Are you searching for your own piece of paradise? Look no further than the beautiful island of Sri Lanka. With its stunning landscapes and vibrant culture, Sri Lanka offers a unique opportunity for investors and homeowners alike. In this article, we will dive into the world of land for sale in Sri Lanka, focusing specifically on the vibrant city of Colombo.
The Value of Land in Colombo
Colombo, the bustling capital city of Sri Lanka, is experiencing a surge in real estate investment. The scarcity of land in and around Colombo has made it a valuable asset, driving up its price and demand. With heavy investments in the real estate sector, Colombo has transformed into a hot-spot for luxury properties, including star hotels, mixed developments, and commercial buildings.
Imagine owning a prime piece of land in Colombo 5, facing Layards Road. A 14.26 perch property with two houses presently occupying the space is currently on the market for Rs. 220 million. Alternatively, a 17.2 perches land near St. Peter’s College in Colombo 4 is available for sale at Rs. 9 million per perch. This versatile property can be used for residential or commercial purposes, making it an attractive investment opportunity.
Meeting the Housing Needs of a Growing Population
As the population in Colombo continues to grow, there is an increasing demand for houses and apartments. Property developers such as Prime Lands are consistently updating their database with suitable properties for sale to meet this demand. Whether you are a local professional, student, or traveler looking for temporary accommodation, the rental market in Colombo has got you covered.
Expats also find Colombo an appealing place to settle down, contributing to the rise in demand for rental properties. From luxury multi-story houses with large gardens to apartments and even single rooms, there are options to suit every preference. Many individuals initially choose to rent before investing in the thriving real estate market here.
The Versatility of Bare Land
One of the main benefits of buying land is its versatility. Bare lands for sale in Colombo can be developed for housing projects or used to meet various commercial needs. For instance, a prime bare land spanning 23 perches in Colombo 7, facing a 20 feet access road, is valued at Rs. 16.5 million. Furthermore, a 30-perch property in Nugegoda, available as smaller plots of 12 perches and 8 perches, offers an excellent real estate option for businesses. Its strategic location, within close proximity to main junctions and the High Level Road, ensures maximum visibility and accessibility.
Embrace Tranquility near Colombo
Colombo, like any bustling city, can sometimes feel crowded. However, for those seeking a more serene living environment within close proximity to the city, there are ample options available. A 12.9 perch land in Kalalgoda, overlooking picturesque paddy fields, is for sale at just Rs. 1.5 million per perch. Situated a mere 2 kilometers from the Thalawathugoda junction and facing a 15-20 feet wide access road, this tranquil neighborhood offers the best of both worlds.
Colombo: A Not-to-Be-Missed Investment Opportunity
Colombo’s land prices continue to rise due to the high demand for properties in this bustling city. However, areas outside the city center offer greater opportunities for buyers to find their ideal land plot. A land sale along the Galle Road, for example, is a favorite choice for constructing luxury apartments and mixed developments. With its proximity to renowned schools, business hubs, and other essential facilities, it presents an excellent investment opportunity.
Whether you prefer the vibrant heart of Sri Lanka or the tranquility of natural surroundings, investing in real estate in the Colombo district is a decision you won’t regret. With a range of properties available and a growing market, now is the perfect time to explore the possibilities of land for sale in Sri Lanka.
