Business
Altair adds value to cosmopolitan lifestyle in Colombo
68-floor vertical tower and 63-floor leaning tower
Altair Colombo, well-known for its unique and acclaimed architectural value and splendorous addition redefining the skyline of Colombo, on par with the ongoing real-estate boom, to the new Colombo Skyline, was ceremoniously declared open on 27 th October 2021 by Prime Minister Mahinda Rajapaksa.
The ceremonial opening of the iconic residential towers denotes the epitome of positive and expedient economic backing of neighbouring India to Sri Lanka, with Altair notably, being the biggest FDI investment in Colombo for real estate to date and the only FDI investment from the South City Group of Kolkata, an Indian investor in Sri Lanka of its calibre. Altair, therefore, is truly a symbol and a showpiece of the foreign investment potential in the real estate industry in Sri Lanka for all enthusiastic investors around the globe.
Alongside Mahinda Rajapaksa, the grand opening of Altair was held under the auspices of Special Guest Minister of Youth & Sports, Minister of Development Co-ordination and Monitoring and State Minister of Digital Technology and Enterprise Development, Namal Rajapaksa, Indian High Commissioner Gopal Baglay, Dr. Nalaka Godahewa, Sirinimal Perera (Special Authorized Officer- Altair Project), Sushil Mohta, Jugal Khetawat, Rajendra Bachhawat, Prakash Bachhawat (Directors/Shareholders of South City Projects Kolkata Ltd) and Manmohan Bagree, Director Indocean Developers Pvt Ltd.
The event also exemplifies that customers are now able to initiate the fit-outs of the apartments through a phased out schedule with the total sold apartments ready to be handed over within the next few weeks.
Since, there were architectural and engineering challenges that encompassed unto creation of one-of-its kind edifice, the construction and finishing of ALTAIR posed many complexities which affected construction schedules. Therefore, as the main developer, Indocean (Pvt) Limited., the local subsidy of the world-renowned South City Projects (Kolkata) Ltd expressed their delight over the acceleration of the project progress in the last few months especially amidst the Covid 19 pandemic due to the significant support extended by the Government of Sri Lanka.
The breathtaking real estate masterpiece is a creative magnum opus of living legend Moshe Safdie, creator of Marina Bay Sands and the Jewel in Singapore and many other icons.
ALTAIR comprises 404 luxurious apartments spread across 1.5mn square feet on 68 floors with ventilation, light, privacy and optimally laid out living spaces as its’ design guidance.
With the full completion and the commencement of the handover process, Indocean Developers Pvt Ltd are confident that the lifestyle facelift that Altair would bring into Sri Lanka with sophisticated brand experience would become a true value addition to the vibrant cosmopolitan lifestyle in new Colombo.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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