Errant condominium developers on the mat
Anjana Samarasinghe
The Condominium Management Authority (CMA) will file court action
against several property developers who are unable to give deeds to
their condominium residents.
Acting General Manager of CMA G.U. Upawansa told Daily News that
according to the Apartment Ownership Law, after completing the
condominium project with the condominium certification developers need
to register the project in the Land Registry to provide deeds for
residents.
'Up to now we have received 15 complaints from condominium residents
who have not obtained deeds. The CMA has already taken legal action
against one property developer and at the moment we are preparing papers
to file cases against some property developers who were unable to
produce deeds for condominium residents, he said.
In the first three months of this year CMA has issued 36 condominium
certificates for completed condominium projects. There were three
Provisional certificates and one semi certificate for projects which
have not been completed yet during this period.
However the CMA is targeting 150 condominium projects to be completed
during this year. Nearly 80 per cent of the condominium projects are
located in Colombo. Out of Colombo there are projects in Gampaha,
Homagama, Kandy and Anuradhapura. Upawansa said the CMA had issued 120
certificates and out of them 108 were issued for completed projects last
year.
The CMA was able to establish 70 management corporations in these
condominium housing projects. There are over 200 management corporations
in the country. |