Hyderabad based SuchirIndia in partnership with NEB Rapid Infrastructure Projects, Sri Lanka, is likely to construct a $250 million (approx Rs 1,225 crore) 40 storeyed building project in the suburbs of Colombo. SuchirIndia is expected to take up the proposed project through a SPV SUCHIRNEB Projects.
The building project is to construct a tower complex that is expected to have a 40 floor commercial complex in Phase I and a 70 floor residential tower in Phase II at Battaramulla in the Colombo suburbs. While, the tower complex is estimated to cost $110 million (approx Rs 539 crore), the cost of residential tower is pegged at $140 million (approx Rs 686 crore).
The 1.2 million sq ft structure is scheduled to be completed in 30 months.
Source : ProjectsToday
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