GVR Lanka (Pvt) Ltd has set a new standard in the development of luxury residential buildings in Sri Lanka by integrating environmentally friendly and sustainable features into their Dynasty Residence in Kandy. After a technically rigorous design and construction process, the Dynasty Residence was awarded LEED Gold certification by the US Green Buildings Council (USGBC), LEED 2009 rating system.
Dynasty Residence
GVR’s Dynasty Residence provides the best class architecture, sustainability and engineering features to their clients, resulting in luxurious yet environmentally responsible living. LEED which stands for Leadership in Energy and Environmental Design is an international rating system developed by the U.S. Green Building Council (USGBC). It is the foremost programme for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance, the local developer said in a media release.
The Dynasty Residence apartment project, being built on the banks of the Mahaweli River, promises to be the first and last of its kind. Construction is now almost complete and set to open in the third quarter of 2017. “Sri Lanka’s real estate market and construction industry are seeing rapid development, and more Sri Lankans are choosing to invest in this industry. Although there were some challenges, I am happy to say that this award must be shared with my partners, Sanken construction, architects, consultants, as well as the Government and local authorities and Kandy city planning officials,” said Mahasen Samaravijeya, Chairman and CEO of Dynasty Residence in Kandy.
Mr. Samaravijeya works out of both the US and Sri Lanka. He stated that the main reason he invested in Kandy was because it is his hometown and at the time of investing, he recognized that the city had a previously untapped potential and was ready to become the next best development destination after the fast developing city of Colombo. The total initial investment for Phase 1 – Dynasty Residence development project is US$ 26 million and not $6 million as reported earlier.
Dynasty Residence features aesthetically pleasing interior decor with each of its 19 floors featuring uniquely designed 17 floor plans. The building nestles 93 tastefully designed units including five uniquely designed duplex sky villas and four deluxe penthouses, each with distinctive features and styles from one another. The uniquely designed rooftop includes four private sky gardens with a golf putting and entertainment area, a common outdoor gymnasium, reading and healing gardens and a 170 meter jogging track. Dynasty Residence is funded by Mr. Samaravijeya and Mohan Chandramohan who are based in the US and both of whom call Kandy their home.