Kurunegala – A New Horizon for Real Estate Investment

A new investment hub for real estate is on the rise. Yatila Wijemanne, the Chairman of

CBH Lands, has been driving real estate investment in

Kurunegala. With a strong belief that Kurunegala is the next investment hub in Sri

Lanka, he expounded on the advantages of real estate in comparison to other investment opportunities and the ways in which the perception of investment has changed following the onset of the COVID-19 pandemic.

“In this prevailing low-interest-rate environment, one receives a negative return of about 2.7% minimum per annum by holding funds in the bank. Therefore, it is very important that you invest cleverly. The key is to identify where one should invest in real estate, and choose an opportunity that will provide the highest amount of return as a percentage. Furthermore, the climate is conducive for real estate investment because home and land loans offer low-interest rates in the short and long run.”

Recognising the potential for investment in Kurunegala, CBH Lands has capitalized on the increase in demand and expansion within the North Western Province, paving the way for potential clients to purchase land plots through the developments undertaken by CBH Lands. “We have invested strongly in creating a proper database that equips us to provide the best land plots to our clientele. CBH Lands operates based on a strategic formula that we use for land selection built by our dedicated researchbased intelligence unit.”

“We focus on providing land which will give you a solid return, and thus can be compared to any financial tool of investment, such as a fixed deposit or equity. The potential for re- sale is highly important to us. Pricing for us is about transparency and what we can genuinely provide our clients. The CBH team gets personally involved in the selection of land plots for each of our clients. We take a 360-degree approach to servicing our clients”.

With the increased inhabitation of the areas in the vicinity of the expressways, Kurunegala is an ideal area for affordable and accessible investment. The long term sustainability in real estate investment and the value additions pertaining to it make it a viable option for the future.