China’s ‘Port City’ in Sri Lanka to go ahead, land on lease, not freehold: Malik

Sri Lanka has sorted out differences with China on major projects with the biggest, a 1.4 billion US dollar ‘Port City’ real estate reclamation, about to be given approval, a minister said.

“We discussed all outstanding issues, all outstanding matters have been resolved,” declared Malik Samarawickrama, Minister of Strategic Development and International Trade, referring to his recent visit to China.

“Now it’s all systems go as far as China is concerned.”

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(Source: Economy Next)

Asset Homes to enter the real estate segment in Sri Lanka

Kerala-based realty major Asset Homes is all set to enter the real estate segment in Sri Lanka. It is in discussion with Sri Lankan government to develop residential townships in Colombo, in collaboration with the government. 

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(Source: Economic Times)