Business News: Leading infrastructure developer Iconic Developments, developer of Iconic 110 and Iconic Galaxy in Rajagiriya, successfully concluded its stint as the Gold Partner for the largest real estate event the Lanka Property Show 2020.
Organized and hosted by Lanka Property Web, Sri Lanka’s premier real estate website, at the Kingsbury Hotel for the fourth consecutive year, the event offered visitors numerous options and solutions available in the property market today. The event which was attended by prominent developers, provided prospective homeowners previews of new property launches, exclusive deals for on the spot reservations and attractive finance options.
“We are delighted to have been the Gold Partner for one of the most anticipated events in the Sri Lankan real estate calendar which strives to connect prospective homeowners with all options available in the market today.
The real estate sector experienced a boom in recent years and given the current economic conditions; we expect the trend to continue well into the future. Prices of properties across Sri Lanka skyrocketed due to the demand from local and foreign consumers in search of ideal self-contained living spaces, especially in Colombo and its suburbs. However, with the recent VAT exemption for the industry, we see the demand for housing increase further,” Iconic Developments Managing Director Rohan Parikh said.
The luxury Indian apartment developer saw over 400 visitors at its stall promoting the latest high-end modern self-contained luxury living space the Iconic Galaxy situated at Rajagiriya’s upscale locality. The apartment complex, scheduled to be complete construction by end 2020 will contain 272 super-luxury, two, three and four bed-roomed apartments amidst a plethora of world-class amenities and services to complement the lifestyles of buyers.
Having completed 80% of construction, the luxury apartment complex which scheduled to be ready for occupancy by November 2021, will offer rooftop landscape gardens constructed to environmental standards, a 7-level private club worthy of a 5-star hotel, private guest suites for overnight visitors, and on-site conveniences that include a supermarket, business centre, beauty salon and laundromat. The Iconic Galaxy is the second successful project of the real estate developer following the completion of the Iconic 110 at Parliament Road, Rajagiriya.