Altair, the luxury commercial development in Colombo, stated that 70% of condominium units have been pre-sold.
Issuing a statement recently, Altair noted that the developers are confident that on completion, a high percentage of the many expressions of interest that are in the pipeline will convert to sales.
The soft opening of the common areas of Altair was held last week under the auspices of State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness Dr. Nalaka Godahewa, Colombo Mayor Rosy Senanayake, and Indian High Commission Head of Economic and Commercial Affairs Dr. Rakesh Panday.
Also present were Ministry of Urban Development and Housing Secretary Sirinimal Perera, Altair Advisor Shamahil Mofhideen, Board of Investment Chairman Sanjaya Mohottala, Altair Owners’ Association Chairman Malik Fernando, Indocean Developers Director Pradeep Moraes, Southcity Group Kolkata Representative Dr. Nirmal De Silva, Southcity Projects Vice President Manmohan Bagree, and Shapoorji Pallonji International Country Manager Malliarjuna, along with senior officials.
There was a symbolic handover of five apartments to owners selected from those who had completed their full payments at the earliest date, and also to two owners who had been first to book the property. The final completion of Altair, albeit delayed, is eagerly anticipated, and the handover of apartments would commence in the next few months.
Altair is the brainchild of Moshe Safdie, creator of Marina Bay Sands and the Jewel in Singapore, Tel Aviv’s Holocast Museum, Montreal’s Habitat 67, and Kauffman Centre Kansas, amongst others.
Altair comprises 404 luxurious apartments with ventilation, light, privacy, and the optimally laid-out living spaces as its design guidance. The project is on two acres of land leased from the UDA for 99 years, which converts to freehold status upon completion of apartments and the execution of Deeds of Transfer.
Altair pre-sells 70% of units
18 Mar 2021
Altair pre-sells 70% of units
18 Mar 2021
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