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Unlock the real estate potential of Moratuwa

Moratuwa is a coastal suburb located in the south of Colombo. Although previously overlooked when considering as a property investment option, recent developments and market insights have considered it to be a suitable suburb for residential living as well as for its commercial ventures. 

Commercial and Residential Potential:

Moratuwa is rich in its economy, mostly famous for its furniture business, rubber products and wooden handicraft. Due to these thriving industries, it creates a space for high commercial demand in the location. It is a location also credited for its natural beauty such as the coastal views, Lunawa Lagoon and Bolgoda Lake. Moreover since the suburb is situated not more than 45 mins away from Colombo city , its quiet environment and affordability makes it suitable for residential living.

Investment Potential: 

According to the recent data on LPW and Ikman, the land value in Moratuwa can range from 1.6M to 2.5M per perch given its location, and sometimes even less. According to Newswire (2021), It is also decided by the government  to extend the Marine drive from Dehiwala station to Panadura. In result, benefiting the ease of transport from Moratuwa to Colombo, as well as contributing to future appreciation of the property market. 

 Rental Opportunity:

Given the commercial nature of the suburb and the educational demand due to the University of Moratuwa and excellent schools in the neighborhood there is a considerable rise in the demand for rental properties in the area, giving an opportunity for investors to earn a rental income. 

Moratuwa, once a hidden gem, now beams with promise, due to its diverse appeal, natural bounty, affordability and  recent progressions within the community and infrastructure. 

By Nishadi Wagawatte