Coral Holdings unveiled its supper luxury apartment complex on Marine Drive, Colombo 4 recently at a ceremonial launch at the Global Tower, Colombo 6 under the patronage of Justice Minister Wijeyadasa Rajapakshe and Opposition Leader R. Sampanthan graced the event.
Coral Holdings is one of the leading property developers in the country based in Colombo having established initially under the name Coral Construction (Pvt.) Ltd in the year 2003. During the past 13 years, it involved actively in acquiring, developing and managing residential and business complexes of different magnitudes.
The past experience of the company in the industry prompted the Coral management to have an energetic in-house team of construction personnel comprising engineers of various disciplines, architects, lawyers, auditors, etc., to take forward the activities more efficiently.
With the unstinted support, guidance and contribution of this dynamic team, the company is able to incorporate the latest technological innovations in the successive projects and meet the desires and aspirations of the clients by providing apartments with more modern comforts, amnesties and facilities. Thus, in the past, they were able to successfully complete 10 luxury and super luxury condominium complexes and a shopping mall in Gampaha with a minimum investment of around Rs.250 million on each.
The project launched - Coral Plus - was the 11th project. The approximate cost of the project will be Rs.1 billion.
Coral Holdings is a diversified conglomerate with subsidiary companies Coral Property Developers (Pvt.) Ltd, Basran Builders (Pvt.) Ltd, Mangai (Pvt.) Ltd, Coral Saffron (Pvt.) Ltd, Coral City (Pvt.) Ltd, Coral Water (Pvt.) Ltd and Larco Automobiles.
The lifestyle and needs of the present clientele are quite different and changed considerably when compared to that of the clientele 10 years back and they look for comforts and facilities available in the Western world. As developers, the team listened to feedback and suggestions from hundreds of such clients and prospective buyers.
Striving to accommodate all such demands in its subsequent projects, the company incorporated new features such as saloon, mini supper market, coffee shop, laundry, library, swimming pool, gymnasium, two-level car park, barbecue pavilion, etc., in addition to the normal facilities like standby generator, lighting arrestor in its Coral Plus Complex project.
The location of this new complex is at No: 40, Ridgeway Place, Bambalapitiya with sea frontage. This new complex provides not only a panoramic view of the sea but also the cool breeze 24 hours of the day.