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Asia’s top real estate awards series resumes search for best developers, projects in Sri Lanka



From Left: Jules Kay, Managing Director, PropertyGuru Asia Property Awards & Events; Dr. Nirmal De Silva Director and CEO, Paramount Realty, and Chairperson of the Judges; Roshan Madawela, Founding Director and CEO, RIU Real-Estate Intelligence Unit, and Member of the Judging Panel; Dinuk Hettiarachchi, Managing Partner, NH & Co. CEO and Director, RNH Group of Companies – HLB Sri Lanka; and Mega Kularathne, Director Finance & Planning, Maga Engineering recently discussed the significance of the awards programme’s return as Sri Lanka sets eyes on the road to recovery.


As the nation sets eyes on the road to recovery

The highly awaited PropertyGuru Asia Property Awards (Sri Lanka) programme has officially returned with the fourth annual edition of the island nation’s most prestigious real estate awards.

Dr. Nirmal De Silva, director and CEO of Paramount Realty and the chairperson of PropertyGuru Asia Property Awards (Sri Lanka) joined Jules Kay, managing director of the PropertyGuru Asia Property Awards and Events, to discuss the significance of the awards programme’s return to Sri Lanka.

The online event was joined by member of the independent judging panel, Roshan Madawela, founding director and CEO of Research Intelligence Unit (RIU).

HLB Sri Lanka, represented by Nihal Hettiarachchi & Company, this year joins the 4th PropertyGuru Asia Property Awards (Sri Lanka) as Official Supervisor.

Property developers and designers who want to join the elite ranks of awardees may cast their official entries before 24 September at

Nominations from the public are encouraged.

The region’s finest real estate Shortlisted nominees will compete in a diverse roster of categories this year, including the never-before-presented honours of Best Sustainable Developer, Best Breakthrough Developer, Best Lifestyle Developer, Best Commercial Developer, Best Hospitality Developer, Best Industrial Developer, and Best Mixed-Use Developer. In addition, the Awards have also opened categories for Best Residential Development (Maldives) and Best Residential Development (Malé), the latter celebrating the finest in the small archipelago’s capital.

Winners and highly commended developers and projects will be honoured together with other country awardees at the virtual gala event and ceremony on 9 December. The event will premiere on the same day on and the official channels on Facebook, LinkedIn, Twitter and YouTube.

For the first time ever, highlights of the PropertyGuru Asia Property Awards will air on the History Channel, the official cable TV partner, putting the island’s finest in front of a truly global audience, including consumers and property agents.

Key dates for the 2021 edition:

1 January 2021 – Entries Open

24 September 2021 – Entries Close

27 September-8 October – Site inspections

11 October 2021 – Final Judging

9 December 2021– Virtual Gala Dinner and Awards Ceremony (Sri Lanka edition)

9 December 2021 – Regional Grand Final Gala Event

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Altair on track



Altair - the architectural marvel

`Altair’, the iconic building in Colombo – Sri Lanka is designed by Celebrity Architect Moshe Safdie based in Boston, USA. Moshe Safdie has designed many famous iconic structures including the famous Marina Bay Sands with Sky Garden in Singapore. `Altair’ is in the league of iconic buildings of the world, such as Burj Khalifa, Petronas Tower, Marina Bay Sands, Shanghai Tower, The Parc 1 Tower in Seoul – South Korea, ICC Building & Bank of China Tower in Hong Kong to name a few. 

The project `Altair’ was launched by South City Group in Colombo in the year 2013. Due to construction related complications, force majeure reasons and an unfortunate ownership related dispute, the project has been delayed. However, South City Group has expressed with much pleasure that the Group is back in the helm of the real estate project with 100% control. Most importantly, the project is progressing well and will be ready for handing over in the next few months.

The spokesperson of South City stated that that they are getting utmost support and cooperation from the Government of Sri Lanka for completing the project. President Gotabaya Rajapaksa has appointed Mr. Sirinimal Perera, the Special Authorised Officer to steer the project towards its successful completion. South City group is also receiving steadfast backing from the esteemed customers and the project is on track to deliver what it promised since inception. The rich experience of South City Management with a huge knowledge bank will be able to soon create another landmark in Sri Lanka which will be one of the top landmarks in the world.

Altair’ is an architectural marvel and consists of two vertical tower blocks, one straight tower and another stepped tower which is in slope and leaning to the straight tower. The project is in the prime area of Colombo facing Beira Lake as well as the Indian Ocean. The finishes of the project are on high calibre, with Italian marble, wooden flooring, central air-conditioning, hot water supply and super luxurious sanitary fixtures. Additionally, there is a Resident Club on the fifth level with a garden around it and on 63rd level with the swimming pool and other recreational facilities. 

The apartments have been booked by the Crème de la crème of Sri Lanka’s social fabric, HNI and a noteworthy number of overseas residents from the Sri Lankan diaspora. Notably, ‘Altair’ a is the biggest FDI investment in Colombo for real estate to date. Altair is a symbol of a successful foreign investment and a show-piece for the Sri Lankan Government to attract further investment in Sri Lanka.

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A cheering campaign to support Team Sri Lanka at TOKYO 2020



Chethika Rajapaksha, Marketing Manager, ICL Brands, Susanthika Jayasinghe, Dushan Vas, Niloo Jayatilake, Chairperson – Women's Committee, NOCSL, Fazil Hussain, Member, Ex. Committee, NOCSL.

ICL Brands’ Eva lived up to its’ promise of ‘Leading with Confidence’ by partnering with the National Olympic Committee of Sri Lanka (NOCSL) as the Official Cheering Partner for Team Sri Lanka at TOKYO 2020, Olympics. The brand initiated a massive communication campaign, centered around the ‘Official Cheering Song’ to drive Sri Lankans to rally around Team Sri Lanka and support the 9 athletes that bear the pride of the nation at TOKYO 2020.

The launch of the ‘Official Cheering Song’ took place at the Capital Maharaja Group head office with the participation of Sri Lanka’s very own Olympic Silver Medalist, Susanthika Jaysinghe, NOCSL Women’s Committee Chairperson, Niloo Jayatilake, NOCSL’s Executive Committee Board Member, Fazil Hussain and Chethika Rajapaksha, Marketing Manager for ICL Brands. Amidst the other guests who graced the occasion were Sunil Kanojia, Group CEO – CMG, Shanthi Bhagirathan, Group Director – ICL Brands, Rakesh Khosla,CEO – ICL Brands and others.

The event was live streamed via multiple social media platforms simultaneously, reaching out to a wide audience and kicking off the cheering campaign officially. Eva’s campaign to cheer for Team Sri Lanka will continue throughout the period of TOKYO 2020 Olympics on multiple media platforms.

Susanthika Jayasinghe who graced the occasion as chief guest praised the initiative ”’I am extremely happy to see the brands of highest caliber such as Eva coming forward to support Sri Lankan athletes at Olympics. As an athlete who has represented and won for Sri Lanka on the Olympic stage, I know how much this means to our athletes in Tokyo right now”.



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Sri Lanka Development Bonds auction held during July 20-27, 2021



Date of settlement July 30, 2021

An issuance window for SLDBs will be opened with the announcement of the auction results until close of business of day prior to settlement (i.e., preferably by 3.00 pm on 29.07.2021) at the Weighted Average Fixed Rates determined for respective maturities at the auction, up to the limit specified for possible upsizing, at first come first served basis. Applications for subscription through the issuance window are to be forwarded to ‘’ within the stipulated time period.

Public Debt Department

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