Blue Ocean to launch more Condo projects | Daily News

Blue Ocean to launch more Condo projects

Due to rapid development projects carried out in Western Province, value of properties had tremendously increased, said Chairman Blue Ocean Group, Group, S Thumilan.

“The open economy policy had inspired a large number of local and international investors to invest in real estate as investment in this sector promises better dividends than the traditional savings at banks or financial institutions.

He said to meet this demand; Blue Ocean Group will be embarking on several new apartment projects in Colombo.

Currently the Group is also involved in five projects located in the highly residential and prominent areas of Havelock Road, Colombo 05, Moor's Road - Colombo 06, De Alwis Place, Dehiwala, Beach Road - Mount Lavinia and Lillilan Avenue, Mount Lavinia. The investment for these will exceed Rs. 3 billion.

Blue Ocean Group had also undertaken four more sky scrapers in Wellawatta, Kollupitiya and Colombo 5 areas and planning to complete them within the next couple of months and ready for occupation.

In addition to its base in Sri Lanka, Blue Ocean Group had extended its operations to other countries as well. “Currently we have branch offices in Australia, United Kingdom, United Arab Emirates and Canada and plans are under study to open up more offices in other parts of the world in the near future.”

Through novel sales and repurchase arrangements, Blue Ocean Group introduced an innovative method to the Sri Lankan market to enable property investors to earn a higher and more secure income with property security. “It is the Company’s objective to make property investment a moveable liquid asset enabling investors to cash their properties at the prevailing appreciated market price whenever they wish to dispose their acquired properties.

With an intention of improving the customer service the Group had opened up a modern and spacious (Platinum) office with additional parking facilities at De Fonseka Road, Bambalapitiya.

Blue Ocean Group was branded as “Sri Lanka's Best Developer- 2017” and also “Asia's Greatest Brands and Leaders- 2017” award thereby proving its reputation in the international arena and at the same time bringing great fame to its motherland Sri Lanka.

To date the Group had undertaken 32 massive government & public projects all over the island, in addition to their own 35 condominium projects targeting 1250 units. It is the first- ever record in Sri Lanka’s real estate history for a single group to undertake such a large number of projects, at one stretch. The demand for Blue Ocean apartment is on the increase mainly because their Apartment locations are in highly residential, secure, healthier, uncongested areas, surrounded by important landmarks like popular schools, hospitals, government and private institutions, supermarkets.

Excellent architectural and interior designs, using only high quality finishing materials and professional workmanship are the signature qualities increased the demand for Balue Ocean Group properties.


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