Apartments in Sri Lanka

Development Progress – April 2018

April 6, 2018

The latest images of Altair, offering unique luxury apartments for sale in Sri Lanka is soon to grace Colombo’s skyline. Scheduled to open in 2018.


Altair Residential Development Tops Out

February 2, 2018


Altair, the 69-story luxury residential complex which fronts Beira Lake in Colombo, celebrated its “topping out” to mark the completion of structural work. Going back to ancient times, the topping out ceremony marks the milestone of the placement of the last structural steel beam at the final roof height. This important moment also celebrates the accomplishment of the structural construction crews and the transition to interior construction.

Altair is composed of two slender tower blocks, with one block leaning into the other vertical tower, which supports it. The towers are oriented to the movement of the sun and to harness the tropical breezes, and the units offer 270-degree views of Beira Lake and the Indian Ocean. The unique diagrid structural system accentuates the slope of the inclined stepped tower.

“It is very exciting to see the completed building form tapering elegantly toward the sky. The unique combination of a straight and a sloping stepped tower gives the building a very distinctive appearance and has become a landmark for locals and tourists,” said Charu Kokate, who visits the site regularly. The diagrid structure is highly rationalized and allows for naturally ventilated and beautifully lit units. The units are very private and with their special entrances are like “little houses in the sky”.

A generous allocation of space for public areas, a feature of high-end buildings, is even more evident in this building. Of Altair’s 1.5 million square feet of space, 828,000 square feet or 55 per cent is residential space. Of the balance, 36,000 square feet is allocated for retail while 636,000 square feet, or 42.5 per cent is public space.


The 400-unit towers offer spectacular views of the Beira Lake, the Indian Ocean and the city of Colombo. The building is scheduled for completion in July 2018 and is already 70 per cent sold.

Taken from safdiearchitects.com


Development Progress – November 2017

November 28, 2017

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


Development Progress – October 2017

October 30, 2017


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



Development Progress – July 2017

July 13, 2017

The latest images of Altair, one unique luxury residential projects in Sri Lanka, soon to grace Colombo’s skyline.

Development Progress – February 2017

February 9, 2017

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


Business delegation from Oman visits showpiece Altair site in Colombo

May 23, 2016

Extracted from The Island

Sri Lanka’s showpiece high-rise residential development Altair has ignited serious investor interest in Oman, following a recent sales visit targeted at high net worth individuals in the Sultanate.

The visit generated multiple sales to Omani nationals and was followed by a visit by a delegation of the Oman Chamber of Business and Commerce to the Altair office in Colombo and the construction site.

The Omani delegation held discussions with representatives of the management of Indocean Developers, the promoter of Altair, on the investment potential of the apartments offered and the progress of the project and also visited the show apartments at the site.

Altair is represented in the Sultanate by Anselm Perera, CEO of Business Process Outsourcing Services LLC (BPOS) Oman, who counts 42 years of experience in that country, two decades of which were as Chief Operating Officer of HSBC.

“We are greatly encouraged by the degree of interest Altair has generated in numerous overseas markets including the UK, USA, Australia and Japan,” Altair Director Pradeep Moraes said. “This is an affirmation of the global stature of the development, and its unique architectural and structural aspects. Well before its completion, the building has captured wide international attention.”

Designed by the celebrated global architect Moshe Safdie and projected to be a game changer in contemporary living in Sri Lanka, Altair will bring a new dimension in aesthetics to Colombo’s skyline. It is intended to be a one-of-its-kind development in South Asia in terms of architectural design, structural engineering, and living experience.

Comprising of two tower blocks, one of 63 storeys which leans in to a taller, 68-storey tower, Altair will offer its 400 apartments spectacular views of the Beira Lake, the Indian Ocean and the city of Colombo. The development’s 1.5 million square feet of high-end eco-friendly living space will be supported by 40,000 square feet of supportive up-market retail space. The building is scheduled for completion in 2017.

With rental yields of 8 – 10 per cent and capital gains of over 15 per cent recorded in the luxury apartment sector in Sri Lanka, developments such as Altair attract attention in countries where there is significant investor interest in the country.

Lotus Tower — A beacon of the Colombo skyline in the vicinity of Altair

April 25, 2016

Colombo’s skyline is rapidly changing. Altair is set to be one of the city’s tallest structures, standing at 240 meters high. Towards the North-East side of the Altair apartments is the new Lotus Tower now under construction. Standing 350 meters high it’s billed to be the tallest structure in South Asia.

The Lotus Tower will primarily function as a transmission tower but will also include shopping centres, food courts, banquet halls and a revolving restaurant. There will be an observation deck and high speed elevators, which can reach the observation deck in less than a minute. The facility is complete with an underground car park for 2,000 vehicles and is expected to be a hub of activity with sports, shopping arcade and entertainment facilities to be built in and around the tower.

During national festivities, the Lotus tower will have special displays which will be a special treat for the residents of Altair. Due to the unique locational positioning and and vistas afforded by Altair , the Tower will be visible from no fewer than 5 different types of Altair flats i.e  A, D, E, G and H. These flats have a great view of the Lotus tower in all its glory.

To catch a glimpse of how the lotus tower may view from these apartments, see the videos in our views section.

Both iconic landmarks in Sri Lanka, the Lotus Tower and the Altair Apartments in Colombo are to be completed by the end of 2017.

Learn more about the Lotus Tower

Development Progress – April

April 25, 2016

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


Altair provides insights into the real-estate market in Sri Lanka

March 26, 2016

Pradeep Moraes, Director Sales & Marketing of Indocean Developers, the makers of Altair flats in Colombo spoke on the topic titled “The Real Estate Growth Phenomenon” at the recently concluded Capital Market Conference (CAPM) In Colombo.

Speaking in-depth about the luxury real estate market, Mr Moraes said that the sector plays an integral role in transforming the capital markets in Sri Lanka.

Indocean developers, the company behind the Altair apartments in Sri Lanka, was a sponsor at the event.