By Staff Reporter
In a bid to enhance transparency and empower homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to introduce a quality assurance reporting framework. Developers will be required to report on the quality of materials used, workmanship, and other critical aspects twice a year during a project. This information will then be made accessible to homebuyers, enabling them to make well-informed decisions.
The Real Estate (Regulation and Development) Act provides for a defect liability period, allowing allottees to seek rectification of structural or workmanship defects within five years from the date of possession. In the event of the promoter’s failure to rectify defects, allottees are entitled to compensation.
MahaRERA aims to proactively address potential issues, minimizing the need for rectification or compensation. The focus is on ensuring quality during the construction phase itself, preventing defects through rigorous standards for construction materials and workmanship. This approach seeks to guarantee a defect-free outcome that aligns with stringent quality standards.
A MahaRERA official emphasized the significance of this initiative, stating, “It will ensure a defect-free outcome that adheres to strict quality standards with report.” The regulatory body has reached out to self-regulatory organizations of developers, seeking input to develop the framework for quality assurance reporting.
Ajoy Mehta, Chairman of MahaRERA, emphasized that the focus on construction quality is crucial to ensuring that homebuyers face minimal problems post-possession. The regulatory body is set to define specific procedures and standards to be adhered to during construction. This not only safeguards the interests of customers but also enhances the credibility of the real estate sector.
This proactive approach by MahaRERA reflects a commitment to establishing robust quality control measures, fostering trust among homebuyers, and elevating the overall standards of the real estate industry.