Project land for sale SRI LANKA
Project Name :
SLEC Center Land at D R Wijewardhana Mawatha, Colombo Fort
Proposed Project Description :
The subject land is located in the core of the Central Business District (CBD) and has close proximity to the Colombo Commercial Port. This site which is identified under the Beira Lake Intervention Area Development Plan, will facilitate new visual linkages with boulevard roads as well as more space to walk and ride bicycles and the green promenade will be extended around the lake to facilitate the public easy access to the lake. Subject land bounded by the Beira Lake and a high-rise mixed development project is proposed by the Urban Development Authority to promote and enhance the tourism related activities around this area.
Expected investment :
Expected method of partnership :
Employment generation :
1000-2000 employment opportunities
Market potential :
Extensive development opportunities in the area as for the high demand for tourist –based activities around the Beira Lake. Close proximity to the Port of Colombo, therefore high potential for port related activities.
Payback period :
Based on the Investment Proposal
Period to commence commercial operation :
Current status of the project :
Land Vesting – Completed. Pre-Feasibility – Completed. Approval of the Cabinet of Ministers – Obtained. Valuation Report- Obtained. Preliminary Planning Clearance – Requested. Preparation of RFP Document - In Progress.
Common infrastructure and utility availability :
The main access is from D.R. Wijewardhana Mawatha and it has close proximity to the port, educational facilities, cultural landmarks, financial centers, and major transportation facilities and walking distance to Colombo Fort & Railway Station. Availability of water, electricity, sewer and wastewater lines, etc.
Geographical Location :
Land Extend :
01A 03R 17.52P 0.7525Ha 7,525m2
Estimated Land value :
USD 40 Mn (Approx.)
Land Agreement/ownership :
Urban Development Authority
Benefits to the Investor :
Government Tax Concessions. Speedy approval process with assistance of the UDA. Readily available basic infrastructure to the site. Government assured land tenure security. Property located in the prime location of Colombo City. Water- front and scenic beauty of Beira Lake.
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