Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Monday, 13 January 2014
Krrish must complete project within 3 years or exit : Minister
The government would be forced to cancel the Krrish square project in Colombo if it is not completed within 3 years, a senior government minister said.
“Although the Delhi-based investor requires making a major effort to avoid the dire consequences of failure to make the final payment nothing is impossible if you have money”, Minister of Investment Promotion Lakshman Yapa Abeywardena told a media conference in Colombo this week. More than 18 months have passed since Krrish signed the agreement (August 2012), leaving 2 1/2 years to complete the final lease payment and construction.