Home Lands Skyline, the undisputed leader in real estate development in Sri Lanka, is gearing up to transform the coastal town of Negombo by acquiring 7 acres of premier lagoon front land for a US$ 40 million landmark development project that is set to make history as the First Tourists Resort Apartment in Sri Lanka.
Located on the Negombo-Colombo main road, this landmark project is conveniently located just 10 minutes away from the Bandaranaike International Airport (BIA) and a mere 5 minutes away from the nearest expressway interchange. The project will provide over 40 amenities including an international standard restaurant and clubhouse. The existing Avenra Bayfonte restaurant is set to undergo a transformation, evolving into an internationally recognized establishment that meets global standards in the near future. While its stunning lagoon front will provide opportunities for engaging in lagoon activities, the development is also poised to create a thriving community hub that combines luxury, functionality and environmental responsibility, setting a benchmark in modern urban living while also creating significant economic and social benefits for the region. Additionally, its unique all-round attributes will allow for residents to generate a Return of Investment of up to US$ 125 per day, making it one of the most lucrative investment options in Sri Lanka’s real estate sector.
The project will consist of five numbers of residential towers featuring a mix of modern apartments and 40 luxury villas. Each tower will rise to seven floors, with two of the towers comprising eight two-bedroom apartments per floor, ranging in size from 900 sq.ft to 1,095 sq.ft. The other three towers will house eight three-bedroom apartments per floor, with unit sizes varying from 1,270 sq.ft to 1,375 sq.ft. The thoughtfully designed layouts and spacious interiors aim to offer residents unparalleled comfort and elegance, catering to both long-term occupants and short-term vacationers.
One of the most exciting aspects of this project is the community it will foster. Unlike traditional apartment complexes, this development is envisioned as a vibrant, interactive space where residents can connect, socialize, and create meaningful experiences. From yoga sessions by the lagoon to gourmet dining experiences at the on-site restaurant, the project is thoughtfully curated to offer something for everyone.
Home Lands Group Chairman Mr. Nalin Herath stated, “At Home Lands, we believe in constantly pushing the boundaries of real estate development in the country. This groundbreaking project on this site will feature as the first tourists resort apartments in Sri Lanka, with state-of-the-art residential apartments and villas, modern amenities and sustainable construction methods. Our initial plans include architecturally striking structures that perfectly blend with the natural surroundings, while offering world-class modern amenities, accessibility, convenience and sustainability”.
Home Lands Group of Companies is the only Sri Lankan developer to have a CS2 grade construction arm which is awarded by CIDA (Construction Industry Development Authority). The group has transformed the real estate landscape in Sri Lanka with over 3,000 apartments delivered to customers, and 1,800 apartments under construction with a commitment to add 600 apartments annually from the year 2025. Today, it is by far the largest residential real estate solution provider in the country, owning 58% market share according to statistics provided by Research Intelligence Unit (RIU), the country’s premier real estate industry research company. In addition, Home Lands has been recognized as the Most Preferred Brand in the Residential Real Estate Sector as per the recent RIU brand health survey.
Home Lands Group has developed Sri Lanka’s largest residential development project, Canterbury Golf Resort Apartments and Villas, spanning 55 acres of land and consisting of 1,200 residential units. Conceptualized around a golf green and club house, it is South Asia’s first golf resort apartment and residencies project, and has bagged numerous awards. This underscores the company’s constant pursuit for excellence in all aspects of its business operations.
Ultimately, this landmark development is not just about building homes—it’s about building a lifestyle. With meticulous attention to design, sustainability, and community-building, Home Lands Skyline is setting a new precedent for real estate in Sri Lanka. The lagoon-front project in Negombo will not only redefine modern living but also place Sri Lanka on the map as a destination for world-class residential and resort-style real estate investments. 
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