Research

Research Clusters

The Centre for Real Estate Studies (CRES) is a dynamic hub dedicated to advancing the field of Real Estate Management and Valuation through cutting-edge research. Our center is committed to exploring various dimensions of the real estate landscape, addressing challenges, and contributing to the evolution of the industry.

At CRES, our research initiatives are organized into diverse clusters, each delving into crucial aspects of real estate. These clusters include:

At CRES, our research initiatives are organized into diverse clusters, each delving into crucial aspects of real estate. These clusters include:

The Centre for Real Estate Studies (CRES) is a dynamic hub dedicated to advancing the field of Real Estate Management and Valuation through cutting-edge research. Our center is committed to exploring various dimensions of the real estate landscape, addressing challenges, and contributing to the evolution of the industry.

At CRES, our research initiatives are organized into diverse clusters, each delving into crucial aspects of real estate. These clusters include:

Researchers affiliated with CRES benefit from a collaborative and supportive environment, where they can explore their interests and contribute to the academic discourse in real estate studies. We actively encourage our researchers to submit their findings for publication in leading industry journals, fostering the dissemination of valuable insights to professionals, academics, and policymakers alike.

Contemporary Developments and Challenges in Property Valuation

Property valuation stands as a crucial facet within the real estate landscape, serving as a vital factor in investment decision-making. The dynamics of property valuation have evolved in tandem with broader market trends, necessitating refined research efforts to address contemporary challenges and harness emerging opportunities. The Centre for Real Estate Studies (CRES) is at the forefront of advancing knowledge in this field, with a commitment to exploring the following sub-research areas:

Funded Research - 2024 - 01

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2024 – 02

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2023

Name: Valuers' Perception on Mitigating Material Uncertainty in Property Valuation

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Author/s: PC Kaluthanthri, NB Hippola
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Funding: Self-funded
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Publication: South Asian Journal of Social Studies and Economics, Volume 17, Issue 2, Pages 27-38

Abstract: Property valuation is the process of estimating the market price of an asset, especially one carried out by a professional valuer. The estimated price significantly affected by uncertainties in the market where the impact of these uncertainties will be reflected in the output figure, i.e., the valuation. Thus, careful consideration is essential for valuation assignment in the relevant market. The existence of recent or contemporary evidence, and the degree of trustworthiness of that evidence when determining the level of uncertainty at a specific valuation date is a requirement to minimize the level of material uncertainty in property valuation process. In this context, the main purpose of this study is to figure out valuers’ perception on best mitigation measures for material uncertainty in property valuation procedure. The population of the study are the professional valuers who engaged in property valuation in Sri Lanka; members

Name: Bio-Integrated Architectural Modular Façade for Urban Built Environment

Author: A Senalankadhikara, C Udawattha, P Kaluthanthri

Funding: University of Sri Jayewardenepura Research Grant

Description: Like the rest of the world, tropical urban cities are undergoing tremendous population expansion. Urban heat stress is on the rise, creating the Urban Heat Island, as a result of reduced vegetation and the development of the built environment using impermeablematerials. In order to address the issue, vertical greenery systems are in demand as an adaptation to the built environment. Vertical living walls have become a popular trend globally where elongated with many benefits. However, to gain the possible benefits, comprehensive knowledge is necessary as living walls are more frequently requested by many urban residencies in Colomb, adopted as an icon forsustainability, aesthetically pleasing and visually appealing expression. Nevertheless, the emergence of novel products should be catered to the local market with less complexity addressing a low profile in cost, maintenance and durability. The development and invention of a Bio integrated modular brick disclose an environmentally friendly living walling method which comprises a single unit where the unique design is adopted to solve the problems in the construction, installation, irrigation,drainage, water, and power supply of a vertical living wall system. A comprehensive literature review has been conducted to collectdata on mortar and brick properties, vegetation and germination, irrigation systems, and structural properties. The self-interlockingfeature of the masonry unit is designated in both the female and the male face of the unit, improving strength and balance.
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Real Estate Planning, Finance, and Investments

The synergy between Real Estate Planning, Finance, and Investments is essential for the sustainable and profitable development of real estate assets. Effective planning informs financial decisions, and sound financial strategies support successful real estate investments. Researchers and professionals in this field aim to develop innovative approaches to maximize returns, manage risks, and contribute to the overall health and resilience of the real estate industry. The integration of technology and evolving market dynamics further underscores the importance of ongoing research and exploration in this dynamic sector.

