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Prime Group’s Bhoomi Realty breaks ground on OAZI in the heart of Kaduwela pre-selling over 100 units highlighting strong market confidence

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OAZI, the flagship residential development by Bhoomi Realty Holdings, a member of the Prime Group, officially commenced construction with a groundbreaking ceremony held in Kaduwela recently.  The event celebrated an important milestone for one of Sri Lanka’s most anticipated apartment projects. 

Positioned as Kaduwela’s highest, safest, and largest apartment development, OAZI is poised to redefine modern residential living and establish a new benchmark for luxury, security, and lifestyle in the region. 

Bringing together premium design, an unmatched rooftop experience, strategic connectivity, and the strength of Prime Group’s development expertise, it ushers in a new era of a truly distinctive residential lifestyle.

Demonstrating outstanding market confidence, OAZI achieved a major overwhelming pre-sales response with over 100 apartment units sold. Early buyer enthusiasm demonstrates strong investor interest and market’s confidence in Prime Group’s proven track record of creating signature residential communities throughout Sri Lanka.

Strategically located at one of the highest and most prominent residential elevations in Kaduwela, OAZI offers residents commanding views, a serene living environment, and exceptional connectivity to Colombo, the Outer Circular Expressway, and key commercial and lifestyle destinations. 

The development is uniquely situated on the New Bypass Road in the heart of Kaduwela, a strategic infrastructure initiative developed by Bhoomi Realty Holdings, which is expected to become an important addition to Sri Lanka’s road network connecting the Low Level Road with the new Kandy Road. 

The project will significantly enhance accessibility and regional connectivity. OAZI has been carefully designed to capitalise on its unique elevated setting, delivering a modern urban lifestyle experience.

The development comprises a total of 351 contemporary apartment units designed to deliver a sophisticated residential experience. A defining feature of OAZI is its iconic rooftop lifestyle destination, set to become Sri Lanka’s largest rooftop experience. Featuring more than 20 premium lifestyle amenities, the rooftop will be anchored by a spectacular 150-foot infinity swimming pool offering panoramic views of the surrounding landscape. Residents will also enjoy dedicated wellness, fitness, leisure, entertainment, and social spaces, creating an elevated lifestyle unlike any other residential development in the country. 

In addition to its premium lifestyle offering, OAZI presents one of the most compelling value propositions currently available in the Sri Lankan apartment market as the project offers an exceptional opportunity for homeowners and investors seeking modern urban living at an attractive price. 

Complementing this value proposition are several attractive payment options designed to provide buyers with greater financial flexibility and ease of ownership. For investors, the project also promises a massive return, positioning OAZI as both a lifestyle choice and a high‑yield investment opportunity

Combining spacious layouts, premium amenities, strategic connectivity, and affordable payment options, OAZI stands out as one of the most accessible and attractive apartment investments within easy reach of Colombo.

The success of OAZI is driven by the vision, expertise, and trusted reputation of Prime Group, Sri Lanka’s leading real estate developer. Through Bhoomi Realty Holdings, Prime Group continues to deliver transformative developments combining strategic locations, thoughtfully crafted design, and long-term investment value. 

For more information, contact 0701 34 77 77 – www.bhoomirealty.lk

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JKH to Launch Wendy’s in Sri Lanka

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John Keells Holdings (JKH) has planned a significant expansion of its Consumer Foods portfolio by entering Sri Lanka’s Quick Service Restaurant (QSR) segment. This strategic move will be marked by the rollout of Wendy’s, a globally recognized restaurant brand.

The conglomerate confirmed that all relevant franchise agreements and necessary preliminary work have been concluded. This diversification signals JKH’s intent to capture a share of the fast-food market through an internationally established brand.

While the rollout is in its early stages, the company has set a clear timeline for its market entry. The first Wendy’s outlet is expected to open by December 2026. This move is part of a broader effort by JKH to diversify its interests and strengthen its presence within the consumer goods and services landscape in Sri Lanka.

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Sri Lankan-founded startup Logical accepted into Y Combinator, raises over Rs. 150 Mn

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A Sri Lankan founded artificial intelligence startup has achieved a major international milestone after being accepted into Y Combinator (YC), one of the world’s most prestigious startup accelerators, while also raising more than Rs. 150 million in initial funding to accelerate its global expansion.

Logical, founded by Sri Lankan engineers Samurdhi Karunaratne (Sam Karu) and Anushka Idamekorala, is believed to be the first startup established entirely by a Sri Lankan founding team to join the highly selective Silicon Valley accelerator. The investment provides the company with a strong platform to develop a globally competitive artificial intelligence product from the United States.

The company is developing a proactive desktop AI copilot designed for knowledge workers. Unlike conventional AI chatbots, Logical understands a user’s work context across multiple applications and proactively assists with drafting emails, preparing documents, summarising meetings, identifying action items and streamlining workflows with minimal prompting.

Chief Executive Officer Samurdhi Karunaratne said acceptance into Y Combinator reinforces the belief that Sri Lankan entrepreneurs should aspire to build globally significant technology companies. Co Founder and Chief Technology Officer Anushka Idamekorala added that the team’s ambition is to demonstrate that world class AI products can be created by Sri Lankan engineers competing on the global stage.

The two founders first met at Dharmaraja College, Kandy, before pursuing engineering degrees at the University of Peradeniya and the University of Moratuwa respectively. Both later continued advanced studies in the United States before launching Logical in Silicon Valley.

The achievement represents an important milestone for Sri Lanka’s innovation ecosystem, highlighting the country’s growing capability to produce globally competitive technology entrepreneurs and reinforcing its reputation as an emerging source of AI talent and deep technology innovation.

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First Fuel Station to be Established in Delft Island

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The Ceylon Petroleum Corporation (CPC) says a fuel station will be established for the first time on Delft Island in Sri Lanka.

CPC Managing Director Dr. Mayura Neththikumarage said the initiative is expected to boost tourism development and support livelihoods on the island.

He added that the current fuel distribution process in the Delft Island has been disorganised and the new facility aims to improve efficiency and access.

Dr. Neththikumarage further stated that the foundation stone for the fuel station was laid on the Delft Island today, with construction expected to be completed within the next few months.

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