📈 Altair Executes 100+ Title Deeds Under New Blackstone Ownership

Altair Residences has reached a major legal milestone, executing over 100 individual title deeds in the last six months. This move provides owners with clear, registered legal titles in compliance with Sri Lankan property law, following the project's strategic transition to Blackstone India. • Key Governance & Management Updates • Ownership transition to Blackstone India has led to the formal constitution of the Altair Management Council, empowering residents in building governance. • Realty Management Services (RMS), a subsidiary of Overseas Realty Ceylon PLC, has been appointed as the new facility manager to ensure long-term asset stewardship. • Shareholders have recently injected approximately US$ 2 million (approx. Rs. 600 million) to fund safety, security, and aesthetic upgrades. • Strategic Outlook • The issuance of deeds is expected to accelerate in the coming months as Indocean Developers Ltd (IDPL) continues building improvements. • TWC Holdings, representing Blackstone's interests, highlighted that structured title issuance and professional facility management are critical for value creation in the real estate and luxury housing sectors.