MahaRERA Proposes Proactive Quality Assurance Measures for Real Estate Projects
Moneylife Digital Team 16 May 2024
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a consultation paper proposing a new framework for quality assurance in real estate projects. While focusing on quality assurance, this initiative aims to move beyond simply addressing defects after they occur by taking pre-emptive measures rather than reactive ones. Through strict adherence to quality standards throughout the construction process, the aim is to minimise the occurrence of defects and subsequent repairs.
 
The Real Estate (Regulation and Development) Act (RERA) mandates that any defect brought to the developers' notice within a five-year period of having given possession to the buyer should be rectified within 30 days without any additional cost to the home buyer. 
 
Now, with the new consultation paper, MahaRERA has recognised the importance of a more proactive approach. Its proposed framework emphasises maintaining high-quality standards throughout the construction process, ensuring the use of quality materials and skilled workmanship.
 
This shift in focus benefits home-buyers and the real estate industry, as home-buyers can expect defect-free homes that meet stringent quality standards. A focus on quality strengthens the reputation of the real estate sector and fosters trust among potential buyers, MahaRERA feels. 
 
The proposed proactive measure of assessing quality in construction relies on an annual self-declaration from the developer. The consultation paper outlines a 'Quality Assurance Certificate' that developers will be required to submit annually. 
 
This self-declaration certificate will report on four key parameters:
 
1. Structural Design, Stability and Testing - This ensures that the building is structurally sound and can withstand all foreseeable loads.
2. Quality of Input: This ensures that the materials used in construction are of high quality and meet relevant standards.
3. Quality of Workmanship: This ensures that the construction work is carried out to a high standard by skilled workers.
4. Miscellaneous: This category may include other relevant factors such as fire safety and waterproofing. 
 
It has also been proposed that this information would be readily available to home-buyers, allowing them to make informed decisions during the purchase process.
 
MahaRERA has provided a draft declaration form (form 2A) within the consultation paper, which is proposed to replace form 24. This new form would be required to be filled out by the site supervisor or engineer, certified by the developer and submitted annually.
 
MahaRERA has asked stakeholders to submit their suggestions and feedback on the proposed framework by 23 May 2024 via email to [email protected]
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