Property Development Scheme definition

Property Development Scheme means the Property Development Scheme prescribed under the repealed Investment Promotion Act and deemed to be prescribed under this Act;
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Property Development Scheme means the Property Development Scheme prescribed under the Economic Development Board Act 2017;
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Property Development Scheme means the Property Development Scheme prescribed under the Investment Promotion Act;
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Examples of Property Development Scheme in a sentence

  • 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).

  • It is notable that the Government has a policy of encouraging foreign ownership of residential land under the Property Development Scheme, which also gives a right to reside in Mauritius.

  • However, the Prime Minister's approval is not required in the following instances: • holding immovable property for commercial purposes under a lease agreement not exceeding 20 years.• purchase of residential units under the Invest Hotel Scheme, Property Development Scheme and Smart City Scheme.

  • Les Salines project will consist of the development of 174 Arpents to be sold for residential purposes under the Property Development Scheme (“PDS”).

  • A Property Development Scheme (PDS), which has replaced the IRS and RES, allows for the development of mixed residences and for their sale to non-citizens, citizens and members of the Mauritian Diaspora.

  • 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.

  • The processing fee payable on an application for acquisition of a property under the Property Development Scheme will be increased two-fold to Rs 20,000.

  • These guidelines are based on provisions of the Economic Development Board 2018 and the Economic Development Board (Property Development Scheme) Regulations 2015 and are designed to provide information and assist in decision-making.

  • Over the last 20 years, Mr. Mayer has developed & delivered more than 400 residential & commercial units (Sale & build model) on a total area of 431,000 sqm in North of Mauritius.Evaco buys land from local owners and develops high end residential projects under GoM approved schemes- Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the Property Development Scheme (PDS) mainly for foreigners and expats.

  • A Property Development Scheme (PDS), which has replaced the IRS and RES, allows for the development of mixed residences and for the sale to noncitizens, citizens and members of the Mauritian diaspora.

Related to Property Development Scheme

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria:

  • Development Consent means the consent granted to the Development Application for the Development and includes all modifications made under section 4.55 of the Act.

  • Cluster development means a contiguous cluster or

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Development Area means that area to which a development plan is applicable.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Temporary clean coal technology demonstration project means a clean coal technology demonstration project that is operated for a period of five years or less and that complies with the SIP and other requirements necessary to attain and maintain the national ambient air quality standards during the project and after the project is terminated.

  • Home improvement contract means an oral or written

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Clean coal technology demonstration project means a project using funds appropriated under the heading “Department of Energy—Clean Coal Technology,” up to a total amount of $2,500,000,000 for commercial demonstration of clean coal technology, or similar projects funded through appropriations for the Environmental Protection Agency. The federal contribution for a qualifying project shall be at least 20 percent of the total cost of the demonstration project.

  • Project Improvements means site improvements and facilities that are:

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Area Plan or “multiyear area plan” means a document, developed in accordance with the uniform area plan format and IAPI issued by the department, that is submitted to the department every four years, with annual updates, by an AAA in order to receive subgrants from the department’s grants.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Development Project means a project for the development of land within a project area.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features: