Sri Lanka’s Kelsey Homes launches third phase of mixed housing project - Opportunity Sri Lanka
Sri Lanka’s Kelsey Homes launches third phase of mixed housing project

Sri Lanka’s Kelsey Homes launches third phase of mixed housing project

Sri Lanka’s Kelsey Homes, which is a real estate developer in the country, is prepared to launch Phase Three of the iconic gated residential project, Central Park Ja-Ela, following the successful completion of Phases One and Two.
Offering 350+ residential units and 40+ Amenities, Central Park Ja-Ela is one of the largest gated mixed-housing projects in Sri Lanka, according to local media reports.
The unprecedented success of Phases One and Two at Central Park Ja-Ela, with over 70% sold within a record time amidst the Covid-19 pandemic, is an incredible achievement, The Morning has noted.
Chairman of Kelsey Development PLC, Eardley Perera has been quoted as saying, “Central Park Ja-Ela is one of the largest gated, mixed residential projects in Sri Lanka and we are thankful to our buyers for the trust and confidence placed in us, even during these most challenging of times. Kelsey Homes have been a key stakeholder and leader in the local housing market for over 35 years and we pride ourselves in maintaining an outstanding track record of building iconic, quality residential facilities that blend luxury with affordability for our many satisfied customers.”
Sprawled across 15 acres of lush greenery in Ja-Ela, Central Park provides luxury living spaces interspersed with an array of unparalleled services, utilities, and modern conveniences for comfortable, hassle-free living; including 24-hour security, CCTV surveillance, a mini-market, ATM facility, salon, business centre, medical centre, day-care centre, laundry service, driver’s and maid’s quarters, vehicle charging station and washing bay.
“We’ve created an extraordinary gated residential facility at Central Park Ja-Ela and the demand for it has been unprecedented since day one. Central Park Ja-Ela is the perfect balance between embracing modernity while living amidst nature and, we are excited to launch Phase Three of the project and help aspiring homeowners find their perfect home with us. Backed by the strength of our parent company, Janashakthi Group, we are well poised for sustained growth as we forge ahead and continue to transform the real estate industry to better serve our customers and communities,” Kelsey Developments PLC CEO Lalinda Kalubowila has been quoted as saying.

OSL take:

Sri Lanka’s expanding economy has increased the value of the country’s house and property market. The value of real estate has continued to increase even amidst challenges posed by the global Covid 19 pandemic. With Sri Lanka fast becoming a business hub in the South Asian region, the country’s house and property market proves a lucrative business/investment opportunity in the country. Sri Lanka’s economy has shown great resilience to external and internal challenges through the years and is once again on the path to recovery after facing the impact of the global Covid 19 pandemic. Foreign businesses/investors could therefore explore the expanding opportunities in Sri Lanka’s real estate industry.

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Article Code : VBS/AT/12082021/Z_4

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