Aerial view of a palm-lined beach and turquoise sea on the coast of Sri Lanka

Luxury villas in Sri Lanka Sri Lanka, reimagined in gold and glass.

Your trusted local partner for villa ownership, investment and custom builds across the island.

Buy a villa Build your villa Invest with us Retire with us Villa turnover

Our approach

Own a piece of paradise, structured for foreign investors through transparent joint-venture partnerships with Sri Lankan citizens.

Why Sri Lanka, why now

The numbers speak for themselves.

Sri Lanka is at an inflection point. Tourism is recovering strongly, land values remain accessible, and the regulatory environment is opening to structured foreign investment.

2.1M+

Tourist arrivals (2025)

+245%

Tourism revenue growth

8%

Average rental yield

60%

Lower cost of living vs UK/EU

01

Design

Architect-led villas blending local materials with contemporary form.

02

Build

Partner architects, engineers and builders, with the whole process run by our own team.

03

Invest

Structured JV ownership for foreign capital. Full legal clarity.

Building a home or a hospitality business?

The joint venture structure.

Whether you are building a private residence or a hospitality venture on the island, we are your partner from the ground up: local knowledge, operational expertise and a transparent financial structure designed for Sri Lanka.

51 / 49

Local-Foreign Ownership

Sri Lankan law requires a minimum 51% local shareholding for a company to hold freehold land title. The foreign partner holds 49%. The land is registered in the company name, not personally, giving the structure full legal standing under the Land (Restrictions on Alienation) Act.

Freehold

Land Held Under Company Name

The joint venture company acquires the land freehold. This is the only legally recognised route for a foreign national to benefit from freehold land ownership in Sri Lanka. The title is clean, registered, and protected by the company's shareholder agreement.

BOI

Regulatory Framework

Projects are structured in compliance with the Board of Investment of Sri Lanka (BOI) Act, the Companies Act No. 7 of 2007, and FIAC guidelines. Capital repatriation is facilitated through established Central Bank of Sri Lanka channels.

50 / 50

Long-Term Profit Sharing

Once the investor's principal is fully recovered, the venture transitions to a permanent 50/50 profit split, directly reflecting the underlying legal equity structure. Both partners grow together from that point forward.

The return structure

The simple 100% payback waterfall.

Most private investors funding a project abroad prefer simplicity over complex multi-tier formulas. This structure is designed to be exactly that: transparent, clean and fair to both sides.

  1. 01

    Operations First

    All running costs are settled first: staff wages, maintenance, utilities, insurance, and the local partner's management fee.

  2. 02

    100% Sweep to Investor

    100% of the remaining net cash flow flows directly to the foreign investor until the full principal is recovered.

  3. 03

    The Stop Trigger

    The 100% sweep stops the exact day cumulative payouts equal the investor's original capital contribution.

  4. 04

    The Permanent Flip

    From that moment, the deal flips permanently to a clean 50/50 split, reflecting the underlying legal equity held by both partners.

The full model, including worked examples, legal references and return projections, is explained on the joint venture page.

This is not financial advice. Consult a qualified financial professional before making any investment decision.

How the model works

Our story

Built from the ground up in Sri Lanka.

Portrait of Keshan De Mel, Founder and CEO of The Ceylon Villas & Co.

Keshan De Mel

Founder & CEO

LinkedIn ↗

Founded by Keshan De Mel, a Sri Lankan who believed international buyers deserved a partner who understood both worlds.

What began as a single villa project in Kalutara is now a full-service platform: sourcing land, designing and building homes, and guiding investors through every stage of ownership.

He reads a villa the way a guest does, not just the way a developer does.

More than a decade of experience in luxury hospitality

  • Heritance Hotels & Resorts
  • Shangri-La Hotels & Resorts
  • Anantara Hotels & Resorts
  • Accor · FIFA World Cup Qatar
  • RIU Hotels & Resorts

What we stand for

Company values.

These are not aspirations. They are the standards we hold ourselves to on every project, every day.

LAND TITLEJV STRUCTURERETURNSRISKS

01

Radical transparency

We share the full picture: land titles, joint-venture structures, projected returns, and risks. No surprises after the contract is signed.

LANDOWNERSARCHITECTSAUTHORITIES OUR TEAM

02

Local depth

Our team has spent decades building relationships with landowners, architects, and local authorities across Sri Lanka. That access is yours.

LAND SEARCHDESIGNBUILDAFTER THE SALE WE STAY INVOLVED →

03

Long-term thinking

We are not transaction brokers. We stay involved from land search through design and build, because our reputation depends on what happens after the sale.

YOUCEO DIRECT LINENO CALL CENTRE

04

Personal accountability

Every project is reviewed by our CEO personally. When you have a question, you reach a decision-maker, not a call centre.