Iconic Developments recently signed a Memorandum of Understanding (MoU) with leading bank NDB to widen the scope of financing options for prospective homeowners of the latest luxury living space, the “Iconic Galaxy” on Buthgamuwa Road, Rajagiriya.
The multi-faceted partnership is set to offer homeowners special discounts and flexible repayment options, inclusive of special benefits for professionals. At the same time, NDB staff members will also be trained to guide prospective homeowners. The MoU for the partnership was signed at NDB Head Office, Nawam Mawatha, Colombo 02 in the presence of high ranking members of the corporate team from Iconic Developments and NDB.
“The COVID-19 pandemic has shown us the importance of creating a home which is self-contained and self-sufficient to ensure peace of mind during such stressful times. Even though the Iconic Galaxy was not created with a pandemic in mind we are delighted to say the wide range of amenities we have put in place and the facilities available have proven to be ideal in catering to the comforts of prospective homeowners at a time in which their needs are evolving.
Additionally, the rising cost of real estate in Sri Lanka has made it difficult for many to invest in the home of their dreams and we hope that this partnership will offer many future residents of the “Iconic Galaxy” a convenient path to owning their dream home. Concurrently, we are also delighted to share our first-hand knowledge of the industry with NDB,” Iconic Developments (Pvt) Ltd., Managing Director, Rohan Parikh said.
Prospective homeowners will have access to special home loan schemes from NDB, complete with flexible repayment options of 20 years upto the retirement age, customised to their income patterns. Additionally, professionals are entitled to a special discount of 5% when purchasing a home at the Iconic Galaxy.
“We are delighted to be working with Iconic Developments to offer our home loan customers the opportunity to invest in luxury, self-contained living spaces in the suburbs of Colombo,” Mr Zeyan Hameed, Assistant Vice President (Personal Financial Solutions & Card Centre) of the NDB said.
Obtaining an NDB Home Loan is hassle free and simple especially because the Bank has cleared many projects from well-known developers for customers to choose. The designated sales team member will attend to the customer’s home loan request and will guide them throughout their loan process until the end. NDB will provide legal aid and technical support in accordance with the customer’s requirements. Customers do not have to go through an insurance process since they will receive a blanket cover for insurance of up to 20 million. Customers can also enjoy credit card offers throughout the year for housing and construction products.
NDB will promote the internationally-minded and locally inspired apartment complex across its 130 branches scattered across the island. Simultaneously, the Indian luxury apartment builder will train and coordinate with NDB frontline staff to identify and assist customers in search of their dream home.
Constructed and designed to the ‘pulse’ and ‘texture’ of Rajagiriya, the Iconic Galaxy imbibes the culture and the aspirations of the people and is on schedule to be completed by end of 2021.
The first to introduce a flood-proof construction and a rooftop landscape, the Iconic Galaxy will deliver 272 super-luxury, two, three, four and five bed-roomed apartments amidst a plethora of world-class amenities and services to complement the lifestyles of the buyers.
Located in the prime of Rajagiriya’s upscale locality, the apartment complex is accessible from two roads and is perched on the trunk route of the Buthgamuwa Road. True to its name, Iconic Galaxy provides a 7-level private club worthy of a 5-star hotel, private guest suites for overnight visitors and on-site conveniences that include a supermarket, business centre, beauty salon and laundromat.
NDB, which is the 4th largest listed commercial bank in Sri Lanka, is one of the fastest growing banks, having had a cumulative average growth rate (CAGR) in advances by 21% and in deposits by 25% in the last four years. From its inception, NDB Bank, along with the NDB Group has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy.
From left: NDB Home Loans Sales Manager, Danushi Siwrathna, NDB Manager- Legal, Nilanthi Dharmadasa, NDB Senior Manager- Consumer Sales, Christopher Fleming, NDB Chief Manager- Consumer Sales, Sameera Senarath, NDB Assistant Vice President- Personal Financial Solutions & Card Center, Zeyan Hameed, Iconic Developments (Pvt) Ltd Country Director, Shiraz Dawood, Iconic Developments (Pvt) Ltd AGM (India office), Abhishek Mishra, Iconic Developments (Pvt) Ltd Sales Manager, Awasha Dawood and NDB Home Loans Manager, Saranga Mendis.
Iconic Developments and NDB have signed a Memorandum of Understanding (MoU) to expand the scope of financing options for prospective homeowners of the “Iconic Galaxy” on Buthgamuwa Road, Rajagiriya.
The MoU was signed at NDB Head Office, Nawam Mawatha, Colombo 02 amidst high-ranking members of the corporate team from Iconic Developments and NDB.
The rising cost of real estate in Sri Lanka has made it difficult for many to invest in the home of their dreams. This partnership offers future residents of the “Iconic Galaxy” an easier path to own their dream home.