Villas Valriche Mauritius - luxury real estate ranked as one of the Top 10 Best Luxury Developments in the World
Benefits include Permanent Residency, No Inheritance Tax, No capital gains, 15% Income Tax and Freehold Home Ownership
Villas Valriche Mauritius will comprise 288 private plantation-style villas set in 210 hectares of low density, landscaped grounds on Mauritus. Likened to paradise, this truly fascinating island blends the best of French and English colonial influences with exotic Creole and Indian culture, beauty and harmony. Located in the south-west of the Indian Ocean, Mauritius offers an excellent year round climate
Villas Valriche will, in addition to the luxury villas, also include one 18-hole championship gof course and one 9-hole par 3 golf course. As an owner of one of the villas in Mauritius, you will be able to gaze out over the championship golf course, down to white sandy beaches and across the lagoon to the crystal clear waters of the Indian Ocean. The luxury villas all have infinity pools, large terraces, air conditioned bedrooms, state-of-the-art communications and private landscaped gardens - in brief Mauritius real estate at its best.
Villas Valriche has recently been recognised with two international honours at the prestigious Europe & Africa Property Awards in association with CNBC Arabia, receiving awards for Best Residential Development and Best Golf Development. It was also ranked one of the Top 10 Best Luxury Developments in the World in Homes Overseas Magazine, 2009.
This award-winning Mauritius real estate development provides total peace of mind; there are even bank completion guarantees on all villas. With Phase 1 infrastructure in place, a strong financial position and 27 luxury villas due to be handed over to their owners within the next 3 months, Villa Valriche is arguably the best placed real estate on the island to deliver on its promises.
Mauritius offers spectacular beaches, inviting crystal waters, magnificent views and landscapes, gentle and welcoming people and a wide range of activities and amenities for all ages and interests. With personal safety and security increasingly relevant in today's world, Mauritius offers high levels of safety and security.
With its booming economy, stable political system, a wonderful year-round climate, spectacular scenery and beaches, excellent international travel links and high levels of personal security, Mauritius is now widely recognised as one of the world’s most desirable destinations to live, ranking at the top of numerous global polls
10 Good Reasons to Invest in Villas Valriche and Mauritius real estate
- Mauritius is in a convenient time zone only +4 hours (GMT) with the UK. Asia is -4 hours and South Africa +2 hours making it a highly accessible destination.
- The island has near-perfect climate, friendly people, minimal crime and high levels of personal security.
- Mauritius continues to develop itself as a world-class offshore financial and investment hub for both private and commercial segments of the international market and is ideally positioned to benefit from the African and Asian markets.
- The island boasts a stable and democratic political environment for 40 years.
- Budget deficit is down from 5.5% to 3.8% of the GDP.
- Economically Mauritius is one of very few global countries that continues to exhibit strong GDP growth at around 5-6% per annum in the preceding years and has been very resilient during the economic downturn, showing positive GDP growth.
- The country's economic performance has been accelerated by a strong emergence of the financial services sector making use of the highly attractive taxation and investment policies of the Government.
- Strong tourism sector growth. The Mauritian Government's tourism development strategy focuses on further growing the tourism sector from approximately 1 million visitors per annum to 2 million in 2015, so a strong rental market for villas is predicted.
- The Integrated Resorts Scheme (IRS) allows foreigners to purchase freehold property in the few approved developments such as Villas Valriche, with the added attractions of automatic residency for the owner and immediate dependents, 15% income tax, no capital gains tax and no inheritance tax.
- The IRS property market in Mauritius is still in a youthful phase, but has already seen exceptional growth, delivering 40% - 50% pa appreciation on IRS properties, with the future outlook highly buoyant.
Mauritius: The Perfect Island Along with being a World-class Offshore Financial and Investment Hub
In recent years Mauritius has consolidated its position as the leading business and banking hub in the Indian Ocean. The island has received several prestigious global accolades in leading polls including:
Africa’s Easiest Place To Do Business: Mauritius ranks 1st in Africa and 2nd among Small Island Developing States after Singapore in the World Bank Doing Business 2009 rankings. The report offers investors insight into the investment climate and the ease of doing business in the various destinations. Mauritius ranks 24th out of 181 countries represented.
