nalanda-gate Colombo 10
nalanda-gate-colombo-10 Colombo 10
nalanda-gate-living-room Colombo 10
nalanda-gate-dining-room Colombo 10
3+

Nalanda Gate

By 88th Developers
Icon
Colombo 10

TOTAL UNITS

8 Floors, 40 Units

UNIT SIZE

332 - 1,425 sqft

LAUNCH DATE

August 2021

PROJECT STATUS

Ready

PRICE RANGE

LKR 31m - 85m

Nalanda Gate, located on Kithyakara Road, Colombo 10, close to Baseline Road and Borella, is a residential building featuring eight floors with 40 apartment units. The building offers a range of options, including studio apartments, two-bedroom units, and more spacious three-bedroom apartments. Residents enjoy a fine balance between contemporary facilities and elegant designs, with nine different floor plans ensuring that homebuyers can find a layout that suits their current lifestyle needs.


Colombo 10 is a central location, just 10 minutes from Colombo Fort. The ease of access to Baseline Road means that reaching other parts of the city is relatively quick and convenient. The building is within walking distance of the National Hospital of Sri Lanka, and other reputable healthcare providers like Lady Ridgeway Hospital and Asiri Central Hospital are also close by. For families with school-going children, this area is an ideal location with several well-known schools, including Asoka Vidyalaya, St. Joseph's College Colombo, Ananda College, and Zahira College Colombo. Colombo 10 is a bustling commercial area, abuzz with local markets specialising in fresh produce, spices, furniture, textiles, and accessories.

Investing in a central area like Colombo 10 is a strategic decision due to its steady rise in land prices. As Colombo continues to urbanise and commercialise, the demand for property in this prime location is growing, making real estate here increasingly valuable. Owning land in Colombo 10 today is akin to holding a treasure, with the potential for substantial long-term returns as demand escalates. Investors stand to benefit from rental income as the area becomes more populated and commercialised, creating a continuous cycle of growth. The steady appreciation in land value ensures that this investment not only secures a profitable future but also offers ongoing income opportunities.
Read more
plus icon

Amenities

Parking Space
Waste Disposal
Air Conditioning
Gymnasium
Fire Detection & Safety
Power Backup
Elevators
CCTV Security
Gated Security
Hot Water System
Clubhouse

Highlights

Prime location, only 10 minutes from Colombo Fort
Long-term returns and rental income opportunities
Close to hospitals, schools, and local markets
Rising land prices due to commercialisation
Studio, two-bedroom, and spacious three-bedroom units available

Explore Neighbourhood - Map View

Icon

Colombo 10 Area Guide

Colombo 10, prominently known as Maradana, is a key locality in Colombo, Sri Lanka, celebrated for its historical significance and vibrant cultural tapestry. This district is a bustling hub of activity, distinguished by its mix of colonial heritage buildings and modern infrastructure. Maradana is notable for its educational institutions, including several prominent schools and colleges that contribute to its reputation as an educational centre. The area is well-connected by public transport, with numerous bus routes and the Maradana Railway Station providing easy access to other parts of Colombo and beyond. Landmarks such as the historic Maradana Technical College and the Ananda College add to the locale's rich cultural heritage.


The economy of Colombo 10 is dynamic, supported by a variety of businesses, from traditional marketplaces to modern commercial establishments. Its connectivity is enhanced by major roads and railway links, making it a convenient location for residents and businesses alike. Socially, Maradana is a melting pot of ethnicities and religions, reflecting the diverse fabric of Sri Lankan society. However, like many urban areas, it faces challenges such as congestion and the need for urban redevelopment to improve living and environmental conditions.
Thumbup

What’s great here?

Exceptionally well-connected, benefiting from its central location within Colombo.
Features numerous bus routes and the Maradana Railway Station, facilitating easy travel throughout the city and beyond​​.
More
Thumbup

What needs attention?

While well-connected, Maradana can experience significant traffic congestion due to its role as a transit hub.
Improvements in public infrastructure and more accessible recreational facilities could lead to enhanced daily living.
More

Colombo 10 Neighbourhood Rating

3.9

out of 5

Developer

88-th-developers
88th Developers
TOTAL PROJECTS
67

88th Developers, the flagship venture of the SBT team, is deeply rooted in the wealth of expertise and diverse experience gained in the Sultanate of Oman. Founded by Director Sunil Perera, 88th Developers was established to address a growing market need for investment-oriented property development in Sri Lanka.


The company not only creates employment and contributes economic value locally but also secures much-needed foreign direct investment. Over the past five years, 88th Developers has become synonymous with world-class design, purpose-built commercial and residential spaces, high-value locations, and market-leading investment potential.
Read more
plus icon

Similar Projects in Colombo 10

View All

Property Price Trends in Colombo 10 for

Buy
Rent
Bedrooms:
Average Price (Last 12 months)
Rs. 38,605.81 sqft
Past 12 months' growth
94.97%
Positive Trend
Past 3 months' growth
-16.52%
Negative Trend
Icon
Price information is based on historical data from ads posted on ikman and may not reflect the full market dynamics.
hero

Sell or Rent Fast on ikman: Post Your Property in 2 Mins!