Urban Development

Nuwara Eliya Race-Course Land

Nuwara Eliya


85 Acres

Land Extent

USD 40 Mn

Minimum Investment

Project Overview

The Race Course Development Project has been identified as a key development project, under the Nuwara Eliya Development Plan. Situated within city limits of the Nuwara Eliya town, its the centre of all town activities and conveniences. 

The estimated investment value is USD 40  Mn.

The project is expected to commence in 2022.

  • Further attributes of this property would include;

    • The property is located close proximity to educational facilities, cultural landmarks, financial centers, and major transportation facilities.  
    • Availability of water, electricity, sewer and wastewater lines, etc

Project/ownership structure

Project/Ownership Structure: 30 Year Lease/  JV*/ PPP**

* Joint Venture 

** Private-Public Partnership

Project incentives:

Government Tax Concessions
Speedy approval process with the assistance of the UDA
Readily available basic infrastructure to the site
Government assured land tenure security

Geographical Location: Centrally located within Colombo and with easy access to all essential amenities.