Market Leader Home Lands has announced that Central Park Boulevard Port City Colombo has reached a significant construction milestone, with 60% of its piling work now officially completed, just under three months after the project’s launch, placing its rate of progress 10% ahead of plan. With construction progressing ahead of target, the development’s piling programme is advancing strongly, reinforcing Home Lands’ commitment to timely delivery and its ability to execute large-scale developments through sound planning, financial strength, and a fully integrated business model.

A total of 192 piles are being constructed as part of the development, with 9 piling machines mobilised and three major contractors: Access Engineering PLC, Sanken Construction’s SanPiling (Pvt) Ltd., and D P Jayasinghe Piling Company (Pvt) Ltd., currently engaged in the works. Supported by the contractors’ extensive fleets and expertise in piling, the scale of operations reflects the pace and efficiency with which construction is progressing at the site.

Central Park Boulevard Port City Colombo represents a landmark investment in Sri Lanka’s real estate sector, at Port City Colombo. The project investment of USD 150 million by Home Lands, withthe total project value estimated at over USD 300 million,is the largestreal estate investmentby a single Sri Lankan developer, expected to attract large foreign currency inflows into Sri Lanka by way of global marketing efforts targeting a global clientele. Located in the prestigious Central Park District, the ultra-luxury twin-tower development introduces the branded global lifestyle concept to Sri Lanka and offers residents a premium living environment overlooking nearly 40 acres of Central Park and the Indian Ocean.

For investors, Home Lands’ track record provides further confidence in its ability to deliver. As Sri Lanka’s number one, most trusted, and most innovative real estate brand, Home Lands has been recognised as Best Developer – Sri Lanka at the PropertyGuru Asia Property Awards in 2021, 2024, and 2025, and became Sri Lanka’s only real estate Superbrand in 2025. With more than 5,000 residences sold, over 3,750 homes delivered with 400 more units ready to deliver within this year, and over 2,850 units currently under construction, Home Lands brings more than two decades of experience, scale, financial strength, and proven delivery capability to Central Park Boulevard Port City Colombo.

“Construction progress of Central Park Boulevard Port City Colombo is well underway, with 60% of the piling work completed already” said Mr. Nalin Herath, Chairman of Home Lands Group of Companies. “Our vision to bring a truly world class lifestyle development to Port City Colombo takes shape with the steady construction progress of Central Park Boulevard Port City Colombo”

Home Lands has also reinforced its long-term confidence in Port City Colombo through the acquisition of its second land parcel within the Central Park District, shortly after securing its first. The second land parcel acquired, spanning over 3 acres in extent, is similar in size and located adjacent to the land on which Central Park Boulevard Port City Colombo is being constructed. The acquisition further demonstrates the company’s financial strength and continued commitment to investing in Sri Lanka’s future driven by the potential of Port City Colombo.

With piling for Central Park Boulevard now 60% complete and construction progressing ahead of target, Home Lands once again reinforces its commitment to delivering landmark developments on schedule while creating lasting value for homeowners and investors, further strengthening its position as the developer of choice for those seeking the best in lifestyle choices and high returns.

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Altair, an address that elevates and defines contemporary living, stands as MosheSafdie’s architectural masterpiece and a powerful statement that buildings can achieve extraordinary feats. Rising above Colombo’s traditionally horizontal urban fabric of traffic and density, Altair introduced a different architectural grammar: a vision of living beautifully in Colombo through vertical innovation, space, light, and lifestyle.

Altair has recently unveiled a refined upgrade to its entrance and lobby, creating a renewed arrival experience for residents and visitors alike. Executed by Philip Weeraratne Associates (PWA), the enhancements were carefully designed to strengthen Altair’s premium residential identity while respecting the integrity and character of Safdie’s original architectural vision.

At the entrance, the previous frontage has been transformed into a bold and elegant architectural statement through the introduction of bronze-toned vertical fins, warm ambient lighting, lush greenery, and a central branded feature panel. The fins introduce rhythm, depth, and sophistication, while the integrated lighting creates a distinctive evening presence. Green walls and curated landscaping soften the built form and deliver a welcoming, resort-inspired arrival experience.

The lobby upgrade reimagines the dramatic triple-height volume as a luxurious residential lounge rather than merely a transitional space. While preserving the openness, natural light, and restrained material palette of the original design, the new concept introduces curated seating clusters, textured rugs, marble tables, indoor planting, and vertical green features. These interventions create intimate pockets within the expansive volume, bringing warmth, comfort, and vibrancy to the interior environment.

The existing vertical artwork, a key focul point, has been retained and complemented by a calm palette of soft neutrals, off-whites, blue accents, bronze finishes, natural stone textures, and lush greenery. The overall design language is one of understated luxury, achieved through proportion, texture, lighting, landscaping, and carefully curated detailing rather than excessive ornamentation.

“The overall design intent was to create a more refined identity for Altair — one that feels welcoming during the day and visually striking in the evening. The upgrades bring together architecture, landscape, interiors, lighting, and branding into a cohesive and immersive experience,” said Philip Weeraratne.

“The renewed entrance and lobby environment was one of many new investments made after last year’s purchase of Altair’s parent company by Blackstone and is part of the vision of the new management to enhance the everyday experience of residents, strengthen the arrival impression for visitors, and thereby reinforce the property’s lifestyle and hospitality-oriented character,” affirmed Thilan Wijesinghe, Strategic Partner of Altair’s owning company and Chairman of TWC Holdings.

The Community at Altair residence states that the lobby and entrance upgrades have infused Altair with renewed warmth, identity and sophistication.

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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.

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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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