Homelands Holding and Homelands Skyline first in Sri Lanka to receive highest grading from CIDA

Thursday, 21 January 2021 01:35 - - {{hitsCtrl.values.hits}}

Homelands Holding Ltd. and Homelands Skyline Ltd. have earned the highest grading as a registered property developer for maintaining the highest standards in real estate. This certification was presented after being evaluated by CIDA (Construction Industry Development Authority), the successor to ICTAD, for the year 2021.

Homelands Holding Ltd. was registered as an “L1 Grade” property developer in the category of “Land” and its apartment development arm, Homelands Skyline Ltd., was registered as a property developer of the “LB1 Grade” in the category of “Land and Buildings” which is the highest grade available.

Homelands Holding Ltd. and Homelands Skyline Ltd. announced that they are the first company in Sri Lanka that was awarded this grading (L1 and LB1).

Homelands Holding Ltd. has carried out more than 380 land development projects and Homelands Skyline Ltd. has designed and built 2,747 apartments units and individual houses in various projects, most of which are completed and handed over to their residents.

Homelands Skyline has revolutionised the real estate industry in Sri Lanka by constructing Ariyana Resort Apartment – Athurugiriya which is the first resort concept apartment in South Asia with 352 apartment units, Canterbury Golf Apartment, Piliyandala – Kahathuduwa which is the first golf apartment in Sri Lanka with 784 units, Elixia 3C’s – Malabe with 336 apartment units, Green Valley with 354 apartment units and the new project starting this year located in Negombo, with a total of 384 units.

“Receiving this grading is a testament to skill, hard work and dedication. This rating confirms our ability and is strong indicator of our commitment to quality and excellence. We have many things to be proud of at Homelands Group of Companies and our achievement of the highest grading for both land and apartments for the first time in Sri Lanka is one of them,” Homelands Group Chairman and Managing Director Nalin Herath said. This registration scheme was instituted by ICTAD and is currently being continued by CIDA. The organisations were graded in accordance with the evaluation of the property developer carried out by CIDA mainly on financial capability, technical ability with staff, plant and machinery, and experience gained in relevant fields.

The goal of the certification and the grading scheme provided by CIDA is to provide prospective customers with the information required to make an educated decision in regards to their purchases in real estate.