New transport interconnections to boost property values in Koswatta
Koswatta in Battaramulla is one of the fastest developing commercial and residential areas in the Colombo District. Land values in the area have been steadily rising over the past several years reflecting the general eastward trend in Colombo’s urban sprawl. “Urban Homes Koswatta,” a condominium project by Fairway Holdings, is nearing completion and offers prospective homeowners a luxurious lifestyle at an affordable price.
The condominium reflects Fairway Holdings’ trademark straight-line architecture and minimalistic design, optimum use of space and use of natural light wherever possible. Every effort has been made to combine comfort and safety with state-of-the-art convenience. All living areas within the apartments are equipped with inverter air conditioners and ceiling fans. Fire rated doors have been used for all the main doors and public areas. Each apartment is provided with fully fitted imported kitchen cabinets with a stand-alone oven and hob. Backup generators ensure an uninterrupted power supply.
The common amenities at Urban Homes Koswatta include a full length swimming pool, kiddies’ pool, gymnasium, function hall, rooftop terrace and kids’ play area. The condominium contains 250 apartments and is situated on 1.7 acres of land, making it a large scale project that ensures greater sustainability in terms of development and maintenance. The environmentally friendly material and technology used in construction guarantee sustainable and responsible living blended with modern comfort. Urban Homes Koswatta therefore is the ideal choice for all those who are looking for a modern, luxurious lifestyle away from the city, but not too far away!
While Koswatta is presently well served with popular schools, banks and supermarkets – outlets from all four leading supermarket chains are located nearby – it is now poised to be a part of a new phase of infrastructure development which is bound to make it a still more attractive place to live in.
A major infrastructural undertaking in the pipeline is the proposed Light Rail Transit system from Kaduwela to the Colombo Fort Monorail Station. Koswatta is to be a key station on this route. The expected travel time that can be saved by using this travel option instead of a vehicle is substantial and it would clearly be welcomed by commuters who are otherwise compelled to waste hours in traffic on a daily basis.
In addition, the proposed Elevated Highway Project from Athurugiriya to Colombo Fort, designed jointly by the Ministry of Megapolis and the Ministry of Highways, shows Koswatta as one of the entry points. This Elevated Highway will connect to the Colombo Outer Circular Expressway and also to the Katunayake Expressway. Accordingly, Koswatte will eventually be fully integrated into Sri Lanka’s Expressway system thus providing for speedy and traffic-free travel to most destinations in Sri Lanka. It should be noted that residents of Koswatta will have entry into Sri Lanka’s Expressway system virtually at their door step!
These new transport interconnections will, without a doubt, result in a significant increase in Koswatta’s land value thus making investment in any kind of property at this location highly profitable.