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The National Housing Development Authority (NHDA) would relocate the three hundred families living in the Bambalapitiya flats in a sixty storey building, after the flats were demolished for the proposed mixed development project, NHDA Deputy General Manager Sarath Kumara said. Mr. Kumara said the Bambalapitiya flats would be demolished in order to claim the 10.16-acre land for another housing and semi-commercial project by a Singapore-based Indian company. However, discussions were still ongoing with the people in the flats, and a date to knock down the building was yet to be decided, he said. Mr. Kumara pointed out that each family would receive Rs.50, 000 - Rs. 80,000 as rental for temporary places until the construction of the new sixty storey building was completed. He said an acre from the entire land, valued at Rs.11.3 billion, would be reserved for the relocation project. According to him, the construction of the new building would be completed in two and half years. However, the date of commencement is yet to be decided. Sources said the Cabinet approval for the redevelopment of Bambalapitiya flats was given on March 2, 2016. “This building, located near the sea, has decayed and become unsafe. The proposal made by Housing and Construction Minister Sajith Premadasa to implement the redevelopment of the Bambalapitiya flats with foreign investors recommended by the Board of Investment was approved by the Cabinet,” the government information department said. The mixed development project which would be constructed on 9.16 acres of the total land would consist of semi-commercial ventures developed by the Singapore-based Indian company, Mr. Kumara said. - See more at: http://www.dailymirror.lk/115340/-f...feed&utm_medium=facebook#sthash.oAtoVWBJ.dpuf
A Home In The Sky: Why Apartments Are More Popular Than Houses
In this fast-moving world, living on your own terms is almost a requisite: with the prices of housing skyrocketing, however, moving out of your parents’ home and into your own would seem like a luxury. In addition to the cost of owning a house, maintaining a house requires time, time which young professionals of today simply don’t have. Almost as if in response to this change in needs, even a city as small as Colombo has seen many apartment buildings and complexes cropping up with advantages that supersede the benefits offered by a house.
Houses Vs. Apartments
A great example of vertical living made affordable, projects like Fairway Koswatte ensure that the usual hassle of owning your own house are negated.
A great example of vertical living made affordable, projects like Fairway Koswatte ensure that the usual hassle of owning your own house are negated.
Houses often spell family, children, and scarily enough, constant cleaning and fixing. The cost of maintaining your own house often overlooks the constant need of replacing, repairing or renovating, almost on a weekly basis it would seem. Apart from monetary costs, however, this is also time-consuming, and as a result of this hassle, many office goers and young professionals are increasingly opting out of the hassle of owning a house. Of course, hiring a personal cleaner and cook makes things easier, but at a time when every cent counts, this is just another added burden.
Living The Fast Life
Vertical living is essentially living without the usual hassle of owning a house: a less obvious advantage, but one which should not be overlooked, is that most apartments today even take care of maintenance and repairs, saving money otherwise spent on plumbers and electricians.
Vertical living also means easy access to services that would otherwise require driving out into the city to obtain. Laundry, gym and pool facilities, coupled with 24/7 security and even garbage disposal, takes care of the hassles our parents’ generation often had to contend with.
Apart from ease of access and maintenance, the obvious reason why apartments are increasing in popularity is because they often cost less than a house ‒ and that certainly does not include a house with a built-in pool, event hall, activity room, gymnasium and games room ‒ all facilities which high rise apartments, notably new ventures like Urban Living Fairway Koswatte offer for less than the price of a house.
Apartments can be the right balance between spacious and compact - offering the right amount of room to move around, and not too much to make maintenance a headache.
Apartments can be the right balance between spacious and compact – offering the right amount of room to move around, and not too much to make maintenance a headache.
Without a doubt, the biggest advantage of living in an apartment, however, is security for both inhabitants and possessions, including your vehicle, at all times of the day and night. In addition to security, there’s a tiny Sri Lankan quirk which has convinced many millennials that apartments are a better investment: prompted by the possibilities of blackouts, which leach into precious productive hours, it’s the attraction of guaranteed access to basic facilities like electricity and water that has sealed the deal for many.
While many say that the biggest downside of living in an apartment is the lack of greenery and gardens, you’d be surprised to hear that even that is changing: in Koswatte, for instance, Fairway Koswatte has a well-maintained garden and landscaping, a welcome reprieve from the concrete jungle that the city is increasingly turning into.
