The Hon. Eranga Gunasekara
Hon. Eranga Gunasekara argued that the absence of clear regulation in the real estate sector has contributed to excessive increases in housing and land prices and enabled malpractice. He supported establishing the Institution of Real Estate Professionals of Sri Lanka as a regulatory and professional body to set standards, strengthen practitioners’ professionalism, and benefit the public. He urged Parliament to adopt the Bill.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Deputy Chairperson of Committees, please grant me another nine minutes.
¶ 02 We know that the lack of clear regulation in this sector has allowed another kind of mafia to emerge. As a result, prices of certain housing units have increased excessively, because there is no proper regulation and no designated body to establish valuations. The same applies to land. Therefore, we believe that establishing this Institution will enable the necessary interventions. For that reason, the Institution of Real Estate Professionals of Sri Lanka should be established as a very important body in our country. While minimizing conflicts with other institutions, we hope the draft law we present will strengthen the professionalism of real estate practitioners and, for the people of our country, help derive maximum benefit. We look forward to the House adopting this Bill today. Thank you very much.
Provenance
- Source
- Hansard, Thursday, 5 February 2026 ·No. 23269 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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/lk/speeches/13056
Cite as: The Hon. Eranga Gunasekara. 10th Parliament, Parliament of Sri Lanka. Hansard, 5 February 2026. No. 23269. Politick, https://staging.politick.io/lk/speeches/13056