Negombo, the largest fishing town and commercial city was accredited with an active culture, historical past, and natural beauty. It is situated 10 kilometers away from the Bandaranaike International Airport and 37 kilometers north of Colombo. Besides, the friendly atmosphere created by the beachside environment attracts foreigners and locals.
This city offers a unique blend of traditional and modern Sri Lankan culture. Its history draws back to the Dutch and Portuguese colonial periods. They built a few ancient landmarks in the city. Nowadays, Negombo is a popular tourist destination, where the real estate sector develops, with many investment opportunities.
In this article, you will find the details of why and where to buy a property in Negombo and the major suburbs to buy your property.
Why Purchase a Property in Negombo, Sri Lanka?
Glamorous Nature
Negombo is a blessed city surrounded by its natural beauty, making it a paradise for nature lovers. This city’s coastline is stretched with a golden beach that offers stunning views of the Indian Ocean. Those are especially suitable for swimming, sunbathing, and water activities. The beaches of Negombo are built behind coconut trees and fishing boats enhancing the beauty of Sri Lanka.
In addition to beaches, the Negombo Lagoon is also a special point of interest in Negombo. These are water bodies surrounded by mangroves, wetlands, and wildlife. These lagoons provide significant resorts for bird-watching and nature lovers that can be enjoyed through boating, fishing as well as ecological tourism.
Historical Significance
Rich history adds significant value to the real estate market. The city has been influenced by various colonial powers Portuguese, Dutch, and British leaving a legacy of historical sites and landmarks. Dutch Fort built in the 17th century is one of the most notable landmarks in Negombo. And the Dutch Canal, known as Hamilton Canal which is used for transporting goods is another historic site.
Further Negombo is influenced by Catholicism with numerous churches. St. Mary’s Church is one of the most beautiful churches with grand architecture.
Growth of Tourism
Negombo is among the most demanded tourist destinations in Sri Lanka since it holds the greatest proportion of tourist attractions that have been pulled in Sri Lanka as an investment in property territory. This city is preferred when it comes to traveling to the rest of the cities as it is close to the international airport. The nightlife, the beautiful sandy beaches, and the cultural diversity of the people make tourists drawn to the area.
We can observe a gradual increase in tourism here. It drives demand for accommodations, restaurants, and other services which gives strong investment opportunities for property owners. In Negombo investing in a villa, holiday homes, guest houses or hotels can be highly profitable, especially in areas close to the beach and other tourist destinations. The establishment of tourism in Negombo ensures that the property values remain robust with the potential for further appreciation as tourism continues to rise.
Future Growth and Development
In the coming years, Negombo is destined to expand with many development projects that will further add to the importance of Negombo as a property investment hub. The infrastructure of the city remains to be expanded and developed in terms of transportation and utilities. It increases the accessibility of the city through the planned Colombo – Katunayake express highway and based on the analysis it is predicted that travel time between Negombo and Colombo will be even more diminished.
In addition, there are several large-scale real estate projects including luxury commercial complexes and communities. These projects are set to transform Negombo to create new opportunities for investors. The growing tourism and population have increased the property values and quality of residential. Therefore, investment in this city will be a better investment.
Ideal Locations to Buy a Property in Negombo
Location in City Center:
When in need of commercial activities, schools, and transport, it is advisable to purchase property in Negombo city center. It is a busy area where one can easily find most of the business-related things like shopping centers, schools, hospitals, etc, and other modes of transport. The following are areas that provide both residential and commercial purposes.
- Kattuwa
Kattuwa is just near the main road. It is in the central part of Negombo Town. The properties available for rent in this area are different types of houses which are modern apartment buildings, townhouses, or typical Sri Lankan houses. Also, neighboring shops, restaurants, and other necessities such as schools and hospitals make it ideal for families.
- Dalupotha
This is another central place that joins the rest of Negombo. They are rapidly growing residential areas, which include existing buildings and more contemporary architecture. The other advantage of Dalupotha is its accessibility to public transport, shopping places, and schools from this area hence it is advantageous to the investors. Due to the demand for new-generation residential complexes, multi-story buildings exist in the area.
Beachfront Areas:
For those who would like to own houses along the coast, Negombo is best suited as it boasts of the coastal view and rapid development of the city’s beachfront. Below are a few areas on the beachfront.
- Lewis Place
Lewis Place is located along the main beach road which is the heart of Negombo’s tourists. This area is also filled with many hotels, restaurants, and shops which makes this area livelier and attracts more tourists and people around the city. It is possible to rent luxurious villas, and comfortable apartments of a modern construction situated within proximity distance from the sanatorium-station, and seashore.
- Ettukala
Ettukala is located north of Lewis Place. This area also offers peaceful and beautiful beachfront properties. Here you can find a lot of luxurious homes, separate villas, and many more which are used as luxurious hotels, for example, some of the most popular beachfront villas and boutique hotels. Convenience, a great view of the beach as well and the serenity that comes with the area make it strategic for the wealthy, who wish to live a rich coastal lifestyle.
Properties on the Lagoon side:
A feature within Negombo city is the lagoon and this is a good location for property investment opportunities in terms of the serene nature of the city. Here are the two most popular neighborhoods found along the lagoon that offer different competitive benefits to property investors.
- Pitipana
Pitipana located on the extreme south of the lagoon is best suitable for the view and the calmness. The area has turned into one of the preferred destinations for those in the coastal lifestyle business owing to the numerous classy and environment-friendly structures around the lagoon fringes. Pitipana is one of the finest places for visitors to indulge in water rafting, fishing, and kayaking. It is very quiet here and the geographic location provides a natural environment for those who wish to be free from a noisy and busy city life.
- Thalahena
Thalahena is in the lagoon on the eastern side. They are eco-friendly developments and sustainable initiatives are much more popular where the area is full of greenery, mangrove forests, and wetlands, which makes the place very attractive for nature lovers. Talahena has a vast choice of real estate offers starting from luxurious houses near the ocean to energy-saving houses that are built from natural materials.
Outskirts and Developing Areas:
There are a few outskirts and developing areas in Negombo that offer excellent opportunities for property investment. The below area provides much more affordable property options compared to other cities with significant potential for future growth and appreciation.
- Kochchikade
Kochchikade is slightly to the north of Negombo which currently is an upcoming suburb that has both residential and business sectors. Some of the new housing projects under construction include apartment buildings to cater to the need for affordable housing. Situated along the main road to Puttalam accessing the premises is facilitated by the availability of certain necessities such as schools shops and medical facilities. Kochchikade’s low price coupled with great prospects for development makes it a perfect investment for those who seek considerable outcomes in the long term.
- Katana
Katana is most suitable for investment in the area for land development for future use as well as for agricultural production. It is well located since it can be accessed through the main highways. The place is surrounded by lush green vegetation, paddy fields, and rural settings which is one of the most suitable places for those who seek peace in today’s busy world. Commercial spaces including catholic churches, traditional Sri Lankan houses, spacious extents for green businesses, residencies, or agricultural lands are available in Katana.
Wrapping Up
There is little doubt that Negombo must rank as one of the leading locations in Sri Lanka for real estate investment because of its location, nature, beauty, and cultural significance. A variety of investment opportunities exist in the city, these include lagoon homes, affordable land in growth-oriented suburbs as well as beachfront villas, and modern city apartments. These factors make property in Negombo have a potential for future appreciation in value because of the expansion of infrastructure, modernization, and tourism development in Negombo.
Please feel free to Contact us through a1.lk to search out the most appropriate place to purchase your property in Negombo!
