Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Sunday, 2 March 2014
Krrish project on amidst payment delays
Despite a delay of 17 months, the Urban Development Authority (UDA) is confident that the Krrish Group will complete its due payments to lease the Transwork Square property for its long, overdue mega development project.
UDA Chairman, Nimal Perera told the Business Times that Krrish must make a payment of Rs.589. 7 million to close the land lease deal. The total payment made by them up to now is Rs. 4.4 billion, he said adding that the full payment due is Rs. 4.995 billion.