Sri Lanka is making rapid progress towards economic development and the real estate industry is now counted as a major contributor to this development. It is after a lapse of nearly three decades, the country had gained the momentum and advances towards a better tomorrow. Hundreds of construction companies, both local and international are engaged in the construction industry with sound investments by which the country's economy is being strengthened day after day.
As a result of this healthier situation, the world now shows a keen interest to make substantial investment with a confidence of getting good dividends in Sri Lanka due to its ongoing socio economic stability and rapid economic growth. Global investors strive to make use of fresh opportunities by investing in Sri Lanka, which lies very close to one of the most sought after international sea trade routes.
Colombo City is recognized as the most suitable location to be South Asia region's commercial hub and it is cited as South Asia's cleanest and most livable location. With GDP per capita of the country, it is destined to reach the level of US$ 4,000 - 5,000 within the next three years, and the demand for real estates and properties in the country will boom and propelled by the US$ 40 billion mega redevelopment project that Colombo and its suburbs witness now under the ambitious Western Region Megapolis Project, Sri Lanka's grand strategy to propel the country to achieve its target to be 'A Developed Nation' by 2030 and gear the economy of this Indian Ocean Island economy towards ensuring an unprecedented GDP per capita of US$ 65,910 by 2050.
Similar to the emerging economies in China, Brazil and India, Sri Lanka has a wealthy middle class segment that can afford a lavish lifestyle. The government is determined to take the development to all parts of the country including the rural areas targeting to make this little island as the next Singapore.