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We bring properties in Sri Lanka to where ever you are!

 

 

If you are looking for a property in Sri Lanka for Lease or to buy we have a wide range of Properties to select from in many areas to suit your budget & requirements, you could visit our website www.realitylanka.com for photos & details of over 1000 properties such as houses, bare lands, factories, estates, hotels & guest houses. etc.etc.

 

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Video introduction

 

 

 

 

(All below mentioned prices are negotiable)

FOR SALE

FOR LEASE

       

 

COLOMB O-03

Apartment (apts-col07-1904)

No of bed rooms: 03

Total floor: 1700 sq.ft

A luxury & spacious apt situated on the eleventh floor of the Capitol residencies luxury apt complex at Dharmapla mawatha.

Price: Rs.45,000,000/-

(negotiable)

Details

 

NAWALA

Building (offlnaw-1905)

No of pchs: 9.5

No of floors:02

Total floor area: 3600 sq.ft

A newly refurbished building situated close to the Koswatte junction (down Koswatte road)

Rent: Rs.250,000/-pm

Details

       

THALAATHUGODA

House (hpstha-1907)

No of pchs: 10.5

No of bed rooms: 04

Total floor area: 3200 sq.ft

A brand new luxury house situated at Kalalgoda road (about 50 meters from the Panipitiya road & close to the Thalawathugoda junction)

Price: Rs.24,000,000/-

(negotiable)

Details

COLOMBO-03

Office space(offlcol03-1909)

Total floor area: 2750 sq.ft

Ground floor of a three storied building facing St. Michaels road (opp. the US embassy from the Galle road)  & bordering Hudson road & situated close to the Liberty Plaza shopping mall.

Rent: Rs.175,000/-pm

Details

       

COLOMBO-05

Building (bldgs-col05-1906)

No of pchs: 20

No of floors: 02

Total floor area: 8500 sq.ft

A completely newly refurbished spacious building situated down Robert Gunawardena mawatha (situated close to the Kirulapone junction & the Baseline road color lights)

Price: Rs.85,000,000/-

(negotiable)

Details

RATMALANA

Upper floor apt (aptl-rat-1901)

No of bed rooms: 04

Total floor area: 3000 sq.ft

A spacious & luxury apt (fully furnished) with a spacious roof top terrace area situated down 1 st Lane (close to the Galle road).

Rent: Rs.115,000/- pm

Details 

       

RAJAGIRIYA

Apartment (apts-raj-1908)

No of bed rooms: 03

Total floor area: 1570 sq.ft

A spacious & luxury apt on the 3 rd floor of Fairmount residencies at Buthgamuwa road.

Price: Rs.31,000,000/-

(negotiable)

Details

 

MOUNT LAVINIA

House (hplmtl-1892)

No of pchs: 20

No of bed rooms: 04

Total floor area: 2850

A luxury & spacious house with a large landscaped garden area situated down Gangadara mawatha-off Templars road.

Rent: Rs.90,000/- pm

(fully furnished)

Details

       

WELIGAMA

Land with a house

(blswel-1910A)

No of pchs: 20

A prime beach land situated close to the beach with a natural pool surrounded by the rock at Midigama.

Price: Rs.20,000,000/-

(negotiable)

Details

COLOMBO-14

Building (offl-col14-1865d)

No of floors: 05

5 floors incld. basement available of a building situated facing Grand pass road.
Basement- 2800 sq.ft
Ground Floor- 2050 sq.ft
1st,2nd, 3rd - 2380 sq. ft

Rent: Rs.100,000/- pm

per floor

Details

       

WELIGAMA

Old colonial type bungalow

(hpswel-1910B)

No of pchs: 43.5

No of bed rooms: 04

Total floor area: 2500 sq.ft

A spacious single storied  & well maintained colonial type bungalow situated close to the beach at Pelena.

Price: Rs.30,000,000/-

(negotiable)

Details

NEGOMBO

House (hplneg-1889)

No of pchs: 50

No of bed rooms: 05

Total floor area: 4000

A brand new luxury & spacious house (fully furnished) with a large landscaped garden area half Km from the Colombo-Chilaw highway close to the Galknda junction.

Rent: Rs.95,000/-pm

Details 

       

WELIGAMA

Beach land (bls-wel-1911)

No of pchs: Aprox 20

A prime beach land situated adjoining Bay Beach hotel in a location suitable for Dolphin ,Shark watching & Scuba diving.

Price: Rs.1,000,000/-per pch

Details

 

COLOMBO09

Apartment (aptlcol09-1865A)

No of bed rooms: 06

Total floor area: 2500 sq.ft

A luxury six bed roomed apt on the 11 th flor of Ascon residencies-Baseline road.

Rent: Rs.150,000/-

(fully furnished)

Details

       

COLOMBO-08

Bare Land (bls-col08-1912)

No of pchs: 45.5

A bare land situated in one of the most prime locations in Colombo (bordering Colombo-07) down Kinsey road.

Price: Rs.4,500,000/- per pch

(negotiable)

Details

NUWARA ELIYA

Holiday bungalow

(ghnuw-1865b)

No of acres: 40

No of rooms :06

A holiday bungalow with a swimming pool, children's play area, walking treks situated at Ginigathhena.

