Stay informed with this week’s PropertyCloud Update, featuring key stories and opportunities from across Mauritius’ real estate landscape.

In this edition, we take a closer look at the rise and fall of Evaco Ltd, once one of the country's most influential property developers. We also showcase La Réserve Balaclava, an exceptional seaside development on Mauritius’ sought-after northern coast, and share 10 essential questions every buyer should ask before making a property purchase.

Plus, discover our Property Selection of the Week, highlighting standout properties and investment opportunities currently available across the island.

In this week’s issue:

• Evaco Ltd: The Fall of a Mauritian Real Estate Giant

• La Reserve Balaclava, a seaside oasis set along Mauritius’ coveted northern coastline

• Looking to buy a property? Ask These 10 Questions Before You Buy

MARKET INSIGHTS

Evaco Ltd: The Fall of a Mauritian Real Estate Giant

Evaco Ltd, one of Mauritius's most prominent high-end real estate developers, was placed under receivership on May 28, 2026. The Stock Exchange of Mauritius suspended trading in its four classes of listed bonds from May 29 until further notice. Mushtaq Oosman and John Chung were appointed Joint Receivers and Managers to attempt a turnaround.
For an island economy where high-end property development is both an economic driver and a key pillar of foreign direct investment, the news landed hard. Evaco had been in business for 24 years. The company was founded in April 2002 by Arnaud Mayer and built its reputation on luxury PDS and IRS villas targeting South African and European buyers in northern Mauritius.

Read full story ⇨

NEW PROJECTS

La Reserve Balaclava

Imagine waking gently to the sound of waves just steps from your door. Welcome to La Réserve Balaclava, a seaside oasis set along Mauritius’ coveted northern coastline.

Your Private Beachfront Sanctuary: This exceptional residential development has been meticulously designed to provide the ultimate beachfront living experience. With the beach literally extending from your living room, you are anchored in nature taking in the timeless hues of endless horizons, echoing J.M.W. Turner’s masterpieces. La Réserve Balaclava offers an idyllic refuge where family and friends can gather to enjoy leisurely moments, while experiencing unparalleled Service and Luxury – the operator will be the 5-star Maritim Resort & Spa.

Discover the projects ⇨

PROPERTY LISTINGS

Thank you for reading!

We’ll be back with more updates next week.

The PropertyCloud team