NLH Holdings invests Rs. 1.2 b for Glisten Rise Residencies

NLH Holdings Chairman Duminda Mayadunna and other invitees at the ground-breaking

NLH Holdings Ltd. broke ground for their second apartment complex, Glisten Rise Residencies at old Chilaw Road, Negombo last Saturday.

NLH Holdings Chairman Duminda Mayadunna said that they will invest Rs. 1.2 billion for this project, which would be completed by April 2021.

Glisten Rise Residencies, standing 10 storeys tall, will be crowned by a rooftop, swimming pool, club house, and sundeck, terraced garden, rooftop kids play area, and a reading area that overlooks Negombo city and the coastline. The complex comprises 37 individual apartments that include 33 two-bedroomed apartments and four penthouses, providing potential residents with a wide array of choices.

The overall design and contract for the project is handled by Skygate Construction Ltd. The apartments are designed in such a manner that it maximises the efficient use of space and natural lighting, makes apartments at Glisten Rise Residencies appear larger, with spacious bedrooms and living spaces, and providing abundant lighting and ventilation. 

Renowned international brands of fixtures and fittings have been integrated into the design and construction, along with Wi-Fi and satellite TV facilities available for all residents. Elevators and standby generators add to the convenience and comfort of living in the luxury apartment complex.

Glisten Rise Residencies also includes a grocery/welfare shop, open restaurant, hydraulically operated car park for both residents and visitors, meditation centre, emergency staircase, gymnasium, 24-hours security with guards, CCTV cameras at prominent locations, centralised gas system, and many other facilities. In addition, backup generators, garbage disposal, rainwater disposal, and fire protection system will be installed.

Apartments will be priced from Rs. 9.1 million upwards, and the management targets the property to Sri Lankan expatriates – mainly working in Italy – locals, and also foreigners.

Matarage Real Estate Consultants Ltd., having 12 years of experience in the field, will be marketing the property. They have already launched a website that is updated daily. Prospective buyers could also walk through the feature of apartments via the website, and whenever an apartment is sold, the website would update it and remove it from the sales list.

NLH Holdings also started construction of Templer’s Residencies in Templers Road, Mount Lavinia, last October, and will be completed by the end of December 2019. The exclusive gated community project is being built with an investment in the excess of Rs. 2.2 billion.

Templer’s Residencies would include 34 exclusive luxury houses built with the epitome of style, giving high attention to details and quality.