Tulasi MahaL, Jaffna’s first luxury apartment development project has been launched in the prominent northern city recently. The high profile project is scheduled for completion in September 2013. Located in the heart of the city, on the A9 Road in close proximity to the Kachheri, Tulasi Mahal will be a pioneering luxury apartment project in Jaffna, a city that is experiencing rapid economic growth in recent months. The project is being designed and built by Peninsular Property Developers (Pvt) Ltd, a subsidiary of Sanken Construction (Pvt)Ltd, synonymous for quality standards and superior craftsmanship.
Tulasi Mahal has been planned as an exclusive 36 unit two bedroom apartment building which will include all the luxury fitting and facilities befitting this one-of-a-kind project. The 6 storey edifice will feature luxury fittings and modern amenities to provide a feeling of being pampered to the hilt. The building has an open recreational area where families can indulge in fellowship.
A well conceived layout blends the functional with the aesthetic, with spacious and comfortable living spaces , air - conditioning , fitted pantry cupboards with gas hob and cooker hood to offer convenience and comfort in equal measure. Featuring luxury fittings and polished ceramic tiles for floors and engineered doors, stand by generator , CCTV system in the main lobby and 24-hour security harmonize to create a perfect setting. The luxury apartments also offer a novel concept of a 2 bedroom/2 key system, whereby it is possible to have the option to use the apartment as one large two bed room unit or as two separate single bed room units as required.
Moreover, Tulasi Mahal is located in the lap of nature, with lush greenery in its immediate vicinity. Residents can revel in the beauty of nature and yet be secure in the knowledge that they live minutes away from essential amenities such as places of worship, railway station, main bus stand, schools, kachcheri, shops, offices and government institutions.
As the premier luxury apartment development in Jaffna, this project is generating much interest amongst investors who see this as a unique opportunity to own a luxurious apartment that mirrors leading real estate projects in Colombo. Jaffna is fast moving towards regaining its past glory as a business and education hub in the country, making it an ideal investment destination. Keeping in mind the rapid proliferation of branch offices in Jaffna by leading corporates in the country, Jaffna is poised to fast track infrastructure growth and stimulate economic activity.
Land prices in Jaffna are rising exponentially and given the high cost of construction, investing in a sound project such as Tulasi Mahal makes for a wise investment decision. The luxury apartment project is economically viable, prices at unbelievably competitive rates.
A prime project of this nature will always appreciate over time and in fact will be a good hedge against rising property prices in Jaffna which are bound to escalate further with inevitable economic progress. Whether as an investment as a residence; for rental purposes; or purely as an investment, real estate experts estimate an approximate x% annual appreciation of the property, which implies a lucrative resale value as well. Lastly, as the flagship luxury apartment project in the city, investing in Tulasi Mahal now offers a head start for investors seeking first mover advantage in emerging economic hubs in the country.
A pioneering construction company in the country, Sanken Construction (Pvt) Ltd., is responsible for building landmark commercial buildings, residential apartments, hotels, banks and hospital projects in the country. Over the years, Sanken has earned a reputation for integrity and total reliability in the real estate sector. Some of its salient projects are Trillium Residencies, Empire Towers, HNB Towers, Emperor Residencies, Capitol Residencies, Aitken Spence Buildings, Majestic City Complex, House of Fashions building, JAIC Hilton, HR Residencies and Nawaloka Hospitals. The company has been recognized by several institutions for excellence in operation and management systems. Today, a project by Sanken Construction is preferred for its superior construction quality, timely delivery and resale value.
The group has now formed Capitol Holdings (Pvt) Ltd., which will country real estate development subsidiaries such as Peninsular Property Developers (Pvt) Ltd, the developers of Tulasi Mahal, which is backed by the solid construction credentials and financial strength of the Sanken group.