Prime Group has announced that its flagship residential project, YOLO by Prime Group, has received approval from the Board of Investment of Sri Lanka, marking a significant milestone in attracting foreign investment and supporting urban development. The company has signed a $52.5 million investment agreement with the BOI, highlighting the project’s contribution to economic growth and modern housing infrastructure.
Located in Kiribathgoda near Kadawatha, the 13-acre development comprises 476 apartments across 46 buildings. Designed to enhance urban living, the project offers strong connectivity to major cities including Colombo, Kandy, and Galle. Each building features rooftop gardens, while the site is located in a flood- and landslide-free zone, ensuring safety and long-term value.
The development includes over 100,000 sq. ft. of shared facilities such as a swimming pool, gym, co-working spaces, sports amenities, and entertainment options, catering to modern residential and lifestyle needs. Construction is currently progressing as scheduled, with all units aligned to planned specifications and timelines.
In addition to its residential appeal, the project is expected to generate employment across construction, property management, and service sectors. With apartment prices starting from Rs. 35 million and flexible payment options, the development presents a strong investment opportunity, offering potential for capital appreciation and rental income in a rapidly growing real estate corridor.
