May 13, 2014 (LBO) – India’s Krrish which has been given city centre land in Sri Lanka’s capital Colombo is expected to settle its balance payments in three months, an Urban Development Authority official said. Perera said Krrish had recently signed an agreement with a construction contractor, which had been shown to them, they he was confident that the project will start.
UDA chairman Nimal Perera said Krrish had already paid 87 percent of 4,995 million rupees for state land.
“They have promised to settle the balance amount with the legal interest within the next three months,” Perera said.
Krrish had run into controversy over repeated delays on paying for the land with earlier reports saying the latest deadline was May 26.