Home Lands’ Landmark Twin Towers Rise at Thummulla
View(s):The ground breaking ceremony of Pentara Residencies, Colombo’s most iconic twin-tower development by Home Lands Group, was recently held at Thummulla Junction, Colombo.
The event was graced by several top government personalities and Home Lands’ officials, the company said in a media release.
Addressing the audience, Minister of Urban Development, Construction and Housing, Anura Karunathilaka noted: “Private sector companies like Home Lands bring in large-scale investment, generate employment, and contribute significantly through billions in tax revenue. Pentara Residencies project alone contributes nearly Rs. 15 billion in taxes. Projects of this magnitude bring in foreign exchange to the country and tax revenue to the government which in turn enables the government to provide housing to low-income groups and support essential public services across health, transport, and education.”
From left -- Chairman, Condominium Management Authority - Eng. Bandula Karunarathne; Director, Home Lands Group - Ms. Harshani Herath; Chairman/Managing Director, Home Lands Group - Nalin Herath; Minister of Urban Development, Construction and Housing Anura Karunathilaka; Chairman, UDA - Eng. Kumudu Lal; Director General, Board of Investment - Ms. Renuka M Weerakoon and Architect Philip Weeraratne
Also speaking at the ceremony, Nalin Herath, Chairman/Managing Director of Home Lands Group, said: “Pentara is the largest residential real estate investment by a Sri Lankan developer, with an investment of US$ 110 million, equivalent to around Rs. 35 billion. Beyond this scale, the project contributes significantly to the national economy — not only by bringing much-needed foreign exchange into Sri Lanka, but also by contributing billions of rupees in taxes to the government through this single investment.”
Having obtained all relevant approvals and clearances, Pentara Residencies continues to move forward, offering 45+ star-class amenities, including Sri Lanka’s first five star floating sky restaurant, the Sri Lanka’s first cantilevered sky pool, and an iconic sky bridge connecting the twin towers at level 30. Rising over 40 levels, the twin towers will house 362 units, featuring Deluxe Apartments, Sky Villas, Penthouses, and Sky Mansions. In just two and a half months since its launch, 50 per cent of the units have already been sold, reflecting strong confidence from both local and international buyers.
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