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Top areas in Sri Lanka to invest in a holiday getaway home

Top areas in Sri Lanka to invest in a holiday getaway home

Sri Lanka is identified as one of the top destinations for expats to invest in vacation homes. Possibility to find some of the best affordable real estate in Sri Lanka is another major reason for investors to consider investing in Holiday Apartments in Sri Lanka. Today the market is so dynamic and attractive that we see a tendency of Asians from neighboring countries like India, Pakistan opt to buy a second home or a vacation home on this paradise island.

Already being recognized as the #1 Hotel Residency Developer in Sri Lanka at Global Housing and Real Estate (pvt) LTD we have identified some prime locations that are suitable and potential market holiday homes in Sri Lanka. 

Mainly the most common and popular is the southern coastal area which houses some beautiful beaches and coastal views. Then we have the central hills also known as the hill country that accounts for some scenic landscapes of lush greenery and mountain ranges. Finally, the aforesaid being two extremes of preferences there are also other areas in the island that offer beautiful getaways that are ideal for holiday homes.

To make it easier for you to narrow down the locations to fit the liking here is a brief list of locations and what they offer.

  • Galle

    One of the most attractive locations for those seeking holiday homes and apartments in Sri Lanka. Located in the southwestern end of Sri Lanka is the home for a beautiful coastal line and some significant historical importance. Galle is currently one of the highly sought-after markets in the real estate sector in the country and therefore makes it any buyer’s first choice.

  • Kandy

    Considered to be the second largest city after Colombo and is in the central hill of the country. It has a thriving real estate market for those seeking holiday homes amidst the hills, plantation and the lush greenery, rivers, and waterfalls. The city has a major historical importance and was declared as a world heritage site by UNESCO in 1988 and makes it even more favorable for tourists.

  • Bentota

    Bentota rings a different experience with the tropical lagoon, the popular Bentota river offering plenty of opportunities for those seeking a getaway home that can also offer activities such as water sports, swimming, bodysurfing or even sea diving. On the other side some areas also offer jet-ski, windsurf, parasailing or a romantic river safari on the river and lagoon.

  • Sigiriya

    A scenic town in the central province is another perfect holiday home location. Identified and declared as a site of historical and archeological importance and holds a significant importance thanks to a massive column of rock. Sigiriya rock is identified as one 8th world wonder for its historical and engineering significance. The Kingdom – Sigiriya is an upcoming property from us that brings modern, luxury, holiday, and heritage to life.

  • Nuwara Eliya

    Another crowd pleaser in the central hills offering scenic landscapes, good weather, plantations, and room for activities such as horse riding etc. This small city in the hills holds a uniqueness because of European colonization. Grand Residencies Nuwara Eliya is another project that is coming to life in the blissful surroundings of Nuwara Eliya.

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CategoriesBlog Sigiriya

Reasons why the Tourists love the Sigiriya Lion’s Rock

Reasons why the Tourists love the Sigiriya Lion’s Rock

Sri Lanka was identified for its natural resources, astounding irrigational and engineering capabilities, strategic location and importantly hospitality since ancient times. Sigiriya Lion’s Rock in Sri Lanka is one of the most fascinating places (also a UNESCO declared heritage site) that is considered as the 8th wonder of the world resulting it to be a tourist hot spot. 

“Sigiriya” is in the central hills of Sri Lanka surrounded by mountain ranges and vast landscapes of greenery. The Sigiriya rock is located predominantly surrounded by thick jungles. At eyesight this might not make sense as the surrounding looks pretty simple and plain. However, the cherry on top of the climb is once you climb to the top. 

Once you reach the top you will see a vast area of thick forest spreading across landscapes predominantly with flat land and a couple of significant mountain ranges in the vicinity. Climbing Sigiriya is not a difficult task and hopefully the following Sigiriya Rock Fortress Guide will help you enjoy this world wonder.

  • Getting there

    Main means of transport is via road. Recommended to use a private vehicle from Kandy or Colombo which will cost you 12,500LKR from Colombo and around 8000 LKR from Kandy. However, if you are backpacking or on a budget trip you can also take a local bus to Dambulla from Kandy and then another to Sigiriya.

