Soft opening of Altair Heralds near Completion

ALTAIR, the internationally acclaimed architectural icon, is on the cusp of completion. This project is the brainchild of the legendary Moshe Safdie, creator of Marina Bay Sands and the Jewel in Singapore, Tel Aviv’s Holocast Museum, Montreal’s Habitat 67, Kauffman Centre Kansas, amongst others.

The soft opening of the common areas of ALTAIR was held last week under the auspices of  Urban Development State Minister Nalaka Godahewa, Mayor Rosie Senanayake and Dr. Rakesh Panday, Head of Economic and Commercial Affairs Indian High Commission.  

 There was a symbolic handover of five apartments to owners selected from those who had completed their full payments at the earliest date, and also to two owners who had been first to book the property. The final completion of ALTAIR albeit delayed is eagerly anticipated and handover of apartments would commence in the next few months, a news release on the event said.

ALTAIR comprises 404 luxurious apartments with ventilation, light, privacy and the optimally laid out living spaces as its design guidance. The Project is on two acres of land leased from the UDA for 99 years which converts to freehold  status upon completion of apartments and the execution of Deeds of Transfer .

 “A one of a kind architectural and engineering challenge, the construction and finishing of ALTAIR posed many complexities which affected construction schedules and a protracted shareholder dispute further delayed activities. There is now a settlement between shareholders which augurs well for the speedy completion and expeditious handover of this epitome of architectural excellance,” the release said.

 Approximately, 70% od the condominiums have been sold and the developers are confident that on completion, a high percentage of the many expressions of interest that are in the pipeline will convert to sales, it added.