The real estate bubble – A baseless assumption or a very real possibility?

25 October 2017

  Recent unwarranted comments in the press attributed to a certain high Government official, fuelled by questionable industry figures released by a foreign bank operating in Sri Lanka, has sparked concerns within the real estate industry of the possibility of a bubble waiting to burst, especially in the luxury apartment sector. This has led to […]

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Altair Director appointed as Chairman of the Condominium Developers Association

21 September 2017

    The Condominium Developers Association of Sri Lanka (CDASL), an affiliate of the Ceylon Chamber of Commerce, has announced the appointment of new office bearers and members of the Executive Committee for 2017-18. Pradeep Moraes, Director of Indocean Developers (Pvt) Ltd., has been appointed Chairman of the Association, and Sivarajah Thumilan, Group Chairman, Blue […]

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Debunking the real estate bubble

16 August 2017

Top industry expert rejects concerns over luxury apartment sector Amid concerns of a real estate bubble forming in the high-end segment, Indocean Developers Director Pradeep Moraes spoke to Daily FT on industry prospects, possible policy assistance and rejected concerns of unsustainable growth. Given below are excerpts of the interview: Q: What are your reasons for […]

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Development Progress – July 2017

13 July 2017

The latest images of Altair, soon to grace Colombo’s skyline with luxurious living. Scheduled to open in 2018.

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Vesak around the Beira Lake, near Gangarama Temple in the vicinity of Altair

30 May 2017

Moments captured during Vesak 2017 from Altair Residencies the Tallest residential project in Sri Lanka. A view of the fireworks that went off during the celebrations from the 8th floor of Altair.

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