Market leader, Home Lands Group, officially commenced construction of Central Park Boulevard Port City Colombo with a ceremonial groundbreaking held at its construction site in Central Park district, Port City Colombo.

The day’s proceedings began in the morning with the receiving of blessings from religious leaders followed by the laying of the foundation stone and the ceremonial commencement of construction activities in accordance with auspicious times. The evening celebrations brought together distinguished dignitaries including government officials, investors, business leaders, stakeholders, and members of the media to commemorate this significant milestone and celebrate yet another remarkable chapter in the Home Lands journey.

The ceremonial groundbreaking was officially carried out by distinguished invitees together with the Chairman, and the Management of Home Lands Group, symbolically marking the commencement of construction of Central Park Boulevard Port City Colombo. Beyond breaking ground, the ceremony ushered in a new era for Sri Lanka’s real estate sector and the beginning of what is set to become The Indian Ocean’s Next Wonder.

Central Park Boulevard Port City Colombo is an ultra-luxury twin-tower development, the most iconic landmark within Port City Colombo. Inspired by an internationally renowned ultra-luxury lifestyle brand, Central Park Boulevard introduces a new benchmark for luxury living, with Home Lands leading the way as the pioneer of this unique concept in Sri Lanka. Located within the prestigious Central Park District of Port City Colombo, the development overlooks and merges with 40-acres of vast modern lush green Central Parkland with landscaped gardens, scenic waterways and tranquil pathways, offering residents an unparalleled blend of nature, exclusivity, and high-rise sophistication.

The landmark development will feature an exceptional collection of luxury residences, including deluxe apartments, sky villas, penthouses, and Emerald Mansions, complemented by an extensive array of world-class amenities designed to deliver an elevated lifestyle unlike anything previously experienced in Sri Lanka.

The groundbreaking follows an extraordinary period of momentum for Home Lands. Earlier this month, the company successfully hosted the Grand Launch Weekend of Central Park Boulevard, widely recognised as Sri Lanka’s largest real estate launch event. The three-day series of events attracted investors, prospective homeowners, business leaders, and industry stakeholders from across Sri Lanka and overseas. This was followed by the opening of the Central Park Boulevard Sales Gallery at Port City Colombo, where invitees were given an immersive preview of the development, reinforcing the overwhelming market response and setting the stage for the next chapter of this landmark development. Together, these milestones reflect not only the strong market confidence in Central Park Boulevard but also Home Lands’ financial strength and capability to independently undertake and deliver a development of this scale and value, further reinforcing its position as Sri Lanka’s market leader.

Construction of Central Park Boulevard is scheduled for completion within 40 months. This ambitious timeline reflects Home Lands’ strength as a fully integrated developer with an exceptional track record of delivering high-quality developments on schedule. Having successfully delivered more than 3,750 homes across Sri Lanka, the company has consistently demonstrated its capability to execute landmark projects efficiently while maintaining the highest standards of quality, craftsmanship, and customer satisfaction.

With construction now officially underway, Central Park Boulevard represents far more than another development. It stands as a symbol of Home Lands’ commitment to delivering world-class developments and its vision in further elevating Sri Lanka as the world’s best real estate investment destination. As yet another remarkable chapter unfolds for Home Lands, the company continues to lead the evolution of Sri Lanka’s real estate landscape, creating a legacy that will endure for generations to come.

Home Lands, Sri Lanka’s number one, most trusted and most innovative developer, has been shaping the nation’s real estate landscape with a legacy built on trust, innovation, and excellence. Home Lands is the pioneer of resort-style residential developments in Sri Lanka and continues to redefine modern living, setting new benchmarks in quality, design, and lifestyle. As a fully integrated group of 14 companies, including its own construction arm, Heyraa Construction, holding the highest CS2 grading from CIDA, Home Lands delivers end-to-end solutions across real estate, construction, property management, and lifestyle creation, ensuring uncompromised quality, innovation, and customer satisfaction.

With a growing global presence and offices in Australia, Dubai, and London, Home Lands serves both local and international clients, delivering landmark residential projects across the country.
Home Lands has earned multiple accolades, including the Best Developer – Sri Lanka award at the PropertyGuru Asia Property Awards for three consecutive years, and in 2025 was honoured with Superbrands status, becoming the only real estate Superbrand in Sri Lanka.

Backed by more than 3,750 units successfully delivered, 500 more units ready to be delivered within the next six months, and over 2,200 units currently under construction, Home Lands continues to shape the future of modern living through trust, innovation, and excellence.

The post Home Lands Breaks Ground on ‘Central Park Boulevard Port City Colombo’, Commencing Construction of The Indian Ocean’s Next Wonder appeared first on Newswire.

Home Lands, Sri Lanka’s number one and most trusted real estate developer, is set to redefine the property investment landscape with the launch of the Home Lands Property Investment Roadshow 2026.

Taking place on Sunday, 8th February 2026, from 9.30 a.m. to 6.00 p.m. at the Grand Ballroom, Hilton Colombo, this landmark event will bring together 1,000 brand-new resort-style apartments, launched simultaneously across four mega residential projects marking one of the largest residential unveilings ever by a single developer.

