1. Could you start by introducing Mirasi Group and its strategic focus on real estate development, retail management, and investment in Mauritius and Madagascar?
Mirasi Group is an emerging multidisciplinary real estate and investment platform headquartered in Mauritius, with a strategic presence in Madagascar and an expansion plan towards East Africa. Built on a 40-year entrepreneurial legacy, the Group today focuses on high-value real estate development, retail and asset management, and long-term investment strategies that shape future-ready urban ecosystems.
Mirasi Group has evolved from a family business into a modern, innovation-driven organisation that integrates residential, hospitality, mixed-use commercial developments, and retail operations under one cohesive vision. The Group owns and operates La City Trianon, one of Mauritius’ iconic commercial destinations, and is actively expanding its mixed-use portfolio through landmark projects such as Mirasi Tower (Antananarivo), OryView Residence (Mauritius), and a network of residential and hospitality developments.
With deep expertise in retail management, Mirasi Group oversees leasing, tenant relations, marketing strategy, and operational excellence across its assets, ensuring resilience and sustained value creation. At the same time, the Group invests in strategic, long-term opportunities across real estate, hospitality, Africa-focused ventures, and global financial markets, aligning with its ambition to become a pan-African disruptor in property development.
Rooted in strong governance and family values, Mirasi Group blends local understanding with international partnerships, including collaborations with global hospitality brands and regional investors, to drive socio-economic impact, job creation, and smart urban growth across the Indian Ocean region.
2. Mauritius has been a growing hub for real estate and urban development. How is Mirasi Group contributing to transforming urban spaces and enhancing community life on the island?
Mauritius is rapidly evolving into a regional hub for real estate, hospitality, and modern urban development. Mirasi Group is actively contributing to this transformation by designing and delivering integrated urban ecosystems that elevate everyday living, strengthen communities, and create long-term economic value for the island.
- Building Future-Ready Urban Environments
At the heart of Mirasi Group’s strategy is the belief that real estate should enhance the way people live, work, and engage with their surroundings. The Group’s flagship asset, La City Trianon, is undergoing a major evolution, expanding from a traditional shopping centre into a modern lifestyle destination combining retail, entertainment, wellness, dining, workspaces, and hospitality.
This redevelopment focuses on creating vibrant community hubs that prioritise walkability, connectivity, sustainability, and curated experiences for families, residents, and professionals.
- Introducing New Commercial & Hospitality Infrastructure
Mirasi Group is also reshaping Mauritius’ commercial and business landscape through new-generation mixed-use developments. Among these, the Group is planning a Business Hotel connected to La City Trianon, designed to serve corporate travellers, regional professionals, and the growing demand from the hospitality sector.
The hotel will integrate seamlessly with retail and office components, strengthening Trianon as a central urban node and supporting Mauritius’ ambition to become a leading regional business destination.
- Building Mauritius’ Next Wave of Residential Excellence
In residential development, Mirasi Group is setting new benchmarks through projects such as the OryView Residence, a premium 30-unit VEFA development combining architectural elegance with practical luxury. The Group’s residential pipeline, ranging from high-end apartments to villas, reflects a commitment to creating communities that blend comfort, modernity, and natural surroundings.
- Long-Term Vision: A Collection of Signature Resorts Across the Island
Looking ahead, Mirasi Group aims to position Mauritius as a standout destination for eco-luxury tourism. The Group has several resort developments in the long-term pipeline, including conceptual eco-wellness properties and boutique hospitality projects designed to complement the island’s natural beauty.
These future resorts will champion sustainability, local culture, and immersive experiences, strengthening Mauritius’ global appeal and contributing meaningfully to its hospitality industry.
3. Your real estate portfolio spans both commercial and residential properties. What trends are shaping demand in Mauritius, and how is the group adapting to meet evolving market needs?
Mauritius is experiencing a dynamic shift in both the commercial and residential property markets, driven by changing lifestyles, new consumer expectations, and growing international interest. Mirasi Group closely monitors these trends to ensure its developments remain future-proof, competitive, and aligned with the island’s long-term evolution.
1. Rise of Integrated Lifestyle Destinations
One of the strongest trends is the demand for mixed-use environments, spaces that combine retail, residential, entertainment, wellness, and hospitality under one ecosystem.
As people seek convenience and curated experiences, Mirasi Group is transforming La City Trianon into a modern lifestyle destination that blends shopping, business, leisure, and community engagement.