  • When to visit

    Perfect times to visit the Sigiriya Lion Rock would be either early morning or in the evening before the sunset. Mid-day climb is possible however, due to the humid and tropical weather it might not be the most ideal time

  • The Cost

    The cost of the ticket for the locals is 65 LKR. and 3750 LKR (approx. $30) for foreign tourists. The significant price hike is predominantly because it is declared as a UNESCO world heritage site it is unavoidable.

  • Sigiriya Gardens

    Perfectly normal at a glance but what makes it absolutely magnificent is the fact that it was built over 1000 years ago and the irrigation system that supports the garden and fountains is absolutely unreal. The pipelines are connected underground with a unique irrigation system which also feed the fountains.

  • The Climb

    Comprising approximately 1200 steps; a combination of stones and steel (a recent addition because of preservation) might be slightly exhausting as you mount up but take your time to enjoy the view and the climb. Pay attention as the climb will also unfold the historical significance and the stories as you go up. Some of the main highlights on the way up are the Sigiriya frescoes, Murals, the mirror wall (that reflects the artworks on the opposite wall), Remnants of the Lion statue at the entrance of Sigiriya for which is also called the Lions rock. Legend says that on the top of the rock there would have been at least a 3-story building with outdoor areas for the king to enjoy evening activities. However, the most astonishing thing remaining on the top is a huge bath similar to a swimming pool which screams of the magnificent irrigation and engineering capabilities of our ancestors because they had a mechanism to pump water all the way up from a nearby pond or stream.

As a result of this historical monument today Sigiriya is one of most popular tourist destinations. The area has been seeing some recent developments as “the Kingdom – Sigiriya”. We at Global Housing and Real Estate (Pvt) LTD have ensured to preserve nature, heritage while tactfully building modern, luxury living creating a difference in the real estate market for hotel residencies in Sri Lanka.

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CategoriesBlog Investments

Here’s why you won’t regret investing in Sri Lankan real estate

Here’s why you won’t regret investing in Sri Lankan real estate

Real Estate in Sri Lanka is currently a trending topic and the one of the few markets that is depicting signs of a growing trajectory. Real estate and property development is likely to be a flourishing market in the future and here is why we think that an investment in Sri Lankan real estate is not a bad idea.

Being known as a developing nation the country houses some of the top real estate companies in Sri Lanka and the quality of the projects that are in place makes it a reasonable decision to invest. Especially factoring in the return on investment as the market continues to grow.

We at Global Housing and Real Estate (pvt) LTD has been the #1 Hotel Residency Developer in Sri Lanka and we have been in business for almost two decades providing some quality projects across the country and we are recognized to provide some best real estate Investment opportunities in Sri Lanka.

If you are a seasonal investor or a fresh investor inquiring for information, seeking for the potential investment opportunities in the country we are here to guide you and to help you find the best suitable property for your liking. 

The country despite being a small island has a lot of new developments and projects that will overtime be a focal point in the real estate landscape in the country. One of the key projects in place that has made it more attractive for investors to consider Sri Lanka is the “Port city project” that is projected to attract local and internal elite investors. Simultaneously the country is also focused on infrastructure development such as highways, road development that creates a positive outlook for the global economy encouraging investors to consider Sri Lanka as a potential real estate market. 

In summary the most legit reasons for you as an investor to consider Sri Lanka are.

01 Strategic importance 

  • The country is in a Major shipping route that connects South Asia, Far East and the Pacific with Europe and America 
  •  Is near emerging Southeast Asian economies and Middle Eastern countries
  • Has a Strong air connectivity and is a major tourism hotspot. 
  • Is a Part of the One Belt, One Road initiative. 

02 Has a Conducive business environment as the country was identified as one of most conducive countries into business. 

03 infrastructure development (e.g.: Megapolis development plan, projects to improve external and internal connectivity, TRACE Expert City project etc.)
 
04 Multitude of On-going national development initiatives (The Lotus Tower project, The Beira Lake development).

05 Finally for the property developers and those keen in investing in a residential, leisure apartment Sri Lanka is expected to reach an urbanization rate of 31.6% by year 2030.
 
