Colombo Luxury Apartment Boom Continues

A growing trend in Sri Lanka’s commercial capital, luxury apartments in Colombo have been sprouting up in various key locations in the city. Various local and international property developers have been buying up prime properties in residential areas of the city and have been constructing high-end apartments that cater to not only locals, but foreign clientele including travellers looking for an extend holiday abode and those planning to retire in Sri Lanka as well. Amongst the newest apartment development projects in the country is Elysian Reality providing customised real estate options too. Many of these apartments are not only fitted with the latest contemporary comforts and conveniences, but also come with added benefits for residents such as a gym, supermarket, sports facilities and swimming pool. According to reports, the government is expected to encourage more foreign investors and buyers through reduction of tax obligations.