Home Lands Skyline kicks off $ 40 m landmark lagoon front apartment project in Negombo

Thursday, 20 February 2025 00:00 - - {{hitsCtrl.values.hits}}

Home Lands Skyline, is gearing up to transform the coastal town of Negombo by acquiring 7 acres of premier lagoon front land for a $ 40 million landmark development project that is set to make history as the first tourist resort apartment in Sri Lanka.

Located on the Negombo-Colombo main road, this landmark project is conveniently located just 10 minutes away from the Bandaranaike International Airport (BIA) and a mere 5 minutes away from the nearest expressway interchange. The project will provide over 40 amenities including an international standard restaurant and clubhouse. The existing Avenra Bayfonte restaurant is set to undergo a transformation, evolving into an internationally recognised establishment that meets global standards in the near future. While its stunning lagoon front will provide opportunities for engaging in lagoon activities, the development is also poised to create a thriving community hub that combines luxury, functionality and environmental responsibility, setting a benchmark in modern urban living while also creating significant economic and social benefits for the region. Additionally, its unique all-round attributes will allow for residents to generate a Return of Investment of up to $ 125 per day, making it one of the most lucrative investment options in Sri Lanka’s real estate sector.

The project will consist of five numbers of residential towers featuring a mix of modern apartments and 40 luxury villas. Each tower will rise to seven floors, with two of the towers comprising eight two-bedroom apartments per floor, ranging in size from 900 sq.ft to 1,095 sq.ft. The other three towers will house eight three-bedroom apartments per floor, with unit sizes varying from 1,270 sq.ft to 1,375 sq.ft. The thoughtfully designed layouts and spacious interiors aim to offer residents unparalleled comfort and elegance, catering to both long-term occupants and short-term vacationers.

One of the most exciting aspects of this project is the community it will foster. Unlike traditional apartment complexes, this development is envisioned as a vibrant, interactive space where residents can connect, socialise, and create meaningful experiences. From yoga sessions by the lagoon to gourmet dining experiences at the on-site restaurant, the project is thoughtfully curated to offer something for everyone.

Home Lands Group Chairman Nalin Herath said: “At Home Lands, we believe in constantly pushing the boundaries of real estate development in the country. This ground-breaking project on this site will feature as the first tourists resort apartments in Sri Lanka, with state-of-the-art residential apartments and villas, modern amenities and sustainable construction methods. Our initial plans include architecturally striking structures that perfectly blend with the natural surroundings, while offering world-class modern amenities, accessibility, convenience and sustainability.”