Buying in G+2

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The Non-Citizens (Property Restriction) Act has been amended in December 2016 to allow foreigners to purchase apartments in condominium developments of at least two levels above ground (G+2) with the prior approval of the Board of Investment provided the purchase price of an apartment is not less than MUR 6 million or its equivalent in any other hard convertible foreign currency.

Any non-citizen, with or without an occupation permit, residence permit, permanent residence permit, may acquire apartments.

Thus, non-citizens are not restricted from acquiring:
 a residential unit developed under the IRS, RES and PDS
 a residential unit developed in a smart city
 an apartment located in a building of at least two floors above ground floor

SOURCE : Economic Development Board

  1. Who is eligible?
  2. Definition of apartment
  3. Basis of acquisition
  4. SCREENING OF APPLICATIONS SUBMITTED FOR ACQUISITION OF APARTMENT

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