Pays a another Rs. 1.4 bn to UDA:

Krrish makes further commitment

Shirajiv Sirimane

Krrish, one of the leading Indian Real Estate Developers who are building Sri Lanka’s tallest twin Tower multi functional complex has advanced a further payment of Rs. 1.4 billion.

With the initial payment they made to the Urban Development Authority (UDA) the Indian company had now advanced over Rs. 2 million towards this Rs. 10 bilion venture.

The chairman of Krrish group, M. Katyal, visited Colombo yesterday to handover the bank drafts to UDA and to reiterate his commitments to this project.

An official from the company said that this amount is paid to UDA as an advance payment under the MOUs. This demonstrates the commitment of Krrish Group towards Sri Lanka and particularly towards this prestigious project.

Asked to comment as to why they decided to select Sri Lanka as their first overseas venture, he said that with the ending of the war, they saw tremendous potential in the country. “We are also planning a similar project in Hambantota soon.

The Krrish Group is now in the process of designing the project and seeking necessary clearance and approval to commence the construction of the complex.

The project is expected to generate over 2000 employment opportunities.

This project will be one of the finest residential and commercial projects in Asia.

The Krrish group has engaged world renowned architects and other consultants for development and construction of this project.

The retail mall will be the best brands of the world entering Colombo.

Krrish group will make the existing heritage building as one of most sought after luxury heritage resort hotels in this part of the world.

Enduring to the group’s commitment for excellence and quality, and having attained its prominence in Indian Subcontinent, the Krrish Group is poised to bring world class, luxurious Residential and commercial spaces in Colombo.

“KRRISH SQUARE” the prominent high-rise mixed use complex in the heart of the commercial capital of Sri lanka, Colombo, is going to be one of the architectural milestone in Asia.

The group also hosted a two day workshop last week with world’s leading consultants on its board to discuss and finalize upon action plan to speed up the work progress.

The workshop was also attended by Renaud Dutreil, chairman of one of the top international fashion brand, who gave his valuable input to the consultants with regard to the opening of the top international brand for setting up there stores at Krrish Square.

The consultants present in the workshop were, Atwal Associates which was represented by Bob Atwal the Principal Architect of the project.