Indian giant ITC optimistic of SL’s demand for luxury apartments, tourism
Invests $ 300-400 m in integrated venture comprising 50-floor The Sapphire Residences with 132 luxury private residences and 30-floor five star hotel with 352 rooms opposite Galle Face
Venture to have South Asia’s first ever 54-metre sky bridge connecting the two buildings Says Colombo and SL are primed with best growth potential in South Asia
We are bullish on SL despite the negative press; SL a paradise island and modern hub set for growth
Insists best time to invest as real estate still cheap
Average size of each apartment is 5,000 sq.ft plus; 4-bedroom residences priced between $ 2.5 m and $ 3.2 m; 2-bedroom apartments $ 1.4 m upwards
Two master penthouses of 19,000 sq.ft each to cost $ 10 m
India's diversified giant ITC Group on Friday expressed growing optimism on ...