0%personal income tax · corporate tax holidays up to 15 years · Port City ColomboSee the numbers →
Real Estate

Own a sea view home an hour from India.

Yes, Indians can buy here. Condominiums outright, land on long lease, and Port City apartments inside a special economic zone. Prices in Colombo sit well below Mumbai, Bengaluru and Dubai for comparable sea facing stock, and a USD 100,000 property investment can anchor a renewable 5 year residence visa.

The rules, without the fog

Can do

What Indians can buy

  • Condominium units above ground floor, owned outright, paid fully by inward foreign remittance
  • Land on long lease, commonly up to 99 years
  • Property through approved company structures, with local legal advice
  • Apartments inside Port City Colombo under the SEZ framework
  • Shares of listed Sri Lankan property companies
Cannot do

What stays off the table

  • Freehold land in your own name as a foreigner
  • Freehold land through a company that is 50% or more foreign owned
  • Local bank mortgages as a non resident; plan to fund from India or abroad
  • Paying in cash outside banking channels. Everything flows through an Inward Investment Account

Rules summarised from the Land (Restrictions on Alienation) Act and 2026 practice. Always confirm with a licensed Colombo property lawyer. We introduce you to ours.

Three ways Indians are buying in 2026

Yield

Colombo sea facing condos

Two and three bed units in Colombo 3, 4 and Dehiwala, bought for dollar linked rental yield from expats and long stay tourists. Entry from around USD 150k.

Trophy

Port City apartments

New builds inside the SEZ with its own regulatory regime and marina lifestyle. The long game on South Asia's newest address. Entry varies by tower and phase.

Lifestyle

South coast villas on lease

Galle and Weligama villa plays: long lease land, build or renovate, run as a boutique rental when you are not there. The Bali playbook, 4 hours closer to home.

The investor visa angle

Invest USD 100,000 or more in qualifying property through an Inward Investment Account and you can apply for a renewable 5 year residence visa. Larger investments unlock longer options. For families wanting a second base near India, this is the cleanest route on the table.

How a purchase actually runs

Shortlist and inspect

We send a vetted shortlist with real prices and rental histories. You fly in for one inspection weekend, or we video walk every unit.

Legal check

Independent lawyer verifies title, condo plan approval and developer standing. Non negotiable, and it costs less than you think.

Money moves correctly

Funds come from India via banking channels into an Inward Investment Account, keeping your repatriation rights clean and your CA happy with FEMA.

Transfer, register, hand over keys

Deed executed, registered, and if you want, our partner starts renting it the same month.

On film

Think School, Sangakkara, and the case for buying.

Kumar Sangakkara Reveals: Why Sri Lanka Could Be the Next Big Real Estate OpportunityThink School · 9K views
Colombo Port City Beach Plaza: Full Walking Tour 2026Walking Pixels 4K · 34K views
This Doesn't Feel Like Sri Lanka: Port City Colombo 2026 in 4KThe Walk Around The World · 27K views

Want the current shortlist?

We track every Colombo and south coast project worth an Indian buyer's time. Prices, yields, red flags.

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