The government's approval to begin procurement for the first phase of the Ruwanpura Expressway has prompted property analysts to forecast significant increases in land values across the route, particularly in areas like Ingiriya and surrounding regions.
The approval of the Ruwanpura Expressway's first phase has prompted property market analysts to predict a surge in land demand and values along the corridor connecting Kahathuduwa to Ingiriya. According to LankaPropertyWeb, improved connectivity through the expressway is expected to reshape investment opportunities across the proposed route, with areas adjoining the corridor such as Polgasowita, Gonapola, and Horana emerging as potential growth zones.
Historical data suggests strong momentum already exists in key locations. Between 2017 and 2025, Ingiriya experienced a sevenfold increase in average land asking prices, rising from Rs. 49,363 per perch to Rs. 344,850 per perch. During the same period, Padukka saw a 151.3% increase, outpacing broader market growth in Colombo District and Kalutara District. LankaPropertyWeb attributes this performance to established demand for improved accessibility and proximity to employment centres and commercial hubs.
The analysis draws parallels with the impact of previous expressway developments. The Southern Expressway interchange at Kahathuduwa transformed the area into a sought-after suburban location through residential and commercial activity growth. Similar dynamics are anticipated along the Ruwanpura corridor, with Ingiriya positioned as the next major beneficiary due to its status as the first phase's endpoint. The expressway is also expected to unlock opportunities across Kuruwita, Ratnapura, Pelmadulla, and areas further south such as Badulla as subsequent phases progress.
LankaPropertyWeb representatives emphasised that projections are based on historical market trends rather than speculation. They noted that strategic land investments in high-growth corridors have historically delivered substantial long-term returns compared to alternative investment vehicles. However, the company acknowledged that actual performance will depend on successful project implementation and prevailing economic conditions.
