Sri Lanka’s Excello launches solar‑powered residential project
EconomyNext: Sri Lanka-based property development company, Excello Developers has launched its newest residential landmark, Aathavan by Excello, at Carron Place in Dehiwala.
Starting from 38 million rupees, the development offers apartments with long-term investment value, the company said.
“At Excello, our design philosophy is all about ‘Elevated Living,’ which means more than just luxury looks,” said Subash Thavarajasingam, Founder and CEO of Excello Developers.
“For Aathavan by Excello, we spent months talking to real people to create spaces that address everyday needs. By using a fully solar-powered system, we are not only helping the environment but also protecting our buyers from high maintenance fees and market volatility. Coupled with our special bank partnerships and flexible payment options, this project is about shaping responsible, human-centric environments that guarantee long-term asset value delivered on time and within budget.”
Rising eight storeys high, Aathavan by Excello comprises 44 units engineered in a range of versatile configurations that maximise every square foot of the property, the company said.
The layouts cater to diverse lifestyle needs, offering optimised two-bedroom apartments at 1,020 square feet and spacious three-bedroom residences at 1,380 square feet.
Excello said it took a grassroots approach to planning by dedicating extensive time to interviewing real people and conducting market research.
This process ensured that every layout and utility is built directly on feedback from people, leading to the inclusion of crucial everyday details such as a service lift that doubles as a bed lift to ensure safe and convenient transport for invalid or unwell residents, an invaluable feature for anyone dealing with ageing family members.
Built on a foundation of strict environmental sustainability, the project introduces green innovations that directly reduce long-term operational costs for its residents.
The entire complex runs entirely on solar power, which protects homeowners from rising utility rates and guarantees low monthly maintenance fees.
Additionally, an on-site water recycling system efficiently supplies the property’s vehicle washing bays and grounds gardening. The rooftop area is designed to function as a community hub, featuring dedicated walking and jogging tracks and a fully equipped gymnasium for residents.
Excello will directly manage the property for the first two years post-completion, ensuring pristine upkeep and seamless community operations.
The company also employs advanced AI-driven project management tools to ensure ultimate financial transparency, strict timeline compliance, and data-driven tracking throughout the building process.
To make this landmark property highly accessible, Excello Developers has secured special bank partnerships and flexible, structured payment plans tailored to accommodate the diverse financial preferences of modern homebuyers.
OSL take:
Sri Lanka’s economic recovery is beginning to translate into fresh business/investment opportunities, with renewed activity in sectors such as real estate development and renewable energy drawing the attention of both local and foreign investors. The launch of new residential projects reflects growing confidence in the property market as improving macroeconomic stability, lower interest rates, and stronger buyer sentiment support demand for housing and mixed-use developments. The Sri Lankan government’s continued focus on urban development and infrastructure is also creating business/investment opportunities for international developers, construction firms, and real estate investment funds seeking exposure to an emerging growth market. At the same time, Sri Lanka’s transition towards cleaner energy is opening another high-potential investment avenue. With ambitious renewable energy targets and efforts to reduce dependence on imported fossil fuels, the country is encouraging investments in solar, wind, battery storage, and grid infrastructure. The sector offers business/investment opportunities for project developers, technology providers, equipment manufacturers, and infrastructure financiers. Beyond these sectors, the country’s broader economic expansion is expected to stimulate demand across construction, logistics, tourism, manufacturing, and professional services. Combined with ongoing economic reforms and efforts to improve the investment climate, Sri Lanka is positioning itself as an increasingly attractive destination for foreign capital looking to participate in the country’s next phase of growth.
| Article Code : | VBS/AT/20260804Z_1 |