 

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CategoriesBlog Negombo

Things you can do in Negombo beach

Things you can do in Negombo beach

“Negombo ” is an underrated coastal destination in Sri Lanka which holds a great significance and attracts many tourists. Located in the western coast of the island it is only 10-15 min away from the Bandaranaike international airport is the perfect place to start a relaxed vacation. 

Picture the sunny beaches and the amazing hospitality that this tiny island offers. The beauty of Negombo is that it is located on the shores of the Negombo lagoon which had been a significant trading port to both the Portuguese and the Dutch. The scenic western coast beach is just a short drive from the metropolitan city; Colombo and is often the ideal retreat for busy locals and travelers looking for a quick escape of calm and quiet away from the hustle and bustle.

Being not too far away from Colombo the things to do in Negombo Beach are seemingly less at a glance. However, the experience and the unique activities that take place in Negombo Beach is what makes this coastal area all the more beautiful and a must try.

Some of the famous activities in Negombo Beach are.

  • A visit to the Fishing Village (Take a stroll down small fishing villages on the outskirts of Negombo on an evening. It is a priceless experience to witness the hustle of the fisherman)

  • Do a Canal Boat ride (As a result of colonization Sri Lanka has several canals built by the Europeans to move goods from one trading post to another. Even though goods are no longer transported via these canals, they are in operation for boat rides)

  • Visit the Angurukaramulla Temple (A visit to a temple is a must when you visit Sri Lanka. The country offers numerous temples with a lot of historical importance)

  • St. Mary’s Church

  • Negombo Beach (No trip to Colombo is complete without a visit to the beach. The most gorgeous time and the crowd pleaser is the sunset)

  • Visit the Dutch Fort (It is located closer to the lagoon’s mouth and the ruins of and ancient Dutch fort, with a gateway that is inscribed with the date 1678 will be a sight to remember)

  • Finally do a catamaran Dining (especially if you are visiting with your partner. What better romantic getaway)

Finally, no destination is complete with accommodation and at Global Housing and Real Estate (pvt) LTD we have identified the destination as a potential market with growth in the real estate sector and our upcoming development project Ocean Breeze – Negombo is the perfect example of Holiday Residencies in Sri Lanka.

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CategoriesEvents

ගංගාරාම විහාරස්ථානයේ රන්වැට නිරාවරණය කිරීම

ග්ලෝබල් සමූහ ව්‍යාපාරයේ අධිපති දසුන් වික්‍රමරත්න මැතිතුමා සහ එම මැතිණියගේ මූල්‍ය දායකත්වය සහ සමාගමේ කාර්ය මණ්ඩලයේ සහභාගිත්වයෙන් හුණුපිටිය ගංගාරාම විහාරස්ථානයේ බෝධීන් වහන්සේ වටා ඉදිකරන ලද රන්වැට වර්ෂ 2022-02-16 දිනට යෙදී තිබූ නවමි පුර පසළොස්වක පොහොය දිනදී විහාරාධිපති ප්‍රමුඛ ගරුතර මහා සංඝරත්නයේ ප්‍රධානත්වයෙන් අතිගරු ජනාධිපති ගෝඨාභය රාජපක්ෂ මහතා විසින් නිරාවරණය කර පූජා කරනූ ලදි. පිං කැමති සැම මෙම පුන්‍යකර්මය දැක බලා සතුටු සිතින් අනුමෝදන් වෙත්වා

CategoriesBlog Investments

Post Covid effect on the Sri Lankan property market: What to expect

Post Covid effect on the Sri Lankan property market: What to expect

Real Estate and construction are a breadwinner in the Sri Lankan economy and has a massive supply chain connecting small to medium enterprises in Sri Lanka and is a key industry that creates a number of job opportunities. As a result of the restrictions imposed to contain / minimize the health impact from Covid19 the industry had to take a toll as the safety precautions imposed came at a great expense of property developments coming to halt, unemployment in the industry skyrocketing. The effect of Covid for Sri Lankan Real Estate has been a hot topic in the Real Estate News in Sri Lanka as there had been continuous unprecedented challenges causing severe disruptions both socially and economically.

At Global Housing and Real Estate (pvt) LTD the past two years has been a rollercoaster journey and something we haven’t experienced or anticipated being in business for almost two decades. As per our market analysis experts the extent of the impact and the progress to recovery will all depend on how the virus progresses and currently this is the most crucial and uncertain factor in the equation thus, the uncertainty remains on the trajectory of recovery in economic activity.

