- Land given on 99-year lease basis
- Project will include supermarket, mall, and 80 apartments
Cabinet approval has been given to vest over one acre of land in Kottawa on a 99-year lease basis with Richard Pieris Distributors Ltd. for a mixed development project.
On a proposal by Minister of Megapolis and Western Development Champika Ranawaka, Cabinet agreed to vest the land bordering the High Level Road, Kottawa with Richard Pieris Distributors Ltd., at No. 310, High Level Road, Navinna, Maharagama.
The mixed development project, which will consist of a super market, luxury shopping malls, recreational activities and residential component with 80 apartments, was approved by the Cabinet.