2 min read | Sep 17, 2025
The ground breaking ceremony of Pentara Residencies, Colombo’s most iconic twin-tower development by Home Lands Group, was successfully held on Thursday, 28th August 2025 at Thummulla Handiya, Colombo.
The event was graced by the Minister of Urban Development, Construction and Housing, Hon. Anura Karunathilaka, Chairman of the Urban Development Authority, Eng. (Mr) Kumudu Lal, Chairman of the Condominium Management Authority, Eng. (Mr) Bandula Karunarathne, Director General of the Board of Investment, Mrs. Renuka M Weerakoon, along with senior government officials, distinguished invitees, customers, and well-wishers.
Addressing the audience, Minister of Urban Development, Construction and Housing, Hon. Anura Karunathilaka noted:
“Private sector companies like Home Lands bring in large-scale investment, generate employment, and contribute significantly through billions in tax revenue. Pentara Residencies project alone contributes nearly Rs. 15 billion in taxes. Projects of this magnitude bring in foreign exchange to the country and tax revenue to the government which in turn enable the government to provide housing to low-income groups and support essential public services across health, transport, and education. Additionally, Pentara will create substantial job opportunities, further boosting the economy. I wish Pentara all the success”
Also speaking at the ceremony, Mr. Nalin Herath, Chairman/Managing Director of Home Lands Group, said:
“Pentara is the largest residential real estate investment by a Sri Lankan developer, with an investment of USD 110 million, equivalent to around Rs. 35 billion. Beyond this scale, the project contributes significantly to the national economy not only by bringing much-needed foreign exchange into Sri Lanka, but also by contributing billions of rupees in taxes to the government through this single investment.”
Having obtained all relevant approvals and clearances, Pentara Residencies continues to move forward, offering 45+ star-class amenities, including Sri Lanka’s first five star floating sky restaurant, the Sri Lanka’s first cantilevered sky pool, and an iconic sky bridge connecting the twin towers at level 30. Rising over 40 levels, the twin towers will house 362 units, featuring Deluxe Apartments, Sky Villas, Penthouses, and Sky Mansions. In just two and a half months since its launch, 50% of the units have already been sold, reflecting strong confidence from both local and international buyers.
The ground breaking of Pentara Residencies in Thummulla Handiya, successfully concluded with the laying of foundation stones, religious observances, and fellowship, officially marking the start of this landmark project, set to redefine luxury living in Colombo.
