"So these lands will also come in to the market very soon for investment."
The areas are in Sri Lanka's Northern Province, where a civil war raged for nearly three decades until May 2009.
The lands being considered for development were under various state agencies, officials said.
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Fernando said the bulk of the work by the UDA has so far focussed on developing Colombo but the agency is now increasing focus on the provinces.
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"Little by little we are doing that," he said.
It has provided land for investment in Nuwara Eliya in Central Sri Lanka and in Trincomalee in the East, also a former war zone.
In Hambantota in the South, the UDA had built a loan-funded secretariat building to house 40 state agencies using a loan.