Sri Lanka 'eLand Registry' to expand islandwide
Sep 12, 2018 19:29 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka plans to expand its new digital land registry islandwide with the aim of speeding up property registration and making the island more attractive for investors, , the government announced.
It would also help improve the country’s position in the Ease of Doing Business index.
The state information office said the Cabinet of ministers this week approved a proposal by Malik Samarawickram4 Minister of Development Strategies and International Trade and Wajira Abeywardena, Minister of Home Affairs to secure funds to implement this project.
The eLand Registry will speed up land registration, reducing the number of days taken to register a property to five from 51 and the number of procedures to two from nine.
The digital registry is expected to be operational in the Western and southern provinces by end-2018 and elsewhere later.
(COLOMBO, 12 September, 2018)