Condominium Management Authority
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Overview
The Condominium Management Authority (CMA) in Sri Lanka is a government body established by Parliament to regulate, manage, and ensure proper maintenance of condominium properties, their common facilities (like pools, gyms, parks) and management corporations, ensuring smooth operation, resolving disputes, and promoting the sector’s development under the Urban Development Ministry. It operates as a self-funded institute, guiding management corporations, preventing unauthorized structures, and overseeing new project approvals for housing solutions in the country.
Founded Year
2003
Ownership Type
Government-Owned / State-Owned Enterprise
Business Model
B2C (Business to Consumer)
Time Zone
+5.30
Mission
To construct condominium properties that benefit residents' welfare. To establish management corporations for systematic administration and upkeep. To regulate maintenance activities for common elements and amenities.
Vision
To establish condominiums as a primary housing solution for the nation.
Core Values
Sustainability: Promoting green building practices (renewable energy, waste management) aligned with UN SDGs. Efficiency & Discipline: Operating as a self-financing body with strict financial discipline. Strong Governance: Emphasizing robust management corporations as crucial for condo living. Resident Welfare: Ensuring safe, convenient, and well-maintained living environments.
Company Tagline
Strong Management Corporation is the backbone of a convenient condominium living
Head Office Country
Sri Lanka