Imperial Builders signs MoU with Nawaloka Construction Company for construction of Slave Island rede

Imperial Builders, developers of the Destiny Mall and Residency and Destiny 2, signed an MoU with Nawaloka Construction Company recently, handing over all construction work related to Block C&D of the Slave Island redevelopment program. 

Piling work for Block C&D was completed earlier this year and the superstructure work is currently underway. In keeping with a promise extended to the people of the area, Imperial Builders is not just committed to providing the residents of the area with housing but quality housing that will help uplift their lives in the process. 

Commenting on the appointment of Nawaloka Construction, Imperial Builders Managing Director Naveed Lakhani stated: “We have assigned the construction work to a construction industry leader in order to ensure proper quality standards are maintained and the work is completed as per schedule so that the relocated families can move into their homes with peace of mind.”

Commenting on the MoU, Jayantha Dharmadasa added: “We are glad to engage with Imperial Builders on this development and we aim to deliver on time as always.”

From left: Seong Byun - Director Nawaloka Engineering; Kalana Alwis – Director/CEO Nawaloka Construction Company; Jayantha Dharmadasa - Chairman Nawaloka Holdings; Amin Mughal - Executive Director Imperial Builders; Dilshan Kodituwakku - Partner Sales and Marketing Imperial Builders; and Hilmy Careem - Director Business Development 

In collaboration with the Urban Development Authority, Imperial Builders commenced work on a unique comprehensive plan in 2012 entitled ‘Slave Island Station Passage Redevelopment Program’. 

The motive behind the initiative was to beautify the skyline of Colombo and its surrounding areas. This project is expected to cost over $ 120 million, with a total extent of 525 perches of land in the heart of Colombo to be redeveloped. Based in Slave Island, a prime commercial area of Colombo, Phase I of this project is set to change the lives and lifestyles of the former dwellers of the land by developing modified apartments for them with much improved living conditions. 

For this purpose Imperial Builders Ltd. has commenced construction of modern apartments Block C&D. The relocation will be laid on the demarcated Railway Land where two individual blocks of multiple G+12 storeys will be constructed with all facilities. 

The relocation project’s construction work commenced in January 2013. Blocks A and B, built for the Railway Authority, are complete. The railway authority employees are currently occupying the premises. 

Piling and floor 5 of the superstructure for the Slave Island residents’ apartments Blocks C and D are complete currently with construction of these two buildings scheduled to be completed by 2017. 

Nawaloka Holdings is a one of the largest diversified conglomerates in Sri Lanka and has been in business for over 65 years. The company currently employs over 10,000 employees. The company has diversified its businesses into many sectors including Healthcare, Construction, Manufacturing, Trading, Lubricants and Aviation. The Holding Company has 26 companies including one listed company.

Imperial Builders, a BOI Section 17 approved company, is a subsidiary of the Lakhani Group established in Pakistan in 1979 and has extensive experience in the field of real estate development. Its success story spans over 37 years of experience in the construction industry, having developed multiple mega projects, residential units, condominiums, resorts, hotels, commercial office projects and shopping malls. Until this stage they have delivered 70,000 houses and 4.5 million square feet of commercial space across Pakistan. 

In addition to Imperial Builders, the Lakhani Group has 15 other companies under its umbrella, serving in different fields such as Education, Textile Manufacturing, Hospitality, Trading, IT, Fashion, Health and Finance.