Even though the real estate is identified as one of the Best Investments in Sri Lanka currently it is anticipated that there will be potential delays in all investment activities in the months to come. Predominantly owing to the constant fluctuations and uncertainty in the market. As a ripple effect of the lock-down and limitations in financing there is an evident slowdown in the developments, constructions, and the engineering sector.

We are constantly evaluating options on how our activities can resume to gradually return to a new normal where health and safety of the workforces will be a priority. However, ease in restrictions might not be the only factor holding the industry back as we rely on countries such as China, India for raw materials. 

Therefore, post pandemic recovery for the real estate and development market requires a lot of planning, anticipation and will depend on local and global covid impacts. The constant fluctuations and uncertainty is likely to impact on our prevailing cost structures, limited manpower and constant changes to our development timelines.

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CategoriesBlog Nuwara Eliya

Nuwara Eliya has become a paradise for motorsport enthusiasts

Nuwara Eliya has become a paradise for motorsport enthusiasts

Development projects of Luxury Hotel Residencies in Sri Lanka has been a hot topic in the recent past and the real estate market shows a growth trajectory in the years to come. Oftentimes these projects were only planned for in and around Colombo. 

However, as the real estate landscape has been taking a different turn today we see a shift in development projects of Traditional apartments, Luxury Hotel Residencies or mixed developments already in place in suburbs and cities away from Colombo such as Sigirya, Nuwara Eliya etc.

At Global Housing and Real Estate (pvt) LTD we are the #1 hotel residency developer in Sri Lanka for the mere fact that we ensure to do our homework on the location to ensure a return on investment for us and our investors. 

During our research on the hill country Nuwara Eliya was identified as one of the most successful locations for the multitude of activities happening in and around this small town in the hills. It is today a paradise for motorsport enthusiasts and there are so many motorsports events taking place throughout the year attracting many tourists, motorsports enthusiasts. 

Some of the famous events that take place in the hills are 4 x 4 race in Nuwara Eliya, Nuwara Eliya Mud Challenge, Diyatalawa foxhill supercross , Nuwara Eliya road race etc.

The Motorsports / Racing industry in Sri Lanka attracts a very specific audience and this includes some elite families in the country, foreign travelers and the youth that travels from across the country. Since the events are at minimum 2-3 days long the spectators definitely require good accommodation, and this is one of the key reasons that Grand Residencies – Nuwara Eliya made sense to us and why it makes sense for you as a potential investment.

At a glance Nuwara Eliya is all about the good weather, gardens, waterfalls and a multitude of picturesque landscapes and a variety of farms. However, a closer look at this tiny city and you will be surprised by the number of activities that take place throughout the year.

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CategoriesEvents

Ocean Breeze Hotel Residencies Hikka a gilt edged investment

Chairman, Global Housing and Real Estate [Pvt] Ltd., Dasun Wickramarathna, introduced his latest development, Ocean Breeze Hotel Residencies Hikka, a Rs. 6.5 Billion project, to an elite audience at the Victorian Room, Kingsbury recently.

Global Housing & Real Estate [Pvt] Ltd is a company that engages in condominium and real estate development activities in Sri Lanka and is a fully owned subsidiary of Global Leasing Limited (GLL) under the Global Group of Companies. The Company was incorporated in 2003 and at present counts for over 18 years’ experience in construction and real estate condominium development.

This our latest project is a guaranteed, risk free, gilt edged investment and will be funded by our Group with private partnership and banking finance which is strategically segregated in various stages of the development to mitigate the risks involved, while our bankers are Bank of Ceylon, Sampath Bank , National Development Bank, Hatton National Bank and Commercial Bank”, said Chairman Wickramarathna, speaking at the launch.

We hope to have the ground breaking ceremony in March this year, with project completion in 36 months. Strategically located with beach frontage in Hikkaduwa, Sri Lanka’s most happening coastal area, Ocean Breeze Hotel Residencies – Hikka is set to become a hotspot for the adventurous and free-spirited socialiser and business person who can easily cruse in from the highway for a weekend or longer, thanks to its convenient location close to the highway,” he also said.

