20-Acre Development Opportunity in Kandakalle Estate, Lunuwila
€1,114,000€28/m²
Lunuwila, Sri Lanka
40,467 m²
interior
40,467 m²
plot
Land
property type
7 Jul 2026
listed
The Habio take
AI summaryThis expansive 20-acre plot of land in Kandakalle Estate, Lunuwila, offers a unique chance for investors to create a sustainable development. The area is known for its beautiful greenery, providing a serene escape while being conveniently located near essential amenities and cultural attractions.
- countryside
- investment
- garden
- quiet
Highlights
- 20 acres of contiguous land
- Individual titles for two 10-acre plots
- Potential for sustainable development
- Existing five-bedroom house for renovation
- Close to amenities and cultural sites
- Tranquil natural setting with coconut trees
Worth knowing
- Requires development planning and investment
- Existing house may need significant renovation
Good fit for: Ideal for investors and developers looking to create a sustainable project in Sri Lanka.
Lifestyle scores
- Beach
- 50
- Walkable
- 40
- Remote work
- 60
- Family
- 55
- Retirement
- 70
- Airport access
- 60
- Investment
- 75
- Luxury
- 50
- Value
- 70
About this place
This remarkable offering comprises two individually titled 10-acre plots of land in Kandakalle Estate, Lunuwila, set amidst lush greenery and a thriving coconut plantation. Lot 1 features a single-storey, five-bedroom house with potential for renovation, along with a lounge, veranda, kitchen, pantry, and dedicated areas for both indoor and outdoor cooking. It includes a shared bathroom and an en-suite, perfect for family living and entertaining, as well as a private garage, summer hut, and watcher’s hut for added security.
The vast land surrounded by mature coconut palms provides ample opportunities for sustainable development. Each block maintains a rectangular shape, allowing for efficient planning, ideal for eco-villas, wellness retreats, or agricultural initiatives. The natural serenity coupled with the potential for sustainable practices promises to appeal to environmentally conscious buyers and developers.
While Kandakalle Estate is a tranquil retreat, it is also strategically located near necessary amenities such as shops and healthcare. The rich cultural experiences of Sri Lanka's North Western Province are within reach, making it not just a land investment, but an opportunity to foster a community that cherishes both modern living and nature.
Buying Property in Sri Lanka
Foreign buyers in Sri Lanka are primarily allowed to purchase condominium units, while direct ownership of land is prohibited but can be leased. Buyers should budget for additional costs such as stamp duty, VAT, and legal fees, which can add significant amounts above the purchase price.
Regional regulations can vary and updates to laws are common.
Notably, a 100% foreign buyer tax on apartment purchases was introduced in 2023.
Sources consulted (2026-07-27): - Legal FAQ | LiveInLanka: https://liveinlanka.com/en/legal-faq?utm_source=habio - Can Foreigners Buy Property in Sri Lanka | Legal Guide | JUSTICE - justice.lk: https://justice.lk/law/foreigners-property?utm_source=habio - Essential Legal Documents Required to Buy Property in Sri Lanka: A Complete Guide for Local and Overseas Buyers | CeylonLanka.info: https://www.ceylonlanka.info/2025/11/essential-legal-documents-required-to.html?utm_source=habio - Real Estate Guide Sri Lanka: https://multilaw.com/Multilaw/Multilaw/RealEstate/Real_Estate_Guide_Sri_Lanka.aspx?utm_source=habio - Sri Lanka Stamp Duty Calculator 2026 - Property Transfer Tax & Foreign Buyer Rules | Tools.RealEstate: https://tools.realestate/s/global/general/srilanka-stamp-duty?utm_source=habio
Always confirm current requirements and obtain guidance from qualified local professionals.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
