B U Y E R ’ S G U I D E

OVERVIEW OF PROJECT

Arokaria is a PDS (Property Development Scheme) registered with Economic Development Board (EDB) Mauritius and

licensed to sell to foreigners. Comprising of 9 luxury villas, the project is located within a privileged, sought after

neighbourhood at the edge of the 100 hectares Daruty Forest, providing owners with a private, gated environment that enjoys 24hr security, access to a smart agriculture aponics farm and a

host of managed services and facilities.

On the doorstep of the forest, owners can enjoy the seclusion and tranquility, discover endemic species on curated nature

walks, use the pathways for bike rides or exercise, whilst being just 5 minutes drive from the beach and the conveniences of Grand Baie, not to mention leading international schools and

local attractions.

INFORMATION

RESIDENCYForeign homeowners are eligible to a Mauritian residence permit upon the acquisition of a real estate property of at least USD 500,000, falling under the IRS, RES, PDS or SCS legal frameworks. Which opens the door to living, working and starting as business in the country, under certain conditions. This permit is also issued to the spouse or common law partner of the owner and dependent children under 24 years.

PRICES STARTING FROM €860,000*

*(Prices subject to change and availability)

SALES TEAM(+230) 59878682 / brett@liaisonpo.com

Please note that we have offices located in London, Paris, Dubai & Johannesburg, so should you wish to talk with someone local, please ask.

WEBSITEarokariavillas.com

PROPERTY LOCATION Dispensary Road, Daruty Forest

RESIDENCE DETAILS 3 x 3bed (type 1) Plots: 670 – 700m2 Covered living: 250m2

4 x 4bed (type 2) Plots: 850 – 910m2 Covered living: 320m2

2 x 4bed (type 3) Plots: 1065 – 1120m2 Covered living: 381m2

KEY INFORMATION• Owned by the Pitot family

• Developed by the highly experienced team at Emerge

• Spectacular landscaping by Greenscaff

• Architecture by Marc Ritter

• Interior design concepts by HPA

• Property management & concierge services by Luxury Ocean Vacation (innlov.com)

• Sales & Marketing by Liaison Group

• 9 bespoke luxury villas + a pioneering aquaponics smart farm within a secure, gated enclave

• Located in an area of outstanding nature beauty within a 100 hectares forest

• Situated 5 minutes from the beach & Grand Baie

CONCIERGE SERVICESThe concierge team at LOV will provide an experienced team 24/7 to provide owners with services at the push of a button

• Housekeeping services

• Personal fitness training

• Boat / yacht charter

• Grocery shopping

• Golf tee-time reservations

• Fresh fish & vegetables delivery from our aquaponics farm

• Event, party planning and catering service

• Grocery shopping and fridge stocking

• Private chef for dinner parties or cooking lessons

• BBQ beach dinners for family and friends

• Massages & spa treatments in your own home

• Water sports, excursions & adventures across the island

• Car rental, transfers and chauffeur drive

• Babysitters, nannies and other staff solutions as necessary

• BBQ gas delivery service

PROPERTY MANAGEMENT & SYNDICProperty management services, covered by a monthly fee payable by each owner will include:

• Estate administration

• Maintenance and landscaping of all common areas & facilities

• Security & waste disposal

TECHNICAL, FITTINGS & FINISHESBUILDING WORKS

Structure Reinforced concrete frame structure and block walls lining.

Substructure Isolated pad and strip footing to structural engineer requirements.

Concrete Work Conventional reinforced concrete columns, beams, slabs and staircase.

Walls Generally 200/150 mm thick block wall and 100mm thick block wall for non- structural internal walls dividing walls between units to be 200mm infill block wall.

Openings• Powder coated aluminum windows and doors

with clear laminated glazing

• Solid timber entrance doors

• Semi solid painted or timber internal doors

External wall finishes Smooth or textured render finish to walls and anti fungus paint.

Internal finishes• Wall finishes generally smooth render and washable

emulsion paint

• Ceramic tiles to walls in showers

• Tiled or wooden skirting to interiors

Floor finishes• Ceramic tiles to internal floors

• External grade anti-slip ceramic tiles on veranda floors and timber decking in designated areas

Ceiling finishes• Generally render and non-washable emulsion paint

to soffit of slabs

• Selected slab areas to be off-shutter concrete finish with clear sealer as per architect and ID recommendation

SERVICES Electrical Installation • Concealed power & lighting conduit installations

throughout including standard accessories

• Lighting points including ceiling points

• Switched socket outlets in all areas English and French type where required

Sanitary Appliances and Accessories • Sanitary wares to architect’s selection

• Tap ware to architect’s selection

Plumbing Installations Hot and cold water installations to kitchen and bathrooms.

