Home Lands Group Sri Lanka, Pentara Residencies Colombo, Thummulla
Key Highlights:
Largest land transaction in Colombo – Rs. 4.5 Billion+
Highest price per perch ever recorded – Rs. 29 Million
40-Storey Twin Towers – Pentara Residencies
BOI-approved project funded by HNB
Largest single residential high-rise investment by a Sri Lankan developer
In a landmark real estate transaction that has made history, Home Lands Group, Sri Lanka’s leading and most trusted property developer, has acquired a prime one acre land parcel in Thummulla, Colombo 7, for a staggering Rs. 4.5 billion, marking the highest ever recorded price per perch in Colombo at Rs. 29 million.
This deal is not only the largest single land transaction 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.
Introducing Pentara Residencies – Colombo’s Twin Tower Icon
Following this historic acquisition, Home Lands officially announced the launch of Pentara Residencies – Thummulla Handiya, The Address in Colombo a bold and ambitious 40 storey twin tower residential project that represents the largest high-rise investment ever made by a single Sri Lankan developer.
The project will be developed as a Board of Investment (BOI) approved venture and is financially backed by Hatton National Bank (HNB), showcasing confidence from the country’s top financial institutions in Home Lands’ proven track record and vision.
Redefining Colombo’s Skyline
Strategically located at the gateway between Colombo 5 and Colombo 7 two of the city’s most prestigious neighborhoods Pentara Residencies is expected to transform Thummulla Junction into an iconic residential address.
The twin towers will offer:
Over 400 luxury residential units
State of the art amenities including rooftop sky lounges, pools, fitness centers, co-working spaces, and children’s play areas
Green building design and sustainability features
Smart home integration and next-gen living experiences for residents
A Milestone for Sri Lankan Real Estate
This project signifies more than just a vertical expansion it marks a symbolic moment for Sri Lanka’s post-crisis real estate recovery. Despite recent economic challenges, Home Lands’ bold move demonstrates both domestic investor confidence and the continued demand for premium urban living.
Nalin Herath, Chairman of Home Lands Group, stated:
“This is not just an investment in land, but an investment in Sri Lanka’s future. We believe in Colombo’s 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.”
The Future of Vertical Living
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’s property sector. This latest project follows their successful launches of Ariyana, Canterbury Golf Villas, and Santorini, which have become benchmarks in suburban residential development.
Now, with Pentara Residencies, Home Lands is set to reshape Colombo’s skyline delivering luxury, innovation, and long term value, all from the hands of a truly homegrown Sri Lankan developer.
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