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The luxury residential project, Sapphire Residences by ITC Hotels, entrusted to India Sotheby’s International Realty’s Sri Lankan subsidiary, for its global marketing.

Sotheby’s International Realty

New Delhi (July 3, 2018) – Sri Lanka Sotheby’s International Realty has been appointed as global marketing agents for the ultra-prestige residential development Sapphire Residences at Colombo 1, by Welcom-Hotels Lanka (Private) Limited (WLPL), Sri Lanka – a 100% subsidiary of ITC Limited, India.

Situated on Colombo’s prime ocean front location on Galle Face, the 132 apartments and penthouses of Sapphire Residences and the 5-star ITC One hotel have been under construction since 2015. The 1,000-strong workforce is aiming to complete the project by 2021.

The Colombo project is ITC’s first development outside India and is committed to mirror their values and achievements in India and present themselves to the world as a leader in both hospitality and residential development.

Executive Director of ITC Limited Nakul Anand stated, “ITC has made a long-term commitment to building an iconic mixed- use development that will endeavour to set new standards in Sri Lanka, in both the residential and hospitality markets. ITC One Hotel at Colombo 1 and the Sapphire Residences, represent a very significant long-term commitment by ITC Ltd to the future of Sri Lanka.”

CEO of India Sotheby’s International Realty, Amit Goyal said, “We are thrilled to take on board this prestigious and ultra-luxurious project by ITC in Columbo through our subsidiary Sri Lanka Sotheby’s International Realty and we look forward to taking this to a global audience through the unmatched network of Sotheby’s International Realty®”


India Sotheby’s International Realty is part of the of US-based Sotheby’s International Realty, which operates a global network of over 22,000 affiliates with 950 offices across 70 countries, dealing in luxury real estate properties. In 2017, the brand achieved record global sales volume worth USD 108 billion. Sotheby’s International Realty is part of Sotheby’s, a 274-year-old world renowned brand that is synonymous with luxury, serving the global clientele in acquisition and disposition of art and valued assets such as jewellery, wine, cars, watches as well as high end real estate.

Welcom-Hotels Lanka is in the final stages of preparing the Experience Centre at Sapphire Residences for guests and will shortly enable prospective residents to enjoy the outstanding scale, quality and finish of the apartments with the interiors designed by YOO

– inspired by Philippe Starck. Of particular note is the exceptionally large size of the apartments, making them ideal family homes. The apartments are serviced not only by the adjoining 5-star ITC One hotel but also by an extensive range of amenities from swimming pools to gyms etc, to entertain the whole family. The combination of the uninterrupted stunning panoramic views of the Indian Ocean and the Beira Lake, the ultra-high specification and security make the Sapphire Residences the ideal location for a family to transition from villa living to vertical living.