This integrated approach is becoming a benchmark for next-generation urban living in Mauritius.
2. Growing Demand for Quality Apartments & Modern Residences
On the residential side, Mauritians and expatriates are increasingly favouring well-designed, secure, and amenity-rich living spaces.
Mirasi Group’s OryView Residence is built around this trend—offering premium apartments with thoughtful architecture, natural integration, and elevated living standards.
Similarly, the Group’s upcoming villas and apartment developments focus on:
3. Strenghening of the Business Travel & Corporate Market
Mauritius continues to build its reputation as a regional business hub. With rising demand for professional accommodation, Mirasi Group is integrating a Business Hotel into its commercial ecosystem at La City.
This meets the increasing need for:
The hotel will also strengthen Trianon’s position as a central business district.
4. Shift Toward Sustainability & Wellness-Oriented Living
Homebuyers and investors are increasingly prioritising sustainability, green spaces, and wellness-driven environments.
Mirasi Group is incorporating these values through design, construction methods, and long-term operational plans—ensuring each project contributes positively to community wellbeing.
This ethos also extends to the Group’s future resort developments, which are envisioned as eco-luxury destinations that showcase Mauritius’ natural beauty while promoting responsible tourism.
5. Rising Interest From International Buyers
Mauritius continues to attract global investors seeking stability, lifestyle, and residency options. Mirasi Group’s developments, particularly mixed-use and residential projects, are tailored to meet this sophisticated global demand, balancing luxury with value and long-term returns.
4. La City Trianon is one of your flagship retail properties. How do you ensure it continues to offer a dynamic and attractive lifestyle and shopping experience for Mauritian consumers?
La City Trianon is one of Mauritius’ most established retail destinations, and Mirasi Group is committed to ensuring it remains dynamic, relevant, and competitive in a rapidly evolving consumer environment. Our strategy focuses on transforming La City into a next-generation lifestyle hub that blends retail, entertainment, wellness, and hospitality.
1. Curating a Modern and Experiential Retail Mix
We continuously refine our tenant mix to introduce fresh concepts and elevate the consumer journey. Our leasing strategy includes:
This ensures La City evolves with market expectations and remains a preferred destination for Mauritian shoppers.
2. Integrating Hospitality Through Partnership With Marriott International
One of the most significant steps in La City’s evolution is the introduction of a Business Hotel in partnership with Marriott International, one of the world’s leading hospitality groups.
This development will strengthen La City’s positioning as a central business and lifestyle hub by:
This collaboration reflects Mirasi Group’s commitment to world-class standards and long-term value creation for the destination.
3. Reimagining the Customer Experience
We are investing heavily in infrastructure upgrades to create a modern, welcoming environment:
Every improvement aims to elevate comfort, efficiency, and the emotional connection visitors have with La City.
4. Expanding Into a Full Lifestyle Ecosystem
La City is evolving beyond retail to incorporate:
This multi-layered ecosystem increases dwell time and positions La City as a central node for the community.
5. Strengthening Community Engagement
A strong events calendar continues to be part of La City’s DNA. We host year-round activities, pop-ups, cultural celebrations, and brand activations that reinforce La City as a lively community centre—not just a shopping venue.
6. A Sustainable, Future-Proof Vision
Our long-term redevelopment plan incorporates:
We are designing La City with the next 20 years in mind, ensuring it remains an essential destination for consumers, brands, and investors.
5. Sustainability and ESG considerations are increasingly important in property development. How is Mirasi Group integrating green practices and responsible development into its projects?
Sustainability is central to Mirasi Group’s development strategy. Across Mauritius and Madagascar, we integrate ESG principles from design to operation.
We focus on:
Our upcoming hospitality projects, including the future Marriott-affiliated Business Hotel and long-term resort pipeline—are being developed with clear sustainability targets to ensure long-term resilience and community benefit.
For Mirasi Group, ESG is part of building smarter cities and creating value that lasts.
6. With Mauritius strategically positioned as a regional investment hub, what opportunities do you see for collaboration with UAE and Gulf-based investors in real estate and retail?
Mauritius offers a stable, business-friendly environment with strong connectivity to Africa and Asia, making it an attractive gateway for GCC investors. At Mirasi Group, we see significant opportunities for partnerships with UAE and Gulf-based investors across several sectors.
