Luxury Apartment Projects in SL

emes

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  • Jul 19, 2006
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    emes

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    Millennium Housing Developers invests Rs. 2 billion for two apartments
    AUG

    Sports
    The agreement for the Heights at Nawala Road, Colombo 5 first apartment being exchanged Pictures by Vipula Amarasinghe.


    Sri Lanka's leading mega township developer Millennium Housing Developers Plc (MHD) has invested over Rs. 2 billion this year to build the two apartment complexes, Heights at Nawala Road, Colombo 05 and The Heights at Edmonton Road, Colombo 5.

    Nawaloka Group Group Chairman Jayantha Dharmadasa said that they are targeting the mid range customers and this is the key for their success.

    The Heights at Nawala Road Colombov 5 builds on the success of MHD’s extremely successful inaugural high-rise project The Heights at Edmonton Road, Colombo 5 that was sold out in three weeks after launch.

    While MHD is well known for township development, the entry of Nawaloka group as majority shareholder and lead contractor is widely seen as a contributory factor in boosting market confidence and demand for MHD high-rise developments.

    The Heights at Nawala Road Colombo 5 sees the unveiling of a landmark building incorporating modern living style and energy saving design.

    ‘It comprises 14 storeys housing 64 intelligently designed units, which maximise space utilisation to deliver superior living spaces of style, elegance and attractive value. More importantly, it is located by the side of the Narahenpita-Nawala main road, promising higher rate of appreciation,’ Marketing Director Mevan Serasinhe said.

    He said that Diaspora who wants to retire in Sri Lanka are their main buyers along with expatriates and Sri Lankans.

    Six layouts and several exclusive interior designs add individuality and character to the apartments, which include four very unique penthouses – each of them enjoying a panoramic view of Colombo city and outskirts.

    Rooftop entertainment area is complete with swimming pool, plush seating and walk path, gym and sitting out areas. A unique Solar PV Net metering system takes the load off residents for powering common areas and amenities.





    Nawaloka Group Chairman Jayantha Dharmadasa,Millennium Housing Developers Chairman Harshith Dharmadasa and officials at the Heights Nawala Road ground breaking ceremony.


    A home library promises hours of tranquil mental enrichment to residents. Bed rooms and living areas of each apartment are air conditioned for ultimate comfort and are fitted with high quality imported material.

    Parking slot for each unit and extra parking for visitors, 24 hour controlled security and standby generators, rain water harvesting system, solar panels for power generation; coin operated automatic laundry service, drivers units within parking area make for luxurious living without sacrificing practicality. Millennium Housing Developers CEO Sisira Weerabahu pointed out that the high rise projects are managed through MC Urban Developers Ltd., a fully owned subsidiary of MHD.
     

    emes

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    Sri Lanka’s Technology Park to invest USD70mn to expand capacity

    orion.jpg

    Author LBO
    Posted on September 17, 2015 | Companies
    orion
    Sep 17, 2015 (LBO) – Sri Lanka’s technological park, Orion City, is to add one million square feet to its current facility with an investment of nearly 70 million US dollars, an official said.

    The Park, which was once a factory, is spread over 16 acres and currently has 550,000 square feet of developed space, where 29 international companies are based.

    The company’s overall plan is a three million square foot facility.

    “We feel that there will be a strong demand for IT and BPO sector. But if the next phase is not taken positively, we will probably be slowed down,” Jeevan Gnanam, chief executive of Orion City told LBO at the launch of company’s second phase of expansion.

    “Our overall plan is to push the square feet expansion to three million.”

    Expansion of the Park includes two new buildings that will be completed in the 1st quarter and 3rd quarter of 2016.

    These buildings will add 225,000 square feet of office space and 250,000 personnel to the current Park, the company web site said.

    The company also plans to build Orion Towers which will offer up to 22 levels of prime office space and will boast an array of complementary and ancillary facilities such as retail and commercial areas, a boutique sky hotel, green eco decks and a sky courtyard which will become a micro city catering to employees every need.

    “We also managed to get coffee bean, British council, subway in to the city, to give an experience of a mini city and add value,” Gnanam said.

    “We have already started mapping clients in other countries to offer our facilities.”

    An executive club at the top most floor of the towers will host a fully equipped gymnasium, business centre, lounge areas, meeting venues and private dining facilities.

    Leading the development, Tower 1 is bound for completion by end of 2017.

    http://www.lankabusinessonline.com/s...pand-capacity/
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