As par Lanka Business online, Natvar Parikh & Co´s deal with the Sri Lankan Board of Investment (BOI) will indicate a range of tax breaks for the developer. The project is the starting phase of a larger project which on completion will include sixty thousand houses with an investment of US$1 billion and would mean a much-needed jobs, the BOI said

The residential apartment complex is to be built at Rajagiriya, a suburb west of Colombo.
The BOI told in meeting that the first phase of the project will give employment to twenty people, the BOI said in a statement.