Indocean Developers, a venture of Indian property group South City Projects (Kolkata), is planning to start work on a $250m residential tower in Sri Lanka in September 2012.
The site of the tower will include 1.5 million square feet of land and will be located opposite Beira Lake in Colombo.
After completion, the condominium tower will feature 400 apartments spread across 68 storeys.
Indocean Developers director Jugal Khetawat said that the upmarket condominium will be the tallest tower in Colombo.
"We will set the precedent of development in the Biere Lake district as we understand the fabric of the area, and will create a showpiece on the lake frontage," Khetawat said. "This will certainly be lauded as the first of its kind in luxurious, yet environmentally friendly residential living."
Designed by US-based architect Moshe Safdie, the tower will feature a swimming pool, gym, lounge, function room, children’s play area and tennis courts.
Safdie noted that the building structure is very unique, with one tower, or half the building, leaning and connecting to a vertical tower which supports it.
"Every apartment either has an open-to-the-sky terrace or a balcony," Safdie said.
Singapore-based Sri Lankan architect Athula Amarasekera of Design Team3 will be the submission and detailing architect for the project.
The land on which the tower will be built is currently under the possession of the Sri Lankan Defence and Urban Development Ministry, which will give the site to Indocean on a 99-year lease.
The project is expected to be complete by 2017.