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Land prices surrounding LRT up 129-pct: Minister

Land prices in and around Malabe have increased up to 129 percent following the announcement and launch of Sri Lanka’s light rail project, a senior minister said.

“Since the project was announced, land prices in Malabe and surrounding areas have increased by 129 percent,” Champika Ranawaka, minister Megapolis and Western Development said at the launch of the LRT project in Colombo, yesterday.
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Sri Lanka’s real estate and construction industries continue stoically, post Easter Attack

(PRESS RELEASE) – Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after Services, Manufacturing, Agriculture and Utilities continues unhindered. The sector reports continued interest from local and international buyers who believe “Sri Lanka will bounce back”, from the recent Easter Sunday attacks that took place on April 21 2019.

Head of Sales and Marketing, Elysian Realty (Pvt) Ltd, Mr. Buddhika Jayasinghe, commenting on the current state of real estate in Sri Lanka, noted, “Sri Lanka is a nation of diversity, it is a nation of tolerance and learning, it is a nation that has overcome adversity starting from its independence in 1948. We are a land like none other, that has been gifted with so many natural resources, free education, free healthcare, the opportunity to grow and learn in a truly diverse atmosphere, and we are all proud to be Sri Lankan. It is with this understanding and maturity that we as a nation will continue to rebuild, show compassion and kindness and continue to make our nation great. Speaking on behalf of Elysian Realty, I strongly confirm that we will continue to trust in our partners and stakeholders, regardless of race, religion or class. We will continue forward, as a vigilant nation putting safety above all else, striving for continued growth for our nation as a whole.”
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