Diriya Urban Housing Programme II

Diriya 2

Diriya Urban Housing Programme was started with the intention of converting the temporary and partially constructed housing stock in urban areas into the standard housing stock. Under the first phase of this programme, housing loans amounting to Rs. 52.00 million has been granted to 255 beneficiaries in the Kaduwela Municipal Council area. 180 beneficiaries from the urban areas of Colombo district were selected under Phase II of the project and a financial provision of Rs. 38.00 million has been received to grant them housing loans.

Name of the project DIRIYA URBAN HOUSING LOAN PROGRAMME STAGE II
Province Western
Project Location Sri Jawardhanapura Kotte, Homagama, Kesbewa, Maharagama, Thimbirigasyaya, Kaduwela, Avissawella, Dehiwala-Mount lavinia, Moratuwa & Kolonnawa Municipal Council and Urban Council areas
Housing Typology Single Housing Units
No. of Housing units

260

Investment Rs.Mn 38.00
Maximum Loan Amount (Rs. Mn) Rs. 200,000/- with technical assistance
Interest Rate  6%
Loan Maturity Period 10 years
Date of Commencement October, 2014
Date of Completion November, 2015
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