7 December 2023 12:00 am Views - 532
Nawalapitiya’s allure as an investment destination is set to soar, encapsulating the essence of Sri Lanka’s hill country charm, while carving a path toward holistic development
A plot of land located in Balangoda town center has been identified by the UDA for the Mixed Development under the Balangoda Development Plan
In an era marked by dynamic growth and transformative urban landscapes, the Urban Development Authority (UDA) stands as a beacon of progress, unveiling a myriad of investment opportunities across the island. The Chairman of the Urban Development Authority Nimesh Herath shares insights into the exciting ventures that beckon both local and international investors.
driving growth and transformation. As the custodian of sustainable urban planning in our region, the UDA presents a myriad of investment opportunities that not only promise financial returns but also contribute to the development of vibrant, modern cities.
The Urban Development Authority holds the largest land bank in Sri Lanka and is currently initiating investment promotion for its land portfolio to both local and foreign investments to make Sri Lanka an attractive destination for investments in the region.
The Urban Development Authority identified lands in extent of 620Ha (approximately) for more than 100 Development Projects in the upcoming years island-wide under the categories of, Mixed Development, Residential Tower Development, Hospitality and
Leisure Development, Logistic Hub Development, and Multi-storied Car Park Development, all of which will have a significant impact on Sri Lanka’s real estate sector.
Urban Development Authority presents following 4 projects are readily available for the investment and the UDA is issuing Requests for Proposals (RFP) for the same, Mixed Development Project at Balangoda
Balangoda is the semi administrative town, located 50 km from Ratnapura, the capital city of Sabaragamuwa province bounded by bordered Central and Southern province of Sri Lanka. Balangoda urban area is established to satisfy the requirements of the Pradeshiya Sabas such as Imbulpe, Balangoda and Weligepola.
A plot of land located in Balangoda town center has been identified by the UDA for the Mixed Development under the Balangoda Development Plan.
The said land is situated at the center of Balangoda town and has great potential for the mixed development.
The Mixed Development Project in Balangoda town centre is a major undertaking that is transforming the town into a vibrant and modern hub. This ambitious venture is set to bring together residential, commercial, and recreational spaces, creating a vibrant and sustainable urban environment for
generations to come.
In addition to the physical infrastructure improvements, the Mixed Development Project is also creating new opportunities for economic development in Balangoda.
The Mixed Development Project is a significant investment in the future of Balangoda. It is expected to improve the quality of life for residents and visitors alike, and to make Balangoda a more attractive destination for businesses and investment.
As the project takes shape, it brings with it the promise of a brighter future for Balangoda, where residents can live, work, and thrive in a vibrant and inclusive community. The Mixed Development Project in Balangoda Town Center stands as a beacon of hope, showcasing
the positive impact that thoughtful, community-driven development can have on a town and its people.
Rest House Development Project at Calido Beach, Kalutara
Amidst the rhythmic lull of the waves and the gentle embrace of the sea breeze, plans are underway for an exquisite rest house project that seeks to redefine the art of coastal hospitality. Poised along the pristine shores of Calido Beach within the Kaluthara Urban council limits in Kalutara District.
Amidst the sun-kissed shores and azure waters of Kalutara’s enchanting coastline, plans have been unveiled for an exquisite rest house development set to redefine the paradigms of beachside luxury.
Situated in the heart of the Western Ghats, Kalutara has long been revered for its pristine beauty and cultural heritage. With an increasing influx of tourists seeking an escape from the bustle of urban life, the need for quality accommodation that resonates with the town’s natural allure has become paramount. By offering a seamless blend of traditional charm, coastal allure, and contemporary comfort, the project is poised to redefine the beachside experience, inviting guests to indulge in the rich tapestry of Sri Lanka’s cultural and
natural splendor.
Recognising this demand, the Urban Development Authority is inviting investors to design to blend seamlessly with the surrounding environment while providing modern amenities for a comfortable stay.
Chairman, UDA invites potential investors and developers, both local and international, to participate this transformative project on the long term lease basis within the crown title through the RFP (Request for Proposals).
