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Old October 18th, 2014, 08:04 AM   #461
ramjisharma
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But no activities in the main site..its still covered with bush
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Old December 1st, 2014, 07:36 AM   #462
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When do they working on this again?
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Old December 1st, 2014, 08:52 AM   #463
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Quote:
Originally Posted by markjacks View Post
When do they working on this again?
last October look like star renovating now nothing , funny
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Old January 1st, 2015, 07:10 PM   #464
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http://www.wharf.co.uk/2014/12/alpha...bmitted-f.html

at least someone is using the building design for use
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Old January 2nd, 2015, 01:08 AM   #465
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http://thekrrishgroup.com/projects.html
http://www.krrishcolombo.com/

On the website of Krrish Colombo, there is no longer any mention of any towers being built, but only that the "The Transworks Square building will be transformed into an ultra luxurious hotel/commercial hub"

So it seems they are not going to build the towers after all?



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Old January 2nd, 2015, 09:03 AM   #466
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Another final warning to Krrish to pay up

The Krrish group In India has been warned that it should pay the balance of Rs. 639.5 million for the Colombo Fort Transworks Square land lease or face the risk of losing the land, a senior Urban Development Authority (UDA) official said. He said the Krrish group needed to complete payments for 70 perches for the lease agreement to be finalised.

“We will find a suitable investor if Krrish is not interested in making the payments,” the official added. He said that the value of the land had been increasing while the payments were pending from November last year. This is the third extension given to complete the payments. Earlier the group had paid Rs. 4.4 billion for the lease of the land

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Old January 2nd, 2015, 11:53 AM   #467
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The Krrish group In India has been warned that it should pay the balance of Rs. 639.5 million for the Colombo Fort Transworks Square land lease or face the risk of losing the land, a senior Urban Development Authority (UDA) official said. He said the Krrish group needed to complete payments for 70 perches for the lease agreement to be finalised.

“We will find a suitable investor if Krrish is not interested in making the payments,” the official added. He said that the value of the land had been increasing while the payments were pending from November last year. This is the third extension given to complete the payments. Earlier the group had paid Rs. 4.4 billion for the lease of the land

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It looks as if Krrish was trying to use customer deposits to settle payments to the government. I think a local investor like JKH, Nawaloka, Maga could do this better. I am happy if they kick Krrish out and offer it to a Sri Lankan reputed firm.
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Old January 2nd, 2015, 03:00 PM   #468
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It looks as if Krrish was trying to use customer deposits to settle payments to the government. I think a local investor like JKH, Nawaloka, Maga could do this better. I am happy if they kick Krrish out and offer it to a Sri Lankan reputed firm.
Everything was wrong with this project.
Krrish is a big lie and they probably bribed some officials when the deal was signed.Building two 90+ floor and one 60+ buildings costs insane amounts of money and it will take at least a decade for project like that can be profitable in Sri lanka.
Local guys does the job way better but they still lack the money to fund a huge project for now but they are expanding fast
Its time the Government start aiming for Korean,Japanese ,US and EU investors who have the money ,guarantees ,clear goals and can build safe,beautiful and modern buildings
most of all they have consumer trust which attracts investors with less questions to answer
a 100 floor buildings is a piece of cake for most of them if they consider it feasible
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Old January 9th, 2015, 03:18 PM   #469
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Now they are demolishing the older buildings behind transwork building.....hope they are gonna do something
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Old January 11th, 2015, 05:05 PM   #470
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I feel the new government of MY3 should cancel the agreement and get fresh bidders. He has other priorities but I am sure the relevent Ministry secretary will get this sorted.
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