CMA tab on errant condominium developers

Anjana Samarasinghe

CONDOMINIUMS: The Condominium Management Authority (CMA) is investigating property developers who are unable to provide deeds for condominium residents.

Acting General Manager of the CMA G.U. Upawansa told Daily News at the moment the CMA is investigating on ten condominium projects in the Colombo area. 'We have completed three investigations and for other developers we have asked to submit reasons for not providing deeds for the residents', the official said.

The CMA has received several complaints from condominium residents on property developers who have not provided deeds for them. These projects were completed sometime back.

These condominium residents complain that they cannot hand over their apartments to their children without a proper deed.

Upawansa said that some property developers entered into sales agreements with the residents and take money from them even before constructing the condominium projects. They utilise these funds for the projects.

After obtaining approval from the CMA, condominium projects need to be registered under the land registry to provide deeds for the residents he said.

Under the Apartment Ownership Act action could be taken against property developers who are unable to provide deeds for condominium residents, he said.