An Echelon Media Company
Monday June 3rd, 2024
Construction and Real Estate

Sri Lanka releases land held by military in North

Lands held by the Jaffna Security Force Headquarters in Jaffna were released to people

March 23, 2024 4 min read

Sri Lanka UDA to lease land to Ninewells, Access International for health venture

Urban Development Authority to lease land in Narahenpita to Ninewells Hospital and Access International

March 12, 2024 1 min read

Sri Lanka Railways squatters to be leased land, charged tax

Land and property occupied by squatters for over 10 years to be assessed, lease agreement to be signed

March 11, 2024 1 min read

Sri Lanka to seek BOT investor for Galle leisure port

Mixed development projects would be set up on the filled land.

March 5, 2024 1 min read
Sri Lanka president asks new owners not to mortgage, sell houses

Tells Kajimawatte residents given new flats, 'this house will become your most valuable property

Sri Lanka's Access to complete substructure of halted airport terminal

The work will also address the issue of deterioration of steel reinforcements

Sri Lanka mulls exporting Hambantota port rocks

Feasibility of exporting up to a million tonnes of granite to be assessed

Apsara Rodrigo
January 30, 2024 1 min read

Sri Lanka to resume work on 600 roads from Feb

Until the debt restructuring process is completed road constructions were halted

Apsara Rodrigo
January 19, 2024 1 min read

Sri Lanka UDA properties draw interest from China, Japan, Korea investors

Could draw investments five times the value of Rs21bn

Nethmi Rajawasam
January 12, 2024 3 min read

Sri Lanka UDA to finalise investment for 22 development projects

Another 5 projects are in clearance.

Nethmi Rajawasam
January 11, 2024 2 min read

Realtors shy away from affordable housing: Industry analysts

Most realtors interested in building houses for the middle income and higher income group because profit margin is high

Apsara Rodrigo
December 15, 2023 2 min read

India to construct 10,000 houses in Sri Lanka plantation areas

The overall commitment of the Indian government under the project is 60,000 houses.

November 29, 2023 1 min read

Sri Lanka cement maker sees recovery begin amid rupee stability

The downward yet stable movement of foreign exchange rates, conveyed a much-needed stability for businesses

November 10, 2023 3 min read

UDA mulls transfer of Sri Lanka Bogambara Prison to Dalanda Maligawa

Hand over Kandy Bogambara prison building to Dalanda Maligawa or use it for another investment project, minister says

November 9, 2023 1 min read

Sri Lanka housing authority losses near Rs20bn, Rs5bn in 5-years

The cumulative loss of the NHDA is close to 20 billion rupees, with a loss of 5 billion rupees made in last five years

October 28, 2023 1 min read

Sri Lanka flexible for investor to start Grand Hyatt operations – Minister

No investor has come forward for Grand Hyatt, a hotel constructed with public money under ex-leader Mahinda Rajapaksa

October 27, 2023 2 min read
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Sri Lanka UDA to build housing in Colombo with Chinese help, digitize land inventory

UDA possesses land suitable for both domestic and foreign investments, providing opportunities for interested parties

October 27, 2023 2 min read

Researchers cast doubt on Beira Lake neutralisation project

Researchers raise concerns about the Beira Lake clean-up project

Nethmi Rajawasam
September 16, 2023 3 min read
1

Sri Lanka's UDA to transfer land with housing units to Colombo University

Cabinet approved a proposal by the UDA to transfer land with housing complex to the University of Colombo

September 12, 2023 1 min read

Sri Lanka's Colombo district land values up 15-pct

Some slowdown seen in first half

August 23, 2023 1 min read

Sri Lanka's Hunas Falls to invest US$12mn to refurbish hotel

Company also has operations in renewable energy and tea

August 20, 2023 1 min read

Sri Lanka construction industry down, but helped by deflating material prices: PMI

The respondents mentioned that sizable projects are hardly available

July 31, 2023 1 min read

Sri Lanka Construction Guarantee Fund pressured by spending squeeze: Fitch

The firm is on rating watch negative

July 30, 2023 5 min read

Sri Lanka in discussion with Indian, Pakistan firms for cheaper cement - Housing Minister 

Ranatunga believes price of 50 kg cement pack could be brought down by 400-500 rupees.

June 23, 2023 2 min read
2

Sri Lanka's Lanka Special Steels boosts GI capacity

Factory can run at different levels of capacity

Melkishiya Andrew
June 14, 2023 2 min read

Sri Lanka to move President, PM offices, heritage buildings for tourism: report

The buildings will then be leased to investors for tourism for 30-years

June 11, 2023 2 min read