A tri-partite ESCROW account has been established for payment settlements in the upcoming “Green Valley” Apartment complex project in Athurugiriya that was formally launched recently, developers announced last week. ESCROW, which is a state-of-the-art online settlement portal, provides one of the best online transaction services and accounts that facilitate and accelerate e-commerce by assuring a secure settlement.
“The service provides the facility for all three parties to collectively have a control over transactions and monitor together with the selected bank. This system has made it extremely trustworthy for any payment that is made against a housing unit which is yet to be constructed. Furthermore the Government also gives an assurance for the final delivery,” Home Lands Skyline said.
This project, built on a township concept was initiated under the Accelerated Programme for the construction of 500,000 middle-income houses, a brainchild of Prime Minister Ranil Wickremesinghe, under the guidance of Minister of Housing and Construction, Sajith Premadasa.
At the launch, the commemorative plaque was unveiled by Minister Premadasa while the foundation stones were laid by Minister Sajith Premadasa , Minister Wijayadasa Rajapakshe, Lakwijaya Sagara Palansooriya, Mrs. Srimathi Weerasinghe and Chairman of Home Lands Skyline, Nalin Herath.
The project is a Private-Public-Partnership with Home Lands Skyline, Ministry of Housing and Construction and the National Housing and Development Authority to design, develop and construct a luxury apartment complex at affordable pricing Panagoda, between Athurugiriya and Homagama.