One of Sri Lanka’s frontline construction firms, International Construction Consortium (Pvt) Ltd., has embarked on an ambitious Rs.4 billion apartment complex in Galle.
The oceanfront serviced apartments concept, initiated by ICC, is one which goes beyond horizons in the real estate industry.
Inspired by the success of service vacation condominiums on the beaches of Asia and Australia, the oceanfront condominiums, were first developed on the pristine beaches of Nilaweli and it paved the way for the expansion of the brand, ICC Chairman Harsha de Saram said in a media release.
“The construction on Oceanfront Condos, Galle, commenced in June 2018, and we have completed two floors. The project will be completed by June 2020,” he said.
This apartment complex will comprise 15 floors which will house 92 apartments. There will be seven large penthouses comprising square 2626 feet and 90 percent of the remaining apartments which will be Duplex apartments which will have two views of the sea at two different levels.
There will be three types of Duplex apartments.
Type A will have three bedrooms ranging from 1501 to 1597 square feet, Type B with three bedrooms ranging from 1548 to 1620 square feet, and Type F which will have two bed rooms on 958 square feet.
“What is unique about the entire concept of the company is that in sharp contrast to other developers, we do not pre-sell where the apartments are sold by showing the buyers the bareland, but we sell only on the commencement of the construction,” de Saram said.
A unique aspect of this project is that it will cater to both buyers who want it for residential purposes and also investors who live overseas who want to not only to buy them to stay in Sri Lanka but those who are on holiday here as well as those who are wanting to buy them to rent them out as well.
ICC will be arranging tenants for those who want to rent out their apartments as well, he said.
Some of the flagship projects of ICC include: Iceland Residencies at Galle face, Colombo 3, Anantara Tangalle, Institute of Technology, Moratuwa, and Havelock City, Colombo 6.
ICC which was established in 1980, is currently a Tier I general contractor and holds the highest rating by the Construction Development Authority of Sri Lanka. The portfolio of the company includes Government construction projects, local and foreign construction projects and self -developed design and built projects.
The company is also vertically integrated with its own metal quarries, readymade concrete plants pre-cast concrete plants timber and carpentry and steel fabrication workshops, eco- friendly partitioning solutions, solar power solutions, real estate development and a comprehensive fleet of plant and equipment.