The Integrated Resort Scheme Guidelines

Board of Investment Integrated Resort Scheme Guidelines (Dec 2007, Wayback copy): scheme description, buyer eligibility, USD 500,000 minimum (excluding taxes) per residential property, IRS certificate stages for developers (12-month letter of approval, Rs 100,000 bank guarantees per unit, MUR 200,000 per unit social contribution, at least 25% on training), sale contracts and VEFA payment stages (25/10/35/25/5%), buyer application (Rs 10,000 processing fee, escrow, at most 5% reservation deposit, documents incl. 3-month morality certificate, dependants under 18), residence permit on registration and USD 70,000 fixed duty, residence while the property is held, rental, resale (no minimum price, 30 days' notice, Rs 10,000 fee), duty tables (resale: USD 50,000 land transfer tax for seller, USD 70,000 registration duty for buyer), application forms. Already in data: USD 500,000, USD 70,000 first-sale duty, residence-permit rule. This pass added 8 rules: processing fee (first sale and resale), resale duty and seller tax, reservation deposit cap, resale notice period, dependant child age, morality certificate age. Developer-side figures (bank guarantees, social contribution, company taxes, letter of approval validity) and the civil-code payment schedule are not recorded as they bind the developer, not the investor.