Rs. 36,000/- per day

Up to to 20 pax)

Details

       

JAFFNA

House (hpsjaf-1913)

No of pchs: just over 40

No of bed rooms: 05

Total floor area: 2500 sq.ft

A single storied spacious house with a large garden (with provisions to build another house behind) at Kachcheri East Lane-Chundukkuli.

Price: (negotiable)

Details

COLOMBO_10

House (hplcol10-1775)

No of pchs: 10.09

No of bed rooms: 04

Total floor area: 2700 sq.ft

A luxury & spacious house (fully furnished) situated down Ananda Rajakaruna mawatah-close to the Punchi Borella junction in a centralized & well secured convenient location.

Rent:Rs.275,000/-

(Long term)

Details

       

MOUNT LAVINIA

House (hps-mtl-1914)

No of pchs: 08

No of bed rooms: 06

Total floor area: 2400 sq.ft

A spacious two unit house situated down Pinthaliya road (150 meters from the Galle road)

Price: Rs.25,000,000/-

(negotiable)

Details

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REAL ESTATE NEWS

Suncity Adds Modern Apartment Complex to Battaramulla Skyline

 

A pioneer in construction and real-estate, Suncity Property Developers (Pvt) Ltd unveiled plans on the latest addition to their extensive portfolio of apartment complexes, and introduced a new building at Battaramulla. Located on Bodhiya Road, a mere 300 meters from the Battaramulla main road, the building will house 20 apartments over four floors, with modern facilities and conveniences including a 24-hour security service, a gymnasium, swimming pool etc. Each apartment will also be equipped with the trademark amenities including air conditioning, hot water and porcelain tiling. The apartment complex which is scheduled for completion by July 2013 is currently open for buyers who are interested in affordability, convenience and a great lifestyle. “As a company, we have ensured that we provide the very best modern services to our clients while keeping the costs low. Our objective has always been affordability and convenience for buyers. Affordability for young couples and convenience that will enable them to live life to the fullest,” said Mr. Pinsiri Fernando, Managing Director of Suncity.

Designed by architectural firm - Bandusena Associates, construction of the building is currently underway – with the first floor scheduled to be completed by the end of November.  The company expects to have a show apartment made available to the public by mid December.

 

“In the last few years, more and more young couples have been extremely keen on living within the security and comfort of an apartment complex instead of a conventional house. With our last project in Moratuwa – the Melbourne Towers Phase I and II, we saw the potential for apartment living outside the Colombo city limits. We’re planning on continuing this trend and have several additional projects in the suburbs of Wattala, Maharagama and Panadura in the next few years,” Fernando further stated. The company’s last project, Melbourne Towers Phase II consisting of 62 units was completed in Moratuwa and sold out earlier this year. Their other notable buildings include McCarthy Towers, Rosmead Towers, Horton Towers, Horton Regency, and the Suncity Twin Towers. With over three decades of experience in the construction and building industry, the Suncity Property Developers is a part of the Suncity Group of Companies.

 

 

Krrish has paid only 10 % of lease for prime Fort property, admits Govt.

By Chandani Kirinde

 

The Government on Friday conceded that M/s Krrish Group India has only made an initial deposit of Rs. 499.5 million or 10 per cent of the total lease premium for the Transworks House property in Colombo Fort. Nimal Siripala de Silva, Leader of the House in response to a question raised by Opposition Leader Ranil Wickremesinghe said as a follow up action after making the initial deposit, the Urban Development Authority (UDA) has taken steps to vest the Heritage building site to seek the final approval to sign the lease agreement.

he move came as the Krrish Group which was already operating an office from the World Trade Centre in Colombo started canvassing for clients offering apartments for Rs. 90 million on what they called “directors’ discounts.” It wanted deposits made to make the reservations.

 

In a statement in Parliament on Tuesday Mr. Wickremesinghe said the investor Krrish Group had agreed to pay 20% of the lease premium of Rs. 5 billion in accordance with the Cabinet decision, i.e. Rs 1 billion within seven days of setting up the Sri Lankan Company.He questioned whether the 80% (i.e. Rs. 4 billion) balance payment would be remitted as per the agreement. He said the company was bound to make this payment on signing the agreement.He also noted that the proposed project would cost US$ 450 to $ 500 million in addition to the lease rental of Rs. 5 billion.He asked how Krrish Group was selected and what the criteria were for awarding the project. He further noted that there were public complaints that prime property in Colombo was given on 99 year leases without advertising through the media.

 

In his response Minister Nimal Siripala de Silva said “The Transworks House Property at Colombo Fort remained undeveloped for many years due to encumbrances and vulnerability to security threats that prevailed over the years. The efforts made by the UDA to develop the property jointly with the Central Bank of Sri Lanka in the recent past did not materialize.

