The first phase of the development consists of seven, four and five bedroom villas, all uniquely designed, with each land lot of approx. 30,000 sqft., currently under construction with a completion date of December 2012. The second phase consists of 12 villas on 9 acres of land on Morne Rouge Hill with details available by November 2011. What is special about this project is the unique opportunity to join an exclusive residence club with the resort services of Laluna. Actually, the headaches of second-home ownership are replaced with services and amenities only found in the world’s finest resorts, and the opportunity of an extra income. In fact the villa’s owners have the benefit of a management contract with Laluna and rent their villas while not using it. Soon there will be on offer a selection of land lots for private ownership, where landowners can be as involved with the building process as much as they like, employing their own architects or engaging our Estate Management team. The Estate has a Development Master Plan approved with a very attractive government incentive package. Buying real estate on the island of Grenada is a fairly straight forward process. Grenada’s real estate laws are designed to encourage foreign investment and to protect the investment, in real estate, after the purchase or investment is made. At Laluna Estate we enjoy some special incentives to promote tourism on the island. In fact, the buyer of one of our villas will be able to take advantage of tax exemptions and concessions granted to Laluna Estate by the Government that makes the investment in one of our residences even more attractive. Enhanced by the magic of the Laluna Estate is the unspoilt island of Grenada that has a very distinct charm and beauty, from tropical mountain ranges to long sandy beaches and is the crown of the Caribbean. The Island of Grenada is located in the southern Caribbean at 12 degrees north of the equator, enjoyable all year round with an average temperature in the 80s. The entire island is 121 km of coastline, and is made up of white sandy beaches, lush tropical rain forests, and waterfalls.