Destiny Mall & Residency nears completion in Q4 2019

The Destiny Mall & Residency developed by Imperial Builders commenced construction 2014 and will complete by the last quarter of 2019. 

A total of 210 luxury apartments are being built on a one-acre property at the corner of Sir Justice Akbar Mawatha and R.A De Mel Mawatha, Colombo 2, opposite former Elephant House. The development, to be completed in 2019, is set to transform the area between the Slave Island Railway Station and R.A. De Mel Mawatha with its ultra-modern luxury G+37 storey twin tower design which consists of a shopping promenade and a twin apartment towers.  

Currently the super structure is fully complete along with the external paint works nearing completion. With regards to the interior of the building; block work and plaster work have been completed and simultaneously Imperial Builders is progressing with the internal paint work, tiling, ceiling, doors, windows and balconies installation parallel to the electrical and plumbing work of the building. Imperial Builders is committed to deliver the apartments in the last quarter of 2019.

Imperial Builders Executive Director Amin Mughal said: “We wish to thank our clients for their commitment and patience towards the target to finish Q4 2019. As a token of appreciation to our loyal existing clients who placed their trust in Imperial Builders, we wish to compensate our valuable customers by offering a home furnishing voucher by Chrelisa Design Italy for an amount of Rs. 1.5 million or the same amount can be deducted from the apartment value at handover, effectively providing all our existing customers a Rs. 1.5 million deduction in their purchase price.”

“We at Imperial Builders have foreseen the potential of this entire area with our development and other luxury developments taking place which will make it the area of focus now and in the years to come. With the hub of activity concentrated in this area surrounded by all the Colombo based five-star hotels and business districts the value of the Destiny Apartments are set to exponentially increase. Our current clients have seen that potential and are looking forward to enjoying the benefits of their decision to purchase at Destiny in the next few years.

“A total of 72% of the apartments are currently sold to both local and foreign nationals, Imperial Builders estimates to be sold out by end of 2019. Imperial Builders has seen a tremendous response due to a competitive pricing structure, location and thoughtful payment plans offering clients a once in a lifetime opportunity to purchase affordable inner city luxury living.”

Work which started in 2016 is currently due to complete on the relocation project Block C&D which consist of four towers of G+12 floors housing 118 families. This is done as a CSR effort by Imperial Builders. This will permanently house Railway Authority families as well as the 118 families that have to be relocated in order to progress with the development of the Destiny. 

Imperial Builders aims to repeatedly offer buyers both local and overseas an opportunity to invest in a luxury apartment or retail space in the heart of Colombo at prices which are value for money. At a time when tourism is exponentially booming in Sri Lanka Imperial Builders wishes to make investment sense and provide superior ROI for the forward thinking clientele that choose to invest in terms of retail space and/or residential living. 

Destiny Mall & Residency located on Sir Justice Akbar Mawatha, conveniently in the CBD, is walking distance from Galle Face Green, Nawam Mawatha Business District, all Colombo-based five-star hotels, two schools and the Beira Lake. 

The G+37 Twin Tower apartment complex consists of 210 apartments and includes one, two, three and four bed Sky Villas with the price ranging from Rs. 30 million to Rs. 100 million. The shopping mall consists of 130,000 Sqft of retail space, inclusive of a supermarket, and retail shopping, making it very attractive to the rental investment market. 

The apartment amenities include an infinity pool and deck on the 6th level, a business centre, gymnasium, a banquet hall, seven guest rooms and ample visitor parking. This is an opportunity of the lifetime to own an affordable apartment in the heart of Colombo city. A down payment of 10% is all that is required and the balance 90% to be handed over when the construction completed in Q4 2019.