Examples of Property Development Scheme in a sentence
Any person who intends to engage in activities regulated under the Invest Hotel Scheme, Property Development Scheme or Smart City Scheme shall apply to the Chief Executive Officer for an IHS certificate, a PDS certificate or an SCS certificate, as the case may be, in such form and manner as the Economic Development Board may approve.
Any company which is an investor may apply for registration under the Invest Hotel Scheme, Property Development Scheme or Smart City Scheme.
Each Holder as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the Issuers all information to be disclosed in order to make the information previously furnished to the Issuers by such Holder not materially misleading.
Since 2015, following an amendment to the Act, foreigners can acquire residential properties under the new Property Development Scheme (PDS), which replaced the Integrated Resort Scheme and the Real Estate Scheme.21 Under the PDS rules, foreigners can purchase certain types of properties over MUR 6 million (USD 172,000).
This can be explained by an increasingly growing number of construction projects across the island in addition to government introducing schemes such as the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the Property Development Scheme (PDS) and the Smart City scheme, lifestyle, good infrastructure, and economic stability.
Due to public discontent, the IRS and RES schemes were replaced by the Property Development Scheme (PDS) since June 2015, which will be further discussed in the paper.
These guidelines are based on provisions of the Investment Promotion Act 2000 and the Investment Promotion (Property Development Scheme) Regulations 2015 and are designed to provide information and assist in decision-making.
Les Salines project will consist of the development of 174 Arpents to be sold for residential purposes under the Property Development Scheme.
Overpayments Where an Employee is overpaid an amount of salary or other benefits, the overpayment will be recovered in accordance with the Fair Work Act and the Agency's Accountable Authority Instructions.
A plot of land of approximately 174 Arpents located at Les Salines, Black River, to be sold to Semaris and thereafter to Les Salines PDS Ltd at MUR2billion for the purpose of developing the ‘Imperia Golf Estate’ project under the Property Development Scheme (“PDS”) in partnership with Safran Landcorp.