Luxury Indian Ocean LUXURY MAURITIUS No 5 EDITION 2018 | Page 79

INVEST
Tout faire à pied, comme aux allées d’Helvetia.
Everything is within reach, like at Les Allées d’Helvétia.
Le nouveau siège de PwC, dans le futur centre d’affaires de Telfair.
The new PwC headquarters in the future business district of Telfair.
The Government of Mauritius has launched in 2015 the Smart City
Scheme to promote the emergence of new urban spaces across the island.
This programme emphasizes quality developments that are well thought
out, responsible and connected, with modern and well-diversified
infrastructure.
Investment in a smart city in Mauritius is an investment in an
international-standard urban development that provides a number of tax
benefits.
Mauritius is a highly appealing investment destination with one of
the fastest growing economies in Africa. The island offers attractive
investment opportunities in the likes of the Moka Smart City. Foreigners
now have access to residential property ownership in the heart of the
island from USD 150 000 and may set up office in the area. The properties
are available to purchase on a freehold basis without any restrictions on
rental or resale.
A VISION IN ACTION SINCE MANY YEARS
The smart city development is integrated within an ongoing
development process which aims at making optimal use of resources,
creating economic opportunities, citizen engagement and a better quality
of life in the region. This initiative is carried out by ENL, a leader in
the Mauritian property market and the country’s third largest business
organisation in terms of assets. A listed company on the Stock Exchange
of Mauritius, the Group plays an influential role in the local economy
with a diversified portfolio of business activities.
Development started almost 10 years ago in Moka, which has been
MOKA CITY LTD Contact p.140
through a transition from a traditionally agriculture-based economy
to one of the island’s fastest growing regions. Various facilities have
emerged, including schools and universities, shopping malls, business
hubs, private health services, modern residential neighbourhoods and
leisure and sports centres. The tangible change experienced by Moka
has translated into an excellent return on investment: the value of land
has increased threefold over the last ten years and the rental yield for
residential property is around 6%.
Moka is not only a very well-equipped city but also a convenient and
pleasant place to live. It enjoys a central and easily accessible location
between the country’s two motorways and in close proximity to the
major urban areas. “Live. Work. Play” is the motto of Moka, which
aims to provide a single place for all the necessary ingredients to live a
rewarding and fulfilling life. In addition, the mild climate of the region
strikes the right balance between the cool temperatures prevailing in the
upper parts of the island and the very warm weather in coastal areas.
Moka is not just a great place to live but also to do business, situated just
minutes away from Ebène and the capital, Port Louis. The Moka Smart
City is at the very heart of the main population centre, which presents a
significant opportunity for business operators with 70% of the purchasing
power on the island. The smart city also promotes entrepreneurship,
development and investment as exemplified by the Turbine (a start-up
incubator and co-working space) and the establishment of the new PwC
headquarters in the central business district of Telfair.
Moka continues to grow and develop in a responsible manner in line
with the principles of integrated urban development. A host of projects
will open up new opportunities for development and investment.
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