The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for realty developers to present a quality assurance certificate to the regulator at the end of every financial year and publish it on their respective websites.
This certificate will be based on various factors that determine the quality of the project, including the project’s structural design, stability, various tests, the types of materials used, and the skill level of the workforce involved, fire safety and fire resistance measures, etc.
For this purpose, MahaRERA has amended the MahaRERA General Regulations, 2017, and introduced the MahaRERA General (Amendment) Regulations, 2024. This is applicable on all developers in Maharashtra with immediate effect.“Today, the emphasis on quality is maintained across all sectors. The housing sector is no exception. Nevertheless, quality in this sector remains a topic of ongoing discussion and concern. MahaRERA’s effort is to raise the construction benchmark to make the provisions of defect liability period become irrelevant,” said Ajoy Mehta, Chairman, MahaRERA.
Since December, according to Mehta, MahaRERA has been working to establish preliminary parameters to ensure that constructions are of better quality. A consultation paper was also issued in December. Considering the ambit and importance of the subject, a draft circular discussing all aspects of the matter was issued in April’s last week for opinions and suggestions. Now, the proposal has been given a final shape.
On submission of details by the project’s engineers and supervisors, the developer is expected to verify the details prior to making the quality assurance certificate public. This move is expected to increase developer’s accountability and ensure that homebuyers receive better constructed homes.
As per the provisions with regards to the defect liability period, a developer is obliged to rectify any deficiency in the residences for a period of five years from the date of possession. Every complaint needs to be attended to within 30 days without any cost to the homebuyer.
According to the regulator, every developer will have to ensure quality control at each of the project’s stages, as this will improve a structure’s overall condition. While every developer claims that their project is best on all aspects, so far, a standard framework or parameters has been missing. Hereon, developers will be required to provide such assurance to their purchasers through MahaRERA on an annual basis.
