People’s Merchant launches ‘Green Meadow’

Food, clothing and shelter are known as basic human needs. However, presently there has been much attention given to housing, as more and more people strive to fulfil the dream of owning their very own home. Unfortunately, due to the current socioeconomic situation, many individuals and families find it difficult to make this dream a reality.

People’s Merchant PLC has developed a residential property project titled ‘Green Meadow’ consisting of 20 plots situated in a tranquil residential neighbourhood in Malabe. Set against quiet and serene surroundings, this valuable property features a clear title, pipe borne water, electricity, tarred roads, concrete drains and all amenities making ‘Green Meadow’ the perfect location to build one’s dream home.

This latest real estate project launched in December 2011 in Malabe saw 12 of its 20 plots purchased within a few days of the project’s launch, standing testament to its popularity and the trust placed in the company.

As a part of People’s Bank group, People’s Merchant PLC is backed by the stability and security of the Government sector and powered by the efficient management of the private sector. The company has provided residential housing and property solutions to many satisfied customers.

People’s Merchant PLC has completed and handed over multiple real estate projects under its wings to their new owners. For example, the projects ‘Summerside Garden’ in Athurugiriya and ‘Highway Terrace’ in Ranala were swiftly and efficiently completed and handed over to new home makers recently.

With the conclusion of 30 years of war, the new peaceful atmosphere in Sri Lanka along with the successful ‘Colombo Development Plan’ has increased the demand for high end residential and commercial property in Colombo and its surrounding areas, causing land prices to escalate dramatically. Additionally, the demand for property has risen further as more and more foreigners view Sri Lanka as a retirement destination. The increasing return of expatriates to the country has affected the growing demand for land as well.

Thus, People’s Merchant PLC purchases its land at very competitive rates, and develops the bare plots with enhanced infrastructure to provide a comfortable and convenient lifestyle to its future residents. Special attention is made to keep adverse effects to nature and the environment at a minimum, further enhancing the value of living in the area.

By operating under the slogan of ‘The right thing, at the right place, at the right time’, People’s Merchant PLC has been able to provide its customers with a superior range of services, including lands at less cost in comparison to competitors due to the company’s efficient mode of operations.

People’s Merchant assist customers to obtain bank loan facilities and also provide an in-house loan scheme, which can be obtained within a day. This scheme is best referred to as a total solution package offered to customers. Presently the company is targeting the middle and upper middle segments of the market, which comprises professionals, academics and businessmen that have the capacity to purchase.

The company which has been mainly operating in Colombo and its surrounding areas plans to further expand its services to Kandy, Kurunegala, Negombo and Gampaha shortly, catering to a wider audience with an extended array of services.

In this year, the company also plans to embark on more real estate and luxury housing projects in urbanised areas, providing prospective home owners an opportunity to live in an exciting city environment.

People’s Merchant PLC, backed by the strength of People’s Bank and the trust of the Government sector, now provides all Sri Lankans a unique opportunity to realise their dream of owning their very own home or land.

(Via discussion with Jeevana De S. Karunasiri, Senior Manager – Business Development, People’s Merchant PLC.)