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- Paragon Nawala
Paragon Nawala
TOTAL UNITS
UNIT SIZE
LAUNCH DATE
PROJECT STATUS
PRICE RANGE
Are you tired of moving houses and finally ready to buy your first home? Or, has your family grown and you want to upgrade your lifestyle? Maybe, it is none of these but you are a discerning investor, always on the lookout for lucrative real estate deals that will add handsomely to your property portfolio. Whatever your reason may be, hunting for the perfect property that fulfils your requirements is no easy feat. So, here are some crucial factors to consider.
The first is the developer and the property itself. Paragon Nawala is a mid-rise apartment with 32 units, spanning eight floors. These two- and three-bedroom apartments offer spacious living and dining areas, air-conditioned rooms, high-quality fixtures and fittings, as well as amenities that make life easier such as a swimming pool, a gymnasium, rooftop terrace, and stunning views. Backed by the reputation of Global Housing & Real Estate, a developer who has earned a reputation for luxury residential developments across key cities in Sri Lanka, this property comes with a promise of exceptional quality.
The next factor to consider is the pros and cons of the location. Nawala has emerged as one of Colombo's most coveted residential destinations. Its strategic location provides easy access to major areas like Colombo 7, Rajagiriya, and Nugegoda, making it ideal for those seeking proximity to the city without the hustle. The area is known for its well-developed infrastructure, including renowned schools, healthcare facilities, and shopping centres. Nawala’s leafy streets, low traffic congestion, and the presence of green spaces add to its appeal, making it an attractive option for families and investors looking for a peaceful yet well-connected neighbourhood.
Finally, what tops it all is the returns on investment. Since land value in Colombo and its suburbs continue to rise as the region urbanises on an unparalleled scale, owning real estate in prominent cities is a logical move for long-term investors. With Nawala’s allure as a residential area, the housing demand is not likely to diminish in the foreseeable future.
Amenities
Highlights
High investment potential with rising land values in suburbsLocated in coveted Nawala, close to key Colombo areasResidential areas attracting high-net-worth individuals Green spaces adds to the beauty of the surroundings Key amenities within 2 km Explore Neighbourhood - Map View
Nawala Area Guide
Nawala, once a quiet village on the outskirts of Colombo, has transformed into a bustling suburban enclave that seamlessly marries residential serenity with urban conveniences. Straddling the space between Colombo's commercial might and Kotte's administrative clout, Nawala offers a lifestyle coveted by many. Its evolution from sparsely populated lands to a dynamic neighbourhood reflects Sri Lanka's broader economic and social strides over the past few decades.
Amidst Nawala's urban development, the Nawala Urban Wetland Park stands as a verdant oasis, providing residents and visitors with a peaceful retreat. This park not only enhances the area's natural beauty but also serves as a vital green lung, promoting biodiversity and environmental sustainability within the bustling suburb.
Nawala's past, marked by its sparse population until the 1920s and framed by natural boundaries, holds a distinctive feature: an ammunition dump, with its bunkers still observable at the Nawala Cemetery. This historical aspect, alongside its transformation post-1977 economic liberalisation into a bustling residential and commercial hub, adds a unique layer to Nawala's rich history and development within Colombo.
Today, Nawala is celebrated as the ceramic capital of Sri Lanka, a testament to its commercial vibrancy and retail diversity. The streets are lined with an array of ceramic stores, alongside supermarkets, restaurants, banks, and more, catering to every need and whim of its residents. The culinary scene is particularly notable, with establishments like the Steamboat restaurant and the Sovereign German Restaurant providing diverse gastronomic experiences. This blend of amenities makes Nawala not just a place to live, but a place to thrive.
However, Nawala's charm extends beyond its commercial offerings. It's the balance of life here that truly stands out. Residents enjoy the proximity to the city's heartbeat without sacrificing the tranquillity typically reserved for more remote locations. This unique positioning makes Nawala a highly sought-after locale for both living and investment purposes.
What’s great here?
Close proximity to Colombo and its suburbs makes for relatively shorter commutes.Well connected via road, facilitating hassle-free accessibility to Colombo and its suburbs.
What needs attention?
Limited bus routes passing through the area and the lack of a railway station in the immediate vicinity makes daily commuting a challenge for those relying on public transport.A subtle rise in community safety concerns in recent times, likely influenced by the prevailing economic conditions.Nawala Neighbourhood Rating
4.4
Nawala Neighbourhood Rating
4.4
Developer
Global Housing and Real Estate (Pvt) Ltd, a distinguished member of the Global Group of Companies, excels in luxury apartment development and construction in Sri Lanka. Renowned projects like The Kingdom – Sigiriya, Marriott Residencies – Colombo 06, Grand Residencies – Nuwara Eliya, and Ocean Breeze – Negombo highlight its portfolio.
As Sri Lanka’s premier developer, it offers comprehensive property development services. It is dedicated to delivering innovative, value-added products tailored to market demands. With a business approach grounded in discipline and transparency, it has fostered enduring relationships over 18 years, earning an unshakeable reputation among high-net-worth individuals and both local and international investors.
Property Price Trends in Nawala for
