Iconic Galaxy announces 50% of its apartments sold within a year of launching

Thursday, 26 April 2018 00:00 - - {{hitsCtrl.values.hits}}

Realty major Iconic Developments announced that it had sold 50% of all apartments at its newest, soon-to-be-completed, luxury housing project, Iconic Galaxy.

Located in the prime of Rajagiriya’s upscale locality, the sale of half of the 261 apartments, within a span of 14 months has been the developer’s highest in the quarter, beating demand slowdown in the real estate market, according to a top company official.

“We are delighted with the interest shown in these apartments and the sales are extremely encouraging. Iconic Galaxy apartments offers buyers the unique opportunity to live in one of the best new build developments in Rajagiriya,” said Iconic Developments Executive Director Pranav Desai.

“Iconic Development’s apartments remain one of Rajagiriya’s gems, offering luxury living in the heart of Sri Jayewardenepura. We are noticing increasing interest in the area, and our development brings to market a beautifully designed property with state-of-the-art amenities, something buyers expect – and deserve – in today’s market.”

“There is a demand for high quality, well-designed and spacious residential property. We spotted the potential of this area when we first began working on Iconic 110, Parliament Road, which is rapidly becoming one of the capital’s most desirable locations.”

“This has been a very strong quarter for us,” added Desai who elaborated that sales have grown tremendously from the same quarter of last year, adding that the company has been able to achieve healthy sales because of strong focus on project execution along with its partners Maga Engineering. Iconic Galaxy project will be completed by end of November 2021 and its home loan options are available with several leading banks in Sri Lanka.

“We are strongly focused on delivery, which is a critical reason why customers are happy and investing in our project,” he said, adding that the overall focus on execution is also helping in employment generation. We believe that a quality product is always appreciated and the unprecedented sales of our apartments are testament to that mantra,” summed up Desai.

Iconic Galaxy, accessible from two roads in Rajagiriya and perched on the trunk route of Buthgamuwa Road, will have 272, super-luxury, two, three and four bed-roomed apartments amidst a plethora of world class amenities and services to compliment the lifestyles of the buyers. True to its name, Iconic Galaxy, spread in an area of a little over two acres of land (over 87,000 square feet), offers customers all the trappings of high-end living at affordable prices.

The property’s enviable location has very easy access to the airport expressway, Colombo Fort and the southern expressway. Key features of Iconic developments are its progressive design and aesthetics, offering a host of features like ample car parking, hazard free underground cabling, 100% power backup and water supply.

Overall, Iconic Galaxy will be exclusive, self-sustained, environment friendly residences for the elite, uniquely configured and elegantly landscaped, providing an ideal ambience for modern day-living, it is more than a luxurious address, it is a lifestyle statement.