Altair promotion in Maldives

From left: Managing Director, Damas Real Estate, Abdulla Salih, the Deputy Minister, Ministry of Housing and Infrastructure of the Maldives, Abdulla Ziyad, Director, Indocean Developers, Pradeep Moraes, Sales Manager, Indocean Developers, Angela Ranasinghe and Director, Damas Real Estate, Zayan S

Altair, Sri Lanka's spectacular 'A' shaped high-rise luxury condominium developer, conducted two promotional events in the Maldivian archipelago.

Members of the upper echelon of Maldivian society including MPs and members of the Cabinet, resort owners and prominent businessmen were present at the Jen Hotel in Male.

The second event targeting the expatriate community at the Hulhulé Island Hotel (HIH) was attended by diplomats, foreign investors and expatriates holding senior executive positions in the Maldives.

The events were organised by Indocean Developers (Pvt) Ltd, the promoters of Altair with local partners Damas Real Estate and Berthold and Kotthoff.

"The interest in Altair reflected its perceived potential as an inimitable luxury home for the affluent visitor and as an investment property in a fast-developing market," Director, Indocean Developers, Pradeep Moraes said. The development's 1.5 million square feet of high-end eco-friendly living space will be supported by 40,000 square feet of up-market retail space.

The project is due to be completed in 2017.