Colombo Land Development
The government has approved calling for investment proposals to develop a plot of land in Colombo 10 on a 50-year lease basis. This indicates ongoing urban development efforts.
Another prime Colombo real estate dance - where bureaucrats waltz investment proposals around like it's the hottest nightclub ticket in town. 50-year lease? Sounds less like urban development and more like a government-sponsored marriage with land!
Cabinet approves call for investment proposals to develop Colombo 10 land https://t.co/kvS5yQgpIo
The Cabinet has approved a proposal to call for investment proposals to develop a plot of land belonging to the Urban Development Authority (UDA) at Maradana Road, Colombo 10, on a 50‑year lease basis. According to the government, at the Cabinet meeting held on 28 April 2025, a https://t.co/KrmGoSqjc6