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By Indocean Developers
Colombo 2


68 Floors, 404 Units


1,468 - 4,601 sqft


March 2012




LKR 125m - 250m

High-rise living in Colombo is nothing new, but a diagrid structure that immediately commands attention on the skyline is. Developed on a prime two-acre property and designed by the celebrated architect Moshe Safdie, The Altair Colombo has carved out its own niche in the real estate market.

Altair stands as a beacon of design innovation, boasting two towering blocks—one soaring 63 stories and the other reaching a striking 68 stories. This iconic marvel spans 1.3 million sq ft and is revered as the tallest residential building in the region, coveted by the elite.

The innovative design of Altair ensures not only aesthetic appeal but also structural superiority. Its unique diagrid design, featuring steel and triangular structures, integrates gravity and lateral support, eliminating the need for bulky corner columns and facilitating superior load distribution. This design also maximises natural light and offers column-free interiors, enhancing flexibility and creating an inviting ambiance.

Strategically located at Sir James Peiris Mawatha, Colombo 2, Altair offers residents breathtaking views of the ocean, Beira Lake, the Port, and the city. The towers are thoughtfully oriented to optimise sunlight and wind infiltration, harnessing Colombo's tropical climate to its fullest potential with cross-ventilation in every residential unit.

Altair also boasts an array of luxurious amenities, including four swimming pools catering to different preferences, a well-equipped games room, a state-of-the-art gym, a jogging track, lush green spaces, and 11 high-speed elevators for convenience. In addition, Altair incorporates eco-conscious features such as rainwater harvesting and energy conservation, aligning with modern sustainability standards.

But it doesn’t stop there. Altair features over 35,000 sq ft of high-end retail space, offering al fresco dining along a tree-lined promenade overlooking Beira Lake and boutique shops from international brands, completing its allure as a premier destination.

Experience luxury living redefined at Altair, where architectural brilliance meets contemporary comfort, setting a new standard in upscale urban living.

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Swimming Pool
Waste Disposal
Kids Play Area
24/7 Security
Hot Water System
Building Management System
Jogging / Cycling Tracks
View all 24 amenities
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tick iconInnovative structural design and cross-ventilation, leveraging Colombo’s tropical climate
tick iconEco-conscious systems such as rainwater harvesting and energy conservation
tick iconHigh-speed elevators, reaching the highest floors in the half the time of the average
tick iconFour swimming pools and other amenities, adding to the pinnacle of luxury living
tick icon35,000 sq ft of retail and gourmet dining space, overlooking the Beira Lake

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Colombo 2 Area Guide

Colombo 2, known as Slave Island, uniquely blends Sri Lanka's historical depth with modern vibrancy. Once an actual island on Beira Lake, this area has evolved from its colonial past into a bustling commercial hub within Colombo's heart. Featuring diverse architectural styles, from colonial buildings to contemporary high-rises, Colombo 2 serves as a dynamic testament to urban development.

The district boasts significant landmarks, such as Beira Lake and Gangaramaya Temple, contributing to its cultural and religious landscape. As a central business district, it's home to corporate offices, government buildings, and recreational spaces, making it a key area for both historical exploration and modern city life.

The real estate scene in Colombo 2 is vibrant and dynamic, characterised by a mix of residential and commercial developments. This area's strategic location and historical significance have made it a hotspot for investment, with a range of properties from luxury apartments to commercial spaces attracting both local and international investors. For more detailed insights, it's beneficial to explore specific listings and market analyses relevant to Colombo 2's real estate landscape.

What’s great here?

tick iconLocated in the heart of Colombo, allowing for effortless commutes to any part of the commercial capital.
tick iconWell-served by extensive bus routes and train services, ensuring excellent connectivity within Colombo and beyond​​.

What needs attention?

tick iconImproving pedestrian walkways and traffic management can enhance the commuting experience in this densely populated area, making it more navigable for both pedestrians and vehicles.
tick iconA need to address urban pollution and maintain cleanliness around Beira Lake and public spaces.

Colombo 2 Neighbourhood Rating


out of 5


Indocean Developers

Indocean Developers (Pvt) Ltd, backed by South City Projects (Kolkata) Ltd. (SCPKL), is a distinguished Indian property development group. Led by six renowned real estate experts, SCPKL has reshaped the Kolkata skyline with over 100 projects nationwide, boasting 200+ years of collective experience. Their diverse portfolio spans townships, residential towers, malls, IT parks, and more.

Renowned architect Moshe Safdie spearheaded Altair's design. Some of his iconic projects include Marina Bay Sands Singapore, Jewel Changi Airport Singapore, and Salt Lake City Public Library in Utah. With the project drawing contributions from companies based in the UAE, the US, Canada, Belgium, and Thailand, Altair truly brings world-class brilliance to Sri Lanka’s luxury real estate market in every sense.

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Property Price Trends in Colombo 2 for

Average Price (Last 12 months)
Rs. 110,266.96 sqft
Past 12 months' growth
Negative Trend
Past 3 months' growth
Positive Trend
Price information is based on historical data from ads posted on ikman and may not reflect the full market dynamics.

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