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Kollupitiya Prime Land Lease Faces Controversy after Cancellation - LNW Lanka News Web
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Kollupitiya Prime Land Lease Faces Controversy after Cancellation - LNW Lanka News Web
By: Staff WriterDecember 15, Colombo (LNW): The re-tendering of prime land on Perahera Mawatha, Colombo 3, has raised questions about transparency and decision-making in Sri Lanka’s urban development landscape. The parcel, Assessment No. 135, initially leased to Global Leasing Limited in September 2024 for a mixed-use development, has been reclaimed by the government after the investor reportedly failed to meet contractual obligations.Global Lea…
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