In the realm of Real Estate Planning, Finance, and Investments, the Centre for Real Estate Studies (CRES) directs its research focus towards cutting-edge advancements and challenges. The center's research programs encompass the following key areas:

Funded Research - 2024 - 01

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2024 – 02

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2023

Name: Valuers' Perception on Mitigating Material Uncertainty in Property Valuation

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Author/s: PC Kaluthanthri, NB Hippola
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Funding: Self-funded
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Publication: South Asian Journal of Social Studies and Economics, Volume 17, Issue 2, Pages 27-38

Abstract: Property valuation is the process of estimating the market price of an asset, especially one carried out by a professional valuer. The estimated price significantly affected by uncertainties in the market where the impact of these uncertainties will be reflected in the output figure, i.e., the valuation. Thus, careful consideration is essential for valuation assignment in the relevant market. The existence of recent or contemporary evidence, and the degree of trustworthiness of that evidence when determining the level of uncertainty at a specific valuation date is a requirement to minimize the level of material uncertainty in property valuation process. In this context, the main purpose of this study is to figure out valuers’ perception on best mitigation measures for material uncertainty in property valuation procedure. The population of the study are the professional valuers who engaged in property valuation in Sri Lanka; members

Name: Bio-Integrated Architectural Modular Façade for Urban Built Environment

Author: A Senalankadhikara, C Udawattha, P Kaluthanthri

Funding: University of Sri Jayewardenepura Research Grant

Description: Like the rest of the world, tropical urban cities are undergoing tremendous population expansion. Urban heat stress is on the rise, creating the Urban Heat Island, as a result of reduced vegetation and the development of the built environment using impermeablematerials. In order to address the issue, vertical greenery systems are in demand as an adaptation to the built environment. Vertical living walls have become a popular trend globally where elongated with many benefits. However, to gain the possible benefits, comprehensive knowledge is necessary as living walls are more frequently requested by many urban residencies in Colomb, adopted as an icon forsustainability, aesthetically pleasing and visually appealing expression. Nevertheless, the emergence of novel products should be catered to the local market with less complexity addressing a low profile in cost, maintenance and durability. The development and invention of a Bio integrated modular brick disclose an environmentally friendly living walling method which comprises a single unit where the unique design is adopted to solve the problems in the construction, installation, irrigation,drainage, water, and power supply of a vertical living wall system. A comprehensive literature review has been conducted to collectdata on mortar and brick properties, vegetation and germination, irrigation systems, and structural properties. The self-interlockingfeature of the masonry unit is designated in both the female and the male face of the unit, improving strength and balance.
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Sustainability and ESG in Real Estate

Sustainability and Environmental, Social, and Governance (ESG) considerations in real estate represent a pivotal paradigm shift in the industry, reflecting a growing awareness of the impact of real estate activities on the environment, society, and corporate governance. This field is dedicated to integrating responsible and sustainable practices into all aspects of real estate planning, development, investment, and management. The Centre for Real Estate Studies (CRES) directs its research efforts towards fostering sustainable and responsible practices encompassing the following key areas:

Funded Research 2024 - 01

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2024 – 02

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2023

Name: Valuers' Perception on Mitigating Material Uncertainty in Property Valuation

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Author/s: PC Kaluthanthri, NB Hippola
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Funding: Self-funded
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Publication: South Asian Journal of Social Studies and Economics, Volume 17, Issue 2, Pages 27-38

Abstract: Property valuation is the process of estimating the market price of an asset, especially one carried out by a professional valuer. The estimated price significantly affected by uncertainties in the market where the impact of these uncertainties will be reflected in the output figure, i.e., the valuation. Thus, careful consideration is essential for valuation assignment in the relevant market. The existence of recent or contemporary evidence, and the degree of trustworthiness of that evidence when determining the level of uncertainty at a specific valuation date is a requirement to minimize the level of material uncertainty in property valuation process. In this context, the main purpose of this study is to figure out valuers’ perception on best mitigation measures for material uncertainty in property valuation procedure. The population of the study are the professional valuers who engaged in property valuation in Sri Lanka; members