Even if the love of your life is your car, which city living has made essential but difficult to won due to a lack of parking spaces, living in an apartment has ensured that there’s not just security but space for your car, and perhaps even a spot for a guest car, making life easier for those who work the nine to five.
So if you’re battling out the pros and cons in your head, it would seem that apartments have long since rested their case.
source : Roar.lk
In this fast-moving world, living on your own terms is almost a requisite: with the prices of housing skyrocketing, however, moving out of your parents’ home and into your own would seem like a luxury. In addition to the cost of owning a house, maintaining a house requires time, time which young professionals of today simply don’t have. Almost as if in response to this change in needs, even a city as small as Colombo has seen many apartment buildings and complexes cropping up with advantages that supersede the benefits offered by a house.
Houses Vs. Apartments
A great example of vertical living made affordable, projects like Fairway Koswatte ensure that the usual hassle of owning your own house are negated.
A great example of vertical living made affordable, projects like Fairway Koswatte ensure that the usual hassle of owning your own house are negated.
Houses often spell family, children, and scarily enough, constant cleaning and fixing. The cost of maintaining your own house often overlooks the constant need of replacing, repairing or renovating, almost on a weekly basis it would seem. Apart from monetary costs, however, this is also time-consuming, and as a result of this hassle, many office goers and young professionals are increasingly opting out of the hassle of owning a house. Of course, hiring a personal cleaner and cook makes things easier, but at a time when every cent counts, this is just another added burden.
Living The Fast Life
Vertical living is essentially living without the usual hassle of owning a house: a less obvious advantage, but one which should not be overlooked, is that most apartments today even take care of maintenance and repairs, saving money otherwise spent on plumbers and electricians.
Vertical living also means easy access to services that would otherwise require driving out into the city to obtain. Laundry, gym and pool facilities, coupled with 24/7 security and even garbage disposal, takes care of the hassles our parents’ generation often had to contend with.
Apart from ease of access and maintenance, the obvious reason why apartments are increasing in popularity is because they often cost less than a house ‒ and that certainly does not include a house with a built-in pool, event hall, activity room, gymnasium and games room ‒ all facilities which high rise apartments, notably new ventures like Urban Living Fairway Koswatte offer for less than the price of a house.
Apartments can be the right balance between spacious and compact - offering the right amount of room to move around, and not too much to make maintenance a headache.
Apartments can be the right balance between spacious and compact – offering the right amount of room to move around, and not too much to make maintenance a headache.
Without a doubt, the biggest advantage of living in an apartment, however, is security for both inhabitants and possessions, including your vehicle, at all times of the day and night. In addition to security, there’s a tiny Sri Lankan quirk which has convinced many millennials that apartments are a better investment: prompted by the possibilities of blackouts, which leach into precious productive hours, it’s the attraction of guaranteed access to basic facilities like electricity and water that has sealed the deal for many.
While many say that the biggest downside of living in an apartment is the lack of greenery and gardens, you’d be surprised to hear that even that is changing: in Koswatte, for instance, Fairway Koswatte has a well-maintained garden and landscaping, a welcome reprieve from the concrete jungle that the city is increasingly turning into.
Even if the love of your life is your car, which city living has made essential but difficult to won due to a lack of parking spaces, living in an apartment has ensured that there’s not just security but space for your car, and perhaps even a spot for a guest car, making life easier for those who work the nine to five.
So if you’re battling out the pros and cons in your head, it would seem that apartments have long since rested their case.
source : Roar.lk
Fairway is doing a luxury apartment complex in Kirulapana just in front of the police station. will launch in early October.
ZMAX Fairway brings smart luxury to Colombo
View(s):
The ZMAX Fairway hotel set to open on Thursday September 15 with 181 rooms will become the next modern business leisure space located in Fort, opposite the World Trade Centre, a media release issued by the hotel said. The hotel, a ZMAX branded outlet, comprises 181 rooms, meeting rooms, high speed wifi, a gym, 24 hour coffee shop and food court and rooftop bar Zolo. The Fairway ZAMAX is managed by the Plateno Group. With over 20 hotel brands in its global portfolio Plateno group is the seventh largest hotel management company in the world, the release said.
