Government to Issue Freehold Deeds for Colombo Flats: Minister Prasanna Ranatunga Mr. Prasanna Ranatunga, the Minister of Urban Developmen...
Government to Issue Freehold Deeds for Colombo Flats: Minister Prasanna Ranatunga
Mr. Prasanna Ranatunga, the Minister of Urban Development and Housing, announced that the government will distribute freehold deeds for 8,000 apartments under the Urban Development Authority (UDA) next month. This initiative is part of the government's broader program to provide title deeds to Colombo flat owners.
Additionally, the National Housing Development Authority (NHDA) plans to issue 1,070 deeds. President Ranil Wickremesinghe had pledged in the last budget to grant house title deeds to 50,000 Colombo flat owners, and these efforts are in line with that commitment.
The UDA has provided 14,559 out of 22 condominium housing units to low-income individuals. The first phase of the title deed distribution will focus on the Mihindu Senpura, Sirisara Garden, Metsara Garden, Lakmuthu Sewana, and Sirimuthu Garden projects.
Furthermore, the government plans to issue title deeds for the Laksandha Sevana, Randiya Uyana, Lakmuthu Uyana, Mudora Uyana, Siyasata Sevana, Puradora Sevana, Jayamaga Sevana, Mihijaya Sevana, Helamuthu Sevana, Siyapata Sevana, Laksetha Sevana, and Lakhiru Sevana housing projects by the end of the year. These deeds will be issued by the NHDA for apartments within the Colombo Municipal Council areas.
Minister Ranatunga highlighted that delays in granting ownership were due to regulatory challenges, but discussions with the Attorney General have provided the necessary legal guidance to proceed.
He reiterated that by the end of the year, all Colombo flat owners will receive their title deeds. Following the issuance of these legal deeds, a joint management corporation will be established with resident representation to oversee the maintenance and management of these properties.
The 2024 budget has allocated two billion rupees for the provision of these "heritage" freehold deeds.
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