Urban Development

Nuwara Eliya Race-Course Land

Nuwara Eliya

LOCATION

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

30 Year Lease basis/ JV/ PPP Model

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

Strategic location

Situated at the core of the CBD the property has extensive development opportunities to cater to high tourist demand-based activities around the Beira Lake and in close proximity to Port City, in addition to the Port.

(Presently occupied by Peoples Bank Training Centre)