Sub-sector     : Retirement Housing
Project Value : USD 120 mn

Project Description

In the 2021 budget, Economic Development Board (EDB) of Mauritius set up a special desk aiming to attract at least 50,000 foreign retirees in Mauritius. Accordingly, Employees Real Estate Investment Trust of Mauritius (ERIT) decided to use an appropriate parcel from its land bank for development of an integrated “International Retirement city (IRC)” project.

Services Provided

The team was involved in early-stage project development services comprising the following:

• • Review of legal & regulatory framework
  • Review of existing and up-coming projects targeting retirees
  • Market demand assessment for the proposed development
  • Site assessment and assessment of infrastructure development requirements
  • Conceptual architectural plans, space planning layouts, infrastructure components, and other facilities required
  • Assessment of financial viability and development of Business Plan