Havelock City presents final designs

Indunil HEWAGE

Sri Lanka’s largest real estate investment project, “Havelock City” presented the designs of the final phases of the project yesterday.

The total investment of the Havelock City Development project is estimated US $ 350 million and the construction work of the project is scheduled to be completed by 2013.

International Monetary Co-operation Senior Minister Sarath Amunugama with Overseas Realty (Ceylon) PLC Chairman S P Tao at the press conference. Bank of Ceylon Chairman Dr Gamini Wickramasinghe looks on. Picture by -Saliya Rupasinghe

Structure of the Havelock City

The Overseas Realty (Ceylon) PLC Chairman S P Tao said the initial residential phase of the Havelock City was completed in 2009 and it comprises 226 apartments on 22 levels.

The piling for the phase two has already been concluded and the construction of towers in the second residential phase will be started during the first quarter of 2011.

Pre sale of phase two is scheduled to commence early next year.

Following the completion of 226 apartments in the first residential phase, the three remaining residential phases would also comprise six towers housing approximately 800 exclusive apartments.

Many local buyers and expatriates have purchased most of the apartments in the two towers of the initial residential phase of Havelock City.

All the apartments in one tower of the Havelock City have already been booked and several apartments in the other tower are to be sold as soon as possible.

The designs for the four level 35,000 square feet Clubhouse with its landscaped terraced rooftop is scheduled to be completed before the end of 2011.

The Havelock City Project has been designed on 17 acres of land in Colombo city and it is built in phases with the residential section comprising four phases of two apartment towers each and the commercial component comprising a 400,000 square feet shopping mall with the two office towers in a single phase.