Over a dozen Sri Lankan companies shortlisted for property industry awards to mark growth of the country’s real estate sector

Over a dozen Sri Lankan companies shortlisted for property industry awards to mark growth of the country’s real estate sector

More than a dozen Sri Lankan companies have been shortlisted for property industry awards to mark the vibrant growth of the island’s real estate sector, the local media has reported.
According to reports, the PropertyGuru Asia Property Awards (Sri Lanka) 2018 that recognize Sri Lanka’s best developers is to be held for the first time in Colombo on 12th of July 2018 at the Shangri-La Hotel, Colombo.
Main category winners from Sri Lanka will later advance to compete in the regional PropertyGuru Asia Property Awards Grand Final, which is being hosted in Bangkok, Thailand for the first time this November, reports state.
Last year’s Best Developer title holder, Blue Ocean Group of Companies, receives a total of seven nominations in 2018, including multiple nominations for the Best Mid End Condo Development, Best Affordable Condo Development, and Best Condo Interior Design, a statement on the awards ceremony has said.
Maga Engineering (Pvt) Limited follows in second place. The construction firm behind the MAGA ONE project is up for Best Office Development, Special Recognition in Sustainable Development, and two Best Green Development nominations for MAGA ONE and for Clearpoint Residencies, a joint venture project between Maga and Milroy Perera Associates.
Other 2018 finalists with multiple nominations include Walkers CML Properties (Private) Limited with four nominations, Home Lands Skyline Pvt Ltd with three, and Indocean Developers (Pvt) Ltd with two.
Indocean Developers director Pradeep Moraes has also been selected as the first-ever Sri Lanka Real Estate Personality of the Year, recognising his contributions to raise standards in the local real estate sector as well as his work as chairman of the Condominium Developers Association of Sri Lanka (CDASL).

OSL take:

The PropertyGuru Asia Property Awards (Sri Lanka) 2018 is an indication of the rapid growth recorded in Sri Lanka’s house and property as well as construction sectors. Also the recognition of over 12 property development companies in Sri Lanka would provide an opportunity for foreign companies looking at entering into Sri Lanka’s real estate market to form partnerships/joint ventures with local companies to engage in the Sri Lankan real estate sector.

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Article Code : VBS/AT/20180702/Z_2

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