Sixty two villas project in Trinco at rupees 105 million each


At right Sri Nithya Omkarananda, and architect Philip Weeraratne. - Pic by Dhimuthu Premaratne

By Steve A. Morrell

Ideal Developments Canada and PURA Resorts Canada convened a press conference last week to announce their Villas Project in Trincomalee.

Managing Director, PURA Resorts Inc. and Director Corporate Affairs, Ideal Group, Sri Nithya Omkarananda said the villas project in Trinco will be quite an overall concept in luxury housing, fast growing in demand, in a peaceful atmosphere for existence and living. Be it for permanent settling down or used as holiday homes, the villa's appeal is unique because of its spaciousness and atmosphere of tranquil living.

Located in Nilaweli, built on an extent of some 26 acres of land, PURA resorts will build 50 luxury resort chalets, and 62 homes which will be offered to the market on completion. Construction will commence shortly. Completion of the project is expected by 2020. Sri Nithya said the villas would be the first such project particularly, since their uniqueness would hinge on ownership of each such villa incorporating luxury and practical use of land space to ensure privacy and comfort. Apart from its sale value and its post sale ownership, the sold villas will also be managed by a team to ensure services are constantly in a working environment to defuse the necessity of owner maintenance. ‘There would not be instances of owner’s obligation to repair or maintain the investment. All they would need do is inform the management team of such needs and whatever needs doing will be done, he said.

The 62 spacious villas will comprise three and four bedroomed layouts, in an extent of about 3000 square feet floor area.

Within its concept was also the expected popularity of its tourist potential; additionally its close proximity to the already established Nilaweli tourist hotels and the added environment of the famed beaches and the identified attractions that lured tourists to the Trinco environment.

Architect Philip Weeraratne, who also addressed the press, said the built area would absorb about 20 percent land space. The villas would be interspersed by the naturalness of the green atmosphere surrounding each building, not disturbing the vegetation or the nature facet of the atmosphere. He also said the meandering streams added to the atmosphere of tranquility just right for a settled atmosphere of family contentment.

Questioned by the press, Sri Nithya said each villa would sell at Rs.105 million upwards. On further questioning he confirmed that at that price, affordability was confirmed, that there were people looking for such housing needs; both local and foreign clientele, and Sri Lakans living abroad who would eventually wish to settle here. He added that research indicators were positive that demand for such housing was growing and quite significantly influx of the tourist trade was an additional consideration that the project would be viable.

Weeraratne further said his creative team of architects would continue to place prominence on the picturesque quality of the beach area, interwoven into the expected infrastructure.

animated gif
Processing Request
Please Wait...