Fairline Residencies – L H Piyasena & Company (Pvt) Ltd

Dear Sir/madam,

Firstly, a warm and luxurious hello from the team at Fairline Residencies & Marine City – Sri Lanka

After the successful completion and disposal of Marine City apartments we are proudly announcing our new project Fairline Residencies, a great opportunity for those who missed out at the marine city.

I am writing to you to give you a small introduction to our project and to request an opportunity to further discuss this great investment opportunity with you .

· The Location:-
No.24 Innerfairline Road, Dehiwala, Sri Lanka and with easy access to all parts of Colombo city the capital of Sri Lanka. Overlooking indian Ocean and beautiful view surroundings, Fairline Residencies’ offers lifestyle apartments.

· Our Apartments:-
Our apartments are designed to ensure combined beauty and practicality of usage and durability. The flats come with fully fitted Pantry Cubbards, fully finished doors, windows, floors, kitchens, bathrooms, electricity and AC.

· Facilities:-
· Swimming Pool
· Gym
· Allocated Car park

Total Number of Apartments -34
02 Bedroom Apartments – Unit –B type – 1195 sq ft
03 Bedroom Apartments –Unit –A type – 1453 sq ft Unit – C type –1552 sq ft
Unit – D type – 1552 sq ft Unit- E type – 1549 sq ft
Unit – F type – 3130 sq ft

Architect:-
Bandusena Associates (Pvt) Ltd.

Main Contractor: – LH Piyasena & Company (Pvt) Ltd.
The Company:-
The Group
L H Piyasena & Company Private Limited commenced is operations as a partnership in 1960 as Building Contractors and Engineers and was subsequently incorporated to a Limited Liability Company.

The company is fully geared and has the capability to meet the very high demand of the modern construction industry in terms of maintaining high standards of building techniques strictly adhering to the code of conduct of the relevant Professional Institutions.

The company with its professional and technical manpower resources undertakes construction projects of any magnitude. Through the experience and the background of the Directors, Staff and well trained technical work force, the Company stresses much importance on singular responsibility for successful completion of large and complex projects.

The company holds ICTAD C1 Grade registration and is fully equipped with its own Machinery and Equipment to undertake projects of any magnitude. . It has the capability to handle projects locally and internationally with over 500 skilled workers in various vocations out of a workforce of over 1000 personal.

Price List
02 Bedroom Apartments – From 16 M to 19 M – From 01st floor to 07th floor
03 Bedroom Apartments – From From 19 M to 22 M – From 01st floor to 07th floor
03 Bedroom Apartments – From 19.5 M to 22.5 M – From 01st floor to 06th floor
04 Bedroom Apartments – Rs. 45.0m in 07th Floor
Each top level has Rs.500,000 increment per floor

Date of completion: – Mid 2017

Payment Terms: – Initial booking deposit of Rs 1M required on reservation.
The balance is paid in stages based on completion of work and spread 09 installments stretched upto 2 years.

Payment Scheme

Installment
Due Date
Percentage of Purchase Price
Amount in Rs.
Reservation Fee
On acceptance of the Offer Letter (50% none refundable)

10%
1,000,000/-
Down Payment
Within 30 days from this offer or upon execution of a Sale and Purchase Agreement (whichever is earlier)

01st Installment
Completion of Slab between Ground Floor & 01st Floor
10%

02nd Installment
Completion of Slab between 02nd Floor & 03rd Floor
10%

03rd Installment
Completion of Slab between 04th Floor & 05th Floor
10%

04th Installment
Completion of Slab between 06th Floor & 07th Floor
10%

05th Installment
Completion of Roof Top Slab
10%

06th Installment
01st finishing stage – Walls and Plastering
10%

07th Installment
02nd finishing stage – Certificate of Practical Completion
15%

On Possession
At the time of COC obtained
10%

On Deed of Transfer
Will be informed
05%

100%

In addition to the above details, the brochure is attached herewith for your reference.

Thank you and Best regards
LH Piyasena & Company (Pvt) Ltd.