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

/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 institution in Mauritius and is a guarantee from the financial institution that the unit you have purchased will be completed and delivered to you in accordance with the project specifications and drawings.
The GFA is issued to you simultaneously with your signature of the Deed of Sale.

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