❓ What is a GFA in Mauritius?
GFA stands for "Garantie Financière d'Achèvement", or Financial Guarantee of Completion—a key protection for buyers of off-plan (new build) properties in Mauritius.
🛡️ What does a GFA do?
A GFA is a legal guarantee issued by a bank that ensures the buyer will receive the completed property as per the terms of the contract, even if the developer defaults or goes bankrupt.
✅ Why it matters:
- Protects your investment
- Provides peace of mind when buying off-plan
- Encourages quality and accountability in real estate development
- Required for PDS (Property Development Scheme) projects approved by the Economic Development Board (EDB)
🏗️ How it works:
- The developer secures a GFA from a local bank before launching sales.
- Buyers sign a VEFA contract (sale in future state of completion).
- If the developer is unable to complete the project, the bank steps in to fund completion or reimburse buyers as stipulated in the contract.
🔒 Added Confidence:
The GFA is one of the strongest buyer protections available in Mauritius and is required by law for approved developments. It ensures that your money is never at risk without a safeguard in place.
Thinking of buying off-plan in Mauritius?
Harcourts Offshore works only with trusted developers who provide a valid GFA—so you can invest with confidence.
