NovaNest Properties launches Rainbow Apartments

Chairman Anisha Dharmadasa

CEO Samitha Waidyasekera

NovaNest Properties (Pvt.) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. 

The announcement was made at an official launch event held at Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.

The development is designed to cater to the homebuyers seeking modern urban living, as well as investors looking for long-term value. 

Rainbow Apartments is located in Ratmalana, an area of increasing residential interest and benefits from the suburb’s established social infrastructure, proximity to major transportation links and accessibility to Colombo.

The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. 

Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart and a children’s daycare. 

Additionally, it features a full-time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.

NovaNest Properties CEO Samitha Waidyasekera said, “With Rainbow Apartments, we are introducing a new standard of residential living in Ratmalana while creating a community where people genuinely enjoy coming home every day.”

NovaNest Properties Head of Brand and Communications Thilina Magalla said, “With Rainbow Apartments, our focus has been on how the project is experienced by prospective buyers, from the way it is presented to the way it connects with their expectations of location, convenience and long-term value.”