Promoting SL condo projects to wealthy Indians seen as an effective currency generator – The Island

by Sanath Nanayakkare

Port City Colombo, spanning over 269 hectares of land reclaimed from the ocean, yesterday announced its Development Control Regulations (DCR) to be followed by developers, residents, investors and all other stakeholders using one of the plots in Port City Colombo.

“These development regulations are the most comprehensive rules in Sri Lanka, governing the intensity of development, structural configuration and height of buildings,” said the Colombo Port City Economic Commission.

“It serves as an effective planning tool to regulate development in a logical and orderly manner,” they said.

The Commission added: “These regulations are divided into 4 segments; Urban design, utility, landscape and sustainability. Development Control Regulations establish a framework for the development of building masses, land uses, solid void ratios, green and public spaces, localized features, network and utility use, and sustainability measures, among others.

“Sustainable solutions include ways to reduce net water consumption through the implementation of water conservation measures and the use of low-energy appliances, fixtures and fittings. water, while the use of renewable energy solutions, methods to improve the quality of the environment, wastewater recycling and disposal, the improvement of public space and sustainable transport methods, etc. have been taken into account and clear solutions have been included.

“The DCR plays a key role in realizing Port City Colombo’s vision of building a world-class city for South Asia, generating business, tourism and supporting a high quality of life.”

The Acting Director General of Colombo Port City Economic Commission, Dr. Priyath Bandu Wickrama, chaired the program and explained the importance of introducing regulations that can serve as a benchmark for other urban developments in Sri Lanka. .

These regulations were introduced by the project company, CHEC Port City Colombo in 2018. They were prepared by Singapore-based Subrana Jurong, one of Asia’s largest urban, industrial and infrastructure consultancies with technical support from the leading UK based engineering consultancy firm. Atkins.

They have been incorporated into the master plan for the port city which has been designed by a Swedish-based planning consultant, SWECO. The regulations were further assessed by the Sri Lanka Urban Development Authority and relevant government agencies before being published in the Official Gazette.

Regulatory guidelines provide landowners and developers with a clear picture of what can be developed on a particular parcel in the city.

Previous The edge | Nawawi Tie Leung Property Consultants Penang Housing Property Monitor (1Q2022): moderate performance in the secondary market
Next Vail approves purchase of two residential properties for deed restriction