Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Monday, 23 June 2014
Delft island attracts Rs.600 mln resort
Mercantile Merchant Bank Ltd through its Pathfinder venture would be investing nearly Rs.600 million in a 40 acre hotel resort project on the Delft island off Sri Lanka’s northern shore, an official of the organisation said.
Currently the organisation was seeking approval from the Northern Province Land Commission in addition to other relevant authorities in a bid to get the project off the ground.
It was pointed out that Delft island was considered for this project since it was a good location that was secluded with a small population.