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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The Embassy of Sri Lanka in the United Arab Emirates and the Consulate General of Sri Lanka in Dubai and the Northern Emirates, in collaboration with Colombo Port City Economic Commission and CHEC Port City Colombo Pvt. Ltd., hosted Globalisation and the Sri Lankan Opportunity – From Recovery to Relevance: Sri Lanka’s Moment in the Evolving Global and Regional Economy, an invitation-only diplomatic and investment engagement at The Ritz-Carlton, Dubai International Financial Centre.

The forum brought together approximately 200 senior leaders from across UAE corporates and business chambers alongside Sri Lanka’s most senior diplomatic and investment representatives – among them senior executives from Sobha Realty, Binghatti, Oracle, Emirates Airlines, First Abu Dhabi Bank, JLL, Cushman & Wakefield, CBRE, IFS, Danube and Samana Developers – reflecting the depth of interest from the UAE’s leading industries in Sri Lanka’s evolving economic proposition.

Opening the forum, H.E. Prof. Arusha Cooray, Ambassador of Sri Lanka to the United Arab Emirates, set the tone for a morning of substantive dialogue, speaking to the depth and durability of the UAE–Sri Lanka partnership, one built on decades of trade, people, and shared economic ambition, and affirming Sri Lanka’s commitment to taking that relationship into a new chapter defined by what Sri Lanka can offer UAE businesses seeking to grow their presence across South Asia.

The keynote address was delivered by Mr. Ghanim Al Falasi, CEO of Falak Tayyeb Platinum and Senior Vice President/Director General’s Office for of Dubai Silicon Oasis (DSO), who drew on over a decade of senior leadership experience in the UAE’s innovation and technology ecosystem to frame the question of what South Asia’s emerging platforms offer to forward-looking UAE businesses. He noted that while Dubai provides global access to capital and logistics, Colombo offers strategic access to South Asia, and that together the two cities can function as complementary platforms serving different but mutually reinforcing roles in the regional economy.

H.E. Hanif Yusoof, Presidential Special Envoy for Foreign Investment of Sri Lanka, delivered strategic perspectives on Sri Lanka’s investment vision, underscoring the President and Government’s commitment to Port City Colombo as the flagship vehicle for the country’s long-term economic transformation. Yusoof positioned Sri Lanka firmly as a transformation story rather than a recovery story, emphasising that Sri Lanka today offers UAE businesses something rare in South Asia – a jurisdiction that combines regional proximity with genuine institutional credibility, anchored in a platform that is operational, investable, and ready. He invited UAE businesses to see Port City Colombo and Sri Lanka as a gateway to South Asia in the same way that Dubai serves as a gateway to the Middle East and North Africa, enabling businesses already established in the Gulf to expand their regional footprint without starting from scratch.

Mr. Harsha Amarasekera PC, Chairman of the Colombo Port City Economic Commission, provided a detailed overview of Port City Colombo’s current commercial momentum, the strong investment interest that has crystallised in the last 12-18 months resulting in significant visible progress. The Chairman emphasised that the project is designed as a complementary, supportive, and collaborative platform – one that offers UAE companies a footprint from which to expand into South Asia, rather than a competing proposition to the Gulf’s established business ecosystem.

Mr. Revan Wickramasuriya, Director General of the Commission, elaborated on the governance architecture underpinning Port City Colombo, highlighting the investor protection mechanisms, long-term tax incentives, and rules-based regulatory environment that distinguish the SEZ, noting that the framework was designed from inception to meet the expectations of internationally mobile capital.

The centrepiece of the forum was a moderated panel discussion that drew all these threads together, exploring the global reconfiguration of business operating models, the deepening relationship between the Gulf and South Asia, and Sri Lanka’s specific role within that emerging picture. Moderated by Kris Wadia, the panel featured experts in their respective industries – Aaron Russell-Davison, Skandan ‘Ramesh’ Mahalingam, Bapsy Dastur and Thulci Aluwihare – whose combined perspectives across international capital markets, legal and governance advisory, UAE business development, and real estate produced a substantive and wide-ranging conversation that resonated strongly with the audience.

With the aim of deepening investment ties in the Gulf region, the forum also marked the ceremonial onboarding of Mr. MujtabaShaikhani, Founder and Principal of MH Investments and Managing Director of Gulf O Flex, as a Strategic Partner and Director for GCC and Pakistan of CHEC Port City Colombo (Pvt) Ltd. With operations spanning the UAE, Saudi Arabia, and Sri Lanka, and recognised on the HVAC Power 30 list and as CEO of the Year by CBN Middle East.

