My Home Kurunegala – CBH Lands talks about real estate investment landscape
CBH Lands, a leader in real estate in Sri Lanka and the market leader in Kurunegala, shared new research and insights into the strategic importance of Kurunegala to national economic growth and community development at a press briefing on 8 March 2022.
CBH Lands Fo u n d e r Chairman Mr. Yatila Wijemanne and Deputy Founder Chairman Ms. Manjarie Tissera explained the historic, territorial, and scientific aspects of real estate investment and opportunities for investors in Sri Lanka through its new “#MyHomeKurunegala” initiative.
Kurunegala is the second largest contributor to the national GDP, the second largest government teacher base and highest road kilometerage, and has a trade economy that functions independently.
Speaking about the environmental impact, especially in terms of the coconut triangle, Mr. Wijemanne explained: “Generally, we have to go through a minimum of around 12 government bodies for each project, starting off with the Local Authority, Provincial Council, UDA, and then the government with an analysis. From there we are referred to the Water Board , C e n t r a l Environmental Authority, and RDA.”
Moreover, Ms. Tissera pointed out that Kurunegala is the only district in Sri Lanka that requires a developer licence and opined that it should be the case in every district.
Mr. Wijemanne and Ms. Tissera emphasised that while national development programmes and marketing campaigns could be highly beneficial, the responsibility of the development of Kurunegala also falls on everyone involved, including developers, residents, and businesspersons of the district.