Business
‘Iconic Galaxy: the best time to invest in the home of your dreams’
Leading infrastructure developer Iconic Developments announced that the unprecedented low interest rates on home loans, combined with the wide array of banking partnerships available for prospective homeowners of their apartment complex Iconic Galaxy, has contributed to building a safe and favourable landscape for investment.
Having earned its most loyal homeowners a value of around 20 – 30 per cent on their initial investment, Iconic Development’s construction of their newest luxury apartment complex is nearly fully complete and internationally minded and locally inspired and designed to the ‘pulse’ and ‘texture’ of Rajagiriya, imbibing the culture and the aspirations of the people.
“The COVID-19 pandemic and subsequent lockdown showed us the importance of building the ideal home – one which is self-contained and self-sufficient for peace of mind during these stressful times, but with the elegance and luxury to make day-to-day living a pleasure. The Iconic Galaxy truly fulfils those aims, and we’re delighted that we can offer this level of comfort and convenience to our prospective homeowners.
‘Through multiple financial partnerships with several banks, we have widened the scope of financing options available for homeowners. Adding to this, interest rates on home loans have recently plunged to single digits – customers should take advantage of these favourable conditions and take the leap of investing in the home of their dreams,” commented Iconic Developments (Pvt.) Ltd. Managing Director, Rohan Parikh.
The annual industry report published by the Research Intelligence Unit reaffirmed that the real estate industry as a whole has shown remarkable tenacity and resilience, despite the challenges posed by the pandemic.
The eminent recommendation of the report was that the present time is especially favourable for investment, given the low-interest rates in the market.
Enhancing the ease with which customers are able to invest in an apartment, Iconic Developments has built strong financial partnerships with Sri Lanka’s premier financial institutions. Offering flexible payment options and special home loans for apartment buyers, Iconic Galaxy is affiliated with top Sri Lankan banks DFCC, HNB, NDB, Sampath Bank, Commercial Bank and Standard Chartered Bank.
The first to introduce a flood-proof construction and a rooftop landscape, the Iconic Galaxy will deliver 285 super-luxury, two, three, four and five bed-roomed apartments amidst a plethora of world-class amenities and services to complement the lifestyles of the buyers.
Located in the prime of Rajagiriya’s upscale locality, the apartment complex is accessible from two roads and is perched on the trunk route of the Buthgamuwa Road. True to its name, Iconic Galaxy provides a 7-level private club worthy of a 5-star hotel, private guest suites for overnight visitors and on-site conveniences that include a supermarket, business centre, beauty salon and laundromat.
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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