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Indian Prime Minister Narendra Modi's visit to Mauritius has highlighted how India's massive infrastructure investments are reshaping the island's real estate and construction sectors. Over the past decade, India has poured nearly USD 1 billion into Mauritian construction projects, transforming the built environment across the island nation.
Modi and Mauritian Prime Minister, Navin Ramgoolam jointly inaugurated the India-funded Civil Services College in Reduit. This USD 4.75 million (MUR 214 million) property development adds significant value to Mauritius' educational real estate portfolio.
"For us, Mauritius is family," said Modi simply. Through video link, he then inaugurated 21 development projects. These included 20 community projects and a health center. Cost? Around ₹7 crores (MUR 315 million) according to India's External Affairs Ministry.
The investment figures are substantial. Since 2016, India has committed over USD 922 million (approximately MUR 41.5 billion) to Mauritian infrastructure and property development. This started with a USD 353 million package for five major projects. The Metro Express, Supreme Court Building, and ENT Hospital were among them.
In 2017 came another boost. A USD 500 million credit line funded ten more projects. These included further Metro development and social housing properties.
More recent is India's October 2024 contribution. Their first rupee-based credit line worth ₹487.60 crores (MUR 2.2 billion) will replace 100km of old water pipes, enhancing property values across multiple neighbourhoods.
Modi didn't stop there. During this visit, he announced new construction projects worth 500 million Mauritian rupees. Plans for a new Parliament building are also in the works. India’s Prime Minister called it "a gift from the Mother of Democracy."
The impact on Mauritius' construction landscape is visible throughout Port Louis. From courts to hospitals, India has helped build Mauritius' essential property infrastructure.
The relationship has now been upgraded to an "Enhanced Strategic Partnership" – a first for India with any neighbour. For real estate developers and property investors, this building boom shows no signs of slowing.
Photo: Defi-Media
