Nivasie Malabe to complete by March, making it the largest housing project

The third and final phase of the Orchid project will be completed and ready to be occupied by March this year, making it the largest community with a mix of houses and apartments in Malabe to date. The final phase features a 160-unit 12 storied apartment which was recently also recognised as the project of the month by LankaPropertyWeb.com.

The entire project, an initiative by the premier housing development company Nivasie Developers built together with its parent company and renowned contractor International Construction Consortium Ltd. (ICC), consist of 170 houses and two apartments housing 94 and 160 units respectively, including three large individual swimming pools, two walking paths, two large ponds and a children playground; surrounded by lush green paddy fields. 

It experienced impressive sales especially among doctors and health professionals with many hospitals and institutions close to its vicinity, such as Dr. Neville Fernando Teaching Hospital, Millennium IT, Horizon Campus, SAITM, CINEC Campus, SLIIT, among many others. The apartments are ideal for families looking to get away from the bustle of the city but still remain in close proximity. Only a limited number of apartments are available and owning or investing in these apartments is made much easier by leading partnered banks and financial institutions that offers attractive and flexible payment structures.

It is predictable that there will be a visible increment on the property value due to the new proposed tax and infrastructure development taking place in the area. Malabe today trends as an ideal location for a home away from the city with many greenery surrounding nature- fresh air, less noise and a relaxing environment. In the past few months the city has seen many commercial and residential infrastructure developments, and has easy access to the outer circular highway.

An elevated ramp gives every apartment owners a stunning view of the surrounding. The apartments are fully-equipped with utilities, gas, telephone and cable television connections, fitted pantry cupboards, smoke and heat detectors, LED lamps, provisions for fitting air conditioners and a free parking spot, along with so many other features and amenities including waste water and sewer treatment facilities and beautifully landscaped gardens.

The Orchid project owned by Nivasie Developers Malabe Ltd. is a stunning 22-acre prime property in Malabe hosting an exclusive modern community with a mix of houses and apartments. It was also featured as ‘The Modern Village in Malabe’ by Lamudi, a leading property website. 

Nivasie and ICC together have successfully completed various projects, creating milestones in the construction and housing development industry large-scale housing development projects in Sri Lanka. With a rich and diverse experience for over 35 years, ICC has proved to be the country’s pioneering construction company renowned for maintaining quality standards and timely delivery.