Air Conditioning and Ventilation Installations Split type air-con units in all bedrooms, living and dining will be optional

Communication System • Telephone points will be provided

• Wire and sockets outlets to all bedrooms and living room – fiber optic cabling to one point

• TV points in master bedroom and living room – optional in secondary bedrooms

Kitchen Equipment • Built in cupboards with Quartz work top

• All appliances will be available separately as an option and can be purchased at a later stage during construction

EXTERNAL WORKS Driveway and External parking • Mixture of asphalt, paving and concrete for access

road and parking

• Footpath in concrete or pavers

Landscaping Garden will be planted with tropical palms, land shrubs and trees.

Swimming Pool Concrete swimming pool with tile finish.

ADDITIONAL FACILITIES Security Main entrance located near to security post.

WHY MAURITIUS

This island of 1.3m people has the highest GDP in Africa. Increasingly regarded as the gateway to Africa, Mauritius is a safe and well-regulated platform for investors, offering numerous fiscal benefits and lifestyle advantages.

A multi-ethnic and peaceful society, fostered by good governance and political stability has contributed to a burgeoning tourism industry and a dynamic investment destination.

A country full of diversity and history, Mauritius is abundant in culture and Jurassic in nature. Approx. 2000km from

the east coast of Africa, it covers 1,860 km2 and possesses 177 km of coastline with white sandy beaches and crystal lagoons. It is also home to the 3rd largest coral reef in the world, beyond which you can find remote islands and hidden coves.

Within, you will find mountains to climb, gorges to traverse and waterfalls to admire, plus activities for the whole family. In the capital Port Louis, you’ll find the 2nd oldest horse-racing track in the world.

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FREEHOLD OWNERSHIP AVAILABLE TO FOREIGN INVESTORS

POLITICAL STABILITY AND MORE THAN 3 DECADES OF SUSTAINED

ECONOMIC GROWTH

VOTED MOST BUSINESS FRIENDLY COUNTRY IN AFRICA

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RESIDENCY AVAILABLE WHEN INVESTING $500,000 IN REGISTERED

SCHEMES

FREE & FAIR ELECTIONS WITH REFERENDUMS HELD EVERY 5 YEARS

RANKED 15TH OUT OF 186 FOR ECONOMIC FREEDOM BY THE

WORLD BANK

01 02 03RATED BY THE GLOBAL PEACE INDEX

2016 AS THE MOST PEACEFUL COUNTRY IN AFRICA AND 24TH IN THE

WORLD

SECURE INVESTMENT LOCATION WITH AN ESTABLISHED RULE OF LAW

DIRECT DAILY FLIGHTS FROM AUSTRALIA, EUROPE, ASIA, SOUTH

AFRICA & DUBAI

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FLEXIBLE BILINGUAL FRENCH & ENGLISH

MOST TECHNOLOGY ADVANCED COUNTRY IN AFRICA

0% TAX ON CAPITAL GAINS, INHERITANCE AND DIVIDEND PAYMENTS

add why arokaria

WHY AROKARIA

01DEVELOPED BY A HIGHLY

EXPERIENCED AND QUALIFIED TEAM

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A UNIQUE AND SOUGHT AFTER LOCATION

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MOMENTS FROM THE ISLAND’S LEADING

INTERNATIONAL SCHOOLS

BESPOKE DESIGN SERVICE

PRIVACY & SECLUSION AFFORDED TO OWNERS

24/7 CONCIERGE SERVICE AT THE TOUCH OF A BUTTON

PRIVILEDGED BEACH ACCESS

AUTOMATICRESIDENCY

JUST 5 MINS FROM THE OCEAN AND THE CONVENIENCES

OF GRAND BAIE

OUTSTANDING ARCHITECTURE AND SUPERIOR FINISHES

WHO IS THEDEVELOPER

WHO IS THEARCHITECT

The project is fully owned by the Pitot family, which holds shares in various companies in the hotel and tourism industry in Mauritius, including the

Attitude brand of hotels, which they also manage and operate.

The project developer is Emerge Development and Project Management Ltd, a company with seasoned experience in the residential and leisure sector on the island. Headed by Dylan Bodenstein. Emerge has built its reputation on the strength of its founder’s extensive industry track record on the island.

The design of these beautiful homes has been led by celebrated architect Marc Ritter, who, whilst born in France has significant Indian Ocean

experience and a passion for this paradise island. Inspired by the verdant surrounds, he has created a design that complements the island climate and

the location’s collaboration with nature.

High ceilings and wide-open spaces effortlessly merge inside and exterior living areas, creating dynamic entertaining spaces, whilst aligning with the

practicalities of everyday usage. Private nooks and intimate corners provide areas in which to escape and retreat.

FAQS

WILL THERE BE A WARRANTY PROVIDED ON THE PROPERTIES? At the time of delivery of the residential property, The Forest Development (TFD) will provide a property damage insurance policy in favour of the buyer/new owner to guarantee for a period of one year from the delivery of the residential property, the payment of compensation for any property damage due to execution faults or defects which affect the finish works or elements.

