Blue Ocean Group secures BOI approval for luxury residential projects at over USD 16 Mn

Blue Ocean Group secures BOI approval for luxury residential projects at over USD 16 Mn

Blue Ocean Group of Companies has reinforced investor confidence and regulatory credibility by securing Board of Investment (BOI) approval for three premium luxury residential developments located in some of Colombo’s most prestigious addresses. The combined investment for these projects exceeds USD 16 million, underscoring the Group’s strong financial standing, governance standards, and long-term commitment to Sri Lanka’s real estate sector.

South Asians & Diaspora

The BOI-approved developments are located at De Saram Road, Mount Lavinia; Layards Road, Colombo 04; and Havelock Place, Colombo 05. These approvals reflect institutional confidence in Blue Ocean Group’s compliance with international development standards, financial transparency, and sustainable value creation.

One of the flagship developments is The Grand Lavinia, a BOI-approved luxury residential project at De Saram Road, Mount Lavinia, with an investment value of USD 4.63 million. Positioned along Sri Lanka’s iconic southern coastline, the project introduces a refined lifestyle concept that combines coastal tranquility with contemporary architecture and premium specifications—often described as business-class living with a sea breeze.

Complementing this coastal development is Blue Ocean Breeze, located at Layards Road, Bambalapitiya, Colombo 04, with an investment of USD 3.38 million. Situated in one of Colombo’s most sought-after residential neighborhoods, the project exemplifies refined urban living through modern design, superior construction quality and long-term investment security.

Further strengthening the portfolio is Havelock Signature, a luxury residential development at Havelock Place, Colombo 05, backed by an USD 8.11 million BOI investment agreement. Designed to meet the evolving expectations of contemporary city lifestyles, the project blends elegant architectural design with robust engineering and thoughtful planning, setting a new benchmark for premium living in Colombo 05.

“These BOI approvals are a strong endorsement of our vision, credibility, and long-term commitment to Sri Lanka,” said a spokesperson for Blue Ocean Group. “Each development is carefully planned to deliver not only exceptional living experiences, but also sustainable investment value backed by regulatory assurance.”

With over a decade of proven success, Blue Ocean Group of Companies has established itself as a trusted name among homeowners, professionals, and overseas investors seeking secure, high-value real estate opportunities in Sri Lanka. Together, these BOI-approved developments represent the Group’s bold vision for the future of luxury living where coastal elegance meets urban sophistication, and where trust and long-term value define every investment.

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