Home Lands announces strategic entry into Port City Colombo
View(s):Home Lands has secured an over three-acre premium mixed-use land parcel at Port City Colombo in a landmark transaction valued at US$ 40.1 million (approximately Rs. 12.5 billion), marking one of the most significant single investments made by a Sri Lankan developer within the country’s most ambitious urban development project.
With this milestone, Port City Colombo joins hands with Home Lands reinforcing the presence of globally recognised local excellence within the rapidly evolving Special Economic Zone, the real estate company said in a media release.
The acquisition reflects Home Lands’ financial strength and long-term confidence in Sri Lanka’s future, as the company stands as the only single Sri Lankan developer to undertake such a significant and independent investment at Port City Colombo, without entering into a joint venture or foreign partnership. The move underscores the group’s robust capital position and institutional resilience both locally and internationally.
The land reservation will pave the way for a $ 300 million mixed-use ultra-luxury development comprising twin 40-storey towers with over 600 exclusive units. Envisioned as a resort-style vertical sanctuary inspired by a forest concept, the project will integrate architecture, greenery, and lifestyle elements to create a distinctive living environment within Colombo’s emerging global financial district.
Strategically located within the Central Park District of Port City Colombo, the site enjoys one of the most enviable settings in the master plan. The development opens onto nearly 40 acres of lush central parkland, connects seamlessly with the Port City Colombo waterway network, and commands uninterrupted views of the Indian Ocean, including clear sunset vistas and direct beach access.
Commenting on the investment, Nalin Herath, Chairman of Home Lands Group said: “This investment represents far more than a land acquisition; it is a statement of confidence in Sri Lanka’s future and in the strength of our own capabilities as a homegrown developer. We made a deliberate decision to undertake this project independently because we firmly believe that Sri Lankan companies have the financial strength, expertise, and vision to deliver developments of global scale.”
With this milestone acquisition, Home Lands further cements its role as Sri Lanka’s leading homegrown developer, bringing award-winning expertise, financial strength, and visionary design to one of South Asia’s most ambitious urban transformations. The twin-tower development is set to redefine Colombo’s skyline and stand as a powerful symbol of confidence, innovation, and national progress.
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