Nawalapitiya
A Flourishing Haven for Investment and Development Nawalapitiya, nestled in the picturesque Kandy District of Sri Lanka, is poised to become a thriving hub for development initiatives, beckoning investors to explore its untapped potential. Surrounded by lush greenery and embraced by a cool climate, this charming town, situated at an elevation of approximately 589 meters (1,932 feet) above sea level, boasts a rich history shaped by British colonial influence, with coffee production at its heart.
The town’s strategic location, a mere 38 kilometers from Kandy and 112 kilometers from Colombo, has cemented its role as a pivotal transportation hub, seamlessly connecting travelers to various corners of the country. Notably, Nawalapitiya’s proximity to renowned tourist hotspots such as Nuwara Eliya and Kandy positions it as a coveted stop for those exploring Sri Lanka’s central region.
With its rich tapestry of culture and ethnicity, Nawalapitiya fosters a diverse community, predominantly composed of Sinhalese, along with vibrant Tamil and Muslim communities.
This cultural fusion lends a unique character to the town’s social fabric.
Amidst this vibrant backdrop, the Urban Development Authority (UDA) has unveiled an enticing opportunity for investors through the “Nawalapitiya Old Court land” project.
Spanning an area of 0.1528 hectares and located a mere 100 meters away from the bustling Nawalapitiya Bus Stand on Ambagamuwa Road, this prime plot is envisioned as a nucleus for a diverse range of mixed-use development ventures.
The UDA is actively encouraging a spectrum of commercial activities, including the establishment of supermarkets, retail and wholesale shops, showrooms, office buildings, hotels, and rest houses, leveraging the area’s burgeoning commercial landscape.
Keenly attuned to the burgeoning demand and in pursuit of a sustainable development trajectory, the UDA is extending a warm invitation to both local and international investors and developers. This transformative initiative operates on a long-term lease basis, spanning 50 years, within the designated area, and will be administered through a meticulous Request for Proposals (RFP) process.
Nawalapitiya’s allure as an investment destination is set to soar, encapsulating the essence of Sri Lanka’s hill country charm, while carving a path toward holistic development and economic prosperity. Investors are urged to seize this promising opportunity to contribute
to the town’s evolving narrative, poised for sustainable growth and prosperity.
Mixed Development Project at Madola Avissalwella
The parcel of land located in Madola village within the Pradeshiya Sabha limits of Dehiowita in district of Kegalle, has been designated for the Mixed Development project, encompassing residential areas, hotels, private hospitals, and other amenities, in accordance with the
UDA zoning plan.
Avissawella is a rapidly growing city in Sri Lanka. It is located about 30 kilometers from Colombo, the capital city. Avissawella is a major commercial and industrial center for the surrounding region. It is also close to a number of educational institutions and government offices.
The said land is located in a prime location in Avissawella, with easy access to transportation, schools, and other amenities. It will be developed in a sustainable manner to vibrant the Avissawella area.
The proposed mixed development project at Avissawella is a major investment in the future of the city. The project will provide a variety of benefits to the community, including new jobs, increased tax revenue, a variety of housing options, and easy access to goods and services.
The proposed mixed development project at Avissawella represents a visionary approach to urban living, combining residential excellence with commercial vitality in a sustainable and community-centric environment. As the project moves forward, it holds the promise
of transforming Avissawella into a dynamic and thriving community that sets a benchmark for future urban developments in Sri Lanka.
Conclusion
Herath emphasises that these four projects underscore the commitment of the Urban Development Authority (UDA) to foster economic growth, enhance infrastructure, and create vibrant communities. As the UDA embarks on these transformative journeys in Balangoda, Kaluatara, Nawalapitiya, and Avissalwella he
invites potential investors to join hands with them in shaping the future. Under the leadership of Prasanna Ranathunga, Minister of Urban Development & Housing, the UDA is dedicated to pioneering sustainable development and welcomes the collaboration of forward-thinking investors to turn these opportunities into
thriving realities).
Visit UDA Web Site: https://www.uda.gov.lk/investment-potential.html