July 12, Colombo (LNW): The Treasury has agreed to grant Rs. 515 million for the payment of stamp duty and notary fees to provide freehold deeds to apartment dwellers in Colombo city. Urban Development and Housing Ministry Secretary W.S. Sathyananda stated that this allocation will be made according to the approved budget limits.
This amount has been designated by the Treasury for the issuance of title deeds for three flats in Colombo. The initiative to provide freehold deeds for over 50,000 apartment owners in the Colombo district will commence on July 17 at Sugathadasa Indoor Stadium. Over 1,500 dwellers of Mihidu Sethpura, Sirisara Uyana, Metro Housing scheme, and housing schemes under the National Housing and Development Authority will benefit from the first phase of the program.