Mauritius was rated Africa’s top regional reformer in a report that recognises governments which have carried out the most business reforms over the last five years.
Most Improved Investment Climate: In 2009 Mauritius won the Award for Most Improved Investment Climate. The African Business Awards, organised by African Business magazine and the Commonwealth Business Council, celebrate excellence and best practices in African business and recognises those who have driven Africa’s rapidly transforming economy.
Port-Louis ranks top among African cities for ‘Best Quality Of Living’: Mercer’s Quality of Living ranking covers 215 cities and provides valuable comparative information on 10 indicators namely: political and social environment, medical and health considerations, public services and transport, consumer goods, economic environment, schools and education, recreation, housing, socio-cultural environment and natural environment.
Climate Protection Award 2009: Mauritius received the Climate Protection Award from the United States Environmental Protection Agency in April 2009 for its efforts in environment protection. The award recognises Mauritius’ efforts to accelerate the reduction of the emission of greenhouse gases as well as ensure the implementation of the Kyoto Protocol.
The Economist Intelligence Unit’s Index of Democracy 2008: Mauritius earns highest marks in democracy index for the African region. The Index provides valuable information to investors on the current state of democracy of 167 states worldwide. Mauritius ranks 26th out of 167 countries with an impressive overall score of 8.04.
Travel and Tourism Competitiveness Destination: Mauritius is one of Africa’s most competitive travel and tourist destination, according to the World Economic Forum’s Travel and Tourism Competitiveness rankings. Mauritius ranks 4th regionally and 40th globally. The WEF report measures the different regulatory and business-related issues that have been identified as levers for improving travel and tourism competitiveness in countries around the world.
Index of Economic Freedom: The Heritage Foundation and Wall Street Journal's index of economic freedom places it 18th out of 157 and 1st in Africa
A.T. Kearney’s Global Services Location Index (GSLI), a ranking of the most attractive offshoring destinations.
Mauritius is in the Top 25 of AT Kearney's Offshoring Index
The Ibrahim Index of African Governance run by Harvard University: Has declared Mauritius the best run out of 48 African countries.
Mauritius real estate
Acquisition of freehold residential luxury real estate in Mauritius by foreigners is now far more accessible; the abundant charms and balanced lifestyle on this beautiful island that could only be previously experienced on a holiday are now available.
Mauritius real estate market has weathered the global downturn far better than most international markets. Due to its increasing popularity with proven high visitor numbers throughout the year, combined with very low supply of luxury villas on the island, Mauritius continues to provide an attractive investment destination to overseas buyers. Indeed the first re-sales of IRS villas achieved double the original selling price.
Villas Valriche - located on the most naturally beautiful location on Mauritius
Situated on the south west coast near the world-famous Le Morne Heritage Site, and widely considered the most beautiful and unspoilt area on the island, Domaine de Bel Ombre celebrates its colonial history and sugar plantation heritage.
This estate, a former 10,400 hectare sugar cane plantation, still with its old Chateau, has retained an exceptional and unspoiled environment to explore.
Villas Valriche residence owners have direct access to the Valriche Nature Reserve, which besides its exceptional landscapes, shelters unique and protected fauna and flora. Sprawling over 2,500 hectares, Valriche is at an altitude of 400m above sea level and has a mixture of dry coastal forest and rain forest.
The exceptional nature of the views, the landscape of hills, plains and cascading waterfalls (the highest waterfall on the island is here and is 162m high), the amazing biodiversity of flora and fauna (stags are bred here) all contribute to an experience that is in harmony with nature. Mauritius is also famous for its game fishing, with the world’s largest marlins caught in the waters.
