Prime Group, the undisputed leader in real estate, has launched the latest in its best of range lands development offerings with Elinor in Koswatte, Battaramulla.
Prime Lands has a variety of properties in different locations around the country at prices that suit individual needs. Elinor is among the first properties to be launched in the first quarter of 2022, in the suburbs of Colombo, with others located in Waragoda, Seeduwa, Kurunegala and Aluthgama.
Battaramulla, situated in the capital city of Sri Jayewardenepura Kotte, is one of the rapidly developing administrative, commercial and residential areas in the Colombo district. It is popular among the country’s elite and is in an area that has seen structured urban development since becoming home to Parliament of Sri Lanka in the 80s. Elinor Baththaramulla has 41 plots of land ranging from six to 10.8 perches.
Prime Lands (Pvt.) Ltd Deputy CEO Ruminda Randeniya described it as being perfect location for residential and investment purposes.
“Today, there are many who prefer residential properties as long-term investments. We have seen a rise in the interest of residential properties over the past one year. Due to this reason, we launched a new category under our portfolio as Signature Lands, defined by the land value, location and neighbourhood. Our properties have the best return on investment. We have made arrangements for the facility of loans with leading banks in Sri Lanka. While we take a 40 percent down payment, the balance can be paid in 18 interest-free instalments, adding further convenience to our customers. Due to the urbanisation of the Battaramulla area, there are limited amounts of land on offer. We believe this is a great opportunity for anyone seeking to reside closer to Colombo.”
Situated in close proximity to supermarkets, banks and other urban facilities, Elinor Battaramulla is just 300 metres away from the Koswatte Junction. It is also within reach of many important government offices.
“Prime Group is the sustainable market leader of the real-estate industry in Sri Lanka,” Randeniya said.
“It is also the first institution in Sri Lanka’s real estate industry to have received the prestigious issuer rating of [A-] Stable from ICRA Lanka, a group company of Moody’s Investors Service for the second consecutive year.”
“Prime Group is soon expected to launch in Weligama, expanding its Signature Lands portfolio, which offers a unique opportunity to invest as a holiday property or a retirement home, offering a lifetime on holiday experiencing the mesmerising views of the Weligama beach,” Randeniya concluded.
