The real estate sector  has played  a key role of any country’s  growth. Here we are viewing the residential real estate sector in Sri Lanka and it includes the different types of properties such as single houses, storied houses, annexes, twin houses, lined houses, condo -apartment units . We want to mentioned here that condominium as a quite type of property shines in modern Real Estate industry particularly in Colombo .The current upward trend in residential condominium sector took a long period of evaluation. The government of Sri Lanka has launched housing apartment projects as a strategic measure to solve the burning housing issues of low and middle income communities in Colombo because  lands are limited in supply.

Accordingly, it has been evolved throughout the succeeding decades along with the gradual change of human needs and wants and the socio-economic backdrop of the country. As from housing apartments/flats into housing schemes and then into residential condominiums which is a fully market-based product. Recently, there are over 900 apartment complexes in the country having over 15, 000 residential units while another 200 condominium projects are in pipe-line with over 13,000 residential units.