Tata Housing completes Rs7bn urban re-housing apartments in Sri Lanka
ECONOMYNEXT – India’s Tata Housing has completed the construction of a 7,000 million rupee high rise complex with 626 housing unit and 114 shops in Sri Lanka’s capital Colombo.
Over 5 years ago, Sri Lanka’s then government took over land of an underserved community and nearby dwellings which also included freehold land, in a state-backed urban development project.
Minister Ravi Karunayake had said that five years ago when people were removed from their homes, he had played a role to intervene and the housing in the vicinity. At the time he was in the opposition.
Critics have pointed out that that Sri Lanka’s Urban Development Authority, originally set up by Wickremesinghe’s United National Party, has draconian powers to expropriate private land.
Homes of people can not only be taken over for public purposes (eminent domain) to build common facilities like roads, but also for resale to businesses for commercial purposes. (Colombo/Aug02/2019)