Indocean Developers refutes misleading claims, reaffirms commitment to Altair’s excellence

Indocean Developers Ltd., (IDPL), the developer of Altair, yesterday in a statement strongly refuted the recent misleading and/or false allegations and defamatory publications based on such misleading and/or false allegations regarding the Altair project. 

It said the company has already taken steps to deal with such defamatory publications in terms of the law. It is also identified that the circulation of such misleading and/or false allegations is an act by several individuals with vested interests, and steps are being taken to deal with such malicious acts. 

The rest of the IDPL statement is as follows:

“Altair” is a landmark project that stands as a testament to world-class architecture, innovation, and luxury. Driven by vested interests and by external groups with no ownership in the development, these baseless claims are aimed at tarnishing the reputation of one of Sri Lanka’s most iconic residential projects.

Designed by world-renowned architect Moshe Safdie, Altair is a pioneering feat of engineering and modern luxury, offering residents an unparalleled living experience. The twin-tower structure – rising 63 and 67 storeys – not only redefines Colombo’s skyline but also integrates cutting-edge structural technology to ensure superior safety, stability, and efficiency.

Equipped with state-of-the-art fire prevention systems, high-speed intelligent elevators, and smart energy solutions, Altair remains one of the most technologically advanced residential projects in the region. Every detail has been carefully designed to meet international safety and quality benchmarks, ensuring long-term sustainability and resident well-being.

Ensuring the highest standards in fire safety and security

Altair is built in full compliance with Sri Lanka’s Fire Safety Regulations and global industry standards and the project has received all necessary compliance certificates and approvals from the authorities. The recent fire drill conducted on 10 December 2024 was part of our routine safety protocols, ensuring preparedness rather than responding to any immediate risks.

Our fire suppression systems, emergency evacuation protocols, and 24/7 fire monitoring mechanisms are designed to provide residents with the highest level of safety. While minor ad-hoc recommendations from inspections are continuously addressed, there is no evidence to support claims of critical risks as falsely portrayed by external parties.

In any event, IDPL is committed to undertake ad-hoc recommendations by relevant authorities subject to practicalities involved in implementation. 

Regarding security, Altair employs a multi-layered access control system, including biometric entry, advanced surveillance technology, and trained security personnel, ensuring that only authorised residents and guests can enter. Recent claims of unauthorised access by 300 individuals are not only grossly exaggerated but also fail to acknowledge the stringent measures in place.

Financial transparency and responsible management

IDPL has always operated with full financial transparency and remains committed to upholding the integrity of Altair’s financial management. Service charges are determined based on operational costs essential for maintaining the high standard of amenities that make Altair a world-class residence. The allegations of financial mismanagement and inflated costs are unsubstantiated and misrepresent the facts.

As a responsible developer, we continue to engage directly with legitimate purchasers through official resident meetings and financial disclosures, ensuring that any genuine concerns are addressed in a structured and professional manner.

Altair is more than just a residential tower – it is a symbol of aspiration, luxury, and modern urban living. Since its inception, it has been the preferred choice of elite homeowners, global investors, and high-net-worth individuals, offering an unmatched lifestyle experience. The overwhelming majority of residents remain proud of their choice and continue to enjoy the prestige, security, and value that Altair offers.

Our priority remains our residents, and we are taking proactive steps to ensure their continued confidence in the development:

• Enhanced resident engagement: Regular forums and transparent communication with verified purchasers
• Independent safety and security review: Engaging third-party experts to reaffirm fire and security measures.
• Legal action against misinformation: IDPL will take appropriate legal measures to address defamatory statements and protect the integrity of Altair.

IDPL remains steadfast in its commitment to excellence, innovation, and the highest standards of residential living.