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‘Iconic Galaxy: the best time to invest in the home of your dreams’

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Leading infrastructure developer Iconic Developments announced that the unprecedented low interest rates on home loans, combined with the wide array of banking partnerships available for prospective homeowners of their apartment complex Iconic Galaxy, has contributed to building a safe and favourable landscape for investment.

Having earned its most loyal homeowners a value of around 20 – 30 per cent on their initial investment, Iconic Development’s construction of their newest luxury apartment complex is nearly fully complete and internationally minded and locally inspired and designed to the ‘pulse’ and ‘texture’ of Rajagiriya, imbibing the culture and the aspirations of the people. 

“The COVID-19 pandemic and subsequent lockdown showed us the importance of building the ideal home – one which is self-contained and self-sufficient for peace of mind during these stressful times, but with the elegance and luxury to make day-to-day living a pleasure. The Iconic Galaxy truly fulfils those aims, and we’re delighted that we can offer this level of comfort and convenience to our prospective homeowners.

‘Through multiple financial partnerships with several banks, we have widened the scope of financing options available for homeowners. Adding to this, interest rates on home loans have recently plunged to single digits – customers should take advantage of these favourable conditions and take the leap of investing in the home of their dreams,” commented Iconic Developments (Pvt.) Ltd. Managing Director, Rohan Parikh.

The annual industry report published by the Research Intelligence Unit reaffirmed that the real estate industry as a whole has shown remarkable tenacity and resilience, despite the challenges posed by the pandemic.

The eminent recommendation of the report was that the present time is especially favourable for investment, given the low-interest rates in the market.

Enhancing the ease with which customers are able to invest in an apartment, Iconic Developments has built strong financial partnerships with Sri Lanka’s premier financial institutions. Offering flexible payment options and special home loans for apartment buyers, Iconic Galaxy is affiliated with top Sri Lankan banks DFCC, HNB, NDB, Sampath Bank, Commercial Bank and Standard Chartered Bank.

 

The first to introduce a flood-proof construction and a rooftop landscape, the Iconic Galaxy will deliver 285 super-luxury, two, three, four and five bed-roomed apartments amidst a plethora of world-class amenities and services to complement the lifestyles of the buyers.

 

Located in the prime of Rajagiriya’s upscale locality, the apartment complex is accessible from two roads and is perched on the trunk route of the Buthgamuwa Road. True to its name, Iconic Galaxy provides a 7-level private club worthy of a 5-star hotel, private guest suites for overnight visitors and on-site conveniences that include a supermarket, business centre, beauty salon and laundromat.

 



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Hemas Consumer strengthens portfolio with L’Oréal partnership in Sri Lanka

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Hemas Consumer, the leading manufacturer and distributor in Sri Lanka’s beauty and personal care sector has strengthened its portfolio of offerings in a groundbreaking partnership with the world’s number one beauty company, L’Oréal. With this partnership Hemas Consumer obtains distributor rights to leverage its sales network and innovative marketing approaches in taking L’Oréal’s wide range of beauty and personal care brands across Sri Lanka.

Commenting on the new partnership, Sriyan de Silva Wijeyeratne, Managing Director, Hemas Consumer & Executive Director Hemas Group said, “We have spent over fifty years building successful and strong consumer brands in Sri Lanka. In keeping with our promise of consumer delight and trust, we are elated to partner a world-class cosmetics group like L’Oréal expanding our existing portfolio with the world’s most sought-after beauty and personal care products.

We are well equipped in our distribution process with island-wide sales channels to serve all parts of the country. I believe this partnership will revolutionize Sri Lanka’s beauty care industry and more prospects await as we continue to look ahead with L’Oréal.”

Sabrina Esufally, Director Business Development and Innovation at Hemas Consumer said, “This partnership will enable Sri Lankans to access the iconic brands and solutions created through years of research and innovation by L’Oréal. In the fast evolving and dynamic beauty industry, the combined strength of Hemas’s local heritage and penetration, and L’Oréal’s global technology and trust is the perfect recipe for consumer delight.”

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DFCC Bank supports industrial excellence by partnering CNCI Achiever Awards

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DFCC Bank PLC, stepped up once again for the 3rd consecutive year to partner with the Ceylon National Chamber of Industries (CNCI) as the principal sponsor and official banking partner of the CNCI Achiever Awards 2020.

The CNCI Achiever Awards was held for the 19th consecutive time to recognize the outstanding efforts of exceptional performers who have molded their respective industries with innovative solutions, while overcoming challenges and meeting the demands of their clientele. This year, the event was recently held under strict health guidelines at the Galadari Hotel in Colombo. 

Commenting on the sponsorship, Chief Executive Officer of DFCC Bank PLC Lakshman Silva stated, “We are pleased to have partnered with the Ceylon National Chamber of Industries (CNCI), as the Main Sponsor and Official Banking Partner of the 19th CNCI Achiever Awards 2020. DFCC is honored to partner in reconciling successful Sri Lankan businesses from various industrial sectors. Our partnership with this prestigious awards programme aligns seamlessly with our commitment to foster and reward industrial growth across the country and support local entrepreneurs in MSME & SME sectors.”

 

 

 

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Lanka SSL triumphs with National Gold and Top Ten Awards

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CNCI Achiever Awards 2020

Lanka Special Steel Limited (Lanka SSL), a trusted name in wires and a fully-owned subsidiary of E B Creasy & Company PLC, was recently awarded the coveted National Gold Award under the Extra Large category in the Manufacturing Sector at the Achiever Awards 2020 for Industrial Excellence.

The annual event organized by the Ceylon National Chamber of Industries (CNCI) was held in March 2021 at Colombo, and celebrated some of the leading industrialists in the country for their tremendous and continued efforts in uplifting and promoting quality standards, productivity, growth and strategy, R&D, employee welfare and others whilst contributing to both the society and economy at large.

‘We are immensely proud to have been recognized with two very prominent awards at this year’s CNCI Achiever Awards. It is a huge leap from just winning a Merit Award the last time around, and this incredible achievement certainly reflects our highly ambitious plans to strive for continued excellence. We would like to thank our valued customers and all stakeholders. We are grateful to our hardworking and committed staff at Lanka SSL who have made this possible,’ said Pravin De Silva, CEO of Lanka SSL.

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