Iconic’s risk-averse strategy validated during the current turbulent times


Iconic Developments, one of Sri Lanka’s leading brands in the construction industry, yesterday, April 29, reassured all consumers that, in these turbulent times, there is no risk of financial instability within the company and that it is stronger than ever and planning to launch its third project, Iconic Skye.

“Iconic Developments remains committed to delivering the best possible outcome to its stakeholders and acts on its promises, thereby attracting investors to Sri Lanka while sustainably committing to a greener Colombo”, said Chairperson Rohan Parikh.

“A big part of our promise at Iconic Developments is ensuring that we don’t take risks with your future. We assure you that the company will deliver your homes regardless of the uncertain outlook in the sector. We’ve already earmarked the funds for 100% construction of our newest development, Iconic Skye, unlike many builders. We most value your trust and will be delivering on our promises,” he also said.

Furthermore, the developer states that they will ensure that all customers are assured of returns on their investment. The Mumbai-based parent company has pledged to continue to bring foreign investments to the island-nation and support Sri Lanka during the unfolding crisis.

Iconic Developments’ first two projects in the luxury apartments market – the 24-storeyed 110 Parliament Road and the 33-storeyed Iconic Galaxy, both at Rajagiriya – were highly successful and established the company’s reputation.

Now, Iconic Developments is looking to repeat these successes with its latest venture, affordable luxury duplexes with Iconic Skye.