TFD will also provide:(i) a property damage insurance policy in favour of eventual or subsequent buyers to guarantee, for a period of 2 years from the date of delivery of the residential property to the purchaser, the payment of compensation for any property damage resulting from faults or defects in non-structural elements or services resulting in the non-compliance with the requirements of a deed of sale in respect of a residential property; and

(ii) a property damage insurance policy in favour of eventual or subsequent buyers to guarantee, for a period of 10 years from the date of delivery of a residential unit to the purchaser, the payment of compensation for any property damage caused to a residential building by faults or defects originating in or affecting the structural elements including the foundation, supports, beams, framework, load-bearing walls, or other structural elements and which could directly jeopardise the building’s structural soundness and stability.

DO THE UNITS COME FURNISHED?The units do not come furnished, however, we have a talented interior design team involved with the project, who have designed a furniture pack to suit the villas. They can be introduced in request and remain available to create a look and feel tailored to your needs and style. Owners are also welcome to use their own designers and to chose their own furnishings.

WHAT IS THE SYNDIC FEE FOR THE PROJECTFor the services outlined in page 4, the fee will be approx. Rs 10,000 per month.

ARE THE PROPERTIES SOLD AS FREEHOLD OR LEASEHOLD TITLE?All properties being sold are freehold.

WHAT ARE SOME OF THE TAX BENEFITS OF LIVING IN MAURITIUS?Mauritius is recognised as one of the best administered economies in Africa and offers an ideal environment in which to invest, live and do business. Corporate tax is set at 15% and tax residents in Mauritius are also subject to a flat rate of 15% on income earned on the island.

Furthermore, there is no inheritance tax, no capital gains tax, tax-free dividends, bank interest and free repatriation of profits, dividends and capital.

Double Taxation Agreements have been concluded with 34 countries, including France, South Africa, the United Kingdom, India and China. Similar tax agreements with 7 other countries are awaiting ratification. Further details are available on request.

WHO CAN I RELY ON FOR FINANCIAL AND LEGAL STRUCTURING OF MY PURCHASE?Mauritius has plenty of highly reputable firms in the financial services sector and we would be happy to make recommendations upon request.

DO I AUTOMATICALLY QUALIFY FOR A RESIDENCE PERMIT?Yes. Upon signature of the Deed of Sale you may apply for your residence permit, as all properties meet with the minimum investment level of USD 500,000, necessary to qualify. Residency is then granted on the basis of meeting all regulatory requirements.

WHAT IS THE PROCESS OF BUYING A PROPERTY?1. The Purchaser and the Promoter sign a contract of

preliminary reservation (‘CRP’).

2. At the point of signing the CRP, 10% of the selling price is required as an initial deposit.

3. Once the Promoter has advised the Purchaser that all permits have been granted for construction and that all financial, legal and technical requirements are in place, a Deed of Sale is signed. A Deed of Sale is the document to confirm the transfer of ownership from the Promoter to the Purchaser. Once you sign the Deed of Sale you are the registered owner of the unit and are entitled to immediately apply for a residence permit, on the basis that the property value exceeds $500,000.

4. The Purchaser will make staged payments in line with the government implemented VEFA programme. During this time, a ‘call of funds’ will be sent to the owner at each stage of the construction process, with confirmation from the project architect that the works required have been completed (Proof of Works).

The process will continue until all payment have been made and handover is completed. The payment schedule is as follows:

• 10% upon signing the CRP (held in escrow)

• 15% upon obtention of the BLUP

• 5% upon signature of the deed of sales

• 5% upon completion of the foundations (TOTAL: 35% on foundation allowed)

• 15% upon completion of the ground floor slab

• 20% upon completion of the roof (‘mise hors d’eau’)(TOTAL: 70% on mise hors d’eau allowed)

• 10% upon complete installation of all openings (doors, windows, transoms) and glazing

• 10% upon completion of plastering and laying of tiles

• 5% upon completion of the villa

• 5% upon the premises being made available

BY PURCHASING 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’Achévement (‘GFA’).

The GFA will be issued by Mauritius Commercial Bank, and is a guarantee 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.

IS IT POSSIBLE TO OBTAIN A MORTGAGE? Mauritius Commercial Bank Ltd (MCB) is willing to finance up to 60% of the purchase price, with an Interest Rate of LIBOR + 5%. We can make the necessary introductions to help you move discussions forward, if you do not have your own contacts.

ARE THERE OTHER FEES PAYABLE IN ADDITION TO THE PURCHASE PRICE? Yes.

1. PDS registration fees payable to Government of Mauritius – 5%

2. EDB application fee – MUR 20,000

3. Notary fee

The notary fees are currently calculated on a sliding scale as follows:

• 2% on the first MUR 250,000, subject to a minimum charge of MUR 1,000

• 1.5% on the next MUR 500,000

• 1% on the next MUR 1,000,000

• 0.5% on the remainder of the selling price

VAT is also payable on the notary fee

WHERE WILL MY DEPOSIT BE HELD? Your deposit will be held 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.

For more details please contact the team at Liaison Private Office on +230 59878682 // brett@liaisonpo.com

arokariavillas.com