Lanka Property Watch - Sri Lanka Property Investment and Analysis
Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Monday, 28 October 2013
Krrish square saga plods on
The government is considering an option of handing over the land allocated to the delayed Krrish project in Fort to another investor, authoritative sources revealed.
The process, being studied, would involve the new investor paying the rental upfront and that money being used to return the money Krrish has already paid as part of the lease rental.
At least two big Chinese and Saudi Arabian foreign investors have approached the government to take over the property by settling the lease payment, their local agents told the Business Times.
(Source: Sunday Times)
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