The first of its kind initiative by an Indian real estate company will involve investments of over $ 400 million. The Sri Lankan Urban Development Authority (UDA) have rehabilitated the residents of Slave Island till the time of the completion of the project and aim to eradicate underserved developments and provide better housing facility to the occupants with over 550 residences. The rehabilitated occupant will have condominium ownership and privilege of mortgage facility by ownership. In the luxury project, the project will have estimated 4 residential towers (each tower consisting of 36 floors) and approximately 650 units comprising of one, two, three, four bedroom units and duplexes and penthouses. It will also feature a commercial retail area, a commercial office space and business hotels and service apartments. The company will also launch a mix use development project at slave Island in Colombo.
Under the new project the current tenants will have access to a completely new environment enhancing the standard of life with proper ventilation, sanitary facilities and Lifts along with open spaces for the occupants. It will also provide better roads, better drainage, security and other benefits of modern living with amenities like gymnasium, community hall, children’s play area.