Sri Lanka central hill city to get mixed development

Feb 18, 2013 (LBO) - A twin tower property project made up of apartments, hotel and restaurant will be built in the central hill city of Kandy by a firm promoted by expatriate Sri Lankans from the area, the island's investment promotion office said. Sri Lanka's Board of Investment said the project by GVR Lanka (Pvt) Ltd, a firm promoted by Mahasen Samaravijaya and Mohan Chandramohan, both Kandy-born businessmen from the US, will overlook Mahaweli River.

"We want to be an integral part of Sri Lanka’s success and more importantly, to do something for our hometown - Kandy," a statement by the BOI a quoted Chandramohan as saying.

The BOI said the first phase of the project involves a 15-storey tower which will have 26 two bedroom apartments, 52 3-bedroom units and 4 penthouses.

The second phase would be a 21-storey tower with 144 hotel rooms and serviced apartments. The tower will also have a spa, function halls, rooftop restaurants with a 360-dgree view of the mountains, the Mahaweli River and Kandy city.

No investment value was given for the project, which is to styled 'Oasis of Tranquility.'