An Echelon Media Company
Thursday March 23rd, 2023
Construction and Real Estate

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.

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

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.

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

Sri Lanka housing hit by protectionist taxes, monopoly power: Developers

Unjustified protectionism has created a monopoly for a few players with dire consequences on an entire industry

August 26, 2022 2 min read

Sri Lanka developers halt new condos after currency collapse, costs skyrocket

Steel prices up 350-pct, tiles up 300-pct and some fittings up 500-pct

August 25, 2022 4 min read

Sri Lanka property developers allowed to import tiles

Approved condominiums, mixed development projects, approved hotels and government projects

August 25, 2022 1 min read

Sri Lanka renewable firms, engineering firms promoted in Mozambique

Over 29 local companies had participated in the virtual meeting

May 20, 2022 1 min read

Sri Lanka to give resident visas for apartment buyers, dollar depositors

A lot of apartments are coming up and if there are no buyers there can be a crisis

April 26, 2022 2 min read

Sri Lanka's Damro group in 652 room hotel in Colombo

The hotel to be built in Colombo 03, will have 652 rooms

February 23, 2022 1 min read

Sri Lanka's Home Lands Skyline rated 'A(lka)' despite macro challenges: Fitch

We expect the company to face near-term challenges from the weak domestic economy

February 16, 2022 8 min read

Sri Lanka's Global Housing to build Rs6.5bn hotel residency in Hikkaduwa

Plans to complete within 36 months

February 2, 2022 2 min read

Sri Lanka's LOLC wins Rajagiriya land, high rise project

The contract is given on a design, build, finance and transfer basis

January 25, 2022 1 min read
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India hands over 1,000 houses in Sri Lanka tea plantations

Festival of Pongal represented shared civilizational ties between the two countries

January 16, 2022 1 min read

Sri Lanka's China-backed Port City to see 'breakthrough' in 2022 1Q

It is not a day dream. It is being realized day by day

January 16, 2022 1 min read

Sri Lanka to launch housing pilot project for low income groups; to be paid in installments

The project aims to provide housing to lower income families who don’t own land and have to rent a house.

Mahadiya Hamza
January 12, 2022 1 min read

HSBC Sri Lanka service centre moves to Mireka Tower


December 17, 2021 1 min read

Sri Lanka opens Japan-funded 'Golden Gate Kalyani' bridge

The total cost for the project is 55,000 million rupees, according to the president’s media division (PMD).

Chanka Jayasinghe
November 25, 2021 2 min read

Sri Lanka's JKH profits up 321-pct in Sept 2021, helped by property

The Group has commenced discussions with key tenants for the retail mall

November 3, 2021 2 min read

Sri Lanka's Cargills to consolidate property into one unit

At the moment several mini-malls and cinemas are held through a number of subsidiaries

October 28, 2021 1 min read

Sri Lanka Ports Authority plans waterfront PPP in Mahara stone quarry

Mixed development with urban residential, cultural and recreation facilities

October 21, 2021 1 min read

Sri Lanka telecom regulator to strengthen its position as property developer

4 acres to be given for offices, foods stalls and car park

October 7, 2021 1 min read

Sri Lanka property price disinflation in the capital Colombo ends

Near double digit growth

August 7, 2021 2 min read
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