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CategoriesNegombo Blog

Things you can do in Negombo beach

Things you can do in Negombo beach

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“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

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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

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CategoriesInvestments Blog

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

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

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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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CategoriesNuwara Eliya Blog

Nuwara Eliya has become a paradise for motorsport enthusiasts

Nuwara Eliya has become a paradise for motorsport enthusiasts

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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

Jan 30 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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