Nadeem Shums Archives

John Keells Properties reports soaring demand for real-estate at VGCR John Keells Properties has reported a strong demand for the real-estate options at The Victoria Golf and Country Resort (VGCR). The country’s leading property developer has announced that over 50% of its exclusive Sunrise Ridge Holiday Homes have been sold to date and they have also sold out all the premium land plots from phase one which was launched in September 2020. The 16-villa Sunrise Ridge development -designed by renowned architect and urban designer Madhura Prematilleke- is set at the heart of the pristine fairway, and features two bedrooms with en-suite baths, a kitchenette, living room, and private deck in each 2,000 sq.ft impeccably designed villa. Having claimed a stake in this secluded hillside oasis, homeowners can soon wake up to expansive views of the golf course and the spectacular Victoria reservoir. ...

Sharia-compliant financial solutions for TRI-ZEN customers John Keells Properties (JKP) has partnered with HNB Islamic Banking to offer a Sharia-compliant financial solutions for customers looking to invest in their upcoming TRI-ZEN residential development in Colombo. The collaboration will offer attractive rates which are competitive in the current mortgage market through the Islamic Banking Finance system, which utilizes an asset-backed equity-based alternate financing method. The principle used is “Diminishing Musharakah”, a rental based investment where the customer and bank jointly invest in a tangible asset. A key feature is that it does not involve ‘interest’ and is, therefore, an attractive option for people from faiths that prohibit interest or for those seeking alternate financing options. “As the country’s leading property developer, John Keells Properties has always been at the forefront of innovation and introduced attractive financial solutions for our customers. This is our first collaboration to offer Sharia-compliant financial solutions and ...