"Nations Lanka Millennium Housing sells 100 houses in 9 months"
Millennium Housing a subsidiary of Nations Lanka's Finance Plc
reached a milestone by selling more than 100 housing units in
Athurugiriya and Ja-ela within the first nine months.
From the inception the company has sold and built over 2500 housing
units in these Millennium City Projects.
MHDL offers range of houses starting from Rs. 2.9 m to Rs. 22 m.
The construction of houses is done under the supervision of MHDL
staff. Buyers are given a unique opportunity for supervision of the
construction work and materials used in the construction.
The Company has plans to launch many projects in the near future to
cater to the growing housing demand.
In March this year, a consortium of investors, Access Equity
Investors comprising Asanga Seneviratne, John Rudra and Nawaloka
Holdings (Pvt) Ltd headed by Jayantha Dharmadasa took over the
controlling interest of this company. This takeover has enhanced the
public image and confidence.
There is a demand for housing at present. The demand can be
attributed to the lower interest rates offered by banks for housing
loans and the massive infrastructure development in the country. MHDL's
plan is to join hands by providing quality affordable housing solutions.