The formal programme concluded with a vote of thanks delivered by Hon. Alexi Gunasekera, Consul General of Sri Lanka in Dubai and the Northern Emirates, who spoke to the significant potential he sees in UAE–Sri Lanka trade and his efforts to broaden interest across the Middle East and UAE in what Sri Lanka has to offer. He underscored that Sri Lanka had not come to Dubai to tell a story of the past, but to extend an invitation to be part of the story being written now – one in which UAE businesses and investors have a defining role to play.

Mr. Xiong Hongfeng, Managing Director of CHEC Port City Colombo (Pvt) Ltd, reflected on the significance of the forum for Port City Colombo’s regional outreach. “The interest we have seen at this forum from some of the UAE’s most significant businesses and investors is a reflection of what Port City Colombo represents: not just a development in Sri Lanka, but a platform for South Asia; one that offers the regulatory clarity, physical quality, and regional connectivity that globally mobile businesses and capital have been looking for.”

The forum marks a significant step in Sri Lanka’s structured engagement with the Gulf investment community, and reinforces Port City Colombo’s positioning as the institutional platform through which South Asia’s next chapter of growth becomes accessible to UAE businesses and investors. The event was the culmination of close coordination between the Consulate General of Sri Lanka to Dubai and the Northern Emirates and Port City Colombo, with the Consulate General’s office playing an instrumental role in ensuring the successful delivery of an engagement that reflected the depth and ambition of the bilateral relationship.

For more information on investment opportunities within the Colombo Port City Special Economic Zone, please visitwww.portcitycolombo.lk. For details on the regulatory framework, Single Window Investment Facilitation services, registered businesses, and application procedures, please visitwww.portcitycolombo.gov.lk.

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Home Lands is set to make history with Sri Lanka’s largest-ever real estate launch, unveiling Central Park Boulevard Port City Colombo, The Indian Ocean’s Next Wonder. The launch, titled “The Grand Launch Weekend,” will comprise a series of events taking place from 12th to 14th June 2026 at the Lumina Ballroom, Cinnamon Life at City of Dreams.

The Grand Launch Weekend will commence with “The Night of Emeralds” on Friday, 12th June 2026, marking the official launch of Central Park Boulevard Port City Colombo. The glamorous opening night is expected to bring together an exclusive gathering of distinguished business leaders, celebrities, social influencers, and prominent personalities from Sri Lanka and overseas, alongside celebrated Bollywood stars : Shilpa Shetty, Aditya Roy Kapur and Jacqueline Fernandez. Home Lands will also be welcoming world renowned cricket legend  Mahela Jayawardene as the company’s newest Brand Ambassador at this prestigious event, a partnership which reflects a shared legacy of trust, excellence, and international recognition. The weekend will continue with a carefully curated series of elevated experiences, including The Boulevard Brunch, The Boulevard High Tea, and The Boulevard Sundowner on Saturday, 13th June, followed by The Boulevard Evening on Sunday, 14th June. These exclusive experiences will provide visitors with the opportunity to explore the project in greater detail and engage with the Home Lands team in a sophisticated and immersive setting. Reflecting the scale, prestige, and significance of the development, the launch has been designed as more than an unveiling, but a landmark occasion befitting the most ambitious and anticipated real estate development in Sri Lanka.

This is the first time in Sri Lanka, a high rise development project is inspired by an ultra-luxury international lifestyle brand, introducing a new benchmark in luxury living. Central Park Boulevard Port City Colombo features world-class amenities and premium value additions. Located in the Central Park District, this twin-tower development rises 37 levels and is poised to become one of Port City Colombo’s most iconic landmarks. Overlooking and seamlessly merging with nearly 40 acres of lush green parkland and a scenic waterway, while offering uninterrupted views of the Indian Ocean and spectacular sunsets, its sleek architecture blends seamlessly with the curated landscape of the Central Park, creating a tranquil oasis within a futuristic city. Central Park Boulevard Port City Colombo presents an exceptional collection of over 640 units, thoughtfully designed to suit a diverse range of modern lifestyles.

Beyond its lifestyle appeal, Central Park Boulevard offers exceptional investment potential. This iconic twin-tower development is expected to attract large inflows of foreign currency into the country, with the total project value estimated at over US$ 300 million. The project investment of US$ 150 million, by Home Lands, marks the largest real estate investment by a single Sri Lankan developer. Reflecting the strong confidence investors have already placed in the project, an exceptional 50% of units have already been sold ahead of the official launch, underscoring robust market demand and the development’s compelling investment proposition.

