The first phase of the Altair mixed development project at Slave Island, Colombo, will open today (12).
The iconic high rise, a residential and commercial shopping complex, is 230 meters high and has 68 floors.
The Altair building has 407 luxury apartments of four types. The commercial area is 30,000 square feet.
All houses are equipped with modern amenities. Built using high quality raw materials, these houses range in size from 1,400 square feet to 5,000 square feet.
The Altair building has a 600 car parking lot, a fitness center, two swimming pools, ballrooms and standard sanitary facilities. A park built on an acre of land is a specialty here.
The Altair Building, a residential and commercial shopping complex, is a one-time project in which an investor pays the full investment for a project in Sri Lanka, Urban Development and Housing Ministry Secretary Sirinimal Perera said.
The project, which is being implemented to encourage foreign investment, was scheduled to be completed in 2017. However, work on the project was halted during the previous government and due to the intervention of President Gotabaya Rajapaksa, work on the site was resumed and the first phase will be reopened, Ministry Secretary Sirinimal Perera said.
Urban Development, Coast Conservation, Waste Disposal and Sanitation State Minister Dr.Nalaka Godahewa, Finance and Capital Markets and Public Enterprise Reforms State Minister Ajith Nivard Cabraal and Indian High Commissioner to Sri Lanka Gopal Bagle will be the key guests at the event.
