Condominium Developers Association of Sri Lanka Successfully Concludes AGM – Pledges to Redefine the Future of Condominium Development

August, 4, 2023

The ninth Annual General Meeting of the Condominium Developers Association of Sri Lanka (CDASL) was held on the 05th of July 2023 at The Ceylon Chamber of Commerce. The event witnessed the appointment of the Chairman of CDASL for the year 2023-2024, Mr. Pinsiri Fernando, with participation from industry leaders and experts, charting the path towards growth and innovation in the condominium sector.

Mr. Brahmanage Premalal, the outgoing Chairman, emphasized the success factors that were achieved over the past two years, even during the global pandemic. Counting on the two key achievements during the tenure: getting a representative from the CDASL to the Condominium Management Authority (CMA) Board and granting approval to construct pet-friendly apartments. Many other initiatives and activities were executed by the Association, namely, proposing an amendment to the new Urban Development Authority (UDA) act regarding new building regulations, proposing amendments to the Apartment Ownership Law, dealing closely with the Building Materials Corporation (BMC) to get allowance for the CDASL members to directly import building materials for construction, opening the discussion about service apartments with the relevant officials, lodging issues to the Construction Industry Development Authority (CIDA), partnering with the Central Bank of Sri Lanka (CBSL) in its anti-money laundering measures, and organizing the ‘Member Evening 2023’ with a lot of participation from experts.

The newly appointed Chairman, Mr. Pinsiri Fernando, highlighted two main aims that the Association will focus on: stabilizing the Condominium sector and providing more networking and connecting sessions for the members. He further stated that he is looking forward to a year of impactful action to uplift the industry and the Association among the stakeholders and the public.

The Executive Committee of the CDASL comprises Mr. Pinsiri Fernando, CDASL Chairman (Chairman, Suncity Developers); Mr. Prasanna De Zoysa, CDASL Secretary (Director, SMI Housing Development); Mr. Sivarajah Thumilan, CDASL Treasurer (Chairman, Blue Ocean Residencies); Mr. Aelian Gunawardene (Managing Director, JAT Property Group); Mr. Brahmanage Premalal (Chairman, Prime Lands); Mr. Dasun Wickramaratna (Chairman, Global Housing and Real Estate); Mr. Dhammike Wasanthakumara (COO, Capitol Developers); Mr. Kishore Reddy (Chairman, Quest and Query); Mr. Nalin Herath (Chairman, Home Lands Skyline); Mr. Pradeep Moraes (Chairman, Praedium); Mr. Roderick David (Operations Manager, Overseas Realty); Mr. Supul Inoke Perera (COO, Whittall Boustead).