Name: Bio-Integrated Architectural Modular Façade for Urban Built Environment

Author: A Senalankadhikara, C Udawattha, P Kaluthanthri

Funding: University of Sri Jayewardenepura Research Grant

Description: Like the rest of the world, tropical urban cities are undergoing tremendous population expansion. Urban heat stress is on the rise, creating the Urban Heat Island, as a result of reduced vegetation and the development of the built environment using impermeablematerials. In order to address the issue, vertical greenery systems are in demand as an adaptation to the built environment. Vertical living walls have become a popular trend globally where elongated with many benefits. However, to gain the possible benefits, comprehensive knowledge is necessary as living walls are more frequently requested by many urban residencies in Colomb, adopted as an icon forsustainability, aesthetically pleasing and visually appealing expression. Nevertheless, the emergence of novel products should be catered to the local market with less complexity addressing a low profile in cost, maintenance and durability. The development and invention of a Bio integrated modular brick disclose an environmentally friendly living walling method which comprises a single unit where the unique design is adopted to solve the problems in the construction, installation, irrigation,drainage, water, and power supply of a vertical living wall system. A comprehensive literature review has been conducted to collectdata on mortar and brick properties, vegetation and germination, irrigation systems, and structural properties. The self-interlockingfeature of the masonry unit is designated in both the female and the male face of the unit, improving strength and balance.
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Funded Research

Working Papers

Funded Research

Working Papers

Indigenous Knowledge, Innovation and Technology in Construction and Real Estate

Indigenous Knowledge, Innovation, and Technology in Construction and Real Estate form a dynamic and evolving field that combines traditional wisdom, cutting-edge innovations, and technological advancements to shape the future of the construction and real estate sectors. The Centre for Real Estate Studies (CRES)is at the forefront of pioneering research in Indigenous Knowledge, Innovation, and Technology within the construction and real estate sectors. Our research programs delve into the following sub-areas:

Funded Research 2024 - 01

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2024 – 02

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2023

Name: Valuers' Perception on Mitigating Material Uncertainty in Property Valuation

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Author/s: PC Kaluthanthri, NB Hippola
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Funding: Self-funded
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Publication: South Asian Journal of Social Studies and Economics, Volume 17, Issue 2, Pages 27-38

Abstract: Property valuation is the process of estimating the market price of an asset, especially one carried out by a professional valuer. The estimated price significantly affected by uncertainties in the market where the impact of these uncertainties will be reflected in the output figure, i.e., the valuation. Thus, careful consideration is essential for valuation assignment in the relevant market. The existence of recent or contemporary evidence, and the degree of trustworthiness of that evidence when determining the level of uncertainty at a specific valuation date is a requirement to minimize the level of material uncertainty in property valuation process. In this context, the main purpose of this study is to figure out valuers’ perception on best mitigation measures for material uncertainty in property valuation procedure. The population of the study are the professional valuers who engaged in property valuation in Sri Lanka; members

Name: Bio-Integrated Architectural Modular Façade for Urban Built Environment

Author: A Senalankadhikara, C Udawattha, P Kaluthanthri

Funding: University of Sri Jayewardenepura Research Grant

Description: Like the rest of the world, tropical urban cities are undergoing tremendous population expansion. Urban heat stress is on the rise, creating the Urban Heat Island, as a result of reduced vegetation and the development of the built environment using impermeablematerials. In order to address the issue, vertical greenery systems are in demand as an adaptation to the built environment. Vertical living walls have become a popular trend globally where elongated with many benefits. However, to gain the possible benefits, comprehensive knowledge is necessary as living walls are more frequently requested by many urban residencies in Colomb, adopted as an icon forsustainability, aesthetically pleasing and visually appealing expression. Nevertheless, the emergence of novel products should be catered to the local market with less complexity addressing a low profile in cost, maintenance and durability. The development and invention of a Bio integrated modular brick disclose an environmentally friendly living walling method which comprises a single unit where the unique design is adopted to solve the problems in the construction, installation, irrigation,drainage, water, and power supply of a vertical living wall system. A comprehensive literature review has been conducted to collectdata on mortar and brick properties, vegetation and germination, irrigation systems, and structural properties. The self-interlockingfeature of the masonry unit is designated in both the female and the male face of the unit, improving strength and balance.

