Sri Lanka is a country with a population of about 20 Million and is one of the most important places in South Asia because of its geographical location. It is situated right below India which was used by thousands of traders few centuries back.
Sri Lanka is very much popular among European Tourists because of it’s scenic beauty and golden sand beaches. Still Sri Lanka holds it’s reputation for having one of the best beaches in the world called “Unawatuna Beach”.
When Sri Lanka was hit by Tsunami in 2004, it did a great deal to decrease the economic growth of the country. But now after about four years, it seems that the country is again rising to its original position.
However, when it comes to Real Estate, there is a huge growth in the market. Compared to the last decade, the country seems to have had much more investments going on in the city of “Colombo” which is the capital of Sri Lanka. Still, only Colombo is notices by the investors due to the lack of facilities in other districts in the country. Since Colombo is the most popular city of Sri Lanka and it’s the most nearest city to the “Bandaranaika International Airport”, people are still investing in Colombo, since there’s a huge market and a potential.
There had been a huge growth in High Rising Condominium Apartments and in the city itself there are more than 20 condominium apartment complexes. Half already completed and half under construction. Below are some of the major apartment projects going on in Colombo.
- “Monarch @ Crescat, Colombo 03
- Celestial Residencies, Colombo 03
- Ocean Edge Apartments, Colombo 03
- Fairmount Apartments, Rajagiriya
- Wimbledon Court, Dehiwala
- Dawson Grand, Colombo 2
- Iceland Residencies, Colombo 03
- Lumiere Resisencies, Colombo 05.
- Havelock City apartments with Shopping mall, Colombo 05
- Trillium Residencies, Colombo 08
- Star Residencies, Dehiwala
However, there are many more high rise condominium apartment projects are going on in the city of Colombo and also there’s a trend for Apartment Complexes with major shopping malls & office complexes such as Havelock City (http://www.havelockcity.lk). There are eight towers of apartments, with four towers of 22 stories, two towers of 27 stories and two towers of 29 stories.
Even though the ongoing war is doing a major impact on discouraging all these development projects and overall development in they country’s economy.
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