NEWS

Mr.Indika Jayathilake’s profile

Vlr.W.A.T.I.P. Jayathilake (FRICS)

Chartered Valuation Surveyor

Chairman/Managing Director, IJVR Associates (Pvt) Ltd, Sri Lanka

B.Sc.(EMV). Hons (USJ SL)

M.S.SC.(Economics) (Kel SL)

Chairman’s Role

Decision making, implementing board decisions, act as a board head and chief executive of the organization, provide intrinsic leadership to the organization, play a key role in determining the values and ethical positions of the company.

Professional Memberships

• Fellow Member – Royal Institution of Chartered Surveyors United Kingdom (RICS)

• Professional Associate member – Institute of Valuers of Sri Lanka

• Fellow Member – Institute of Chartered Professional Managers Sri Lanka

• Fellow Member – Property Consultants Society United Kingdom

• Cooperate Member – Institute of Revenue Rating and Valuation United Kingdom

• Life Member – Sri Lanka Economic Association.

• Ordinary Member – Sri Lanka

• Institute of Directors.

Experience

He started his valuation carrier at the Government Valuation Department, Gampaha regional office as Valuation inspector and engaged with land acquisitions, assets valuations and rating valuations.

He also engaged with in year 2004 Ceylon transport board, Lakpohora and sathosa privatization procedures and valuation work related to that process. He got his associate membership of the Institute of valuers while working at the department.

In the year 2004, he left the Government Valuation Department and joined with the private sector property developer company named “Ceyfco’’ property company (pvt) ltd and started his real estate carrier as “Real Estate Manager”.

He was entrusted to handle real estate projects and housing projects as well In 2005, he was taken initiatives to start property valuation division under Ceyfco property company as per the consent of the management in order to carry out all property valuations of the Ceylinco group, with other senior valuer. He was the key person of the division and able to do all property valuations of the group.

Meanwhile he was handed over the additional responsibilities of overlooking luxury housing scheme at Baththaramulla lake road as the General Manager had suddenly left the project.

Then he was able to complete the first phase of the housing construction 

with all difficulties within a budgeted cost and given time frame as well.

Then in the year 2014, he started his professional valuation practice more effectively under his own valuation firm named IJVR Associates (Pvt) Ltd after leaving his real estate career in Ceylinco group. Initially he pursues his profession at his home office but after years he moved on to well-designed office premises located at Kaduwela town center just after getting his international recognition of MRICS (Member of Royal Institution of Chartered Surveyors –United Kingdom) establishing highly motivated professional team to cater professional valuation service to his clients.

At that time, he was empaneled in most of Sri Lankan commercial banks and Financial institutions as panel valuer such as - Seylan Bank -2006, Commercial Bank – 2016, NDB Bank - 2018, NSB Bank -2016, Sampath Bank – 2018, Bank of Ceylon – 2007, People’s Bank – 2018, RDB Bank – 2015, SDB Bank 2005, Amana Bank –2013, Pan Asia Bank – 2018, MBSL – 2018, EDCS - 2012, HNB Finance – 2016,

Siyapatha Finance – 2018 and Peoples Leasing – 2018 Apart from Sampath Bank, BOC and People’s Bank all above banks have been assigned him as their National panel valuer to pursue island wide valuations without constraints.

He led his team to do all disciplines of the valuation practice from mortgage valuations to valuation for financial reporting purpose, timber valuations, visa purpose valuations, machinery valuations, valuation for selling purpose etc. He was undertaken and completed assets valuation of prominent business organizations like Diana Chocolates, Manik tea, Millennium teas, Litro gas terminals Lanka (pvt) ltd and other business entities within recent past.

In the year 2019, he has extended his valuation service towards overseas country and start valuation practice at the Republic of Maldives. So far his firm has been engaged with large scale Assets valuations (for financial reporting purpose) at the prominent hotel resorts there.

Our company profile

IJVR Associates (Pvt) Ltd. one of leading valuation and real estate companies in Sri Lanka was founded by Vlr.W.A.T.I.P Jayathilake in 2016.

Mr.W.A.T.I.P Jayathilake began this company in 2016 as a Valuation & Real Estate Professional Consultancy service company. After more than a decade of individual practice, he succeeded in gradually developing the Valuation & Real Estate consultancy service into a well-established valuation firm.

With approximately twenty employees, including well qualified valuation professionals we have moved to our new office premises .508/2/4,  Avissawella Road, Kaduwela, Sri Lanka.