SALIENT FEATURES OF THE PROJECT

Amount to be Raised (USD) 20 million

Invite prospective foreign investor

  • Total Investment Size USD 66 Mn
  • Expected Equity/Loan USD 20 Mn
  • NPV USD 18 Mn
  • Project ROI 65 %
  • Pay Back Period 4 Years (Including 3yrs construction period)

About this Project

Investmenting Apartment Projects

Sri Lanka is considered a preferred tourist destination amongst many Western tourists over 5 decade and the island experienced 16 years of rapid expansion of its tourism sector between 1967 and 1982. Tourist arrivals increased at an average annual rate of 20%, reaching a level of 407,230 in 1982. However, after 1983, tourist arrivals to Sri Lanka were highly volatile as a result of the travel advisories imposed upon the country with the onset of the armed conflict. During the ceasefire, the country witnessed an all-time high of tourist arrivals where it reached 566,203 in 2004.The removal of the travel advisories by countries such as Britain, after the end of the 30 years ethnic conflict in 2009, saw rapid increase in tourist arrivals to Sri Lanka. As a result, the occupancy rates also recorded noticeable figures. Demand growth resumed towards the latter part of 2009 led by select markets, picking up further in 2010 to 2015. The pace of growth accelerated in 2011 and thereafter with a recorded average occupancy rate of 77%, the highest witnessed thus far. The removal of travel advisories following the end of the three decade long ethnic conflict in May 2009

presented significant scope for Sri Lanka to be on par with its competitors. Tourist arrivals were in 2015 with 1,798,380 arrival this was an increase approximately 18% over the 1,527,153 arrivals recorded in 2014. Sri Lanka recorded an all-time high of 2.3 Mn tourist arrivals in 2018, including the largest number of tourist arrivals from India recorded of 425,000. The tourism earning for the year ended 2018 was USD 4.4 Billion. Thus with not forgettable destination and the Hub of tourism in Sri Lanka is the City of  Beach.

    investmenting apartment projects
    investmenting apartment projects

    The promoting company Lakreh International Ltd, will undertake the developments of the Project on Turn-Key Basis. The promoting company was formed for the specific purpose of developing and managing the affairs of Proposed High-Rise 20 Stories fully furnished Luxuries 200 Apartments Complex with all the amenities and Play Ground at the beautiful Beaches of Panoramic view of sun-setting.

    PROJECT OVERVIEW

    investmenting apartment projects

    Land Area (Free hold land)
    Distance 60 minutes from Colombo, 20 minutes from International Air Port
    Apartment 5 Star Category 200 fully furnished
    Project Cost USD 66 million (including land)
    Total Investment/Unit Approx. USD 235,000
    Construction Period 36 months
    Corporate Tax Tax Free Investment with BOI Facility
    Duty free imports for all the materials
    Project Status Preliminary planning & finalizing details
    International Project Funding Corporation

    LAKREH INTERNATIONAL LTD.

    Our Companies

    Timber Tile
    Inner Ware

    Contact Us

    LAKREH INTERNATIONAL LTD.

    Lake Garden, Ethukala,
    Negombo 11500 , Sri Lanka.

    Phone : +94 312279685
    Mobile : +94 777630930
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