CBH Lands Opens Up New Avenues for Real Estate Investment in Kurunegala
A new real estate investment hub outside the commercial capital is advancing in Sri Lanka. Located in the heart of the North Western Province, Kurunegala is rapidly gaining momentum with the latest technologies, changing tenant preferences and behaviours, and enhanced facilities. This is further strengthened by the completion of the second phase of the Central Expressway, stretching from Mirigama to Kurunegala, adding to the promise of offering greater accessibility.
Real estate investment offers significantly higher returns and more control over assets. Without doubt, investing in property in close proximity to the Central Expressway is an investment for life
Recognising this potential for investment in Kurunegala, CBH Lands has capitalized on the increase in demand and expansion within the province, paving the way for potential investors to purchase plots of land through the developments undertaken by CBH Lands. With a strong belief that Kurunegala is the next investment hub in Sri Lanka, Yatila Wijemanne, Chairman of CBH Lands, expounded on the return on real estate in comparison to other investment opportunities.
Highlighting the benefits of the current investment landscape in Sri Lanka, Yatila Wijemanne explained, “In this prevailing low interest rate environment, funds held in banks provide negative returns, as they offer only 5% per annum, while the actual inflation is above 11%.
Thus, one receives a negative return of about 7% minimum per annum by holding funds in the bank. Therefore, it is very important that you invest cleverly, and real estate, if selected carefully, offers the best returns.”