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Land Policies and Markets

The Centre for Real Estate Studies focuses on Land Policies and Markets, a critical research domain that examines the interplay between policy frameworks and market dynamics in land use and ownership. Research areas include land use planning, property rights, affordable housing policies, valuation, market trends, technology integration, environmental considerations, and transparency promotion. Through systematic inquiry, the Centre aims to provide valuable insights for sustainable development, equitable housing practices, and effective governance, contributing to a nuanced understanding of the complexities within land policies and markets.

Funded Research 2024 - 01

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2024 – 02

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2023

Name: Valuers' Perception on Mitigating Material Uncertainty in Property Valuation

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Author/s: PC Kaluthanthri, NB Hippola
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Funding: Self-funded
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Publication: South Asian Journal of Social Studies and Economics, Volume 17, Issue 2, Pages 27-38

Abstract: Property valuation is the process of estimating the market price of an asset, especially one carried out by a professional valuer. The estimated price significantly affected by uncertainties in the market where the impact of these uncertainties will be reflected in the output figure, i.e., the valuation. Thus, careful consideration is essential for valuation assignment in the relevant market. The existence of recent or contemporary evidence, and the degree of trustworthiness of that evidence when determining the level of uncertainty at a specific valuation date is a requirement to minimize the level of material uncertainty in property valuation process. In this context, the main purpose of this study is to figure out valuers’ perception on best mitigation measures for material uncertainty in property valuation procedure. The population of the study are the professional valuers who engaged in property valuation in Sri Lanka; members

Name: Bio-Integrated Architectural Modular Façade for Urban Built Environment

Author: A Senalankadhikara, C Udawattha, P Kaluthanthri

Funding: University of Sri Jayewardenepura Research Grant

Description: Like the rest of the world, tropical urban cities are undergoing tremendous population expansion. Urban heat stress is on the rise, creating the Urban Heat Island, as a result of reduced vegetation and the development of the built environment using impermeablematerials. In order to address the issue, vertical greenery systems are in demand as an adaptation to the built environment. Vertical living walls have become a popular trend globally where elongated with many benefits. However, to gain the possible benefits, comprehensive knowledge is necessary as living walls are more frequently requested by many urban residencies in Colomb, adopted as an icon forsustainability, aesthetically pleasing and visually appealing expression. Nevertheless, the emergence of novel products should be catered to the local market with less complexity addressing a low profile in cost, maintenance and durability. The development and invention of a Bio integrated modular brick disclose an environmentally friendly living walling method which comprises a single unit where the unique design is adopted to solve the problems in the construction, installation, irrigation,drainage, water, and power supply of a vertical living wall system. A comprehensive literature review has been conducted to collectdata on mortar and brick properties, vegetation and germination, irrigation systems, and structural properties. The self-interlockingfeature of the masonry unit is designated in both the female and the male face of the unit, improving strength and balance.

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Research

Research Clusters

Contemporary Developments and Challenges in Property Valuation

Funded Research - 2024 - 01

2024 – 02

2023

Real Estate Planning, Finance, and Investments

Funded Research - 2024 - 01

2024 – 02

2023

Sustainability and ESG in Real Estate

Funded Research 2024 - 01

2024 – 02

2023

Funded Research

2024 – 01

Name:

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2024 – 02

Name:

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Funding:

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2023

Name: Valuers’ Perception on Mitigating Material Uncertainty in Property Valuation

Author/s: PC Kaluthanthri, NB Hippola

Funding: Self-funded

Publication: South Asian Journal of Social Studies and Economics, Volume 17, Issue 2, Pages 27-38

Name:

Bio-Integrated Architectural Modular Façade for Urban Built Environment

Author:

A Senalankadhikara, C Udawattha, P Kaluthanthri

Funding:

University of Sri Jayewardenepura Research Grant

Description:

Name:

Author:

Funding:

Description:

Indigenous Knowledge, Innovation and Technology in Construction and Real Estate

Funded Research 2024 - 01

2024 – 02

2023

Land Policies and Markets

Funded Research 2024 - 01

2024 – 02

2023

Awards and Achievements

Professor. Nishani Wickramaarachchi wins Outstanding Reviewer Award in 2022 Emerald Literati Awards.

Dr. Chameera Udawattha won Best Young Innovator Award 22/23 Best Young Innovator Award 22-23

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