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A land deal that marks a milestone in the history of prime estate business

6 April 2016 12:00 am - 2     - {{hitsCtrl.values.hits}}

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If you heard that a 53-perch block of land had been sold for a price as high as Rs.530 million, you would surely presume it should be a block located in a commercial centre or a precious residential area in Colombo!

 


Well, if you presumed so, you are mistaken.


This precious piece of land is situated in a city in our upcountry renowned for its scenic beauty and cool climate. 


The tycoon who readily purchased this land which is currently the premises of a fuel-related business venture is said to be a member of a very high political family in the country.  He has picked this land as the site for a multi-billion venture he has planned to launch, they say.


According to the leaders of the country’s prime estate business, this land deal marks a historic occasion where a perch of prime land had fetched the highest ever price in our country!

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  Comments - 2

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  • Rationalist Friday, 15 April 2016 03:11 PM

    Oh Dear. Is it going to be another Environmental Disaster, with a Search for Oil?

    kumaran Friday, 15 April 2016 09:40 AM

    Why is DM scared to mention names and give specific details? This is very bad reporting. If you have the authentic news, report or depart


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