Mauritius | Infrastructure

November 23, 2012

Balise Marina Phase I

The work of the first phase of the Integrated Resort Scheme, La Balise Marina is scheduled for completion in December next. The Balise Marina IRS is a project unique to Mauritius, because it is the first and only residential marina on the island.

Gilbert Espitalier-Christmas, Chief Executive of ENL Properties announced that 48 of the 55 units have already been sold tag. However, he stressed that the realization of this project was difficult. For two main reasons, says Gilbert Espitalier-Christmas. One is the sling fishermen around resolutely against it, the other being the economic slowdown that has a direct impact on the market of the IRS (Integrated Resort Scheme).

The Balise Marina allows buyers to benefit not only the residence permit in Mauritius, but especially the rare opportunity to own a residence Maurice waterfront, freehold.

The development of residential and leisure luxury, integrated into its environment, is a land development project type IRS whose total value is estimated at Rs 4.7 billion (EUR 120 million), which covers an area 12.8 hectares.

It includes 113 luxury residences - 17 Villas and 96 through 450 m2 Duplex from 175 to 200 m2 - all waterfront and freehold, overlooking the canals, docks at the marina or estuary Grande River Noire. With direct access to the water, each residence has its own anchor. Open space, conducive to the modern lifestyle of the marina are in perfect harmony with the surrounding landscape.

The villas facing channels have anchor points at the foot of their property can accommodate boats up to 9 meters long. The villas facing the river for their part of the mooring points located Dock Orca and can accommodate boats up to 12 meters long.

Selling prices vary depending on the type of home, its location and its size. Duplexes cost between Rs 27 million and Rs 52 million. The villas vary between Rs 81 million and Rs 99 million.

Infrastructure works (Phase 0) began in November 2009 and the construction of residential units (villas and duplex) Phase 1 in March 2011. Delivery of Phase 1 comprising 55 residences and all infrastructures (canals, roads, marina, etc..) Is scheduled for December 2012. The common part of residents "Sunset" and the mall will be delivered in 2013.

The promoters of this project include the ENL Group, Investec Bank Mauritius and MCB Equity Fund.

 

 

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