Leading infrastructure developer Iconic Developments announced that the unprecedented low interest rates on home loans, combined with the wide array of banking partnerships available for prospective homeowners of their apartment complex Iconic Galaxy, has contributed to building a safe and favourable landscape for investment.
Having earned its most loyal homeowners a value of around 20 – 30 per cent on their initial investment, Iconic Development’s construction of their newest luxury apartment complex is nearly fully complete are internationally minded and locally inspired and designed to the ‘pulse’ and ‘texture’ of Rajagiriya, imbibing the culture and the aspirations of the people.
“The COVID-19 pandemic and subsequent lockdown showed us the importance of building the ideal home – one which is self-contained and self-sufficient for peace of mind during these stressful times, but with the elegance and luxury to make day-to-day living a pleasure. The Iconic Galaxy truly fulfils those aims, and we’re delighted that we can offer this level of comfort and convenience to our prospective homeowners.
Through multiple financial partnerships with several banks, we have widened the scope of financing options available for homeowners. Adding to this, interest rates on home loans have recently plunged to single digits – customers should take advantage of these favourable conditions and take the leap of investing in the home of their dreams,” commented Iconic Developments (Pvt.) Ltd. Managing Director, Rohan Parikh.
The annual industry report published by the Research Intelligence Unit reaffirmed that the real estate industry as a whole has shown remarkable tenacity and resilience, despite the challenges posed by the pandemic. The eminent recommendation of the report was that the present time is especially favourable for investment, given the low-interest rates in the market.
Enhancing the ease with which customers are able to invest in an apartment, Iconic Developments has built strong financial partnerships with Sri Lanka’s premier financial institutions. Offering flexible payment options and special home loans for apartment buyers, Iconic Galaxy is affiliated with top Sri Lankan banks DFCC, HNB, NDB, Sampath Bank, Commercial Bank and Standard Chartered Bank.
The first to introduce a flood-proof construction and a rooftop landscape, the Iconic Galaxy will deliver 285 super-luxury, two, three, four and five bed-roomed apartments amidst a plethora of world-class amenities and services to complement the lifestyles of the buyers.
Located in the prime of Rajagiriya’s upscale locality, the apartment complex is accessible from two roads and is perched on the trunk route of the Buthgamuwa Road. True to its name, Iconic Galaxy provides 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.