Located alongside the iconic Dutch Hospital, the Fairway ZMAX is a city hotel for the minimalist, millennial traveller, it said. “It offers a seamless and smooth sleep and shower experience in the best possible location in the heart of Colombo for business or leisure travellers visiting Colombo on a short overnight stay. The ZMAX chain has refined its concept comfort for the short stay guest through ergonomic features that combines with the best of hi tech convenience and the latest advances in intelligent building design, to offer affordable smart luxury,” the release said.
A state- of- the- art energy management system includes motion sensor driven temperature controls that not only adds comfort but promises to deliver a major saving by optimising energy usage. ”We are very proud to be working with one of Sri Lanka’s premier developers to manage this landmark hotel in the centre of Colombo which fills in a key place in our growing domestic network in Sri Lanka and our presence in key capital cities in Asia,” says Plateno Hotels Group Australasia Managing Director Kevin Wallace.
View(s):
The ZMAX Fairway hotel set to open on Thursday September 15 with 181 rooms will become the next modern business leisure space located in Fort, opposite the World Trade Centre, a media release issued by the hotel said. The hotel, a ZMAX branded outlet, comprises 181 rooms, meeting rooms, high speed wifi, a gym, 24 hour coffee shop and food court and rooftop bar Zolo. The Fairway ZAMAX is managed by the Plateno Group. With over 20 hotel brands in its global portfolio Plateno group is the seventh largest hotel management company in the world, the release said.
Located alongside the iconic Dutch Hospital, the Fairway ZMAX is a city hotel for the minimalist, millennial traveller, it said. “It offers a seamless and smooth sleep and shower experience in the best possible location in the heart of Colombo for business or leisure travellers visiting Colombo on a short overnight stay. The ZMAX chain has refined its concept comfort for the short stay guest through ergonomic features that combines with the best of hi tech convenience and the latest advances in intelligent building design, to offer affordable smart luxury,” the release said.
A state- of- the- art energy management system includes motion sensor driven temperature controls that not only adds comfort but promises to deliver a major saving by optimising energy usage. ”We are very proud to be working with one of Sri Lanka’s premier developers to manage this landmark hotel in the centre of Colombo which fills in a key place in our growing domestic network in Sri Lanka and our presence in key capital cities in Asia,” says Plateno Hotels Group Australasia Managing Director Kevin Wallace.
Oceanfront Condos, located in Nilaveli, is shaping up to be the first oceanfront condominium property in Sri Lanka.
A project by International Construction Consortium (Pvt) Ltd (ICC), a leading Sri Lankan general contractor, with over three decades of experience across several sectors, the project will offer 54 condominiums in four identical building footprints.
Due to its location in one of the most scenic beaches in the island, residents are sure to enjoy panoramic ocean views and the serenity of nature.
With spacious living spaces, high quality fittings, as well as wooden doors, the condos are designed with the comfort of the residents in mind. The project's unique architecture allows ocean view from every condominium unit.
the Proposed Project
ICC Vice Chairman Harsha De Saram said Oceanfront Condos is the perfect answer to the hectic pace of city life, it is not just an idyllic escape. "In addition to the 82 foot freshwater swimming pool set against the beach and beach gardens, residents can engage in scuba diving, blue whale watching and boat trips, as well as hold barbecue evenings under the clear starry skies of Nilaveli,”he said.
Oceanfront Condos is only a 45 minute flight from Colombo, and is the gateway to a number of other destinations, including the newest golf courses in Sri Lanka, Pigeon Island, Fort Fredrick, the Koneswaram Temple and the Trincomalee Port, which is the second largest natural harbour in the world.
The project introduces a new concept to Sri Lanka, that is; oceanfront properties, and is being built upon a 3 acre land. The gated community offers 24 hour security to the residents and the management of the condominiums will be done by the company itself. The construction team at ICC is currently engaged at the site, and construction work of Oceanfront Condos is set to be completed by September, 2017.
ICC has won numerous awards throughout its career for its excellence in building construction, and its reputation has led to the project's popularity. According to ICC, over 60% of the exclusive 54 condominiums have already been purchased by prospective residents.
