Krrish liquidator invites bids for controversial project View(s):The controversial Krrish project in Fort, Colombo which has residencies and two upmarket global hotel brands, last week invited local and foreign bids to develop the property which has three towers and a podium with a total 10.4 million square feet of space. The project originally promoted by India’s Krrish group was taken over by the government after the former failed to meet deadlines. The Krrish liquidator said the original total project cost was made up of $395 million (84 floors for Ritz hotel and residencies), $125 million (74 floors for JW Hotel and JW residencies), $145 million (94 floors for JW Residencies and office), total construction costing $665 million and design and development $47 million. Construction work by the Krrish company, after securing a 99-year lease from the Urban Development Authority in 2012 for $17 million (Rs. 70 million in connection with the controversial Krrish project.

Source: Sunday Times January 25, 2026 06:45 UTC