ICC begins Rs. 4 bn apartment complex in Galle
View(s):International Construction Consortium (Pvt) Ltd, one of Sri Lanka’s frontline construction firms, has embarked on an ambitious Rs. 4 billion apartment complex in Galle.
“The ocean-front serviced apartments’ concept, initiated by ICC, is one which goes beyond horizons in the real estate industry. Inspired by the success of service vacation condominiums on the beaches of Asia and Australia, the Oceanfront Condominiums, were first developed on the pristine beaches of Nilaweli and it paved the way for the expansion of the brand,” ICC Chairman Harsha de Saram said in a media release.
“The construction on Oceanfront Condos, Galle, commenced in June 2018 and we have completed two floors. The project will be completed by June 2020,” he said.
This apartment complex will comprise 15 floors which will house 92 apartments. There will be seven large penthouse comprising square 2626 feet and 90 per cent of the remaining apartments will be duplex apartments which will have two views of the sea at two different levels.
There will be three types of duplex apartments. Type A will have three bedrooms ranging from 1501 to 1597 square feet, Type B with three bedrooms ranging from 1548 to 1620 square feet, and Type F which will have two bedrooms on 958 square feet.
“What is unique about the entire concept of the company is that in sharp contrast to other developers, we do not pre-sell where the apartments are sold by showing the buyers the bare land, but we sell only on the commencement of the construction,” he said.
He said a unique aspect of this project is that it will cater to both buyers who want it for residential purposes and investors who live overseas and who want to not only to buy them to stay in Sri Lanka but those who are on holiday here as well as those who are wanting to buy them to rent them out as well. “We will be arranging tenants for those who want to rent out their apartments as well,” he said.
Some of the flagship projects of the company include the Iceland Residencies at Galle face, Colombo 3, the Anantara Tangalle, the Institute of Technology, Moratuwa and Havelock City, Colombo 6.
The current portfolio of the company includes state construction projects, local and foreign construction projects and self -developed design and built projects.