The high demand garnered by the project has encouraged ICC to develop a second phase, wherein 24 exclusive condos will be built in a two acre zone nearby the Oceanfront Condos.
A project by International Construction Consortium (Pvt) Ltd (ICC), a leading Sri Lankan general contractor, with over three decades of experience across several sectors, the project will offer 54 condominiums in four identical building footprints.
Due to its location in one of the most scenic beaches in the island, residents are sure to enjoy panoramic ocean views and the serenity of nature.
With spacious living spaces, high quality fittings, as well as wooden doors, the condos are designed with the comfort of the residents in mind. The project's unique architecture allows ocean view from every condominium unit.
the Proposed Project
ICC Vice Chairman Harsha De Saram said Oceanfront Condos is the perfect answer to the hectic pace of city life, it is not just an idyllic escape. "In addition to the 82 foot freshwater swimming pool set against the beach and beach gardens, residents can engage in scuba diving, blue whale watching and boat trips, as well as hold barbecue evenings under the clear starry skies of Nilaveli,”he said.
Oceanfront Condos is only a 45 minute flight from Colombo, and is the gateway to a number of other destinations, including the newest golf courses in Sri Lanka, Pigeon Island, Fort Fredrick, the Koneswaram Temple and the Trincomalee Port, which is the second largest natural harbour in the world.
The project introduces a new concept to Sri Lanka, that is; oceanfront properties, and is being built upon a 3 acre land. The gated community offers 24 hour security to the residents and the management of the condominiums will be done by the company itself. The construction team at ICC is currently engaged at the site, and construction work of Oceanfront Condos is set to be completed by September, 2017.
ICC has won numerous awards throughout its career for its excellence in building construction, and its reputation has led to the project's popularity. According to ICC, over 60% of the exclusive 54 condominiums have already been purchased by prospective residents.
The high demand garnered by the project has encouraged ICC to develop a second phase, wherein 24 exclusive condos will be built in a two acre zone nearby the Oceanfront Condos.
මචන් ඔයවගේ දෙක තුනක් හදල හ්ම්බයන්ට දීල සිංහල මිනිස්සුන්ව විල්පත්තුවේ යවන්ඩ බැරිද?
සිංහලයට ගිය කලක්. හම්බයෝ අක්කර ගණන් අරගෙන ගෙවල් හදනවා. සිංහලය කුඩු කරනවා ත්ට්ට්හු වලට.
සිංහලයට ගිය කලක්. හම්බයෝ අක්කර ගණන් අරගෙන ගෙවල් හදනවා. සිංහලය කුඩු කරනවා ත්ට්ට්හු වලට.
Nestled in Colombo Fort, the brand new ZMAX Fairway Colombo hotel lies between the old world charm of the Fort’s colonial past and the vibrant modern business and entertainment hub that surrounds it.
Located close to that icon of colonial architecture turned uber-cool hangout spot, the Dutch Hospital, the ZMAX Fairway Colombo is a hip city hotel for the minimalist, millennial traveller. It offers a seamless and smooth sleep and shower experience in the heart of Colombo. The hotel blends chic design with state-of-the-art technology and seeks to put the guest in charge of the services offered.
Business or leisure travellers visiting Colombo on short stays will find the ZMAX Fairway Colombo to be ideally located for all city-based activities during the daytime. Then, at the end of a sweltering tropical day, the tired traveller has the happy choice of a range of great restaurants and entertainment options such as bars and night clubs, all within walking distance, to relax and recharge in.
Capture
The ZMAX Fairway Colombo offers 181 rooms, meeting rooms, high-speed Wi-Fi, a gym, a 24-hour coffee shop and a food court with diverse cuisine and a rooftop bar.
The ZMAX chain has refined its concept of comfort for short stay guests through superb ergonomic features designed to revitalise and invigorate. A warm and welcoming concierge service combines with the best of hi-tech convenience and the latest advances in intelligent building design to offer affordable smart luxury.
The hotel’s IPTV platform for instance, in addition to offering satellite TV preferences based on guest nationality (comprising 22 local and international channels) and video-on-demand, also offers live video streaming of events.
zmax
A state-of-the-art energy management system, which includes motion sensor driven temperature controls, not only adds comfort but promises to deliver a major saving by optimising energy usage.
