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Cap Marina
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As we embark on a new era of urbanisation, the Smart City Scheme has emerged as a beacon of promise. This initiative aims to leverage digital technologies and data collection methods to enhance service delivery, improve infrastructure, and foster sustainable development in our urban areas.
A property investment within a Smart City in Mauritius is not just about owning a piece of real estate. It’s about being a part of a forward-thinking, sustainable, and technologically advanced ecosystem, promising a future-ready and holistic living experience.
What is the Smart City Scheme?
In 2015, the Mauritian government introduced the Smart City Scheme, a multifaceted property development initiative. This program seamlessly blends office, residential, commercial, educational, and medical spaces, along with leisure facilities. The core principles of the Smart City Scheme revolve around innovation, sustainability, efficiency, and enhancing the quality of life.
Why buying property within a Smart City is a good investment?
Investing in property within a Smart City in Mauritius presents a myriad of benefits that go beyond the conventional property investment perks. Here’s a comprehensive breakdown:
Residence Permit: A standout advantage of purchasing property within a Smart City is the immediate eligibility for a residence permit (buyer, spouse and children under 23). When you invest in a property valued at a minimum of USD 375,000 within the scheme, not only do you secure a beautiful home, but you also gain the right to reside in the picturesque island nation.
Advanced Mobility Solutions: Smart Cities in Mauritius prioritize modern and efficient transportation. With top-tier infrastructure, electric car charging stations, shuttles, and other advanced mobility solutions, commuting within the city becomes a seamless experience.
Integration of IoT and Smart Sensors: A distinct feature of Smart Cities is the extensive use of the Internet of Things (IoT) and advanced sensors. These tools monitor a broad spectrum of infrastructure and amenities – from wastewater management and traffic flow to air quality levels. This real-time monitoring ensures a safe, efficient, and high-quality living experience for the residents.
Flexibility in Property Reselling: Another strategic advantage of investing in a Smart City property is the ease of resale. Unlike some other property investments, a Smart City property can be resold to another foreigner, making it an attractive and flexible investment option.
Eco-Friendly Living: A Smart City is designed keeping the environment in mind. With measures in place to reduce emissions, properties within these cities are in alignment with international benchmarks for environmental impact. As global emphasis on sustainability grows, this aspect further enhances the value proposition of a Smart City property.
Embracing Technology in Smart City Scheme
The Smart City Scheme in Mauritius uses technology to improve service delivery and quality of life. Sensors gather data to assist decision-making, including in transportation services. Smart traffic flow management systems reduce congestion and improve travel times. Smart parking meters detect occupancy of a spot, helping to maximize the utilization of available car spaces in urban areas.
Mauritius’s approach provides valuable insights into how other cities worldwide might leverage similar strategies within their own borders. This is especially useful for cities with budget constraints seeking effective ways to maximise resource allocation without compromising service quality or sustainability objectives.
Not all Smart Cities boast the same amenities or features, but they are all aligned with the same vision and direction.