Designed for both homebuyers and investors, the Roadshow will offer visitors a rare opportunity to explore an unmatched range of properties all under one roof, backed by exceptional financial flexibility. Through partnerships with five leading banks – Commercial Bank, HNB, Sampath Bank, NDB, and DFCC, attendees can benefit from up to 100% financing options and flexible payment plans, making property ownership more accessible than ever before.

The event will spotlight four landmark developments strategically located in some of greater Colombo’s fastest-growing residential and investment hubs Rajagiriya, Thalawathugoda, Athurugiriya, and Piliyandala–Kahathuduwa. These projects are thoughtfully designed to meet the growing demand for resort-style living combined with urban convenience, offering international standard amenities, lifestyle-focused spaces, and strong long-term investment potential.

In addition to the new launches, the Roadshow will also showcase a selection of Home Lands’ iconic ongoing developments, including Pentara Residencies – Thummulla Handiya, Bayfonte Marina in Negombo, and Oceana in Wadduwa, giving visitors a comprehensive view of the developer’s diverse and high-performing portfolio.

With a proven track record of delivering landmark developments across Sri Lanka, Home Lands continues to lead the industry through trust, innovation and excellence. Every project is driven by a deep understanding of customer needs blending location, lifestyle, and investment value into homes that stand the test of time.

The Home Lands Property Investment Roadshow 2026 is more than an exhibition, it is a once-a-year opportunity to compare, choose, and invest with confidence. Whether you are seeking your future home or your next high-performing investment, this is an event not to be missed.

To reserve your slot at the Home Lands Property Investment Roadshow 2026 call 0702 888 777

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With the transition of ownership to Blackstone India, Altair’s Management Council has also been formally constituted, enabling owners to play an active and proactive role in the management of the Altair building. In addition, the management council has appointed Realty Management Services (RMS), a subsidiary of Overseas Realty Ceylon PLC, as the new facility manager of Altair.

Commenting on these milestones, Thilan Wijesinghe, Chairman of TWC Holdings, who, together with a team from TWC, represents Blackstone’s interests in Sri Lanka, said, “The issuance of individual title deeds is a critical step in any professionally developed residential asset. Over the past six months, this process at Altair has moved forward in a structured and transparent manner, alongside the formal establishment of owner-led governance. This, combined with the appointment of experienced facility managers are fundamental building block for long-term value-creation for apartment owners and proper asset stewardship.”

With ongoing improvements to the building being undertaken by Indocean Developers Pvt Ltd (IDPL), the owning company of Altair, the issuance of deeds to owners is expected to accelerate over the coming months.

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Key Highlights:

• Largest land transaction in Colombo – Rs. 4.5 Billion+

• Highest price per perch ever recorded – Rs. 29 Million

• 40-Storey Twin Towers – Pentara Residencies

• BOI-approved project funded by HNB

• Largest single residential high-rise investment by a Sri Lankan developer

In a landmark real estate transaction that has made history, Home Lands Group, Sri Lanka’s leading and most trusted property developer, has acquired a prime one acre land parcel in Thummulla, Colombo 7, for a staggering Rs. 4.5 billion, marking the highest ever recorded price per perch in Colombo at Rs. 29 million.

This deal is not only the largest single land transaction in the commercial and residential real estate history of Colombo but also paves the way for a visionary urban development that is set to redefine luxury living in the heart of the capital.

Introducing Pentara Residencies – Colombo’s Twin Tower Icon

Following this historic acquisition, Home Lands officially announced the launch of Pentara Residencies – Thummulla Handiya, The Address in Colombo a bold and ambitious 40 storey twin tower residential project that represents the largest high-rise investment ever made by a single Sri Lankan developer.

The project will be developed as a Board of Investment (BOI) approved venture and is financially backed by Hatton National Bank (HNB), showcasing confidence from the country’s top financial institutions in Home Lands’ proven track record and vision.

Redefining Colombo’s Skyline

Strategically located at the gateway between Colombo 5 and Colombo 7 two of the city’s most prestigious neighborhoods Pentara Residencies is expected to transform Thummulla Junction into an iconic residential address.

The twin towers will offer:

• Over 400 luxury residential units

• State of the art amenities including rooftop sky lounges, pools, fitness centers, co-working spaces, and children’s play areas

• Green building design and sustainability features

• Smart home integration and next-gen living experiences for residents

A Milestone for Sri Lankan Real Estate

This project signifies more than just a vertical expansion it marks a symbolic moment for Sri Lanka’s post-crisis real estate recovery. Despite recent economic challenges, Home Lands’ bold move demonstrates both domestic investor confidence and the continued demand for premium urban living.

Nalin Herath, Chairman of Home Lands Group, stated:
“This is not just an investment in land, but an investment in Sri Lanka’s future. We believe in Colombo’s potential as a global city. Pentara Residencies will be more than buildings it will be a lifestyle destination that redefines luxury and convenience in urban Sri Lanka.”

The Future of Vertical Living

With a proven legacy of delivering high quality residential projects islandwide, Home Lands Group has consistently led the way in pushing boundaries within Sri Lanka’s property sector. This latest project follows their successful launches of Ariyana, Canterbury Golf Villas, and Santorini, which have become benchmarks in suburban residential development.

Now, with Pentara Residencies, Home Lands is set to reshape Colombo’s skyline delivering luxury, innovation, and long term value, all from the hands of a truly homegrown Sri Lankan developer.

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