{"id":11542,"date":"2025-08-13T14:38:27","date_gmt":"2025-08-13T09:08:27","guid":{"rendered":"https:\/\/enterprisenews.lk\/?p=11542"},"modified":"2025-08-13T14:38:49","modified_gmt":"2025-08-13T09:08:49","slug":"home-lands-group-acquires-rs-4-5bn-colombo-property-largest-land-deal-in-citys-history","status":"publish","type":"post","link":"https:\/\/enterprisenews.lk\/?p=11542","title":{"rendered":"Home Lands Group Acquires Rs. 4.5Bn Colombo Property \u2013 Largest Land Deal in City\u2019s History"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/enterprisenews.lk\/wp-content\/uploads\/2025\/08\/Image-21-1024x576.jpg\" alt=\"\" class=\"wp-image-11543\" style=\"width:560px;height:auto\" srcset=\"https:\/\/enterprisenews.lk\/wp-content\/uploads\/2025\/08\/Image-21-1024x576.jpg 1024w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2025\/08\/Image-21-300x169.jpg 300w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2025\/08\/Image-21-768x432.jpg 768w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2025\/08\/Image-21-1536x864.jpg 1536w, https:\/\/enterprisenews.lk\/wp-content\/uploads\/2025\/08\/Image-21.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Key Highlights:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udd38&nbsp;<strong>Largest land transaction in Colombo<\/strong>&nbsp;\u2013 Rs. 4.5 Billion+<\/li>\n\n\n\n<li>\ud83d\udd38&nbsp;<strong>Highest price per perch ever recorded<\/strong>&nbsp;\u2013 Rs. 29 Million<\/li>\n\n\n\n<li>\ud83d\udd38&nbsp;<strong>40-Storey Twin Towers<\/strong>&nbsp;\u2013 Pentara Residencies<\/li>\n\n\n\n<li>\ud83d\udd38&nbsp;<strong>BOI-approved project funded by HNB<\/strong><\/li>\n\n\n\n<li>\ud83d\udd38&nbsp;<strong>Largest single residential high-rise investment by a Sri Lankan developer<\/strong><\/li>\n<\/ul>\n\n\n\n<p>In a landmark real estate transaction that has made history,&nbsp;<strong>Home Lands Group<\/strong>, Sri Lanka\u2019s leading and most trusted property developer, has acquired a prime&nbsp;<strong>one acre land parcel in Thummulla, Colombo 7<\/strong>, for a staggering&nbsp;<strong>Rs. 4.5 billion<\/strong>, marking&nbsp;<strong>the highest ever recorded price per perch in Colombo at Rs. 29 million<\/strong>.<\/p>\n\n\n\n<p>This deal is not only the&nbsp;<strong>largest single land transaction<\/strong>&nbsp;in the commercial and residential real estate history of Colombo but also paves the way for a visionary urban development that is set to redefine luxury living in the heart of the capital.<\/p>\n\n\n\n<p><strong>Introducing Pentara Residencies \u2013 Colombo\u2019s Twin Tower Icon<\/strong><\/p>\n\n\n\n<p>Following this historic acquisition, Home Lands officially announced the launch of&nbsp;<strong>Pentara Residencies \u2013 Thummulla Handiya, The Address in Colombo<\/strong>&nbsp;a bold and ambitious&nbsp;<strong>40 storey twin tower<\/strong>&nbsp;residential project that represents the&nbsp;<strong>largest high-rise investment ever made by a single Sri Lankan developer<\/strong>.<\/p>\n\n\n\n<p>The project will be developed as a&nbsp;<strong>Board of Investment (BOI) approved venture<\/strong>&nbsp;and is financially backed by&nbsp;<strong>Hatton National Bank (HNB)<\/strong>, showcasing confidence from the country\u2019s top financial institutions in Home Lands\u2019 proven track record and vision.<\/p>\n\n\n\n<p><strong>Redefining Colombo\u2019s Skyline<\/strong><\/p>\n\n\n\n<p>Strategically located at the gateway between Colombo 5 and Colombo 7 two of the city\u2019s most prestigious neighborhoods&nbsp;<strong>Pentara Residencies<\/strong>&nbsp;is expected to transform Thummulla Junction into an iconic residential address.<\/p>\n\n\n\n<p>The twin towers will offer:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Over&nbsp;<strong>400 luxury residential units<\/strong><\/li>\n\n\n\n<li><strong>State of the art amenities<\/strong>&nbsp;including rooftop sky lounges, pools, fitness centers, co-working spaces, and children\u2019s play areas<\/li>\n\n\n\n<li><strong>Green building design<\/strong>&nbsp;and sustainability features<\/li>\n\n\n\n<li>Smart home integration and next-gen living experiences for residents<\/li>\n<\/ul>\n\n\n\n<p><strong>A Milestone for Sri Lankan Real Estate<\/strong><\/p>\n\n\n\n<p>This project signifies more than just a vertical expansion it marks a&nbsp;<strong>symbolic moment for Sri Lanka\u2019s post-crisis real estate recovery<\/strong>. Despite recent economic challenges, Home Lands\u2019 bold move demonstrates both&nbsp;<strong>domestic investor confidence<\/strong>&nbsp;and the continued demand for&nbsp;<strong>premium urban living<\/strong>.<\/p>\n\n\n\n<p><strong><em>Nalin Herath<\/em><\/strong><em>, Chairman of Home Lands Group, stated:<br>\u201cThis is not just an investment in land, but an investment in Sri Lanka\u2019s future. We believe in Colombo\u2019s potential as a global city. Pentara Residencies will be more than buildings it will be a lifestyle destination that redefines luxury and convenience in urban Sri Lanka.\u201d<\/em><\/p>\n\n\n\n<p><strong>The Future of Vertical Living<\/strong><\/p>\n\n\n\n<p>With a proven legacy of delivering high quality residential projects islandwide, Home Lands Group has consistently led the way in pushing boundaries within Sri Lanka\u2019s property sector. This latest project follows their successful launches of Ariyana, Canterbury Golf Villas, and Santorini, which have become benchmarks in suburban residential development.<\/p>\n\n\n\n<p>Now, with&nbsp;<strong>Pentara Residencies<\/strong>, Home Lands is set to reshape Colombo\u2019s skyline delivering luxury, innovation, and long term value, all from the hands of a truly homegrown Sri Lankan developer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights: In a landmark real estate transaction that has made history,&nbsp;Home Lands Group, Sri Lanka\u2019s leading and most trusted property developer, has acquired a prime&nbsp;one acre land parcel in Thummulla, Colombo 7, for a staggering&nbsp;Rs. 4.5 billion, marking&nbsp;the highest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/11542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11542"}],"version-history":[{"count":0,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/11542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/media\/11543"}],"wp:attachment":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}