A part of the site where the former Public Works Department building is located has to be preserved to secure its archaeological value. The portion of the land occupied by the power substation cannot become part of the development. These two portions of land are not vested with the UDA yet. Therefore the UDA was compelled to look for an investor who could make a proposal to develop the entire land parcel with a prior understanding about such limitations. In this backdrop, the UDA entertained an unsolicited proposal received as a response to the UDA web advertisement as the land was not yet available for tenders to be called through the media.M/s Krrish Group India expressed its willingness to undertake the project in the entire land excluding the power substation site and incorporated a local company called Krrish Transworks Colombo Ltd., to undertake the project. Initially the UDA entered into a Memorandum of Understanding with the Krrish Group to formulate the project. Cabinet approval referred in the question was obtained to enter into a Lease agreement subject to fulfillment of certain conditions with necessary statutory approvals.

 

The Company has initially deposited a sum of Rs. 499.5 million being 10% of the total lease premium as a commitment fee on 14/9/2012. As a follow up action, UDA has taken steps to vest the Heritage building site in order to seek the final approval to sign the lease agreement.Since the lease agreement has not been signed yet, the balance lease consideration has not been recovered by the UDA.The process of inviting proposals has been explained in the Cabinet Paper. The UDA’s intention was to give an opportunity to all local and international investors to make their proposals to the said property.The offer made by the Krrish Group for the above property was evaluated by the UDA. In addition to that the BOI has also recognized this project as a strategic development project.The development proposal submitted for the site is for a mixed development project. The mixed development contains shopping arcades, retails shops, office space, hotels as well as apartments. Zoning for Colombo Fort as per UDA Development plan permits all the above uses.

The Krrish Group has diversified business which includes distilleries and real estate developments.�Searches carried out through KPMG Sri Lanka (Chartered Accountants M/s Klynveld Peat Marwick Goerdeler), revealed that the Krrish Group is involved with various real estate projects in North India under various entities within the group, including JBPL Realty Nirman.”

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Colombo Land goes retail, F&B savvy for Liberty Arcade

Colombo Land and Development Company Plc has decided to make the proposed Liberty Arcade the “in” thing for brand new shopping and premium food and beverage outlets in the country.

The Liberty Arcade, an extension to the popular mall Liberty Plaza, will combine innovative and exciting retail and F&B opportunities across four floors. The CLD said the Company successfully completed the purchase of the land on the duplication road adjacent to Liberty Plaza southern Car Park at a cost of Rs. 221 million.“Considering the urgent need for additional retail space to support the ongoing Liberty Plaza expansion program, the Board has concluded to make use of the existing structure in the newly acquired property."

A spokesman said the Board concluded that since the entity is primarily involved in the development of marketable retail space, the initial plan of constructing a city hotel would take place subsequently. Previously, CLD was planning to construct a 180 room city hotel for completion by 2014.

 

Having noted the increase in demand for high-end retail/F&B space in Colombo, the interim plan is to develop the Liberty Arcade for a period of three to four years.The development will target niche brands of high quality and international recognition.Clothing, footwear, F&B and jewellery will be some of the key areas of focus, having researched the demand for these specific sectors.Thereafter, the long term plan is to pursue the initial plan of developing the city hotel, with the option of integrating the existing Liberty Arcade tenants into the subsequent hotel development.Renovations have commenced and the Liberty Arcade is scheduled to launch in time for Sinhala/Tamil New Year 2013.A consortium of Singapore investors own 29% stake in Colombo Land and Urban Development holds 17.4% stake whilst Kalpitiya Beach Resort holds 20.2% stake. “With a high footfall, the Liberty Arcade, promises a brand new shopping experience that combines big name retail brands and premium F&B outlets, tempting shoppers with a fully air-conditioned environment replete with all amenities such as washrooms, elevators, disabled access and high-tech building management,emergency and fire prevention systems complemented by a safe and secure environment,” a spokesman for CDL said.

 

The front and side facades of the Liberty Arcade structure will showcase some of Colombo’s most premium advertising spaces that include a 10×6 Digital Video Wall and 6 (3.47m x 9m(1)/3.46m x 5.12m(2)/3.47m x 6.86m(3)) light boxes sure to attract the avid attention of not only those travelling on foot, but also appealing to the attention of motorists and commuters, along one of Colombo’s most busiest roads. The Liberty Arcade will constitute 30,000 sqft of prime retail space, facing the bustling Duplication Road, while an additional 70,000 sqft will be added to the adjacent complex, Liberty Plaza, under the same development, thereby adding approximately 100,000 sqft of commercial space to the city of Colombo.

The Liberty Arcade is a purpose built consumer experience that brings together buyers and sellers of premium products and services under one modern retail environment.

 

Each floor of the Liberty Arcade will comprise of two generous retail spaces along with a concept F&B venue, washrooms and all public amenities.

The first floor will feature al fresco dining with a fusion touch whilst the third floor will offer retail spaces for a pharmacy and bookshop. The fourth floor rooftop will play host to an elegant gathering of professionals who choose this exclusive restaurant/bar for casual and business all day and evening dining, a post work drink or to start off a great night on the town.

It boasts a strategic location at the main junction where the Galle Road meets Duplication Road and will feature ample parking and easy access via Liberty Plaza International, ‘big name’ brands, a state-of-the-art-building, and novel and refreshing product/service advertising spaces.

 

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