UDA intends to construct condominiums and housing schemes countrywide

Published : 12:04 am  September 18, 2018 | No comments so far |  | 

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Due to limited land resources we cannot allow dense construction on 10 perch blocks of land and everyone should shift to condominiums, the Minister of Megapolis and Western Development Champika Ranawaka said.   
Speaking at the opening ceremony of the middle income housing scheme Lake Crest Residencies, Minister Ranawaka said there were 300,000 individuals, working in the private sector,  who were renting out condominiums and annexes in Colombo. 

 
“The solution to this is not the distribution of 10 or 6 perch blacks of land. We only have a limited amount of land available in Colombo now and these lands are situated in areas such as Homagama and Avissawella.”   


If the government were to allow construction of houses in 10 or 6 perch lands, only 50,000 families would be able to settle down. Therefore, the Urban Development Authority (UDA) made the decision to incorporate condominiums and housing schemes across the country.   


CITY-DM-6-12Housing schemes in Homagama and Avisawella would therefore be similar to those constructed in Colombo and its suburbs, the Minister said.   


The new five storey condominium, constructed under the UDA’s Urban Regeneration Project, is estimated to have cost Rs. 1,200 million. A statement from the Ministry said an additional Rs. 162 million had been spent on developing infrastructure facilities in the vicinity.   


Constructed on a five acre land, near the Angoda Hospital premises, the 500 unit complex has units priced between Rs. 3.8 million to Rs. 4.2 million. The 442 square foot condominium consists of two bedrooms, attached bathrooms, kitchen, living room and balcony.   


Ranawaka also said that a village will be constructed for artists and artisans in Piliyandala with Chinese aid. The UDA had allocated Rs. 15,000 million to develop infrastructure facilities in Battaramulla, which is to be the administrative city.   

 

Minister Ranawaka said there were 300,000 individuals, working in the private sector,  who were renting out condominiums and annexes in Colombo

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