Kolaboro / Projects / Sri Lanka
Krrish Square: reviews and facts
What is published about Krrish Square in Transworks Square, Colombo Fort (Colombo 1), Sri Lanka, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Developer
- Krrish Transworks Colombo themorning.lk
- Location
- Transworks Square, Colombo Fort (Colombo 1), Sri Lanka
- Stage
- under construction · stalled themorning.lk
- Handover on record
- not found in the sources we read
- Permit or licence number
- not published
- Deposit protection
- not researched yet
- Page we read
- themorning.lk themorning.lk
- Last checked
- 5 Nov 2026
- Open data record
- LKA-003
In short
- Krrish Square is listed as under construction in Transworks Square, Colombo Fort (Colombo 1), Sri Lanka, by Krrish Transworks Colombo. themorning.lk
- No handover date is published in the sources we read. themorning.lk
- No permit or licence number is published in the sources we read. ft.lk
- Of 10 developer claims we checked, 6 are confirmed by a register or an independent source, 2 are not yet verified and 2 are contradicted by another source. Open data record
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Unit types: branded residences, hotel, office, retail themorning.lk
- Ownership: Sub-lease of a 99-year UDA leasehold themorning.lk
- Brand or operator: Ritz and JW branded components proposed in liquidator summary themorning.lk
- Permit authority: Urban Development Authority (UDA) themorning.lk
- liquidator's investor summary (Jan 2026): three towers of 84, 74 and 94 floors, 5.23m sq ft, USD 665m construction budget, about USD 85m of work done ft.lk
- 99-year UDA lease signed 2012 for Rs. 5bn (press) ft.lk
- no live sales; developer company wound up by the Commercial High Court around Aug 2024 ft.lk
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- No dated promise found in the sources we read.
Permits and licences
- No permit or licence number is published in the sources we read.
- No approval numbers published; CIABOC told court state agencies processed approvals unusually quickly ft.lk
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | no | not published | No approval numbers published; CIABOC told court state agencies processed approvals unusually quickly ft.lk |
| Deposit protection | no | not published | None; UDA sources say liabilities are owed to individuals who bought apartments ft.lk |
| Construction progress | no | confirmed by an independent source | Independent press: work stalled, developer in liquidation; liquidator values work done at about USD 85m against a USD 665m budget ft.lk |
| Floor or site plans | no | not published | None published ft.lk |
| Developer track record | no | not published | No delivered projects in Sri Lanka found ft.lk |
| No guaranteed returns | yes | not published | No guaranteed-return marketing found in current sources ft.lk |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| 99-year UDA lease signed in 2012 for Rs. 5bn | verified | independent | themorning.lk |
| Developer company wound up by the Commercial High Court (around Aug 2024) | verified | independent | themorning.lk |
| Liquidator invited offers for the leasehold and improvements by 28 Feb 2026 | verified | independent | ft.lk |
| Work completed worth about USD 85m of a USD 665m construction budget | verified | independent | ft.lk |
| Project to be revived as a public-private partnership after valuations (housing ministry, Jan 2026) | not verified yet | srilankachronicle.com | |
| UDA will not take back the land and has no restart timeline (Jul 2026) | verified | independent | lankaleader.lk |
| Illicit funds used in the project (India via mutual legal assistance, per CIABOC in court) | verified | independent | ft.lk |
| Apartment buyers' payments protected | contradicted | independent | themorning.lk |
| Project planned with Ritz and JW branded hotels and residences | not verified yet | ft.lk | |
| Developer company registered and active | contradicted | independent | themorning.lk |
What changed, with dates
- No dated change recorded yet.
- Fingerprint of the developer page text on 5 Nov 2026: SHA-256
3fd785338f405c45.... Anyone can check it on kolaboro.com/verify. kolaboro.com/verify
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
- Head office: Colombo, Sri Lanka themorning.lk
- Legal entity: Krrish Transworks Colombo Ltd (in liquidation); liquidator's notice refers to The One Transworks Square Ltd themorning.lk
- Projects delivered: 0 themorning.lk
- No delivered projects in Sri Lanka found themorning.lk
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Market context: Sri Lanka
- We track 10 projects in Sri Lanka. 0% publish a permit or licence number and 0% state deposit protection. kolaboro.com/m
Buyer reviews
There are no verified buyer reviews of Krrish Square yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is Krrish Square legit?
Kolaboro does not label projects or developers. What the public record shows: No permit or licence number is published in the sources we read. Of 10 developer claims we checked, 6 are confirmed by a register or an independent source, 2 are not yet verified and 2 are contradicted by another source. No handover date is published in the sources we read. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will Krrish Square be delivered?
No handover date is published in the sources we read.
Who is the developer of Krrish Square?
Krrish Transworks Colombo, according to the sources listed on this page.
Does Krrish Square have a permit or licence?
No permit or licence number is published in the sources we read.
Are there reviews of Krrish Square?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- themorning.lk https://www.themorning.lk/articles/LpV5kcXAglwqSuH1qVRc
- ft.lk https://www.ft.lk/front-page/Liquidator-seeks-buyer-for-Krrish-Building-mixed-use-project/...
- lankaleader.lk https://lankaleader.lk/biz/21202-court-battles-cloud-future-of-colombo-s-landmark-krrish-d...
- lankanewsweb.net https://lankanewsweb.net/archives/166963/liquidator-seeks-investors-for-stalled-krrish-col...
- srilankachronicle.com https://srilankachronicle.com/sri-lanka-set-to-revitalize-stalled-krrish-tower-project/
- ft.lk https://www.ft.lk/front-page/Govt--to-revive-stalled-mega-developments-in-Colombo-in-Q1/44...
- ft.lk https://www.ft.lk/news/India-tells-SL-illicit-funds-used-in-Krrish-project/56-797936
- sundaytimes.lk https://www.sundaytimes.lk/160724/business-times/legal-tangle-affects-krrish-square-projec...
- themorning.lk https://www.themorning.lk/articles/ieyFkIZ0K4k7v6ZaA4L4
Last checked 5 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.