Crow Island beach park development gets under way with WB assistance

Crow Island in Mattakkuliya, a landscape similar to that in the Eastern coast with a slum environment, thin lanes tightly packed with dwellings, Hindu kovils and churches is to be developed into a public recreational facility under the Metro Colombo Urba Development Programme (MCUDP) with World Bank assistance next year.

The total cost for the Crow Island beach park project is in the region of Rs. 275.78 million. The Crow Island is a neglected strip of land of about five acres located close to the Kelani river mouth. A team of architects and experts on beachfront development projects in the Asia–Pacific region has been entrusted with the task of designing the park for the benefit of people of all ages and all walks of life living particularly in the Colombo North region.

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(Source: Sunday Times)

ITC Hotels launches one of largest ever foreign investments in Colombo

A luxury hotel complex with residences and office complex will soon be built in Sri Lanka by an Indian conglomerate.

ITC Chairman Y.C. Deveshwar said that ITC Colombo was one of the largest investments of the ITC hotels’ group of India under which a luxury hotel with 350 rooms with 130 luxury residences along with retail and office space will come up, making these comments at a ground breaking ceremony held this week at Galle Face. The total investment component of the project is estimated at US$300 million.

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(Source: Sunday Times)

Trillium launches super luxury apartments at Col -7

Trillium Colombo 7, a super luxury apartment complex under the Trillium brand will be developed in a very prestigious location in Torrington Avenue Colombo 7. The complex will consist of 18 stylish super luxury 3-bedroom apartments ranging from 1500 sq ft to 1800 sq ft and two 3000 sq ft penthouses with an infinity swimming pool and a state-of-the-art Gymnasium on the roof top, the developers said.

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(Source: Sunday Times)