Odiliya Residencies breaks ground for Altezza Wattala

From left: Manager Development Shanila Senanayake, Manager Sales Dammika Dissanayake Chairman of the Group Gerrard Fernando, Chairperson and Managing Director of the Group Rohitha Abeygunarathne, CFO Sumith Athanayake Accountant Shanel Perera

Odiliya Residencies (Pvt) Ltd, the latest addition to the Odiliya Group held the ground breaking ceremony for the construction work of Altezza luxury apartments recently at the project site in Aweriwatta Road, Wattala.
Altezza, as its name suggest, is the highest building in the Wattala area with 60 luxury apartments of different floor areas and with all luxury amenities. There are  2 bed room, 3 bed room , 4 bed room and five bed room duplex apartment units housed in this eight storied building. Also there is a pent house in the 7th floor overlooking to the sea side. 
The ideal location of the project will facilitate in all means the busy life style of the customers to experience a peaful and contended life. Located on the Aweriwatta road, just one kilometer to the Colombo-Negombo main road, the project possesses the advantage of easy accessibility where the railway line, Airport Expressway, Kandy road and Negombo road are all within close proximity. Further leading super markets, hospitals, hotels, restaurants and leading schools make the project location prominent. It is only 15 minutes drive to reach to the Colombo city limit from Altezza Residencies.
All 60 apartment units in the project Altezza are well designed by a renowned firm of Chartered Architects and all construction work will bedone using quality building materials from cement to paints and electrical work to plumbing. At the roof top- you find a state-of-the-art gymnasium, club house and a swimming pool exclusively for the use of the residents. Being first in the Wattala area, Altezza Residencies will stand tall with a blend of urban outlook in a countryside atmosphere, which sets an ideal footing for a halcyon life. The project is expected to be completed within two years and prices of the apartment units are starting from Rs.12 million and all the two bed room apartment were sold out.
Briefing to the media Rohitha Abeygunaratne, Managing Director of the Odiliya Homes Group of Companies told that Altezza is one of the remarkable milestones of the gradual and steady progress of the group. He further added that apartment business is the fast growing business segment of the country in present context and the government has taken some positive steps to foster this segment, namely complete removal of the restriction imposed earlier on the purchase of apartments to the foreigners from fourth floor onwards, exempting the sale of apartments from VAT, relaxation of resident visa system for foreigners who invest in Sri Lanka, to quote 
a few. 
According to Rohitha Abeygunaratne, with encouragements given by the government to this segment, customers could look at purchasing an apartment in two angles; one is the residential purpose and the other being the investment purpose. Whatever the objective that could be, the customer will be benefitted ultimately in terms of value appreciation and guaranteed actualization of capital gain each year. So this is a golden opportunity for the customers that should not let go out of their investment plans, he said. 
Dhammika Dissanayake, Sales Manager of Altezza Residencies told that since the high quality materials would be used for the project there should not be any concern in the minds of the customers as to the strength and durability of the apartments. He also told that the even before the commencement of the constructions, 40 percent of the units was sold and reservations were done by customers, which itself provides good credentials on the customer demand. The fact that the prices of the condominiums in the city of Colombo are very high, this is an ideal investment opportunity for life time for the customers those who do not like to reside in the city and cannot afford a substantial sum of money to acquire apartments in Colombo, he further added. 
Rohitha Abeygunaratne informed that the customers who have reserved the apartments by now are of a cross composition. The current customer base includes businessmen, Sri Lankans working in overseas, top executives in the private sector and professionals. The company has been advertising on the websites and social media and the details of the project could be ascertained therefrom. He further told that the company would carry out some activities under its Corporate Social Responsibility (CSR) drive in the near future to help those are underprivileged and need assistance for their ways of life.