Home Lands invests Rs. 600 m in largest property close to Colombo for housing development

Monday, 1 July 2019 00:00 - - {{hitsCtrl.values.hits}}

35-acre property in Piliyandala – Kahathuduwa is a vast spanning land featuring a tranquil atmosphere
Proposed high ranking project to put up both luxury and semi-luxury homes
Addition of 500 apartments and 270 houses to local inventory predictable

One of the largest properties within the immediate radius from Colombo City Centre has been acquired by Home Lands Holding Ltd., the key associated company of Home Lands Group.

Rs. 600 million worth of property spreading through 35 acres is the best out of the expansive lands up for residential projects in the area.

The company has utilised internal funding as well as finance facilitation from Commercial Bank of Ceylon PLC and Union Bank of Colombo PLC, with regard to their investment in the highly assessed property.

Piliyandala – Kahathuduwa can be identified as an emerging sub-city zone in the Western Province, yet refreshingly infused with pacifying natural elements.

Ongoing and forthcoming infrastructural facelifts targeting the area are expected to revive the glory of the once kingdom district of Sri Lanka.

Among other facilities, the area is much privileged with transportation services and is expected to be met with further enhancements in coming years.

Improved connectivity through proposed modern transport network demarcating Kottawa – Bandaragama – Kahathuduwa areas is expected to cut a considerable slice of travel time taken to commute from the property locale to the strategic hotspots in the island, which includes – Colombo City, Port City, BIA, Katunayake Free Trade Zone and Southern Sabaragamuwa and Central Province.