Sri Lanka's property market is feeling a peace dividend as Indian companies eye the potential of the island.
L&T, Omaxe and Puravankara Projects are among those lining up to build projects, anticipating an economic surge in Sri Lanka expected to happen after a bloody war. They are planning to build shopping complexes, residential homes and much more.
Sri Lanka, with hundreds of kilometres of beaches, hill-top plantations and a treasure of history from the ancient pandyas to portugals, is taking baby steps to revive its battered $40-billion economy. Delegates from the Sri Lanka board of investment met with executives from Omaxe in New Delhi and others seeking investments and have liberal rules governing businesses.
Times of India