An Echelon Media Company
Sunday December 10th, 2023
Construction and Real Estate

India to construct 10,000 houses in Sri Lanka plantation areas

The overall commitment of the Indian government under the project is 60,000 houses.

November 29, 2023 1 min read

Sri Lanka cement maker sees recovery begin amid rupee stability

The downward yet stable movement of foreign exchange rates, conveyed a much-needed stability for businesses

November 10, 2023 3 min read

UDA mulls transfer of Sri Lanka Bogambara Prison to Dalanda Maligawa

Hand over Kandy Bogambara prison building to Dalanda Maligawa or use it for another investment project, minister says

November 9, 2023 1 min read

Sri Lanka housing authority losses near Rs20bn, Rs5bn in 5-years

The cumulative loss of the NHDA is close to 20 billion rupees, with a loss of 5 billion rupees made in last five years

October 28, 2023 1 min read
Sri Lanka flexible for investor to start Grand Hyatt operations – Minister

No investor has come forward for Grand Hyatt, a hotel constructed with public money under ex-leader Mahinda Rajapaksa

Sri Lanka UDA to build housing in Colombo with Chinese help, digitize land inventory

UDA possesses land suitable for both domestic and foreign investments, providing opportunities for interested parties

Researchers cast doubt on Beira Lake neutralisation project

Researchers raise concerns about the Beira Lake clean-up project

Nethmi Rajawasam
September 16, 2023 3 min read

Sri Lanka's UDA to transfer land with housing units to Colombo University

Cabinet approved a proposal by the UDA to transfer land with housing complex to the University of Colombo

September 12, 2023 1 min read

Sri Lanka's Colombo district land values up 15-pct

Some slowdown seen in first half

August 23, 2023 1 min read

Sri Lanka's Hunas Falls to invest US$12mn to refurbish hotel

Company also has operations in renewable energy and tea

August 20, 2023 1 min read

Sri Lanka construction industry down, but helped by deflating material prices: PMI

The respondents mentioned that sizable projects are hardly available

July 31, 2023 1 min read

Sri Lanka Construction Guarantee Fund pressured by spending squeeze: Fitch

The firm is on rating watch negative

July 30, 2023 5 min read

Sri Lanka in discussion with Indian, Pakistan firms for cheaper cement - Housing Minister 

Ranatunga believes price of 50 kg cement pack could be brought down by 400-500 rupees.

June 23, 2023 2 min read

Sri Lanka's Lanka Special Steels boosts GI capacity

Factory can run at different levels of capacity

Melkishiya Andrew
June 14, 2023 2 min read

Sri Lanka to move President, PM offices, heritage buildings for tourism: report

The buildings will then be leased to investors for tourism for 30-years

June 11, 2023 2 min read

Sri Lanka gets go ahead for water villa development: Minister

Islets off Kalpitiya approved

May 28, 2023 1 min read
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Sri Lanka's JKH in talks international operators over gaming strategy

Also discussing tenants of retail mall

May 24, 2023 2 min read

Sri Lanka to ban building above 4 stories in Nuwara Eliya

UDA to issue regulation

April 25, 2023 1 min read

Sri Lanka links up with Korea for rural development

The MoU will be signed between Ministry of Public Administration, Department of External Resources and the foundation

March 28, 2023 1 min read

Sri Lanka UDA to take back Krrish, Destiny, non-operational buildings in lands it owns

The valuation of the two buildings is yet to be done.

Melkishiya Andrew
March 16, 2023 2 min read

Sri Lanka to set up committee to solve construction industry problems

Bank interest, import controls, customs duties and payment of government arrears

February 16, 2023 1 min read

Sri Lanka eyes Saudi investments for energy, real estate, Port City - Foreign Minister 

Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa

January 24, 2023 2 min read

Saudi Arabia's Ajlan to join China's CHEC to invest in Sri Lanka Port City

To jointly invest in several pilot projects

December 20, 2022 1 min read

Sri Lanka construction contractors look for foreign projects as currency crisis slams sector

Construction firms had been operating in the Maldives and the Middle East during a 30-year war

December 14, 2022 2 min read

Sri Lanka's Chinese-built Lotus Tower limits visiter time to 20 minutes

The tower was initially opened in 2019, but triggered controversy over its purpose.

Neshella Perera
September 15, 2022 2 min read

Sri Lanka construction sector in deep crisis, govt arrears rise up to Rs150 billion

Industry experts say 70% of government construction projects are on hold now.

Chanka Jayasinghe
August 28, 2022 2 min read
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