The following persons may acquire a residential property from a PDS Company:
- a natural person, whether a citizen of Mauritius, a non-citizen or a member of the Mauritian Diaspora;
- a company incorporated or registered under the Companies Act;
- a société, where its deed of formation is deposited with the Registrar of Companies;
- a limited partnership under the Limited Partnerships Act;
- a trust, where the trusteeship services are provided by a qualified trustee; or
- foundation under the Foundations Act. 7
Note: A qualified global business as defined under the Financial Services Act 2007 holding a Global Business Licence may acquire property under the PDS scheme.
Residential property
A project under the PDS must have at least 6 residential units. The residential properties may be a mix of:
- Luxury villa with attending services and amenities
- Luxury apartment with attending services and amenities
- Penthouse with attending services and amenities
- Other similar properties used, or available for use, as residence with attending services or amenities
Extent of residential property
The extent of land in respect of each residential property, other than for an apartment or a penthouse, is developed on land not exceeding 2,100 square metres excluding common areas.
Cost per residential property
There is no restriction on the minimum price for the acquisition of a residential property under PDS.
Commercial & leisure amenities
Under the Scheme, the promoters must make provisions for setting up of high-class leisure and commercial amenities and facilities intended to enhance the residential units and shall be accessible to the community. Promoters should ensure to promote inclusiveness through high quality public spaces within the development .The commercial/leisure component must be commensurate to the scale of the proposed development.
