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FINANCIAL CHRONICLE™ » INVESTMENT OPPORTUNITIES

RMV Land At Narahenpita

Published the Mon Jul 05, 2021 1:40 pm

    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

    • PseudoUrban Development Auth.
    • Vendor typeProfessional