Legal Questions

/Legal Questions

If I purchase a unit off-plan, how is my purchase secured?

The acquisition of a unit off-plan or during construction of the project is governed by the provisions of a ‘vente en l’etat future d’achevement’ (‘VEFA’), in accordance with the Mauritian Civil Code. The Promoter provides the Purchaser with a guarantee of future completion, Garantie Future d’Achevement (‘GFA’). This GFA is issued by a registered financial [...]

2018-02-19T12:52:26+00:00

Where will my deposit be held?

Your deposit will be held in an escrow account opened with a Mauritian registered financial institution or alternatively in the Notary’s trust account until the Deed of Sale is signed. Once the Deed of Sale is signed, the deposit is released to the Promoter as part of the selling price.

2018-03-14T17:06:19+00:00