HNB home loans will be offered to buyers of Silk Rajagiriya, as Hatton National Bank partners with Baili Investments Lanka to support homeownership in one of Colombo’s emerging residential developments.
HNB home loans back Silk Rajagiriya residential development
Sri Lanka’s Hatton National Bank has entered into a strategic partnership with Baili Investments Lanka (Pvt) Ltd to offer dedicated home loan facilities for Silk Rajagiriya, a large-scale residential development currently under construction in Colombo’s eastern suburbs. The collaboration aims to improve access to housing finance while strengthening confidence in the country’s private residential real estate market.
Under the agreement, HNB home loans will be available to eligible buyers of apartments within the Silk Rajagiriya project until 31 December 2026. The initiative reflects the bank’s broader retail banking strategy of supporting long-term housing needs through structured financing solutions aligned with reputable developers.
Silk Rajagiriya is being developed as a mixed residential complex comprising six high-rise towers integrated with a commercial and lifestyle component. The project includes a shopping complex, cinema, clubhouse, indoor golf facility, art gallery, rooftop leisure areas, a swimming pool, and a jogging track, positioning it as a comprehensive urban living environment rather than a standalone apartment scheme.
Speaking on the partnership, HNB’s Head of Retail Banking and Senior Vice President, Kanchana Karunagama, noted that the development reflects changing residential preferences in Sri Lanka’s urban centres. She said the bank was pleased to support buyers in accessing structured financing options that allow them to invest in modern living spaces with confidence and clarity.
The availability of HNB home loans for the project is expected to ease financing constraints for middle- and upper-income buyers seeking long-term housing solutions in Colombo’s expanding residential corridors. Rajagiriya, located near key administrative, commercial, and transport hubs, has seen sustained demand driven by its proximity to Parliament, government institutions, and arterial road networks.
Silk Rajagiriya is situated at the junction of Buthgamuwa Road and Parliament Road, a location that offers connectivity to Colombo city, Battaramulla, and surrounding suburbs. Developers have positioned the project to appeal to professionals and families seeking access to urban conveniences while maintaining a residential environment with integrated recreational facilities.
Construction of the project is currently underway, with work progressing to the eighth floor. Completion is projected for September 2028, according to the developer. The phased construction approach is intended to maintain build quality while aligning delivery timelines with buyer expectations and financing schedules.
Baili Investments Lanka, the project developer, is registered with Sri Lanka’s Board of Investment and is backed by investors from Hong Kong. The company has indicated that the partnership with a leading local bank is intended to simplify the home-buying process and reinforce buyer confidence at a time when the real estate sector is navigating broader economic adjustments.
Commenting on the agreement, Baili Investments Director Xueyuan Deng said the collaboration with HNB helps ensure that financing for buyers is transparent and accessible. He added that the partnership supports the developer’s objective of delivering a premium residential experience while contributing to stability and trust within the private property market.
From a sector perspective, partnerships between banks and BOI-registered developers have become increasingly important in sustaining residential demand. With buyers placing greater emphasis on financing certainty, completion timelines, and developer credibility, bank-backed housing loan schemes serve as a key differentiator in competitive urban real estate projects.
For HNB, the agreement extends its presence in Sri Lanka’s housing finance segment, where demand remains closely tied to urbanisation trends, household formation, and long-term investment considerations. By aligning with large-scale, mixed-use developments such as Silk Rajagiriya, the bank continues to position its home loan portfolio around projects that offer both residential utility and long-term asset value.
As construction progresses toward its targeted completion in 2028, the availability of HNB home loans is expected to support steady buyer interest, particularly among purchasers seeking structured repayment options linked to a recognised financial institution and a BOI-backed developer.