Jawatta Road, Meckenzie Road, Don Carolis Mawatha, Joseph Frazer Mawatha Keppetipola Mawatha

removing the existing government quarters.

Keppetipola Mawatha Housing Project

Cabinet Decision – PFD/PMD/CM/2011/112

Project Area

70 Summit Flats1090 sq.ft. floor area

600 apartments

1500 sq.ft.

USD 150,000 per apartment

Total Cost USD 90 million

LAND PRICE

USD 51,000 / 25sqmt (perch)

Construction of Apartments• 600 apartments in 4 towers• Each tower in 20 floors will • Three housing types • Large - living and dining areas, 3

large bedrooms, 1 attached and 1 common toilet, a pantry, store area, servants’ toilet and balconies.

• Each tower will be served with parking floors to accommodate 150 vehicles,

• Each tower with 2 passenger elevators and 2 stair cases.

Apartment complex in 2 acres

Business center and Super market 0.5 acre

International University / school in 4 acres

Restaurant Complex 0.5 acre

Sports Complex 01 acres

Common areas 3 acres

Potential Development Ideas

The FormulaTotal land area 16 acres

For the 04 towers 5 acresBalance 11 acres on 99 year Lease to

investor

Parks Road Ways and Open Spaces

“The market for real estate assets in Sri Lanka has shown a significant growth phenomenon since 2009 with a marked increase in price levels of real estate assets including bare lands, residential housing, commercial premises and condominium style apartments. Increased foreign investment interest in prime blocks of commercial lands in the city of Colombo, the acquisition and resale of leisure properties by private investors and a general increase in confidence levels of household investors is likely to have fueled the development of Sri Lanka’s property market during the past 24 months. ..”

KPMG