Luxury Apartments In Colombo From Span Tower (SpanTower.com) And The Condominium Management Authority's Role In Property Management
How To Make Sure You Find Luxury Furnished Apartments In Colombo And The Important Role The Condominium Management Authority Plays
Finding Luxury Furnished Apartments In Colombo
At the moment, investing in real estate in Colombo seems like one of the best things to do. This is because it brings a host of benefits to the buyers and promises high growth in value during the coming years. But you may have also heard of so many scams and the need to find the best real estate company like Span Tower (SpanTower.com) to partner with. This is very important as when you invest in real estate options like real estate in Wellawatte and other parts of the city, you would want these units to be certified condos in Sri Lanka to actually be able to deliver the value that you expect.
As part of the selection process, you could first start with finding the best real estate company to partner with. With many investors and property developers looking at investing in various construction projects associated with real estate in Wellawatte and other parts of Colombo, you will find there are so many luxury furnished apartments in Colombo. But finding an attractive option is merely not adequate. You need check whether they are certified condos in Sri Lanka.
This is where the importance of finding the best real estate company like Span Tower (SpanTower.com) comes up. You can do this by checking the licenses and certifications of these real estate companies. In a country where the awareness of misdeeds related to such purchases are getting highlighted and much awareness is being created around this subject. Still statistics have shown that there are a shocking number of condominiums are offering their properties without providing the deeds to the buyers.
Role Of The Condominium Management Authority
As highlighted above, it has been found that a considerable amount of real estate in Wellawatte and other high value areas of the city have issues pertaining to such misdeeds. This is why the role of the Condominium Management Authority has become increasingly more crucial. As a governing body regulating such activities, the following are some of the activities carried out by this authority.
- Provide guidance to ensure proper management, maintenance, administration and other amenities of certified condos in Sri Lanka.
- Monitor insurance activities of the condominium property
- Prevention and removal of unauthorized constructions
- Liaise with other governing bodies such as the National Housing Development Authority, Urban Development Authority and other government institutions that need to get involved during the process.
- As a result of the collective activities ensure productive and efficient management of condominium properties
Article By Greg Stefaniak