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Land Valuation Indicator (LVI) for Colombo District increased by 6.9 percent on a year-on-year basis during the first half of 2024.
All sub indicators of LVI, namely, Residential, Commercial and Industrial LVIs contributed to this increase recording annual increases of 8.5 percent, 8.5 percent and 3.7 percent. On a semi-annual basis, LVI and its sub indicators increased at a higher rate during the first half of 2024 compared to the values recorded in the second half of 2023.
It was observed that Industrial LVI increased at a slower pace compared to Commercial and Residential LVIs.
