Definition, MUR 6 million floor, residence at USD 375,000 and co-ownership checks.
Key points in 30 seconds
Building with at least two floors above ground.
Minimum price MUR 6 million.
Residence possible at USD 375,000.
The December 2024 85% MUR rule does not apply to G+2 according to the EDB FAQ.
The rule
G+2 allows a non-citizen, with the required prior approval, to buy an apartment in a building with at least two floors above ground. Contrary to a recurring claim, there is a price floor: the EDB states at least MUR 6 million or its equivalent.
Purchase and residence are separate
Between MUR 6 million and the USD 375,000 equivalent, an apartment may be purchasable without creating property-based residence. At USD 375,000 or more, an eligible G+2 apartment may support residence while ownership continues. The conversion and application must be validated at the deed date.
What qualifies the building
The floor count must be lawfully authorised and completed or sold under a valid off-plan structure. A plant room, mezzanine or irregular extension should not be assumed to qualify. Obtain permits, approved plans and EDB/notary confirmation.
Approval and finance
G+2 still requires prior approval. Unlike the schemes amended in December 2024, the EDB FAQ says it is not subject to the 85/15 rule, although source of funds remains controlled. The bank must accept the unit and timing.
Co-ownership
Review shares, budget, reserve, arrears, manager, insurance, lift, roof, façade, parking and short-let rules. A low-priced unit in an underfunded building may become expensive after works.
Resale and residence
A resale to a foreigner requires the unit and new buyer to remain eligible. If the seller’s permit depends on the apartment, coordinate sale and new status. The exit pool includes citizens and approved foreigners but liquidity varies by building.
Worked G+2 budget example
An apartment advertised at MUR 12 million clears the MUR 6 million acquisition floor but remains far below the USD 375,000 equivalent needed for property-linked residence. Where 10% buyer registration duty applies, it adds MUR 1.2 million, taking the starting budget to MUR 13.2 million before notary, banking, FX, furnishing and works. Keep three questions separate: is the apartment legally eligible, is the all-in budget affordable, and does the purchase qualify for residence?
Read the co-ownership file before the deed
Obtain the co-ownership rules, division schedule, meeting minutes, accounts, budget, reserve fund, arrears and approved works. Check permitted use, short lets, pets, parking, common areas and the allocation of charges. A building with an inadequate reserve may issue exceptional calls soon after purchase. For a new development, also establish when common areas were handed over and whether management has genuinely transferred from the developer.
Resale, letting and liquidity
G+2 opens an off-scheme apartment route but does not guarantee foreign demand or resale. Liquidity depends on price, location, building condition, charges and the next buyer’s ability to obtain approval. Before letting, confirm co-ownership rules, insurance, tax obligations and every permit relevant to short-stay operation. Rental assumptions should come from comparable leases or current evidence for the same unit type, rather than a broad area average.
A tropical-condition survey
Inspection should cover roof and façade waterproofing, drainage, damp, corrosion, water pressure, generator, lift, ventilation, air-conditioning and noise exposure. Visit after rain where possible and at different times. Reconcile the approved area, plan, title, parking and storage rather than relying on the listing alone. An independent technical survey is inexpensive compared with a defect affecting the entire building.
Benefits and limits
G+2 broadens choice beyond resorts and may reduce charges. It includes new and qualifying resale stock, but does not guarantee services, rental management or sound co-ownership. An older building may face lift costs, waterproofing, weak management or an inadequate reserve fund.
Enhanced due diligence
Check permits and lawful floor count, title and encumbrances, co-ownership rules, minutes, arrears, insurance, reserve fund, short-let restrictions, parking and unit conformity. Confirm approval before any non-refundable deposit. For VEFA, add completion security and the statutory payment schedule.
2026 cost
From 1 July 2026, a qualifying non-citizen G+2 acquisition bears 10% registration duty. A MUR 10 million apartment therefore produces MUR 1 million of duty before notary, bank, valuation and works. “Cheaper than PDS” must be tested on total cost.
Frequently asked questions
Does a ground-plus-one building qualify?
No. At least two floors above ground are required.
Can I buy below MUR 6 million?
Not through the G+2 route described by the EDB.
Does G+2 always create residence?
No. The qualifying purchase must reach USD 375,000.
Does the 85% rule apply?
No, according to the EDB FAQ on the December 2024 amendments.
Can I operate holiday rentals?
Only where building rules, approvals and operating requirements allow it.
Related MYKEYS guides
Buying Off-Plan in Mauritius: Understand VEFA Before You Sign
2026 Foreign Buyer’s Guide: How to Purchase Mauritian Property Legally
Browse property for sale in Mauritius | Contact MYKEYS
Sources
Government of Mauritius Non-Citizens (Property Restriction) Act, consolidated version
Economic Development Board Guidelines for acquisition of apartments and residence
Government of Mauritius Immigration Act 2022, consolidated version
Government of Mauritius Registration Duty Act, consolidated version
Government of Mauritius Land (Duties and Taxes) Act, consolidated version
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