A new middle class housing project approved by the Board of Investment (BOI) plans to offer a 25-year structural warranty to buyers.

The venture by Nexthomes, a subsidiary of Nextventures, will see the construction of 37 houses at two sites in Piliyandala and Werahera, the BOI said in a press release.

Dinesh Schaffter, Managing Director Nextventures, said the US$ 800,000 project will create around 150 employment opportunities. He said the company was finalising the details of structural warranty. "It is our objective to provide a high quality product at an affordable price, and the structural warranty will help to differentiate us," Mr Schaffter said.