CMA certificate mandatory for condominium development

The Condominium Management Authority (CMA) has expedited the issue of certificates for Condominium Properties in terms on the new Apartment Ownership (Amendment) Act. No. 39 of 2003 of the instructions of Minister of Housing and Construction Ferial Ashroff.

The Condominium industry has been booming in Sri Lanka due to the population explosion and rapid urbanisation. This industry is rapidly changing the skyline of the Colombo city and suburbs.

The CMA certificate has become mandatory with the introduction of this new Act for any condominium development in the country for registration of condominium plans, semi condominium plans and provisional condominium plans.

Leading institutions such as Banks now insist on CMA certificates for financial assistance.