The investment opportunities in Sri Lanka’s property development sector generated significant interest at the 2019 Luxury Properties Showcase Ltd. (LPS) exhibition in Shanghai, China, according to Altair, one of the leading participants from South Asia at the invitation-only event, which attracted a record 12,500 elite property investors from around the world.
The RCGC Altair Open Championship was contested by 60 golfers from all over the Country with M.Dharma from India, being the sole overseas entry from overseas.
“Cities must have iconic buildings and structures; this is key to a city’s uniqueness and character,” says Mohandas Saini, Managing Director and CEO of Shapoorji Pallonji International.
Altair provides a helping hand to clean up the surrounding areas of the Beira Lake as a part of the No Kunu initiative focused on a cleaner Colombo.
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.
The apparent boom in the luxury apartments market is not a bubble the industry claims, with future buildings pointing to great potential and investments despite some concerns.
Sri Lanka made its strongest effort to woo interest from Hong Kong-based companies, fund managers and investors, highlighting recent macroeconomic progress as well as measures to boost higher inclusive growth from which foreign firms could benefit.
Altair, has responded to the request of a leading Buddhist prelate to build a Hindu shrine at the intersection of Union Place and Sir James Peiris Mawatha at Kompanña Veediya as a service to the community.
Colombo’s skyline-defining high-rise development Altair has generated strong interest in Canada following a series of events and meetings in Toronto recently, promoter Indocean Developers reports.
