Apartments for sale in Panadura & suburbs

Apartments for Sale in Panadura

Apartments for sale in Panadura are properties similar to luxury houses for sale. They offer 3-5 bed rooms, attached bath rooms and well equipped kitchen and dining areas. Most often these are fully furnished. The apartments provide common facilities such as a swimming pool, fitness centre and recreational area. Most of the modern housing units also offer luxury specs and well-designed interiors. Apartments for rent in Panadura also serve as commercial spaces, especially if located closer to the main roads. Panadura is a calm seaside town on Galle Road, well known for its Bolgoda Lakeside. It attracts a great deal of interest from the hospitality sector. But the majority of real estate demand comes for houses for sale in Panadura. This is because traditionally ownership of houses are preferred compared to apartments. However this trend is changing in many cities. 

Houses for sale in Panadura offer serene neighbourhoods and easy access to a large number of leading schools, banks and supermarkets situated within a few km to Panadura town. There are many healthcare centres, including the Base Panadura Hospital. A constant train and bus service also passes through this town, connecting it to other important cities in the country. These features make this town popular. As Sri Lanka develops, the real estate value continues to rise. Hence alternate housing options such as apartments grow in the market. A newly built luxury apartment will be fully tiled with air conditioned bedrooms, large living, dining areas and a terrace. Car park and well-maintained gardens also often comes with an apartment complex. Most of these offer maintenance services too, making apartment lifestyle convenient over a 3 bedroom house.

Unlike apartments, lands for sale in Panadura are greatly demanded since these serve more uses. It can suit business needs to develop a factory or stores, or even a housing scheme. A 20 perches land within 1.5 km to the town may go for around Rs. 300,000 per perch. This price varies based on the location and neighbourhood. Lakefront properties are almost double the above market value. This makes sense as it is a real estate investment. It can generate a high revenue stream if put on the holiday and tourism market. Old homes with lands in Panadura are often sold too. However, the fast infrastructural development in most parts of the country affects the property prices. Situated in a pleasant region and being quite close to Colombo gives Panadura a great deal of advantage. As the population grows, so do the businesses.