Myland

What Myland does

Myland Development Limited is a Sri Lankan land development and sales company operating from Kadawatha in the Western Province. The company purchases raw land directly from owners, develops it with infrastructure — tarred or interlock-paved roadways, concrete drainage systems, three-phase electricity, and pipe-borne water — and resells individual residential plots to individual buyers and investors. Since founding in 2017, it has sold approximately 20 land plots across 11+ locations including Kadawatha, Kaduwela, Malabe, Dompe, Delgoda, Biyagama, Mirigama, Divulapitiya, Kiribathgoda, Udugampola, Weliweriya, and Kelaniya.

The company's go-to-market is sales-led, relying on direct field agents for site visits and documentation, supplemented by a WordPress website, social media channels, and print advertising. Per-perch pricing varies sharply by micro-location (e.g., Rs. 120,000 per perch at Highway Drive in Mirigama vs. Rs. 825,000 per perch at Rotunda Gardens in Kadawatha). To lower the affordability barrier, Myland offers four payment structures: outright cash with discount (pay ~35–50% within two weeks), six-month interest-free installments, a five-year easy-payment plan at 18% per annum, and a bank-loan scheme in which the company handles all documentation and arranges financing through partnered Sri Lankan banks.

Myland is listed on the Colombo Stock Exchange under the ticker col:MDL, has between 51 and 100 employees, and in September 2025 raised approximately $1.07M in a funding round led by Arcasia Investment and Trading. Revenue is not publicly disclosed, but per-plot pricing and cumulative unit volumes indicate a small, transaction-driven revenue base. The company has publicly stated intent to expand beyond land sales into housing projects, apartments, and broader construction/infrastructure development, though no such projects have been launched to date.

Name

Myland

Legal name

Myland Development Limited

Website

https://myland.lk

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Myland Development Limited is a Sri Lankan land developer that purchases raw land, develops it with roads and utilities, and sells residential plots to individual buyers across the Western Province, supported by multiple payment schemes including bank-loan assistance.

Ownership category

akta.pro rank

Product category

Residential Land Development

NAICS

Land Subdivision (23721)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

akta.pro secondary industry

Land Brokerage (Raw Land & Development Sites) (FSAEAJAD)

Keywords

• Residential land development
• Land plot sales
• Property development
• Real estate investment
• Land subdivision

Headquarters

HQ city

Kadawata

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Land Sales: Primary revenue from selling developed land plots to individual buyers and investors. The company purchases land from direct owners, develops it with road networks and drainage systems, and sells it for residential or commercial purposes. Revenue is generated through one-time property transactions with various payment options including outright cash, installment schemes, and bank financing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Myland Development Limited purchases raw land from direct owners, develops it with road networks, drainage systems, three-phase electricity, and pipe-borne water, and sells developed residential land plots to individual buyers and investors in Sri Lanka's Western Province. The company supports these transactions with multiple payment options including outright cash, six-month interest-free installments, a five-year easy payment plan, and assisted bank loan financing through partner Sri Lankan banks.

Product overview

Myland Development Limited is a Sri Lankan property development company offering a unified land development and sales service. The company operates by purchasing raw land from direct owners, developing it with infrastructure (road networks, drainage systems, electricity, water), and selling developed residential land plots. Myland's product portfolio includes completed residential land projects across Western Province (Kaduwela, Kadawatha, Malabe, Dompe, Delgoda, Kiribathgoda, Weliweriya, Kelaniya, Udugampola) as well as individual land listings for sale. The company supports these land sales with multiple payment schemes including outright cash payments, six-month interest-free installments, bank loan assistance, and an extended easy payment plan. Future plans include expanding into housing projects, apartments, and construction/infrastructure development projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Land Development Projects End-to-end residential land development: purchasing raw land from direct owners, developing it with full infrastructure (tarred or interlock-paved roadways, concrete drainage, three-phase electricity, pipe-borne water, clear deeds, and approved plans), and selling the developed plots to individual home buyers and property investors across Sri Lanka's Western Province.
• Field Breeze - Divulapitiya Currently available 10 perch developed residential land plot in Divulapitiya, with clear deeds, approved plans, and three-phase electricity, priced from Rs. 1,800,000 for the full land.
• Highway Drive - Mirigama 12.5 perch developed land plot in Mirigama with road frontage and proximity to the highway entrance and main bus route, priced at Rs. 120,000 per perch.
• Rotunda Gardens - Kadawatha 6 perch developed land plot in Kadawatha with interlock-paved roadways, concrete drainage, and three-phase electricity, priced at Rs. 825,000 per perch.
• Arunalu - Biyagama 10 perch developed land plot near the Biyagama Free Trade Zone and Colombo-Dekatana Bus Route, priced at Rs. 150,000 per perch, with tarred roadways, concrete drainage, three-phase electricity, and pipe-borne water.
• Sell Your Land Service Direct land acquisition service for Sri Lankan landowners, enabling them to sell their land to Myland for use in the company's residential land development pipeline.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Overseas Realty (Ceylon) PLC: Listed Sri Lankan real estate company focused on premium commercial and residential developments, including the Havelock City project. Comparable as a Sri Lankan property developer serving local buyers, though operating at the higher end of the market with larger mixed-use projects rather than land subdivision.
• John Keells Properties: Real estate arm of John Keells Holdings, one of Sri Lanka's largest conglomerates. Comparable as a Sri Lankan property developer with residential projects in Colombo, though much larger and diversified across commercial, retail, and integrated townships.
• Fairway Holdings: Sri Lankan conglomerate with real estate operations including property development and brokerage. Comparable as a diversified Sri Lankan real estate participant serving similar buyer demographics, though operating across broader property categories.
• Havelock City: Large-scale integrated mixed-use development in Colombo developed by Overseas Realty. Comparable to Myland as a Sri Lankan real estate development serving middle-class to upper-middle-class buyers, though at significantly larger scale and urban density.

Regional players

• Citi Housing: Pakistani housing developer with international operations including Sri Lanka. Comparable to Myland in offering structured payment plans and developed land plots to first-time buyers, though operating in a different primary geography.
• Lalan Rubbers PLC: Sri Lankan publicly-listed company with significant land holdings and real estate operations. Comparable as a Sri Lankan entity monetizing land assets, though focused on rubber plantations and large-scale land transactions rather than subdivided residential plots.

Direct peers

• Blue Ocean Group of Companies: Sri Lankan integrated property developer active in land development, housing, and construction. Directly comparable to Myland in vertical-integration approach (land acquisition through development) and Sri Lankan middle-class buyer focus.
• Millennium Housing Developers: Sri Lankan residential housing developer focused on affordable homes for middle-income families. Comparable to Myland in targeting first-time property buyers in Sri Lanka with structured payment schemes and Western Province geographic overlap.
• Prime Lands Group: One of Sri Lanka's largest land and property developers, with significant operations in residential land sales and housing developments. Directly comparable to Myland in target customer (Sri Lankan middle-class land buyers), geographic focus (Western Province), and product offering (developed land plots with infrastructure).

Others

• Property LK: Sri Lankan property listing and brokerage platform. Comparable as an adjacent participant in the Sri Lankan real estate transaction ecosystem where Myland sells land, though Property LK operates as a listing intermediary rather than a developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Myland
• Facebookfacebook.com/MylandDevelopments
• Instagraminstagram.com/Myland

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Myland