Following the launch weekend, Home Lands will officially open the Central Park Boulevard Port City Colombo Sales Gallery on Monday, 15th June 2026.  The Sales Gallery will provide an immersive introduction to the development’s vision, design, investment potential, and lifestyle offering, allowing visitors to experience firsthand the future of luxury living at Port City Colombo.

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Port City Colombo has been named the ‘Best Knowledge Zone – Asia Pacific Region’and received a ‘Highly Commended’ citation for Sustainable Zones in the prestigious Global Free Zones of the Year 2025 rankings by fDi Intelligence, an imprint of the Financial Times (UK).

The annual Global Free Zones of the Yearawards by fDi Intelligence recognises the most promising free zones around the world—those that demonstrate exceptional potential in fostering foreign direct investment, innovation, and sustainable economic growth. Port City Colombo’s recognition underscores its growing reputation as South Asia’s premier Special Economic Zone (SEZ) and a catalyst for knowledge-based industries and investment.

Commenting on the achievement, Mr. Xiong Hongfeng, Managing Director, CHEC Port City Colombo said: “Being recognised by fDi Intelligence is a testament to the strong foundations we are building at Port City Colombo not only as a hub for international business, but also as a model for sustainable, knowledge-driven urban development in the region.”

Port City Colombo was awarded, ‘Best Knowledge Zone – Asia Pacific Region,’ based on the SEZ’s progressive regulatory framework that offers prospective investors an environment conducive towards enhancing the ease of doing business in South Asia. The judging panel specially highlighted the Colombo Port City Special Economic Zone’s assortment of fiscal and non-fiscal incentives, the International Alternative Dispute Resolution Centre that reinforces investor confidence, and the focus on driving the development of service-based sectors including IT/IT-es, professional services, maritime & logistics, and so forth.

The ‘Highly Commended’ mention for sustainability further underscores Port City Colombo’s commitment to environmentally responsible urban growth with infrastructure projects prioritising green spaces, energy efficiency, and coastal resilience.

fDi Intelligence is the specialist Foreign Direct Investment publication of the Financial Times, UK. Its annual Global Free Zones of the Year rankings benchmark excellence in investment promotion and sustainable economic zone development worldwide.

To learn more about the investment opportunities at Port City Colombo, please visit www.portcitycolombo.lk. For information on Single Window Investment Facilitation and regulatory matters, please visit www.portcitycolombo.gov.lk.

PORT CITY COLOMBO – Sri Lanka

Poised to redefine Sri Lanka’s economic and societal landscape, Port City Colombo is a visionary multi billion dollar FDI funded project located at the very heart of the South Asian region the vibrant, thriving metropolis of Colombo in Sri Lanka. Positioned as the gateway to South Asia, it offers a unique combination of global investment opportunities, international business environments, world-class infrastructure, and sustainable yet cosmopolitan living. As a Special Economic Zone (SEZ), Port City Colombo will feature a business-friendly environment including tax incentives, exemptions, and preferential corporate tax rates for Businesses of Strategic Importance (BSI’s), and transactions in foreign currencies, with no capital or exchange controls, and up to 100 percent foreign ownership. Port City Colombo aims to emulate the successful economic models of Dubai or Singapore, whilst reinforcing the broader commitment to sustainability and liveability.

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In a powerful showcase of Sri Lanka’s rebounding economy, Port City Colombo joined forces as Strategic Partner at the Sri Lanka Investor, Trade & Tourism Forum 2025 in Kuala Lumpur. Hosted by the Sri Lankan High Commission in Malaysia and CHEC Port City Colombo (Pvt.) Ltd, the event spotlighted Sri Lanka as a rising investment destination with Port City Colombo at its centre.

Held at the prestigious Royal Selangor Club, the forum welcomed Sri Lanka’s Minister of Foreign Affairs, Foreign Employment & Tourism, Hon. Vijitha Herath, alongside Malaysia’s Deputy Minister of Investment, Trade & Industry, Hon. Liew Chin Tong. High Commissioner M.I. Mohamed Rizvi, Royal Selangor dignitaries, and South East Asia Division Director General Chamari Rodrigo also graced the occasion.

Prominent chambers and councils including NCCIM, MATRADE, FMM, MSBLC, FOMSO and leading Malaysian entrepreneurs and real estate developers congregated, keen to explore Sri Lanka’s investment narrative.

A Bold Vision for Port City Colombo
The Port City team delivered a compelling presentation, unveiling the project’s visionary blueprint, Special Economic Zone (SEZ) incentives, and its ambition to be South Asia’s financial and service export gateway. The presentation underscored tax benefits, multi‑currency operations, 100% foreign ownership, and modern infrastructure positioning Port City as Sri Lanka’s answer to Dubai or Singapore.