A 70-metre beach front development, lined with cool cafes, refined restaurants, a chilled-out beach club, up market boutiques and a spa, it is in close proximity to all beach activities such as snorkeling, fun boards, jet ski and a turtle hatchery, while whale watching is just a mere 15 minutes by boat. This breath-taking integrated resort will define tourism and hospitality in the area and is geared to earn a minimum 30% to 40% capital gain. The project will also generate around 400 direct and indirect job opportunities in and around the area.

“Global Housing & Real Estate (Pvt) Ltd. has grown in stature over the years to become a force, having venturing into various categories and segments of the property development industry and we continuously strive ahead of our competitors in delivering products which are innovative and which add value for all our stakeholders. 

Whether you are a seasoned investor or a first time buyer, we at Global Housing & Real Estate take time to understand exactly what your particular needs are and offer you the best solution, along with a wide range of products which are in our portfolio, whether it’s a traditional apartment, hotel residency or mixed development, with higher long term returns which are guaranteed to exceed your expectations. We have earned the trust and confidence of our clientele and are poised to take our place as a trusted name in the property development sector as well as the undoubted No1 Hotel Residency Developer in Sri Lanka,” he noted.

All construction is carried out by the construction arm of the group, MET Developers Holdings [Pvt] Ltd.

At present the Company has diversified its product portfolio with hotel residency developments in Negombo, Sigiriya and Nuwara Eliya, in addition to traditional condominium developments.

Ocean Breeze Hotel Residencies Hikka comprises 236 luxurious apartments, elegantly designed to blend and harmonise with the natural surroundings, as well as the surrounding cultural and traditional aspects, and is built according to stringent quality standards, and fitted with modern amenities to cater to even the most discerning client.

Ranging from 400 sqft Studio Units to 1721 sqft three bedroom Duplex Dual Key apartments over 22 floors, the apartments cater to all your needs and gives one an affordable hotel experience coupled with the advantage of owning a superior property on the famous Hikka beach. Prices range from Rs.13.5M to Rs.100M plus, with attractive interest free repayment schemes facilitated by leading banks in the country to be paid in 36 months.

Investors could enjoy value added services of generating long term revenue generation by renting, as we offer management of property, thus making it a hassle free investment,” he also noted.

Designed by Anushka Dassanayake, who is the project architect, investors could avail themselves of an apartment by merely paying a reservation fee of Rs. 500,000/- and a 10% down payment.

ETM Leisure Ltd, a fully owned subsidiary of Global Leasing Ltd has been set up to manage the property and generate revenue on the longer run, making it a hassle free one stop shop for investment.

With regards to training, Chairman Wickramarathna said, “I believe in the long term retention of employees, hence we recruit them young and train them on the job to gain experience and exposure under our skilled senior staff”.

Global Housing and Real Estate [Pvt] Ltd caters to the style-conscious traveler in some of the most sought-after destinations in Sri Lanka whilst generating revenue and value for its investors and owners. “We also intend expanding to Ella and Trincomalee as with the development of the highway network, it makes it worthwhile to interconnect all our properties which are within minutes of the highways”.

Ocean Breeze residencies in Negombo and The Kingdom in Sigiriya too will commence commercial operations this year.

Despite Covid, the Global Group has confidence in the country’s economy and it’s resilience and we will continue our focus on the country ’s development,” said Mr. Wickramarathna.

Board of directors: M. D. D. P. Wickramarathna – Chairman/ Managing Director, Mrs. Wickramarathna – Director.

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CategoriesBlog Sigiriya

Top things to do in Sigiriya

Top things to do in Sigiriya

Sigiriya is an iconic destination in Sri Lanka that has been visited by thousands and thousands of locals and tourists to-date remains an architectural marvel, which is often considered to be the 8th wonder of the world. “Sigiriya Rock” is a landmark that boasts the irrigational, engineering and the remarkable architectural capacity of our ancestors. 

Climbing the Sigiriya rock is a must do if you are planning a trip to Sigiriya. However, if you are seeking for more information about the surroundings, activities and some of the things to do in Sigiriya, here is a simple guide that will help you plan the trip better.

