Mauritius | Real Estate

February 06, 2014

Rs 450 Million for 258 NHDC Houses

The National Housing Development Company Ltd (NHDC) has initiated procedures for the construction of 258 houses, 83 Grand-Bois and nearby places, 73 Cité Chebel, 56 Cottage and 46 at Beau-Bois. The project cost is estimated at Rs 450 M. If all goes as planned, work will start in late March and will be completed before the end of the year.

Another similar project is also underway. It involves the construction of 225 houses on an area of 54 acres in Melrose, Mon-Goût, Petit-Bel-Air, Souillac, Surinam and Khoyratty. The government's objective is to enable 20,000 families earning less than Rs 10,000 per month to own a home. According to the plan developed by the Ministry of Housing, this goal will be achieved in ten years.

A budget of Rs 80 million is intended for the "Roof Slab Scheme". According to this bailout, a beneficiary may obtain a grant of up to Rs 65,000.

The grants are as follows:

  • (i) grant of Rs 60,000 for a for families whose monthly income does not exceed Rs 8500,
  • (ii) grant of Rs 60,000 for a second house for monthly income not exceeding Rs 8500,
  • (iii) grant of Rs 60,000 for the purchase of building materials for an area of 100m ² for income not exceeding Rs 5,000, and
  • (iv) grant of Rs 40,000 for the purchase of building materials for an area of 50m ² for income not exceeding Rs 5,000.

To date, 571 applications were referred to the social register. From this list, 300 applications were accepted and were transferred to NHDC for payment. The other cases are under investigation. From July 2014, the Ministry of Social Security will rise to scrutinize the applications for funding under the "Roof Slab Scheme". This is to ensure that the criteria are met and that there is no fraudulent cases. 

 

Text by Le Matinal
 

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