LankaPropertyWeb house price index updated

LankaPropertyWeb.com, Sri Lanka's leading property portal has updated it's housing price index with the latest property prices for the month of January.

The house price index can be viewed here

(Source: LankaPropertyWeb.com) 

New land powers for Def. Min.

Statutory body must approve any filling or development in Western Province

Developing or filling land in the districts of Colombo, Kalutara and Gampaha will henceforth require approval from a statutory body coming under the Ministry of Defence. New regulations to compel landowners to obtain the approval of the Sri Lanka Land Reclamation and Development Corporation (SLRDC) were gazetted last week. President Mahinda Rajapaksa, in his capacity as Minister of Defence, promulgated them. They have come in the form of a “Correction Paper” to regulations gazetted earlier by Dinesh Gunawardena, Minister of Urban Development and Sacred Areas Development. More >> (Source: Sunday Times)

Another big hotel project in Colombo

The government is to launch another hotel project in Colombo Fort, taking over the former Dutch Hospital (Transworks Building) opposite the one time Central Telegraph Office, a senior official of the Urban Development Authority said.
The adjoining car park and a land bordering Chatham Street and Hospital Street in Fort have also been identified for a tourist entertainment venue as part of the project, the official said.
“The former Dutch Hospital will be turned into a hotel in a manner that the ancient structure remains and the archeological value is preserved,” he said without disclosing details about the investors of the project.

More>>

(Source: Sunday Times)