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DateLine Friday, 11 April 2008

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Errant condominium developers on the mat

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.

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