  • Climb Sigiriya Rock (Aka Lion Rock)

    Mandatory as it is one of the Top Attractions in Sigiriya. (Tip ⇒ Morning is the best time to climb the rock, as it is much cooler than it will be during midday)

  • Visit the Pidurangala Rock

    Another interesting climb and the beauty is you will see Pidurangala situated right next to Sigiriya Rock and it hold its own beauty once you climb to the top.

  • Visit the Sigiriya Museum

    Visit the museum to learn more about the historical importance of the Kingdom of Sigiriya.

  • Visit the Minneriya National Park

    (This is your cue to visit a national wildlife park while you are in Sigiriya. Experience the wildlife (elephants) in Sri Lanka.

  • Cycling Tours

    You can take your own Cycling tour in Sigiriya by renting a bicycle for the day.

  • Hot Air Ballooning

    If you are in the mood for an extraordinary experience, try the hot air balloons in Sigiriya. The Sri Lankan ballooning season is from November to April and is definitely one of the most unique things to do in Sigiriya.

  • Visit Historical Buddhist Temples

    You can also visit Dambulla Cave temple, Anuradhapura and Polonnaruwa (but will include a drive of about an hour). These three places hold very significant importances in Lanakan history.

These are some of the top things one can do in Sigiriya.

When looking at the accommodation options, there are tons of hotels, hostels, resorts and apartments available in and around Sigiriya depending on your requirements. Team at Global Housing and Real Estate (Pvt) Ltd understands the requirements of the visitors and carefully curated our latest project “The Kingdom”. It is one of the largest real estate projects in place that is designed purely for leisure as a means of escape from the chaos; perfect for those who seeking a Luxury Hotel Residency in Sri Lanka. We recommend you give “The Kingdom” a chance and you will be mesmerized.

 

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CategoriesBlog Nuwara Eliya

Top things to do in Nuwara Eliya

Top things to do in Nuwara Eliya

“Nuwara Eliya” A beautiful city offering landscapes of beautiful lush greenery, a temperate climate (the closest to winter Sri Lanka will have) and many picturesque waterfalls in the central hills of Sri Lanka. This city is a blessing in disguise and one of the popular destinations for both foreigner and locals to escape from the ever so tropical island life.

Despite being a small city there are a variety of places to visit and things to do in Nuwara Eliya and the list unfolds from sightseeing, botanical garden visits, hikes, and beautiful temple visits etc. Some of the Top Attractions in Nuwara Eliya are; Horton Plains National Park, Bluefield Tea Gardens, Gregory Lake, Lover’s Leap Falls, Sita Temple, Pedro Tea Factory, Shri Bhakta Hanuman Temple, Hakgala Botanic Gardens, Bomburu Ella Waterfall, Victoria Park of Nuwara Eliya, Ambewela Farms, St Clair’s Falls, Moon Plains, Devon Falls, Damro Labookellie Tea Center and Tea Garden.

The beauty of this city is that it has something to offer to everyone. A Stroll in Victoria Park and a little picnic, A Boat ride in the Gregory Lake or even a trek to Horton falls. Another exciting thing around Nuwara Eliya is for the Waterfall Junkies; it is the perfect place to go hunting for waterfalls and you will never know what you will stumble upon. Hidden jewels of beauty in the hills.

Traveling to Nuwara Eliya means you must do at least a stayover to enjoy the city at night and to experience the weather and what the city has to offer you. In the past the tendency of all travelers both foreign and locals was to stay over at hotels and holiday homes but with the real estate market taking an unexpected turn in Sri Lanka there have been some amazing projects that have and are coming up in the hill country offering traditional Apartment, Hotel Residency or Mixed developments. This has been a game changer in the real estate world and for tourists and locals as well.

Being the Number 1 Hotel Residency Developer in Sri Lanka at Global Housing and Real Estate (pvt) LTD, our newest development in the hill country is Grand Residencies – Nuwara Eliya. The Property is developed in a perfect serene location with a charming natural landscape that harmoniously combines with the temperate weather to create the perfect getaway for our clients. 

It is the perfect combination where Leisurely indulgence meets luxury and modernity making it perfect sense for seasoned investors or first-time buyers. With this development coming into place Nuwara Eliya has become a perfect destination for Leisurely travels, explorations and even for residence purposes (for those who want to get away from the city life)

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