Following the presentation, a vibrant Q&A session fostered dialogue on cross border investment facilitation and Sri Lanka Malaysia economic collaboration.

Sri Lanka: Investment Ready and Stable
Acting High Commissioner Rizvi emphasised that Malaysia’s business community is increasingly aware of Sri Lanka’s economic recovery, enhanced financial stability, and investor friendly governance.

This strategic forum marked another proactive milestone in Port City Colombo’s international outreach leveraging diplomatic platforms to attract high‑value Southeast Asian FDI.

Port City Colombo
Spanning 2.69 km² of reclaimed land off Galle Face, Port City Colombo is Sri Lanka’s ambitious multi service SEZ. It is divided into five precincts Financial District, International Island, Marina, Island Living, and Central Park Living and will integrate a financial hub, luxury residences, convention centre, university campus, marina, and downtown duty free complex.

Key investor benefits include:

• Up to 25 years of tax exemptions
• 100% foreign ownership and capital profit repatriation
• Multi-currency SEZ operations with no exchange controls
• Investor visas (5–10 years) with family privileges

Currently attracting nearly US$1 billion from LOLC Holdings and CHEC for major mixed use projects.

Next Steps
Port City Colombo continues its international engagement in the Philippines, Thailand, and the UAE securing its reputation as a strategic pillar of Sri Lanka’s economic resurgence.

Interested investors can learn more via the Port City Colombo website or the Colombo Port City Economic Commission portal.

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IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as ‘IGT 1 Lanka’, the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agreement to officially on-board as office tenant at the Business Centre at Port City Colombo. The leasing agreement was signed by Sal Laher, IGT 1 Chief Digital and Information Officer (CDIO) and Managing Director of IGT 1 Lanka, and Xiong Hongfeng, Managing Director, CHEC Port City Colombo (Pvt) Ltd. The Parent Companies, EQT, Hg, and TA Private Equity, already have significant investments in Sri Lanka, and look to leverage the modern infrastructure and advantages offered by Port City Colombo. This milestone continues to build on their success in Sri Lanka the last 27 years with IFS, where they have over 3,000+ tech staff, and further enhances their contribution to the country’s economy.

Reinforcing the joint commitment by IGT 1 Lanka and Port City Colombo to contribute towards Sri Lanka’s emergence as a regional tech hub, IGT 1 Lanka is projected to inject at least 1,000 direct employment opportunities into the Sri Lankan economy within Port City Colombo by 2027 and foster a thriving local IT community.

IGT 1 Lanka has agreed to lease out two office buildings of office space at the Business Centre with a planned headcount of approx. 500 employees. This advancement will augment the proposition of the Business Centre at Port City Colombo, a premier IT and business park, which aims to provide a contemporary workspace where IT businesses could operate, exchange knowledge, and drive new advancements in technology, including generative AI.

As a registered Authorised Person (AP) approved by the Colombo Port City Economic Commission, IGT 1 Lanka will also be one of the several international IT companies to set up business operations within the area of authority of the Colombo Port City Special Economic Zone.

‘We are pleased to announce that IGT 1 Outsourcing Lanka (Pvt) Ltd has officially on-boarded as an office tenant at the Business Centre at Port City Colombo. This instrumental partnership with IGT 1 Lanka will enable Port City Colombo to emerge as a progressive business environment that is at the forefront of technological trends in the South Asian region. We are also proud to partner on a significant venture that would support the growth of a competitive digital economy that promotes the long-term economic development of Sri Lanka,’ said Xiong Hongfeng, Managing Director, CHEC Port City Colombo (Pvt) Ltd.

’IGT 1 Lanka has achieved several major milestones within the last year since registering as a Port City company, including serving portfolio customers based in the Americas and Europe, recruiting a workforce of 370 staff in just nine months, and today marks yet another major milestone in our journey to contract two office buildings within the IT Hub of the Business Centre at Port City Colombo. This cements our commitment and contributing to Sri Lanka as well as our strategy for growth over the next few years’, said Sal Laher, IGT 1 Chief Digital and Information Officer (CDIO) and Managing Director, IGT 1 Outsourcing Lanka (Private) Ltd.

As a Public-Private Partnership, Port City Colombo remains committed to facilitating strategic investments including IGT 1 Lanka, and focusing on supporting streamlined and timely approval processes, with the active collaboration of the project’s public and private stakeholders, to truly enhance the ease of doing business.

To learn more about the attractive investment opportunities at Port City Colombo, please visit www.portcitycolombo.lk. For information on Single Window Investment Facilitation and regulatory matters, please visit www.portcitycolombo.gov.lk.

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