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FINANCIAL CHRONICLE™ » INVESTMENT OPPORTUNITIES
Description :
View Exhibitor Profile
Project Name :
RMV Land at Narahenpita
Proposed Project Description :
The RMV land is situated in the highly urban area fronting to the Elvitigala Mawatha which is proposed to develop as High-rise City Centre Residential Development with the intend to create more economic activities in to the country.
Expected investment :
Residential Development
Expected method of partnership :
Lease Basis/PPP/JV
Employment generation :
More than 1000 employment opportunities
Market potential :
Extensive development opportunities in the area with expected future development prospects of the area. Gain on opportunities with expected future development prospects of the area attracting a large number of international and local tourists.
Payback period :
Based on the Investment Proposal
Period to commence commercial operation :
2023/2024
Current status of the project :
Preparation of documents for approval - In Progress
Common infrastructure and utility availability :
The main access to the site is from Broom Field Mawatha, Nuwara 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.
Geographical Location :
Broom Field Mawatha, Nuwara Eliya
Land Extend :
01A 03R 5P; 0.7210 Ha; 7,210 sq. meters
Estimated Land value :
USD 100 Mn (Approx.)
Land Agreement/ownership :
Urban Development Authority
Benefits to the Investor :
Government Tax Concessions. Speedy approval process with assistance of the UDA. Readily available basic infrastructure to the site. Government assured land tenure security. Property located in the prime location of Colombo City
Contact details :
(Name, Designation, Institute, Telephone, Email, Website)
Mr. M.M. Anura Prasanna
Director (Real Estate Development), Urban Development Authority
+94112875921
realestatedivisionuda@gmail.com
Vendor details
Urban Development Auth.
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