Sri Lanka Real Estate business is flourishing. Real Estate is also a high yielding Investment opportunity.
Real Estate Business in Sri Lanka is primarily privatized.
Sri Lanka Real Estate business is spread across Houses and Bungalows, Apartments, Farms, Factories, Prime Plots, Cultivable land, Commercial Buildings, Hotels and Plantations. Colombo, Kandy Up Country, Negombo, Bentota, Galle and Tangalle are the main cities where Sri Lankan Real Estate Business is concentrated. These cities are are located in Southern and South-Western regions of the Sri Lankan island.
In
Sri Lankan Real Estate the unit of measurement used for measuring area is 'Perch'.
1 perch = 25 sq. m
1 acre = 160 perches = 4000 sq. m.
1 hectare = 2.5 acres
Real Estate in Sri Lanka is expensive. The location-wise price break-ups are as follows:
Real Estate in Colombo
- Prime open land in Colombo sells for LNR 500,000/- per perch
- Commercial land in Colombo is priced at LNR 1.7 million/- per perch
- A 250 sq. m new house in Colombo would cost about LNR 12,500,000/-
- An apartment of 1700 sq. ft would cost approximately LNR 8,500,000/-
Real Estate in Up Country, Kandy
Sri Lanka Real Estate prices in Up Country, Kandy are high. Up Country being, on the hill slopes and surrounded by tea gardens and vegetable farms have an excessively heavy demand. A cool weather with a pollution free environment adds to the worth of this area.
- A vacant plot of 100 perch (2500 sq. m) overlooking Mahaweli River is priced at LNR 15,500,000/-
- A 7 acre vacant commercial plot costs LNR 35,000,000/-.
- A 5 bed room bungalow on 1100 sq. m. would cost approximately LNR 25,000,000/-
Real Estate In Bentota
Real Estate in Sri Lanka in Bentota is comparatively cheaper compared to Colombo and Kandy
- Beach land is sold at LNR 85,000/- per perch
- Beach House on 85 perches costs LNR 12,500,000/-
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