Opening on 15 September 2016, the ZMAX Fairway Colombo is managed by the Plateno Group. With over 20 hotel brands in its global portfolio, the Plateno Group is the seventh largest hotel management company in the world.
“We are very proud to be working with one of Sri Lanka’s premier developers to manage this landmark hotel in the center of Colombo which fills in a key place in our growing domestic network in Sri Lanka and our presence in key capital cities in Asia,” says Plateno International Managing Director Bill Lin.
The ZMAX Fairway Colombo hotel is owned by Fairway Holdings. Chairman of Fairway Holdings, Hemaka de Alwis, stated: “We are pleased to offer high-tech innovation and smart luxury to short stay travellers, all at a very affordable price. We are committed to strengthening Sri Lanka’s position as a business and tourist hub and this city hotel is part of that effort. We are also very happy to have the world-renowned Plateno Group as our partners.”
http://hospitality.lk/zmax-fairway-brings-smart-luxury-colombo/
Dusit Thani Sri Lanka, Beachfront Balapitiya announce partnership with Chestertons International for Sri Lanka’s one & only beach front, luxury, high-rise, investment apartments available to foreign investors.
Through the recent partnership with Chestertons, The Beachfront Balapitiya (an Indola Group development), managed by luxury brand and world-renowned hospitality leader, Dusit International, is poised to become the final frontier in beachside luxury living in Sri Lanka, available to foreign investors.
The luxury high-rise development offers 330 designer fitted, beach front apartments as 1, 2 & 3 bedrooms boasting spectacular ocean and beach views, priced from just US$244,000 (plus taxes). Investors receive a freehold title, guaranteed returns of 6% nett for 5 years per annum, paid quarterly in US$, the potential of approximately 30% in capital gains in two [02] years and no on-going costs. Additionally, apartment owners can avail of a 21-day free stay per annum.
“Partnerships between power-houses are known to be successful and we are delighted to be in partnership with Chestertons International. While The Beachfront will offer a one of a kind product to not only fill the luxury-resort market deficit in Sri Lanka but also guarantee our international investors sufficient financial rewards, Chestertons will complement the project by driving sales to the wider UK audience and further afield,” commented Director, Indola Group – Paul Dwyer.
Concluding on the partnership, Director, Indola Group – Ajit Wijesinghe mentioned, “As the one & only beach front, luxury investment apartments in the whole of Sri Lanka open to foreign investors; offering incredible gains and with Chestertons, one of UK’s leading project marketers, driving sales in the international market, the development is undoubtedly going to be met with unmatched interest and we look forward to seeing the results.”
Director of International Sales, Chestertons International – Neville Page, commented “As one of our key objectives is to offer our clients the widest selection of international, high-quality properties alongside expertise on local markets, the addition of The Beachfront Balapitiya development in Sri Lanka is a great step forward. Within recent years Sri Lanka has experienced a huge degree of interest from international buyers and The Beachfront in particularly is expected to bring in high demand because of the brand prestige that comes with being Dusit Thani.”
With having recently made available a limited release of 40 out of 121 apartments (in stage 1 only), Dusit Thani Sri Lanka have sold an outstanding 80%. The property will be erected in three [03] stages, with the addition of a promenade featuring 15 international restaurants, bars & cafes, a spa, sauna and gymnasium. Construction is scheduled to begin at the latter part of 2016.
2. 480 meters of absolute pristine beach front
The partnership with Chestertons is the first international agent agreement made by Dusit Thani Sri Lanka and the first for Chestertons as they enter the Sri Lankan real estate market.
Chestertons was originally established in the UK in 1805 and grew to become one of the most recognised and highly respected names in property. Today, Chestertons operates a network of over 75 international offices, across five [05] continents and 12 countries and boasts over 50 years of experience in the international market.
