Lanka’s tallest tower to come up
Sri Lanka’s tallest building, running in to 68 floor constructed by
Indocean Developers (Pvt) Ltd, a venture of Indian property group South
City Projects (Kolkata) Pvt. Ltd, will get underway in August and would
be completed in three years. Located opposite Beira Lake, the
400-apartment condominium tower development with top-of-line finishes,
is speculated to cost around Rs. 8 billion.
The exclusive residential tower is looking to target expatriates,
non-resident Sri Lankans and others. In-house facilities will include a
swimming pool, gym, lounge, function room, play area for children,
tennis courts and many other facilities. The mixed-use project is
recognised by its 57th floor SkyPark with its 150-meter infinity
swimming pool, observation deck and restaurants.
Proposed condominium tower
Pradeep Sureka, Director, Indocean Developers said, “We were looking
to enter the Sri Lanka property market and saw this as a suitable
opportunity.Urban Development Authority, Colombo, offered us the land
and we were attracted by the location of the site.”
In their first overseas venture, SCPKL has commissioned world
renowned architect Moshe Safdie and his team at Safdie Architects to
design an iconic residential tower. At 65-storeys the building will be
the tallest in Colombo, and is to be Safdie’s first project in Sri
Lanka. Architects for the project would be Safdie Architects, Boston,
USA while Singapore based Sri Lankan Architect Athula Amarasekera of
Design Team3 will be the Submission and Detailing Architects for the
"My first visit to Sri Lanka was three years ago. I was very
fascinated by the city and was amazed to see what a wonderful
architectural disposition it has. Colombo is transforming.
They are urbanizing rapidly, and it is probably a good time to have a
project that will set a benchmark for future development,” Safdie said.
Situated in the heart of the Sri Lankan capital, the man-made lake is
already surrounded by major productive use buildings such as offices,
hotels, shopping malls, apartments, banks and commercial and leisure
A 10-acre parcel of land originally belonging to the erstwhile
Colombo Commercial Company is now being undertaken for redevelopment.
Spanning an impressive lake-shore stretch, the waterfront will be
converted into an all-pedestrian boardwalk and promenade bordered by
fashion, retail, restaurants, spa and entertainment services.
Kolkata-based SCPKL, established in 2000, is one of the largest
property groups in India. SCPKL has an impressive track record
developing large-scale residential and commercial projects, including
the record-making, tallest South City residential tower in Kolkata, and
the South City shopping mall covering a million sq.ft, making it the
largest mall in the country, also in Kolkata. In addition, the company
has built numerous IT parks, industrial estates and townships in
Chennai, Hyderabad, across Gujarat and in Kolkata.
“We will set the precedent of development in the Beira Lake district
as we understand the fabric of the area and will create a showpiece on
the lake frontage. This will certainly be lauded as the first of its
kind in luxurious, yet environmentally friendly residential living,”
said director, Indocean Developers, Jugal Khetawat.