š HNB and Baili Investments Partner for Silk Rajagiriya Financing
Hatton National Bank PLC (HNB) has signed a Memorandum of Understanding (MoU) with Baili Investments Lanka Ltd to provide tailored home loan solutions for the Silk Rajagiriya mixed-development project. The partnership, valid until December 31, 2026, aims to streamline access to premium urban living for prospective homeowners. ⢠Project Overview: Silk Rajagiriya is a high-scale development by a BOI-registered developer with Hong Kong-based backing. It features six high-rise towers, a shopping complex, a cinema, and luxury amenities including a clubhouse and indoor golf. ⢠Construction Status: Currently at the 8th floor, with full completion projected for September 2028. ⢠Financial Solutions: HNB will offer structured home loan options with simplified documentation and competitive terms to boost confidence in the real estate sector. ⢠Strategic Impact: The collaboration focuses on urban modernization and community-focused living, addressing the high demand for residential and commercial integration in the Rajagiriya suburb. _Summary based on official partnership data._