About Dusit Thani Sri Lanka, Beachfront Balapitiya
Dusit Thani Sri Lanka, Beachfront Balapitiya is Sri Lanka’s one & only luxury investment, high-rise, resort-style development. Available for immediate purchase is 40 of 121 apartments to be constructed (in stage 1). The 5-star property is designed by renowned Singaporean architectural firm Design Team 3 and managed by Thai hotel and apartment operators, Dusit International – one of the world leaders in authentic Thai hospitality. The property will feature three stages consisting of a 24/7 concierge, luggage, security and valet services as well as a promenade featuring 15 international restaurants, bars & cafes, a luxury spa, sauna and gymnasium, 5 swimming pools (including a rooftop infinity pool) and is located on 480 meters of absolute pristine beach front between Bentota and Hikkaduwa on Sri Lanka’s famous west coast. The apartments are the one & only of its kind in Sri Lanka open to foreign investors.
http://hospitality.lk/dusit-thani-sri-lanka-placed-top-charts-international-investment-chestertons/
Through the recent partnership with Chestertons, The Beachfront Balapitiya (an Indola Group development), managed by luxury brand and world-renowned hospitality leader, Dusit International, is poised to become the final frontier in beachside luxury living in Sri Lanka, available to foreign investors.
The luxury high-rise development offers 330 designer fitted, beach front apartments as 1, 2 & 3 bedrooms boasting spectacular ocean and beach views, priced from just US$244,000 (plus taxes). Investors receive a freehold title, guaranteed returns of 6% nett for 5 years per annum, paid quarterly in US$, the potential of approximately 30% in capital gains in two [02] years and no on-going costs. Additionally, apartment owners can avail of a 21-day free stay per annum.
“Partnerships between power-houses are known to be successful and we are delighted to be in partnership with Chestertons International. While The Beachfront will offer a one of a kind product to not only fill the luxury-resort market deficit in Sri Lanka but also guarantee our international investors sufficient financial rewards, Chestertons will complement the project by driving sales to the wider UK audience and further afield,” commented Director, Indola Group – Paul Dwyer.
Concluding on the partnership, Director, Indola Group – Ajit Wijesinghe mentioned, “As the one & only beach front, luxury investment apartments in the whole of Sri Lanka open to foreign investors; offering incredible gains and with Chestertons, one of UK’s leading project marketers, driving sales in the international market, the development is undoubtedly going to be met with unmatched interest and we look forward to seeing the results.”
Director of International Sales, Chestertons International – Neville Page, commented “As one of our key objectives is to offer our clients the widest selection of international, high-quality properties alongside expertise on local markets, the addition of The Beachfront Balapitiya development in Sri Lanka is a great step forward. Within recent years Sri Lanka has experienced a huge degree of interest from international buyers and The Beachfront in particularly is expected to bring in high demand because of the brand prestige that comes with being Dusit Thani.”
With having recently made available a limited release of 40 out of 121 apartments (in stage 1 only), Dusit Thani Sri Lanka have sold an outstanding 80%. The property will be erected in three [03] stages, with the addition of a promenade featuring 15 international restaurants, bars & cafes, a spa, sauna and gymnasium. Construction is scheduled to begin at the latter part of 2016.
2. 480 meters of absolute pristine beach front
The partnership with Chestertons is the first international agent agreement made by Dusit Thani Sri Lanka and the first for Chestertons as they enter the Sri Lankan real estate market.
Chestertons was originally established in the UK in 1805 and grew to become one of the most recognised and highly respected names in property. Today, Chestertons operates a network of over 75 international offices, across five [05] continents and 12 countries and boasts over 50 years of experience in the international market.
About Dusit Thani Sri Lanka, Beachfront Balapitiya
Dusit Thani Sri Lanka, Beachfront Balapitiya is Sri Lanka’s one & only luxury investment, high-rise, resort-style development. Available for immediate purchase is 40 of 121 apartments to be constructed (in stage 1). The 5-star property is designed by renowned Singaporean architectural firm Design Team 3 and managed by Thai hotel and apartment operators, Dusit International – one of the world leaders in authentic Thai hospitality. The property will feature three stages consisting of a 24/7 concierge, luggage, security and valet services as well as a promenade featuring 15 international restaurants, bars & cafes, a luxury spa, sauna and gymnasium, 5 swimming pools (including a rooftop infinity pool) and is located on 480 meters of absolute pristine beach front between Bentota and Hikkaduwa on Sri Lanka’s famous west coast. The apartments are the one & only of its kind in Sri Lanka open to foreign investors.
http://hospitality.lk/dusit-thani-sri-lanka-placed-top-charts-international-investment-chestertons/
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