitious project. Residential golf complex called Avalon, Bois-Chéri. Requiring an investment of over Rs 6.5 billion, it will include a golf course with 18 holes, a Country Club and 364 villas, 90 of which are intended for Mauritians living abroad. Everything will be built on an area of 544 arpents. Work should débuterle July 1. Already, more than 50% of the lots have been reserved.

26 Apr 2013, business.mega.mu

A & A Marketing: There Has Never Been a Scam Says Promoter Gyan Kessewnath

A & A Marketing denies having committed any fraud around multiple real estate projects that began construction in Grand Baie. This agency is under the spotlight with the suspension of licenses Nirvi Management and Lotus Fund . The financial arrangements for these projects is unconventional.

22 Apr 2013, business.mega.mu

A & A Marketing in Viewfinder of Police and FSC

More than 500 people have been waiting for years as real estate projects in which they have invested succeed. A & A Marketing, promoter, reassuring, while the police investigation and the FSC has appointed an administrator to put the order. -

19 Apr 2013, business.mega.mu

Grand-Gaube: a Hotel Residence for Ramloll Group

Change of plans. Crisis forces, group Ramloll decided to make changes to the project Pte Oscorne in Grand-Gaube. He now chooses unerésidence hotel.

16 Apr 2013, business.mega.mu

Alleged Real Estate Fraud: Sale Of Centre Point Suspended By Court Order

Judge Gerard Angoh interlocutory issued an order for an interim injunction to suspend the liquidation of the company COMAPRIM Co. Ltd., owner of the Centre Point Shopping Mall, at Trianon, by the administrator Mushtaq Oosman. The case was initiated by RNC Properties Ltd. and 10 other plaintiffs.

07 Apr 2013, business.mega.mu

Office rent, Port-Louis: Can Become a Ghost Town…

Realtors fear the worst. With the recent floods, office space in Port Louis will be made less attractive. They fear the worst as the capital became a "ghost town."

07 Apr 2013, business.mega.mu

Island of Opportunity: Mauritius Is on the Up

A piece of tropical paradise without the crowds – Mauritius offers a tax-friendly alternative to the Caribbean.

20 Mar 2013, business.mega.mu

Rs 790M and Rs100M Debt Losses: Port Chambly - The Failure of a Dream

Venice in Mauritius. Promoters dream turns into a nightmare Port Chambly. Clifton and Clifton Holdings Ltd Properties Ltd, developers of the project have been placed into administration, given their inability to repay their debts amounting to Rs 790 million.

16 Mar 2013, business.mega.mu

Alleged Real Estate Fraud: Justice Rejects Complaint South African Rory Kirk

The Supreme Court issued an interlocutory judgment on part of the trial in protest of South African Rory Kirk Timol against the brothers. It believes it is premature to rule on the personal liability of promoters.

14 Mar 2013, business.mega.mu

Investment: RES and IRS no Longer Cote d'Amour

A few years ago, the RES projects (Residential Estate Scheme) and IRS (Integrated Resort Scheme) were the most powerful magnets in foreign direct investment in the country. With a thousand villas sold to date, the account looks good. However, in 2011 and 2012, a slowdown was noted in this activity.

19 Feb 2013, business.mega.mu

Real Estate: How Market Become "Destabilized"

Higher prices of materials, and several years of high demand of foreigners and expatriates who pushed offers, property prices continue to take the elevator. Several factors contribute to "débalancer" the market.

04 Feb 2013, business.mega.mu

Supreme Court : Freezing of Assets of French Claimed

Indian Ocean Real Estate Ltd asked the Supreme Court to order the freezing of assets (Mareva injunction) of its former chief investment officer, a French resident of Grand Bay, for an amount of Rs 4 million. The company accuses former manager of fraud through an offshore company in Seychelles.

21 Jan 2013, business.mega.mu

Three Investment Options: How To Make Money Grow in 2013

You have savings? You want to invest a portion of the salary increase that you will end January with the payment of the PRB? But how to best monetize your investment? Three experts deliver their advice.

20 Jan 2013, business.mega.mu

Construction Project in Ebony: BPML Can Not Terminate Lease Of Land Allocated to Futura

Judge Benjamin Marie Joseph in a judgment earlier this week refused to issue an eviction order against the company Futura, which the Business Park of Mauritius Ltd (BPML) has granted a lease for a plot of six acres.

17 Jan 2013, business.mega.mu

Luxury Real Estate: CentrePoint with Debts of Rs 850 Million in Liquidation

Port Chambly complex with IRS villas and hotel, and a slate of Rs 800 million, in administration since the beginning of the year

17 Jan 2013, business.mega.mu