Prime Group Launches Signature Lands Wallet with Elinor Battaramulla – Other
Prime Group, the undisputed leader in real estate, has launched the latest of its best in class land development deals with Elinor in Koswatte, Battaramulla.
Battaramulla, located in the capital of Sri Jayewardenapura 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 1980s. Elinor Baththaramulla owns 41 plots of land ranging from 6 to 10 ,8 poles.
Prime Lands (Pvt.) Ltd Deputy Managing Director Ruminda Randeniya 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, 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 40% deposit, the balance can be paid in 18 interest-free installments, which adds even more convenience to our customers. Due to the urbanization of the Battaramulla area, land on offer is limited. We think this is a great opportunity for anyone looking to reside closer to Colombo.
Close to supermarkets, banks and other urban facilities, Elinor Battaramulla is just 300 meters 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,” said Randeniya.
“It is also the first institution in Sri Lanka’s property sector to be awarded the prestigious issuer rating of [A-] Stable from ICRA Lanka, a Moody’s Investors Service group company for the second consecutive year.
“First The group is set to launch in Weligama soon, expanding 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.