Of Condominium Development Projects
Investigate Long Term Sustainability
of Civil Engineering
OF MORATUWA – SRI LANKA
Significance of the
Scope of the study
Aims and Objectives of the
Hypothesis (if any)
Time schedule/work plan
Before starting to understand the main body of the research topic it is important to know
about the condominium industry in Sri Lanka.
What is condominium?
There are various
definitions given to condominiums in world. Basically condominium has a dual
ownership. Those are owners of the condominium unit and owners of the common
elements such as lifts, pools,gymnasium,24/7
security service, launderette service , function rooms and jogging
tracks of the condominium which are not part of the
There are various factors
affecting for the condominium demand in sri lanka. Main factors are the overall
population growth and urbanization. People tends to attracts to cities due to
quality of living in cities and their highly paid jobs. With that, scarcity of
lands in the cities increased and condominiums are the most effective solution.
And also rising income of people specially upper classes and middle classes in
the society lead to increase of condominium demand. Banking system also give
mortgage money at reasonable interest rates and acceptable terms for purchasing
There are various types of
condominiums in sri lanka.
Super Luxury ( unit value approximately above 30 million)
Luxury apartments and semi luxury apartments (unit value
about 25 million)
Normal basic apartments (from 18 million to 25 million)
Middle income condominium projects (about 5 million)
Mainly condominiums in sri
lanka are built near to Colombo( Wellawatta, Mount Lavinia , Sri
Jayawardanapura Kotte, Kirulapana, Homagama). And also the market has now
expand towards the nodal points along the highways.
Currently the condominium
demand and market is in a stabilize situation. Lately there are lot of
challenges and problems faced by both builders and buyers of condominiums regarding long term sustainability of
condominiums. When ensuring the long term sustainability of condominium ,
builder should have the main responsibility prior to construction and while construction. Builder should
responsible in delivering a top quality residence and a environmental friendly
design to owners. And also condo should give a better surrounding for community
especially those who live in the condo and around the neighborhood. After that
condos are managed by the unit owners of the condominium.
Some challenges identified
Signs of collapsing of condo market in Sri Lanka according
Urban Development Authority and Central Bank. (Coomaraswamay, 2017)
Need of amendments to the Condominium management authority
law and apartment law. (C.A.Wijeyeweere, 2017)
Effects for condo market from upcoming port city and mega
Challengers faced by buyers and builders
Lack of fire escape system in condos
Improper construction methodologies
Significance of the research
This research is mainly
focused on the current situation of the condominium market as the Sri Lanka
economic and development strategies have changed significantly during last few
years. So identifying the challenges of condominium development projects to
ensure long term sustainability will helpful for stability and the development
of condo market and also future the present and
Scope of the study
In this research focus will
be mainly given to the condos in Colombo
area, condos near nodal points of highways , newly rising middle income
condominiums and upcoming condominium projects with the port city development
project and Mega Polis Project in Colombo.
Aims and Objectives of the
Identify current definitions given to condominiums in world
and comes up with definition regarding the Sri Lankan Conditions.
condominiums in Sri Lanka according the zones they are established.
Identify challenges and problems of condominium development projects
considering long term sustainability and categorize those identified
challenges according to various parameters.
Firstly an extensive
literature review is performed on the
research considering the Sri Lankan and
world conditions. Next relevant Authorities
regarding condominium in Sri Lanka are met. Data is collected from current
condominium projects in Colombo area,
condos near nodal points of highways , newly rising middle income condominiums
and identify main features and challenges of those condos to investigate long
term sustainability. For that, interviews are conducted with residence managers
and condo owners by giving a questionnaire.
Finally a definition for
condominiums regarding Sri Lankan conditions is defined and challenges
identified in investigating long term sustainability of condominium projects
are categorized considering the condominium zones .
Categorization of challenges
C.A.Wijeyeweere, C. M. (2017, october 15).
Condominiums must not become vertical slums Amendments needed to laws to halt
developments on in-filled lands CMA Chairman. (I. Gamage, Interviewer) CEYLON
Coomaraswamay, C. B. (2017, May 25). Sri Lanka’s
luxury condo market heading for tears? (A. Jayasinghe, Interviewer) Retrieved
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