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The real estate investment in industry finds the centre of economic and social changes in any
country. Similarly it plays a key role in the economy of Sri Lanka. Virtually every aspect of real
estate development and operation has significant environmental consequences: from the location
of the site on which structures are built, to the materials required to construct buildings and other
structures (imbedded energy), and then the energy required to operate them. However its impacts
vary significantly by region, depending on local climate and building technologies, among other
factors. As per (Hostetler and Knowles, 2010) environmental attributes in relation to real estate
development are; Open space, Trees and conserved natural areas, Road network, Wetland conservation, Lighting, Landscaping, Storm water, treatment and Resident engaging. Sri Lanka being a
small island country land resources are of vital importance. Along with the other issues like limited
environmental resources (timber, sand, cement), pollution the country has to search options to promote sustainable real estate. It is observed that due consideration is not given for environmental
aspects in real estate development especially in urban areas of Sri Lanka. Therefore the objective
of this study is to measure the environmental concern of professionals, practitioners and academics
who are engaged in the activities related to real estate sector in the country. Revised New Ecological Paradigm (NEP) Scale designed by Dunlap et al. (2000) to identify the views of environmental
aspects of the people was used to measure the perceptions on fifteen environmental attributes.
The survey instrument was adopted and randomly selected 50 groups of respondents covering the
above categories were interviewed.
