Waterdale Residencies by Home Lands Group recognized as a BOI approved project

Home Lands Group of Companies proudly announces that the group’s flagship apartment project, Waterdale Residencies, bordering Colombo 07, has recently been recognized as a BOI approved project for its high potential to foster economic development and attracting foreign investment. Accordingly, a USD 61.56Mn worth agreement came into effect between Home Lands Group and the Board of Investment of Sri Lanka (BOI). The agreement signing took place at the BOI Head office premises with the participation of Home Lands Group Chairman Mr. Nalin Herath, Director Mrs. Harshani Herath, Executive Director Ms. Amaya Herath, BOI Chairman Mr. Dinesh Weerakkody and several other dignitaries.

Waterdale Residencies is a 27-floor ultra-luxury apartment project featuring 2 dedicated amenities floors, 202 units including 2 and 3 bedroom apartments, penthouses, duplexes. Strategically located in Tickell Road with just few minutes from the commercial capital Colombo, the project offers seamless connectivity to all urban residential perks including educational institutes, hospitals, shopping centers, restaurants, hotels and transport facilities including easy access to the highway.

Waterdale Residencies shall significantly boost the national economy by creating thousands of direct and indirect job opportunities across the construction, property management, maintenance and hospitality sectors. Colombo being a major real estate investment hub, bolstered by rapid infrastructure development and top-tier amenities, position this project as a significant investment opportunity for both local and international investors.