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Condominiums expanding to outstations

CERTIFICATE: Condominium Management Authority (CMA) has recorded an increase in applying for (CMA) certifications for condominium housing projects.

Acting General Manager of the CMA G.U Upawansa told Daily News now they receive around 16 applications for CMA certifications per month. Earlier it was 10 applications.

However the Authority has issued 60 certificates for completed projects so far this year.

Nearly 20 of them are small projects that include two to five housing units and the balance is large-scale housing projects.

The Authority has noticed that condominium housing projects are now expanding to the outstation areas in the country. We have issued certificates for housing projects in Kandy, Nuwara-Elliya and Negombo. Some developers are also developing condominium housing projects in Batticoloa too, he said.

After the tsunami there is a huge increase of condominium housing projects in the costal areas. Authority is now in the process of establishing management committees for these projects till residents get their deeds and to setup their own management corporations in the housing projects.

The Authority also promotes establishing management corporations among residents of condominium housing projects.

It is conducting awareness programmes to educate these residents to accelerate establishing management corporation for each project, he said.

The CMA has identified eight condominium housing projects that need to be redeveloped immediately.

The CMA will negotiate with the Urban Development Authority (UDA) on the redevelopment projects. After obtaining necessary approvals for the project, CMA will call for interested property developers for the redevelopment of the projects, he said.

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