Real estate: Fancy a pad in paradise?

Mauritius is putting the rich first when it comes to expanding the tourism and hospitality sectors in a strategy that focuses on exclusivity.But to offset criticism in a country where the gross domestic product per capita is below $7,000, the government is also promoting training and social programmes with the help of international developers to provide more than just low-grade work.To boost international real estate interest, there is the integrated resort scheme (IRS), allowing foreigners to obtain residency if they spend a minimum $500,000 on a property at several developments under way across the island. Incentives are also offered to encourage construction in sectors including offices to hospitals to biotech.

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