- Home Lands has completed 60% of the piling work for its Central Park Boulevard Port City Colombo development, less than three months after the project’s launch.
- Construction is progressing 10% ahead of the original schedule, highlighting the project’s strong execution momentum.
- The development involves the construction of 192 piles, supported by nine piling machines operating at the site.
- Three major contractors are currently involved in the piling works:
- Access Engineering PLC
- Sanken Construction’s SanPiling (Pvt) Ltd.
- D P Jayasinghe Piling Company (Pvt) Ltd.
- Central Park Boulevard represents a USD 150 million investment by Home Lands, while the total project value is estimated to exceed USD 300 million.
- The development is described as the largest real estate investment undertaken by a single Sri Lankan developer and is expected to attract foreign currency through international marketing targeted at global buyers.
- Located in Port City Colombo’s Central Park District, the project will feature an ultra-luxury twin-tower development overlooking nearly 40 acres of Central Park and the Indian Ocean.
- Home Lands says its established track record—including more than 5,000 residences sold and over 3,750 homes delivered—provides confidence in its ability to execute the large-scale project.
- The company has further demonstrated its confidence in Port City Colombo by acquiring a second land parcel spanning more than three acres, adjacent to the current development site.
- Chairman Nalin Herath said the rapid construction progress marks an important step towards the company’s vision of creating a world-class lifestyle development in Port City Colombo.
- With construction running ahead of schedule and piling now 60% complete, Central Park Boulevard is emerging as one of Sri Lanka’s most significant luxury real estate developments, reinforcing Home Lands’ long-term commitment to Port City Colombo.
Home Lands’ Port City Project Reaches Major Construction Milestone – Executive Summary
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