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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka to resume Narahenpita, Torrington housing projects

Colombage Mawatha scheme to have 615 units, while the Torrington Mawatha scheme was to have 115 units

August 5, 2025 1 min read

Sri Lanka seeks investors to develop 10-acre Colombo Fort land

Cabinet had approved the proposal to lease the land at Olcott Mawatha on a 99-year lease basis

August 5, 2025 1 min read

City of Dreams casino and luxury hotels aim to up Sri Lanka's tourism game

The resort has a Cinnamon and Nuwa hotel, Melco casino, apartments, mall, conference, banqueting space and restaurants

August 2, 2025 3 min read

Sri Lanka Port City ICC unit gets 25-year tax holiday for Rs13.8bn residential towers

To built two high end residential towers and luxury villas

July 21, 2025 2 min read
NEM Construction gets Rs1.2bn contract to upgrade Sri Lanka's A2 road sections

To improve 4 sections of the Colombo-Galle-Hambantota-Wellawaya road in the Kalutara District,

Sri Lanka mall cuts rents in Coronavirus downturn, stock price soars

Sri Lanka's CT Land Development Plc, a property developer that runs Colombo's Majestic City mall said it was cutting ren...

October 5, 2020 2 min read

Sri Lanka's Kelsey Homes says starting 300 unit gated community

Sri Lanka's Kelsey Homes says it is launching a 300 unit housing project in Ja Ela, after the first phase of 70 units wa...

October 1, 2020 2 min read
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Sri Lanka's Access Engineering wins Rs9.3bn UDA housing deal

Sri Lanka's Access Engineering Plc has won a 9.37 billion rupee housing deal from the Urban Development Authority, the s...

September 23, 2020 1 min read

Deadly building collapse in Kandy sign of weak regulation - NBRO

The building that collapsed in Kandy killing an infant and two adults may not have been built according to specification...

Arjuna Ranawana
September 20, 2020 2 min read

Sri Lanka's China backed project puts reclaimed land on the market for services FDI

Sri Lanka's Colombo Port City, a project financed by China-based business group has placed 13 blocks of prime land recla...

September 16, 2020 3 min read

US sanctions on China firms will not affect investments in Sri Lanka's reclaimed port city: official

Colombo Port City, where investors will get land from the government of Sri Lanka are not part of United States sanction...

September 14, 2020 3 min read

Sri Lanka state housing authority to sell Rs25bn in 5-year bonds

Sri Lanka's state-run National Housing Development Authority has been authorized to sell 25 billion rupees in bonds to b...

September 3, 2020 1 min read

Land prices rise 7.1-pct in Sri Lanka's capital district Colombo

Land values in Sri Lanka's capital Colombo had grown 7.1 percent in the first half of 2020 from a year earlier, while pr...

August 26, 2020 1 min read

Sri Lanka's Sanken gets offshore finance for construction imports amid trade controls

Sri Lanka's Sanken group said it has secured offshore import financing facility suported by Hatton National Bank and Peo...

August 21, 2020 2 min read

Sri Lanka SEC urges real estate securities with rules in place

The Securities and Exchange Commission of Sri Lanka said rules are now in place for the issue of Real Estate Investment ...

August 2, 2020 2 min read
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Sri Lanka's Vallibel Properties to build 16-storey office tower

Sri Lanka's Vallibel group will construct an 16-story office building in Colombo 03, at a cost of 8.1 million US dollars...

July 29, 2020 1 min read

Sri Lanka Wayamba Uni tech faculty deal goes to Sathuta Builders

A contract to build the Faculty of Technology at Sri Lanka's Wayamba University has been awarded the Sathuta Builders (P...

July 26, 2020 1 min read

Sri Lanka Rs3bn tech campus building deal goes to Maga-ICC

A contract to build Faculty of Computing and Technology at Sri Lanka's University of Kelaniya for three billion rupees h...

July 12, 2020 1 min read
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Sri Lanka construction industry fears 100,000 jobs losses after Covid-19 crisis, stalled payments

Sri Lanka's construction industry is struggling with tens of thousands of workers yet to return to work after going home...

Chanka Jayasinghe
June 16, 2020 3 min read

Sri Lanka telecom regulator asked find businesses to use Lotus Tower

Sri Lanka's President Gotabaya Rajapaksa had asked the telecom regulator to find local and foreign businesses to use Lot...

June 16, 2020 2 min read

Sri Lanka's MAGA-ECL says completes green tech campus complex ahead of schedule

Maga Engineering said it had completed technology faculty complex for Sri Lanka's Sri Jayewardenepura University five mo...

June 10, 2020 1 min read

Sri Lanka plans price controls on sand after load ceilings drive up prices

Sri Lanka is planning price controls for construction sand after weight ceilings slammed on trucks drove up prices, the ...

June 7, 2020 3 min read

Sri Lanka's Lanka Tiles expect 20-pct revenue drop in 2020

Sri Lanka's Lanka Tiles Plc, said it expected a 20 percent revenue drop in 2020, and profits as the country recovers fro...

June 1, 2020 1 min read

Access Engineering building Sri Lanka's largest warehouse for entrepot trade

Sri Lanka Access Engineering said it is building the largest warehouse in the country for a solid tire company, though c...

May 31, 2020 2 min read

Sri Lanka property developers seek to re-start work, clarity on import controls

Sri Lanka's property developers have asked President Gotabaya Rajapaksa to start work which had been halted to stop Coro...

April 18, 2020 6 min read