A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
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Thiranjala Weerasinghe sj.- One Island Two Nations
?????????????????????????????????????????????????Friday, May 12, 2017
Govt. complicity in suspicious Bambalapitiya land deal?
Bambalapitya flats
By C. A. Chandraprema-May 11, 2017, 9:18 pm
We
have written extensively in this newspaper about the proposed
Bambalapitiya flats redevelopment project. Despite the revelations about
the lack of financial standing of the promoter UTL Global Projects Pte
Ltd to undertake a project of this magnitude, in March this year, the
Cabinet granted approval to the National Housing Development Authority
(NHDA) to sign an agreement with City Square Projects (Pvt) Ltd., a
fully owned subsidiary of UTL Global Projects Pte Ltd with the proviso
that they had to bring USD 10 million into the country within four to
six weeks of signing the agreement. The Bambalapitiya flats
redevelopment project is an ambitious one which seeks to demolish the
present apartments and to use the ten-acre land, on which they stand to
build six towers of 36 storeys each with a total of 3,762 residential
apartments along with shops, offices and hotels.