Urban Development

RMV Land at Narahenpita

Narahenpita

LOCATION

1 Acres

Land Extent

USD 100 Mn

Minimum Investment

Project Overview

Located in a highly urban area facing the Elvitigala Mawatha, the property is proposed to develop as a High-rise City Centre Residential Development project with the intention to drive economic activities.

The estimated investment value is USD 100  Mn and the project is to commence in 2022

  • Further attributes of this property would include;

    • The main access to the site is from Broom Feild Mawatha, N’Eliya It has close proximity to panoramic view cultural landmarks, financial centers, and major transportation facilities.  
    • Availability of water, electricity, sewer and wastewater lines, etc.

Project/ownership structure

99 Years Lease Basis /PPP/JV

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)