1. Mixed-Use Developments & Urban Regeneration
Our flagship projects, such as the redevelopment of La City Trianon and upcoming mixed-use schemes, offer opportunities for equity partnerships, joint ventures, and co-investments with Gulf family offices and institutional investors seeking long-term, stable returns.
2. Hospitality & Resorts
With our Business Hotel (in collaboration with Marriott International) and multiple resort developments in the pipeline, we are actively exploring partnerships with Gulf investors who have strong experience in hospitality, luxury brands, and tourism assets.
3. Residential Investment Opportunities
Mauritius continues to attract international buyers, including GCC residents. Our premium residential projects, such as OryView Residence and our upcoming villa developments, offer strong investment potential through rental yields, capital appreciation, and VEFA structures.
4. East Africa Expansion Via Mauritius
As we expand in Madagascar and prepare for East Africa, Mauritius serves as our strategic base. This creates opportunities for Gulf investors to leverage:
all supported by Mirasi Group’s regional expertise.
5. Retail & Lifestyle Destinations
With the transformation of La City into a next-generation lifestyle and entertainment destination, we welcome GCC partners experienced in retail, F&B, wellness, and entertainment concepts looking to enter the Mauritian market.
7. Digital transformation is reshaping retail and property management. How is Mirasi Group leveraging technology to enhance operational efficiency and customer experience?
Technology plays a central role in how we operate and how we enhance the experience within our properties. At Mirasi Group, digital transformation is integrated across three core areas: operations, customer experience, and strategic decision-making.
1. Smarter Retail & Mall Management
We are implementing digital solutions to improve efficiency at La City Trianon, including:
These tools help us optimise leasing strategies, improve circulation, and ensure a seamless daily operation.
2. Enhanced Customer Experience
We are strengthening engagement through:
This allows us to offer a more personalised and convenient lifestyle experience.
3. Technology-Enabled Property Development
Across our residential and hospitality pipeline, including the upcoming Marriott-affiliated Business Hotel, we are integrating:
These innovations not only improve efficiency but also support our sustainability goals.
8. Looking ahead, what are your plans for expanding Mirasi Group’s presence in Madagascar and other regional markets while maintaining focus on Mauritius?
Looking ahead, our strategy is to scale Mirasi Group across the Indian Ocean and East Africa while keeping Mauritius as our operational and strategic base.
1. Strengthening Our Presence in Madagascar
Madagascar is a key growth market for us. We are moving forward with:
Our goal is to contribute to modernising Antananarivo with developments that bring international standards while supporting local economic growth.
2. Expanding Regionally Through Mauritius
Mauritius remains our headquarters and the foundation of our long-term strategy. From here, we are preparing a structured expansion into East Africa, focusing on high-growth cities in:
Our model is partnership-driven: connecting landowners, investors, and brands through a capital-efficient development platform.
3. Continuing Strong Investment in Mauritius
Despite our regional ambitions, Mauritius remains our priority market. Major projects such as:
reflect our commitment to shaping the island’s urban, residential, and hospitality landscape.
4. A Balanced, Long-Term Growth Strategy
Our expansion is built on three principles:
By maintaining Mauritius as our strategic anchor while expanding thoughtfully into Madagascar and East Africa, we are positioning Mirasi Group as a regional leader in integrated real estate and hospitality development.
9. Finally, what message would you like to share with Khaleej Times readers about the investment potential in Mauritius’s real estate and retail sectors and Mirasi Group’s vision for the future?
Mauritius today represents one of the most stable, transparent, and opportunity-rich markets in the region. Its strategic location, strong governance, growing consumer base, and resilient economy make it an attractive destination for investors looking for long-term value in real estate, retail, and hospitality.
At Mirasi Group, our vision is to help shape the next chapter of the island’s development by creating integrated urban ecosystems, places that combine retail, living, business, entertainment, and hospitality in a modern and sustainable way. With major projects underway in Mauritius, and an expanding footprint in Madagascar and soon East Africa, we are focused on building destinations that uplift communities and deliver enduring value.
To investors from the UAE and the wider Gulf, Mauritius offers a unique platform:
a safe entry point into high-growth African markets, backed by world-class infrastructure, strong legal frameworks, and exceptional quality of life.
Mirasi Group welcomes collaboration with forward-thinking partners who believe in the potential of this region. Our future is shaped by innovation, sustainability, and meaningful partnerships, and we look forward to contributing to the continued growth of Mauritius as a regional hub for investment and development.
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