Real estate development in Kenya, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Mauritius.
Mauritius has established itself as a favorable investment destination. The government has various programs that attract foreign investment, such as the Integrated Resort Scheme (IRS), Real Estate Scheme (RES), and Property Development Scheme (PDS), which allow foreign buyers to purchase property.
Mauritius is a popular tourist destination, known for its beautiful beaches, luxury resorts, and vibrant culture. As tourism continues to grow, there is a rising demand for both short-term rental properties and long-term accommodation for expats and retirees. This provides investors with significant opportunities for rental income and capital appreciation.
The demand for luxury villas, beachfront properties, and high-end developments is increasing, particularly from international buyers looking for second homes, vacation homes, or retirement properties. The market for such properties is driven by global wealth, making real estate a solid investment for those targeting affluent buyers.
Mauritius is strategically located in the Indian Ocean, providing investors access to key markets in Africa, Asia, and beyond. It has become a hub for international business, particularly in sectors like finance, technology, and hospitality.
Mauritius offers a mix of investment advantages, including tax incentives, a strong tourism sector, and increasing demand for luxury and expatriate housing. With its favorable business climate and stable economy, it remains a prime destination for both personal property ownership and commercial real estate investments.
Mauritius is an attractive destination for expatriates and retirees, offering a high quality of life, excellent healthcare, and a relatively low cost of living compared to other parts of the world. Many foreigners are looking to purchase property for long-term relocation, making real estate an attractive investment option.
