Sri Lanka, May 7 -- A residential oasis Rajagiriya, once a quiet Colombo suburb was initially
flagged in the RIUNIT Real Estate Market report in 2014 as having one of the highest growth potentials amongst all the suburbs in the Western Province.
Since then, the area has consolidated its position as a high-growth real estate hub, leveraging its strategic urban proximity and infrastructure-driven transformation.
During the last decade, 2000 apartment units have been added to the Rajagiriya real estate market. With average apartment prices reaching $183 per sqft (Tier 2) and $123 per sqft (Tier 3) by Q4 2024, Rajagiriya outpaces other suburban markets like Dehiwala ($163 Tier 2, $114
Tier 3), reflecting its premium appeal. Absorption rates...