The developer of Jaffna’s first luxury apartment complex Tulasi Mahal, Peninsular Property Developers (Pte) Ltd., a subsidiary of Capitol Developers (Pvt) Ltd., is training 100 local youth in the peninsula in masonry, carpentry and bar bending skills.
This sustainability initiative aims to engage local communities in the construction of the first luxury apartment project, so that they too can benefit from economic activity taking place in the region, the developer said.
Mahen Weerasekera, Chairman Sanken said: “We are enthused about the skills training course as it has received an overwhelming response from youth in and around Jaffna, who are forced to source construction labour from other parts of the country due to lack of adequately skilled construction labour in the north.TulasiMahal will be able to leverage on this pool of freshly trained masons, carpenters bar benders & ,tillers in its construction, so that the local communities can also benefit from the project. We are confident that this social responsibility initiative will boost the local workforce and uplift livelihoods by opening up new avenues of employment for the trained youth who will receive a certificate endorsing their skill levels. Tulasi Mahal is a pioneering project and foundation work has already been completed. The construction work is on schedule for completion by October 2013.”
Due to lack of accessibility to Jaffna over the years, the region has not been exposed to modern automated construction methods and this skills training course will bring youth upto-date with new construction methods being used elsewhere in the island so that they can optimize the use of materials for better results. The intensive skills training course seeks to make the trainees proficient so that they can work on Tulasi Mahal project or other construction sites in the Peninsula.
As the first luxury apartment project in Jaffna, Tulasi Mahal, will be a beacon for other projects in the future as the city of Jaffna opens up to the world. As an incentive to prospective buyers to make a timely purchase decision in this historic project, Tulasi Mahal has reached an agreement with Hatton National Bank’s Shanthi Home Loans to offer prospective buyers convenientre-payment terms. Prospective buyers will be required to pay only the interest on the amount of the loan disbursedduring the first year from now, by which time the construction is scheduled to be completed. It is only after this that will they be required to commence re-payment of capital on the loan granted. This one-year grace period is an unprecedented offer to those interested in owning an apartment in Tulasi Mahal and prospective buyers are urged to make inquiries with Tulasi Mahal or HNB Shanthi Home Loans to reserve their apartment early in this landmark project and enjoy the many benefits.
Located in the heart of the city, on the A9 Road, adjacent to the Kachcheri, Tulasi Mahal will be a pioneering luxury apartment project in Jaffna, a city that is experiencing rapid economic growth in recent months. Jaffna is fast moving towards regaining its past glory as a business and education hub in the country. Land prices in Jaffna are rising exponentially and given the high cost of construction, investing in a sound project such as Tulasi Mahal makes for a wise investment decision. A Design Buildproject by Sanken Construction, and developed by Peninsular Property Developers (Pvt) Ltd, construction of the project commenced with a traditional ground-breaking ceremony and laying of the foundation stone along with all religious observances in July 2012 and is expected to be completed by end October 2013.
Tulasi Mahal has been planned as an exclusive 36unit two bedroom apartment building which will include all the luxury fittings and facilities befitting this one-of-a-kind project. The 6-storey development will feature luxury fittings and modern amenities, a launderette, restaurant area and anopen area at the roof top. A well conceivedlayout blends the functional with the aesthetic, with spacious and comfortable living spaces complete with luxury fittings to offer convenience and comfort in equal measure. A stand-by generator, CCTV system in the main lobby and 24-hour security will harmonize to create a perfect setting. The luxury apartments also offer a novel concept of a2key 2 bedroom apartment, whereby it is possible to have the option to use the apartment as one large two bedroom unit or as two separate single bedroom units as required.
A pioneering construction company in the country, Sanken Construction (Put) Ltd., is responsible for building landmark commercial buildings, residential apartments, hotels, banks and hospital projects and leisure properties both in and outside the country. Over the years, Sanken has earned a reputation for integrity and total reliability in the real estate sector. Some of its salient projects are the Parliament of Sri Lanka, Trillium Residencies, Empire Towers, HNB Towers, Emperor Residencies, Capitol Residencies, Aitkin Spence Building, Majestic City Complex, House of Fashions building, JAIC Hilton, HR Residencies and Nawaloka Hospitals. The company has been recognized by several institutions for excellence in operation and management systems. Today, a project by Sanken Construction is preferred for its superior construction quality, timely delivery and resale value.
The group has now formed Capitol Developers (Pvt) Ltd., which counts Peninsular Property Developers (Pvt) Ltd, the developers of Tulasi Mahal, as its real estate developing subsidiary. The developer is backed by the Sanken Group. courtesy: The Island