President Gotabaya Rajapaksa recently inspected the Altair Commercial and Residential building which is under construction.

The construction of the building commenced in 2012 in the 2.5-acre land adjacent to the Beira lake.  The ground floor of the building covers an area of 40,000 square feet. It consists of 404 super luxury apartments in addition to a world-class shopping complex. Altire building complex has two soaring towers one with 68 floors and the other with 63 floors. The building will be one of the tallest buildings in Colombo when it is complete.

This project has been registered under the Board of Investments (BOI) and the total investment for this project is US$ 250 million. The project is supervised by the Urban Development Authority.

Currently, up to 98% of the construction has been completed and the President expects it to be concluded by next January, the President’s Media said in a statement. 

President Rajapaksa highlighted that constructions of this caliber will attract tourists into the country.

Urban Development and Housing Ministry Secretary Sirinimal Perera, UDA Chairman Harshan de Silva, Altair Director Pradeep Moraes, and other officials of UDA were also present at the site visit.