President spearheads Randora Urumaya awarding freehold title deeds in Colombo

July 19, Colombo (LNW): President Ranil Wickremesinghe has announced a bold initiative to transform the Western Province into a major city capable of accommodating approximately 5 million people.

As part of this vision, the government is launching a revolutionary program to provide freehold land and housing rights to residents across villages, towns, and plantations. This initiative aims to alleviate the hardships faced by the country’s citizens by granting them secure property ownership.

The President made these remarks at the “Randora Urumaya” event, which was held on Wednesday afternoon at Sugathadasa Stadium in Colombo. During this event, 50,000 low-income families residing in flats in Colombo were granted freehold deeds.

Outlined in the 2024 budget proposals, the Urumaya programme aims to grant freehold land rights to 2 million people and full ownership of houses to 250,000 low-income families living in Colombo flats.

In the initial phase, 50,000 families will receive freehold deeds, with a total of 1,117 title deeds already awarded. This includes 937 houses from the Urban Development Authority and 180 houses from the National Housing Development Authority.

These “Randora Urumaya” title deeds will be distributed to residents of Mihindu Sethpura, Sirisara Uyana, Metro housing complexes under the Urban Development Authority, and 31 flats under the National Housing Development Authority.

Share post:

spot_imgspot_img

Popular

More like this
Related

CSE Expansion Drive Exposes Sri Lanka’s Missing Market-Driven Economic Strategy

Sri Lanka’s plan to expand stock market participation across...

Foreign Bond Sell-Off Exposes Sri Lanka’s Fragile Rupee Stability

Foreign investors have resumed selling Sri Lanka’s rupee-denominated government...

NPP’s Reform Promise Collides with Sweeping New Detention Powers

Sri Lanka’s proposed Prevention of Organised Crimes Bill has...

Japan’s Rs. 600 Million River Project Faces Sri Lanka’s Pollution Accountability Test

Japan’s commitment of more than Rs. 600 million to...