HNB joins Home Lands Holding to provide affordable financing for real estate and property investment
Working to reinvigorate the real estate landscape, Sri Lanka’s leading private sector bank HNB PLC, signed on as the official banking partner for real estate giant Home Land Holdings to offer prospective homeowners affordable payment solutions to invest in a property of their own.
The promotion will be applicable across the Home Lands wide portfolio of lands. The joint venture was entered into at a simple ceremony held at the Home Lands head office in Battaramulla. In attendance were HNB Deputy General Manager (DGM) – Retail Banking Group, Sanjay Wijemanne, HNB AGM – Personal Financial Services (PFS), Kanchana Karunagama, and Home Lands Group Managing Director, Nalin Herath, along with members of HNB and Home Lands Group’s senior management.
“The outlook for the real estate industry in Sri Lanka for 2023 is positive and resilient, despite the challenges created by the global pandemic and economic downturn. The sector has continued to flourish, providing numerous investment opportunities for real estate enthusiasts and prospective homeowners looking to invest in the property of their dreams. As such, we are delighted to sign on as the official banking partner to Home Lands to offer our loyal customers with the best options in the market,” HNB AGM – Personal Financial Services, Kanchana Karunagama said.
Delivering maximum value to its customers, HNB will provide convenient and flexible repayment options tailor-made to their budget. Doorstep mortgage advisory services are also provided by the bank’s dedicated agents, who will also assist customers with all legal documentation needed for the facility.
“We as a corporate have always been committed to ensuring prospective land/homeowners are offered the best solutions for their real estate needs, this is part and parcel of our corporate ethos. As part of this we have leveraged on our long-standing relationship with HNB to strengthen our commitment to offering prospective land/homeowners with the best possible solutions in the market and we are delighted to partner with them once again,” Home Lands Group Managing Director, Nalin Herath said.
“We would be subsidizing a component of the interest for three years, to make real-estate punches more possible to our valued customers during these times, by helping making their dream of owning a land or home a reality” continued Mr. Herath
Home Lands Group is the number one real-estate solution provider in Sri Lanka and was recently awarded the “Best Developer” in the 4th Property Guru Asia property awards (Sri Lanka) Asia 2021. Headed by one of Sri Lanka’s innovative business leaders Mr. Nalin Herath, a licensed professional surveyor with more than 20 years’ experience in surveying and land mapping, the Group consists of 2 companies in real-estate : Home Lands Skyline, in charge of the developing and selling of condominiums and individual houses, and Home Lands Holding, in charge of handling land sales. Providing its customers with the best properties as well as the most attractive facilities, Home Lands Holding continues to be the most preferred real estate partner of the nation, strengthening and revitalizing the industry.
HNB was ranked among the World’s Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2023 hosted by the Asian Banker Magazine.
