Delhi-based developer launches ‘Krrish Square’ project in Fort
Delhi-based developer Krrish group this week launched its US$460 million, 4-tower mixed development project in Colombo Fort.
The company will build four towers on a 10-floor podium block on a 4-acre land where Sri Lanka’s ‘Transworks House’, a British colonial era administrative building is located.
The project and its approval by the Cabinet were earlier exclusively reported in the Sunday Times. Chief Executive of the firm R Guptha told the Business Times that ‘Transworks House’ will be renovated to a modern luxury heritage hotel while preserving the building s heritage character intact.
The buildings are the main attraction with their overall beauty, along with the general landscape reflecting contemporary architecture. A leading French architect will handle the project, he said.
The tallest tower will have 85 floors, the second 80 and the other two – 55 floors each, in five million square feet of residential, commercial space and a hotel.
The company has leased a 4-acre land from Urban Development Authority for 99 years at Rs. 5 billion and 10 per cent of the total has been paid, he added.
This project will contribute to making Colombo an attractive destination for business and help attract trade and investment from Fortune 500 companies, he said.
Krrish Group is a diversified company whose activities span a wide range of sectors. One of their products is Cobra Beer, which is one of the fastest selling brands in the UK.
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