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 […]
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 […]
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 […]
13 July 2017
The latest images of Altair, soon to grace Colombo’s skyline with luxurious living. Scheduled to open in 2018.
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.