Only 40 minutes picturesque drive from the airport, Villas Valriche is set in over 200 hectares of lush, tropical landscaped grounds bordering the manicured Le Golf du Château championship course, overlooking a stunning lagoon and with the picturesque hills of the Valriche Nature Reserve behind.
Luxury villas with Spectacular Sea and Golf Views
There are over 22 variations of luxury plantation-style luxury villas to choose from in single and double storey configurations, offering 2-4 bedroom villas. The plots vary in size from 700 m2 to over 2,000 m2 and all have spectacular, uninterrupted panoramic golf course and sea views.
Finished to the highest quality by a team of skilled craftsmen, each villa offers premium brand fixtures and fittings, infinity pool, large veranda, air-conditioning and state-of-the-art communications. A wide selection of options and interior design packages is available, enabling owners to create a truly bespoke look and feel.
The villas are fully furnished and equipped and they offer free internet access and satellite TV channels as well as daily cleaning and 24-hour Concierge service. No other development on the island offers buyers as much choice and flexibility.
Unrivalled Range of Benefits to Buyers
The Integrated Resorts Scheme (IRS) allows foreigners to purchase freehold property in the few approved developments such as Villas Valriche, with the added attractions of automatic permanent residency for the owner and immediate dependents, 15% income tax, no capital gains tax and no inheritance tax.
For owners at Villas Valriche there is also an unrivalled range of benefits including access to Le Golf du Château, a championship golf course set against a spectacular backdrop. This magnificent 18-hole golf course, which covers 100 hectares, is the masterpiece of architect Peter Matkovich of Matkovich and Hayes, the world-renowned South African golf course design team. This course is certainly one of the most beautiful on the island with an amazing view over the lagoon to the south on one side and towards the hills of the Black River Gorges nature reserve on the other, giving players unique panoramic views at each hole.
The Golf du Château Championship Course at Bel Ombre, the Paradis Golf Course at Morne and the Tamarina Golf Course at Tamarina have signed a partnership deal that provides Villas Valriche residents with access to the 3 top golf courses in the south of the island, allowing golfers a great golfing experience full of varied challenges at some of the best courses on the island.
Privilege cards will be provided exclusively to property owners, automatically granting discounts of up to 20% on hotel facilities, including food and beverages, Spa services and retail outlets. This card will also be used as a charge card to create a cashless environment for total convenience.
Other attractions for owners at Villas Valriche include:
- Access to all estate facilities including the Championship golf course, the Residents’ Beach Club and the planned Sport & Racquets Centre.
- Privileged access to associated 5* hotels including two signature spas (Six Senses and Seven Colours), fully fitted fitness centres and 14 bars and restaurants offering poolside refreshments to fine dining.
- 5* beach amenities and boat house, offering a wide range of water sports and activities;
- 24-hour concierge services, including a butler and chef available on demand in your own villa, cleaning services, car hire, airport transfers and excursions;
- Easy transport around the estate via Shuttle service or in your villa’s private golf cart;
- In-villa spa treatments;
- A Teenagers Club is planned;
- Two kids’ clubs;
- Water spots activities
- A second championship golf course is planned on the adjacent land, making this a future world-class golfing destination
The appointed resort management company will offer to villa owners a wide range of individual villa services such as cleaning, laundry, provision stocking, room service, personal chef and butlers, baby sitting and airport transfers as required. They will also oversee estate administration, security services, swimming pool cleaning, villa garden and external maintenance, maintenance of common areas and waste disposal. They will also be responsible for the rental programme.
Existing hotel and golf facilities are fully operational.
Over private 100 villas are under construction, and handover of completed villas has started.
The price of a residential unit when sold under “vente en l’état futur d’achèvement” is payable in instalments as the work progresses, as follows:
- Upon signing of the deed of sale: 30% (NB freehold land is transferred to buyer at this stage)
- Upon completion of the foundation works: 5%
- Upon completion of roofed-in phase: 35%
- Upon completion: 25%
- Upon availability of premises: 5%
Financing is available of up to 70%.