Diriya Urban Housing Programme I

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.

Stage I

Intention of the Programme Conversion of substandard housing units into standard housing units in urban areas declared by UDA
No of Beneficiaries 255
Selection of the Beneficiaries Beneficiaries were selected by considering the following criteria

  • Possession of a land
  • No access to formal financial institutions i.e who fail to provide evidence of  formal & regular income

Beneficiaries were selected from divisional secretariat of Kaduwela.

Date of Commencement August, 2012
Date of Completion December, 2013
Maximum Loan Amount (Rs. Mn)

Interest Rate

Loan Maturity Period

Rs. 300,000/- with technical assistance

10% p. a

( interest rate per annum was decided considering the  inflation rate & administrative expenses)

12 years

Budgetary Allocation – 2012


Rs. Mn 40.00

Rs. Mn 12.00

Current Status Programme was completed benefiting 255 households at a cost of Rs. Mn 52.00

Stage II

Target No of Beneficiaries 260
Selection of the Beneficiaries Housing requests of the public received through Ministry
Date of Commencement October, 2014
Target Date of Completion 2015
Maximum Loan Amount (Rs. Mn)
Interest Rate
Loan Maturity Period
Rs. 200,000/- with technical assistance and improvement of living conditions through Human Development Programme
( interest rate per annum was decided considering the inflation rate & administrative expenses)
10 years
Budgetary Allocation – 2014 (Rs. Mn) 38.0
Current Status

  • 180 loans have been issued at a cost of Rs. Mn 38.0
  • The stage II of the programme was implemented in Sri Jayewardenepura Kotte, Homagama, Kesbewa, Maharagama, Thimbirigasyaya, Kaduwela, Avissawella, Dehiwala – Mountlavinia, Moratuwa & Kolonnawa

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