Situated in the north of Mauritius, the Vallouise Gardens project is to be an exquisite development of 33 two and three bedroom apartments, designed and built to international standards and available for purchase to both the local market and qualified foreign residents.*
The contemporary architecture is blended with well-designed and practical internal and outdoor living spaces suiting the climate and Mauritian lifestyle. The affordable selling price will make the apartments accessible to a large number of buyers looking for high quality living.
High quality and durable finishes specially imported for the project will give the development a unique appeal, combined with a strong set of unique selling propositions.
1. Mauritian Citizens, and
2. Non-Citizens (with one of the following conditions)
a) the holder of a Permanent Residence Permit under the Immigration Act
b) an investor who has made an initial investment exceeding USD 100,000 (after 1 January 2013) or its equivalent in any freely convertible foreign currency, is registered with the Board of Investment and holds an Occupation Permit
c) a professional who earns a monthly salary exceeding USD 3,000 or its equivalent in any other freely convertible foreign currency, is registered with the Board of Investment and holds an Occupation Permit
d) a retired non-citizen who has transferred a sum of at least USD 120,000 or its equivalent in freely convertible foreign currency or who has transferred a sum by instalments, the aggregate of which is at least USD 120,000 or its equivalent in freely convertible foreign currency, during a period of 3 years, and holds a residence permit
The apartment has to be a residential dwelling that forms part of a block of residential dwellings located in a building of at least 2 floors above ground floor. On approval of the application, a non-citizen will be entitled to buy only one (1) apartment, together with part of the common areas collectively owned in “copropriété” in proportion relating to the size of the apartment.
Owners with Mauritian Permanent Residency will benefit from a 10 year renewable right to reside full time in Mauritius.