There is never a better investment than owning land

Transcription

1 CBH LANDS VICTORIA GREEN Homagama Pitipana Moragahahena Road 10 perch blocks 10 mins to NSBM 20 meters to the main road There is never a better investment than owning land 10 perch blocks Did you know that in a ten perch block, you can build a beautiful 3200 square feet two floor house and have a 4 perch garden? 10 mins to NSBM NSBM Green University intends to home 20,000 students by 2020, and the university is able to provide housing only for 500 students on campus. There's a tremendous demand for student accommodation. This property is ideal for a business venture as such. 20meters to the main road Moragahahena- Pitipana main road is designed to expand in to a 6 lane road by This property will not only increase in value, but will not face any issues with road expansions as it is not directly facing the main road. Affordable 10 perch blocks situated in Colombo district Only 18 km to Colombo Only Rs. 3.5 Million for an entire block

2 Infrastructure How it is built is always quite important, as that determines the strength and duration of a structure, because no one wants to deal with these issues on a day- to- day basis Y.A. Wijemanne Chairman, CBH Lands Purchasing a land from a private owner vs. a Real estate developer The main difference is the infrastructure. A private owner who sells a land will most likely be able to sell just a bare land. A buyer will have to do his or her own deed and folio search, hire a licensed surveyor to re-survey the property, apply for electricity, apply for water, and invest in building drains, and clean the access roads etc. Throughout our history, CBH Lands have focused in investing in property that we predict in appreciating in value in a short period of time, approximately in 2-3 years. When we searched for property in Homagama, we discovered that Pitipana South is considered a hot spot due to heavy government funded projects taking place in the recent past. NSBM Green University, SLT Data Centre, 2 Moratuwa University, and Mahinda Rajapaksa College are to name a few. To strengthen these new investments, the government has also designed infrastructure developments such as adding 4 more lanes to the main roads, acquiring private lands to widen roads, strengthening public transport, and bringing in technology. We truly believe that with the current infrastructure and the projected ones to come, this property will have a phenomenal return on investment by As a responsible Real Estate developer, CBH Lands have invested a substantial amount on developing Victoria Green project. First and foremost, we have extensively examined the deeds of the land and over 35 years of its folios to assure a clean title. To strengthen this further, we have tied up with NDB Bank as our financial partner for this project. CBH Lands have also obtained all government approvals for Victoria Green. How this is beneficial for you is that if you are planning to build a home today, all your infrastructure is in place right now. We have surveyed this property by a government approved licensed surveyor, clearly marked where drains should be, built the drains according to government standards, built roadways according the standards provided by the Pradeshiya Sabha, and is able to provide you your own plot with electricity and water access.

3 Investment No VAT% No NBT% No Income Tax No matter which business you are in, or how successful it is, if you apply for a business or even a personal loan for that matter, what is the first thing the banks ask for? Do you own any assets? Here is the thing about investing on property, the property itself can be held as collateral to go for a bank facility. We would say half of our customers purchase a land through a bank (Home) loan facility, or they would purchase it out right by paying cash and then keep that property as collateral to raise funds for their business or other needs. There are two main reasons why customers prefer a bank facility. First and foremost, it is a secure way of raising debt. Sri Lankan banks have the ability to hold property as collateral and release fund where a customer is still able to utilize the property concurrently. Therefore, a customer who goes for a 25 years loan for example, is able to pay a monthly mortgage and is still able to build a home, office or even use it for agriculture. Second reason why most of our customers prefer a bank mortgage is for added title security. Sri Lankan banks, extremely conservative finance institutions in the country, does at least a 35- year background check on the deed before approving a facility. The good news is that once this tedious process is completed, the deed is Clean, or in other words, the ownership is guaranteed to the buyer. This is an extremely safe measure especially if you purchase a land which you are planning to hold as an investment, or is not in close proximity to where you currently reside. 3

4 Perch price: LKR 399,000 Total number of perches: 10 (Per block) Total Investment: Rs M Payment options Full Cash payment Up to 2% discount on full cash payment. Total Investment: LKR 3.91 Million Easy Payment Option 1 40% down payment and the balance to be paid in 3 months 0% interest Easy Payment Option 2 70% down payment and the balance to be paid in 9 months 0% interest Easy Payment Option 3 40% down payment and the balance to be paid in 24 months. Interest rates apply. Bank Loan We provide all details and documents needed to apply for bank loans. We closely work with Pan Asia Bank Corporation, Sampath Bank, NDB, and Commercial Bank. All documents necessary such as Non- vesting certification, street line, folios of 30 years, deed and survey copies will be arranged for a nominal fee. 4

5 Your dream home in Colombo should no longer be just a dream. Call us today to learn more on finance options. Home Loan Rates Sri Lanka Real estate can not be lost or stolen, nor can it be taken away. Purchased with common sense, paid in full, and managed with reasonable care, it s the safest investment in the world Franklin D. Roosevelt Name of the Bank Interest rate per annum Number of years (maximum) Bank of Ceylon 11% 25 years Sampath Bank 12.5% 25 years NSB 13.5% 25 years HNB 14.25% 25 years Commercial Bank 14.5% 20 years Peoples Bank 14.4% 20 years Seylan Bank 14.5% 25 years Rates may change according government regulations. Example: If you purchase a 10 perch block at Rs 399,000 per perch; The total investment/ loan amount: Rs Million Loan term: 20 years Interest rate: 13.5% Your monthly installment in only Rs. 48,174.25* Bank conditions may apply* 5

6 CBH LANDS Sed nisl sapien, pulvinar ut, feugiat nec, porta non, odio. Vestibulum vehicula elit ut dolor accumsan dapibus. Block out Diagram illustration only CBH Lands a licensed Real Estate Developer and Realtor of Sri Lanka. Our primary objective is investment and sales across the country, especially within Kurunegala and Colombo Districts. All land developments and subdivisions are in accordance of residential and commercial with special emphasis on the ideal size and shape it suit customer needs. We are also proud of our own in- house land development, marketing and sales teams. If you have any questions, or comments, please feel free to contact us. We wish you all the very best on your next investments! CEYLON BRAND HOUSE PVT LTD Head office: 531, Sirimavo Bandaranaike Mawatha Colombo 14, SRI LANKA Content in this document may change according to market conditions and various other factors. For more information please contact us. Kurunegala office: 10, Kandy Road, Millawa, Kurunegala, SRI LANKA Facebook: CBHLands