Pentara Residencies Colombo – Newswire https://www.newswire.lk Sri Lanka's largest News aggregator Fri, 19 Dec 2025 03:35:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.6 https://www.newswire.lk/wp-content/uploads/2020/05/favicon.png Pentara Residencies Colombo – Newswire https://www.newswire.lk 32 32 Civil Appeals Court Refuses Injunctions with Costs – Home Lands’ Continues with Pentara Construction https://www.newswire.lk/2025/12/19/civil-appeals-court-refuses-injunctions-with-costs-home-lands-continues-with-pentara-constructioncivil-appeals-court-refuses-injunctions-with-costs-home-lands-continues-with-pent/ Fri, 19 Dec 2025 03:30:45 +0000 https://www.newswire.lk/?p=215748

The Civil Appellate High Court of the Western Province by Order dated 11th December 2025, refused to issue Leave toContinue Reading

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The Civil Appellate High Court of the Western Province by Order dated 11th December 2025, refused to issue Leave to Appeal and Interim Orders against the landmark Pentara Residencies project in Thummulla, Colombo.

In refusing the interim reliefs sought with costs the Civil Appeals Court held that the District Court was justified in declining to consider an enjoining order and in deciding to hear both parties on the application for interim injunction.

The Civil Appeals Court in refusing to grant the reliefs sought also held that the present action of the petitioners appears designed to avoid the application of the equitable maxim “delay defeats equity”. The Court noted that the Respondent Homelands having obtained all necessary approvals from the relevant authorities, has been engaged in the construction process for several months.

The petitioners, residents in the vicinity, had raised concerns regarding noise, vibration, and dust, and sought Enjoining Orders against Homelands from the District Court of Colombo. The District Court did not grant the Enjoining Orders sought as it noted that the construction had taken place for several months and accordingly the Court was not satisfied that the urgency required for the grant of an enjoining order existed.

The Civil Appellate High Court in making its ruling refusing the Leave to Appeal and the Interim Orders sought by the Petitioner also noted that the plaint itself recognized that three separate Government bodies had inspected and inquired into the concerns raised by the Plaintiffs including the the National Building Research Organisation (NBRO), the Central Environmental Authority (CEA), and the Electro Technology Laboratory.

The Plaintiffs being residents living in close proximity to the construction site had filed 12 separate actions in the District Court of Colombo The Plaintiffs included Dr. Radheeka Ranmali Abeyweera, Dulanie Priyantha, Gunasekara Siriwardane, Sohan Mario Anthony Thilina Fernando, Wanni Arachchi Appuhamilage Chinthaka Jinadasa Wijewickrama, Angulugaha Gamage Imesha Anudhini Wickramapala, Wickramapala Chitrangani, Lakshman Balasuriya, Janine Champika Dilrukshi Balasuriya, and Nikamal Milinda Weerasooriya.

The Plaintiffs had complained that piling, excavation and the use of heavy machinery had caused excessive noise, vibration and dust, adversely affecting their health and interfering with the peaceful enjoyment of their properties. On that basis, they sought enjoining orders temporary and urgent relief seeking to immediately stop construction pending further proceedings.

At the initial stage, the District Court declined to grant such relief, and directed that the matters be taken up after notice at the stage of interim injunctive relief. The residents then appealed to the Civil Appellate High Court. The Civil Appellate High Court was pleased to uphold the reasoning of the District Court stating that it found no reason to disagree with the District Court’s view and refused Leave to Appeal with costs in all 12 applications made by the Plaintiffs-Petitioners.

Home Lands Group’s 40-storey twin-tower residential development, Pentara Residencies in Thummulla, Colombo, is a Board of Investment (BOI) approved project, with an investment of USD 100–110 million (amounting to LKR 30–35 billion), which is the largest residential real estate investment by a single Sri Lankan developer. The project is backed by Hatton National Bank PLC, with large-scale funding for land acquisition. Home Lands successfully acquired nearly one acre of Colombo city land for the project at a record Rs. 4.5 billion, marking the largest land transaction in the history of Colombo.

Construction of Pentara Residencies in Thummulla commenced following its launch this year, after being awarded the Development Permit by the Urban Development Authority (UDA). Having obtained all statutory and environmental approvals including approval from National Building Research Organization (NBRO) and environmental approval from the Environmental Consultative Committee (ECC), the project is fully cleared, compliant and on track with its plan to build Colombo’s most iconic ultra luxurious 40 storey twin tower residential complex.

Mr. Alisabry PC, Mr. Kushan De Alwis PC, Mr. Eraj De Siva PC with Mr. Shanaka Coory AAL, Mr. Rajiv Wijesinghe AAL, Mr. Naamiq Nafath AAL, Mr. Shamith Fernando AAL, Mr. Aklanka Ukwatte AAL, Mr. Daminda Wijayaratne AAL and Mr. Sanjana Mapatuna AAL instructed by Sudath Perera associates appeared for the Defendants-Respondents

Mr Kuvera de Zoysa PC with Ishan Alawaturage and Harshula Yapa AAL appeared for the Plaintiff- Petitioners

 

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Home Lands Group Acquires Rs. 4.5Bn Colombo Property – Largest Land Deal in City’s History https://www.newswire.lk/business/home-lands-group-acquires-rs-4-5bn-colombo-property-largest-land-deal-in-citys-history/ Mon, 07 Jul 2025 11:37:03 +0000 https://www.newswire.lk/?p=194062 Home Lands

Key Highlights: 🔸 Largest land transaction in Colombo – Rs. 4.5 Billion+ 🔸 Highest price per perch ever recorded –Continue Reading

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Home Lands Group Sri Lanka, Pentara Residencies Colombo, Thummulla
Home Lands Group Sri Lanka, Pentara Residencies Colombo, Thummulla

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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