Towards Planned, Sustained, and Adored Urbanization for Today and Beyond
Realizing the Vistas of Prosperity and Splendour
Dr. Nalaka Godahewa
State Minister of Urban Development, Waste Disposal and Community Cleanliness
Sri Lanka is looking forward to create an investor friendly environment with the focus on further opening up of the economy to attract foreign direct investment and provide equal facilities to foreign and local investors.
Through such initiative, it is expected that the inflows will witness an unprecedented increase with wide scale Investments from around the world. Even though there is an investment declining trend world-wide due to the global pandemic, the economies have now started showing signs of rejuvenation.
Mr. Sirinimal Perera
Secretary, State Ministry of Urban Development, Waste Disposal and Community Cleanliness
It is well-known that our country is an investment destination, which offers investor friendly policies with the commitment to resolve and enhance the business competitiveness in the region.
Despite the downturn in the global economy, Sri Lanka has experienced improvements in the return of foreign investments. It is typical for a developing country, such as ours, to be faced by challenges. However, international investors appreciate the efforts of Sri Lanka. Hence, it lays the path for accelerating a fast-paced growth.
MG. Udaya Nanayakkara
Chairman, Urban Development Authority
Sri Lanka is at the cross roads of the fastest growing economies in the world. The tropical climate beautiful beaches, incredible food and haven for history is the reason to include the South Asian country on any ones travel wish list. With its unique geo-strategic location, skilled human resources and a huge untapped growth potential, Sri Lanka is looking forward to unleash a decade of growth taking advantage of its inherent strengths and global supply chain shifts. Hence, it provides attractive incentives and profuse policies for vast investment opportunities in many sectors of the economy for foreign and local investors to thrive lucrative returns.
Plnr. Mr. N. P. K. Ranaweera
Urban Development Authority
The Urban Development Authority (UDA), the key planning and implementation body in the country, which is at the forefront of social, economic, environmental and physical progress is also known to be one of Sri Lanka’s premier investment promotion bodies, responsible for attracting, facilitating and promoting both local and foreign investment in Sri Lanka.
Thus far, the Urban Development Authority has engaged in diversified investment opportunities through a number of significant real estate development projects as it holds the sole authority on declared urban areas.
Nine Development Clusters
Promoting integrated planning and implementation for the economic, social, environmental, and physical development
Why Invest in UDA
Prime locations with premium market value
Flexible duration for payment of lease premiums
Enhanced investor goodwill
Mortgage and assignment of leasehold rights
Attractive investment models
Favourable development regulations
Fast approval processes
Professional assistance for obtaining of clearances/permits
Government assured land tenure
Long-term land lease with government authentication
Freehold ownership of apartments