Prime Group, the undisputed leader in real estate has launched the latest of its best in class land development offerings with ‘Elinor’ in Koswatte, Battaramulla. Prime Lands offers a variety of properties in different locations across the country at prices tailored to individual needs. ‘Elinor’ is among the first properties to launch in the first quarter of 2022 in the suburbs of Colombo, with others located in Waragoda, Seeduwa Kurunegala, Aluthgama.

Battaramulla, located in the capital of Sri Jayawardenepura, Kotte, is one of the rapidly developing administrative, commercial and residential areas of Colombo district. It is popular among the country’s elite and is in an area that has seen structured urban development since it hosted the Parliament of Sri Lanka in the eighties. Elinor Baththaramulla has 41 plots ranging from 6 to 10.8 perches.

Deputy Managing Director, Mr. Ruminda Randeniya of Prime Lands (Pvt) Ltd described it as an ideal location for residential and investment purposes. “Today, many people prefer residential properties as long-term investments. We have seen an increase in interest in residential properties over the past year. For this reason, we have launched a new category in our portfolio as “Signature Lands”, defined by land value, location and neighborhood. Our properties have the best return on investment. We have arranged for loan facility with major banks in Sri Lanka. Although we take a forty percent (40%) deposit, the balance can be paid in eighteen (18) interest-free installments, which adds even more convenience to our customers. Due to the urbanization of the Battaramulla region, the number of plots offered is limited. We think this is a great opportunity for anyone looking to reside closer to Colombo.”

Located close to supermarkets, banks and other urban facilities, Elinor Battaramulla is just 300m from Koswatte Junction. It is also close to many important government offices.

“Prime Group is the sustainable market leader in the real estate industry in Sri Lanka,” Mr. Randeniya said. “It is also the first institution in Sri Lanka’s property sector to be awarded the prestigious issuer rating of [A-] Stable of ICRA Lanka, a Moody’s Investors Service company for the second consecutive year.

Prime Group is expected to soon launch in Weligama the expansion of its Signature Lands portfolio which offers a unique opportunity to invest as a vacation property or retirement home, offering vacation living while admiring the mesmerizing views of Weligama Beach” , concluded Randeniya.