The initiative is poised to bring significant foreign currency investments into Sri Lanka, with the overall project valuation exceeding USD 300 million.
In a significant advancement for Port City Colombo, which is seen as a pivotal moment for Sri Lanka’s economic growth, Home Lands Group’s Home Lands Port City (Pvt) Limited has finalized a Sales and Purchase Agreement (SPA) with CHEC Port City Colombo (Pvt) Limited. This agreement pertains to the construction of a remarkable twin-tower high-rise development in the Central Park district, which will be integrated into and overlook 40 acres of verdant parkland. The investment of USD 150 million by Home Lands represents the largest real estate commitment made by a single Sri Lankan developer. The total value of this iconic twin-tower project is anticipated to surpass USD 300 million, thereby attracting substantial foreign currency inflows into the country.
Dr. Nalinda Jayatissa, the Cabinet Spokesperson and Minister, previously announced during a media briefing following the weekly cabinet meeting that Home Lands Port City Ltd. will be undertaking the development of an eco-friendly luxury twin residential tower, classified under “approved projects”. This high-rise project is set to provide over 600 ultra-luxury units that encompass exceptional residential, commercial, and recreational spaces within an elite environment, complete with world-class amenities. The residential offerings will include one, two, and three-bedroom apartments, premium villas, and penthouses. The strategic design of the Central Park district and the planned layout of Port City Colombo will allow residents of this twin tower project to enjoy unobstructed views of the Indian Ocean, sunsets, and scenic waterways.
Home Lands is recognized as Sri Lanka’s leading and most reputable developer, with a strong commitment to shaping the real estate sector through a foundation built on trust, innovation, and excellence. The company is a pioneer in resort-style residential developments in Sri Lanka and continually redefines modern living standards, establishing new benchmarks in quality and design. As a fully integrated group comprising 14 companies, including its construction division, Heyraa Construction, which holds the highest CS2 grading from CIDA, Home Lands provides comprehensive solutions across real estate, construction, property management, and lifestyle development, ensuring the highest standards of quality and customer satisfaction.
With an expanding global footprint, including offices in Australia, Dubai, and London, Home Lands caters to both local and international clients, delivering landmark residential projects throughout the nation. The company has received numerous awards, including being named the Best Developer in Sri Lanka at the PropertyGuru Asia Property Awards for three consecutive years, and in 2025, it achieved Superbrands status, distinguishing itself as the only real estate Superbrand in Sri Lanka.
Home Lands is also widely recognized for its commitment to timely project delivery while maintaining the highest quality standards. To date, the company has successfully completed 3,750 resort apartments and villas across a variety of themed mega residential developments, with an additional 500 units set to be delivered within the next six months. Moreover, over 2,200 units are currently under construction across eight innovative mega lifestyle development projects, highlighting the company’s expansive scale and ongoing market leadership.
