Minister of Finance Ravi Karunanayake being accorded a warm welcome by Blue Ocean Group Chairman S. Thumilan

Sri Lanka’s largest condominium developer – Blue Ocean Group of Companies on unveiled its twenty- first and newest signature project – Blue Ocean at Layards Road, Colombo 04, heralding in a new era to Sri Lanka’s vibrant construction industry.   The prestigious Blue Ocean Group broke new ground in the heart of the city in Bambalapitiya in a bid to add a 14-storey luxury condominium complex complete with 50 well-appointed apartments at 15A, Layards Road, into its extensive portfolio of iconic real estate development projects in support of the government’s drive towards transforming the city into the investment nerve-centre and economic hub of South Asia.

The gala foundation stone laying ceremony was held under the patronage of Minister of Finance Ravi Karunanayake, Minister of Plantation Industries Naveen Dissanayake and other distinguished invitees.

Welcoming the distinguished guests, Chairman of Blue Ocean Group S. Thumilan, pointed out that Sri Lanka was perfectly poised upon the threshold of an exciting era.

“Overall, optimism reigns high in Sri Lanka in particular and in Asia Pacific in general, with capital inflows into our economy expected to increase during 2017, providing a much-needed boost to the country’s burgeoning property industry.”

“The Government has mooted so many positive and encouraging changes that would undoubtedly boost the property, construction and infrastructure sectors of the country creating a trickling down effect on all segments of the economy. Finance Minister in his 2017 Budget Speech has re-emphasized the huge potential for the construction and property industry anticipating it to grow into a fully-fledged Rs. 6,500 billion or nearly US$ 43.3 billion high-value sector in the next five years. So this is indeed an immensely exciting era not only for us industrialists but all Sri Lankans,” said a confident Thumilan.