The Groundworth Group has introduced “Urban One by Groundworth,” an upscale land development initiative located in Pittugala, Malabe. This project is strategically positioned within a vibrant hub for information technology and education, offering just 17 residential plots. Urban One is conveniently accessible via two interchanges on the Outer Circular Expressway and is in close proximity to educational institutions, healthcare facilities, retail outlets, and essential services, making it an attractive option for residential purposes as well as long-term investment.
Urban One is nestled in a swiftly developing residential area, ensuring residents benefit from easy access to significant commercial and educational sites in Malabe. The Kaduwela Interchange, serving as a connection point between New Kandy Road and the Low-Level Road to Colombo, is located approximately 4 kilometers from the site. Additionally, the Athurugiriya Interchange on the Outer Circular Expressway (E02), which provides direct access to the Southern Expressway, is only about 2 kilometers away.
Kasun Andrahennadi, the Managing Director and Co-Founder of Groundworth Group, remarked on the launch, stating, “Urban One integrates essential elements that render a location suitable for both living and investment—such as accessibility, closeness to educational facilities, and everyday conveniences, all within a neighborhood that is continually evolving. We have crafted a unique opportunity for buyers to either build their dream home or invest in an area supported by Malabe’s expanding IT and educational landscape.”
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Located roughly 1.5 kilometers from SLIIT, Urban One also lies about 1 kilometer from Pittugala Junction and Malabe Town, facilitating easy access to one of the region’s principal universities, thereby catering to the housing needs of both professionals and students. The development is situated approximately 3.5 kilometers from Gateway College, which is soon to open in Malabe. Nearby healthcare facilities include Medihelp Athurugiriya and Dr. Neville Fernando Teaching Hospital, located around 2.5 to 3 kilometers away. Retail options such as SPAR, Keells, and GLOMARK are approximately 1.2 kilometers from the site, along with various schools, banks, restaurants, and other daily necessities.
Urban One features land parcels beginning at 6 perches, ideal for residential construction, and is supported by well-developed access roads of 30 feet, along with electricity and piped water connections, and clear title deeds. This development caters to the growing demand in Malabe’s IT and education corridor while being set in a tranquil and rapidly evolving residential community. The starting price for land is LKR 1.85 million per perch.
Urban One by Groundworth is currently open for site visits, with a limited number of plots available for interested buyers.
Source: Financial Chronicle Biz English | Sri Lanka Business News.
