May 16, 2024: To ensure that homebuyers in the state get access to quality homes, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed a proactive approach centred on quality assurance as its primary objective.
Under this the developer has to share details about the project’s technical aspects that he is developing through a self-declaration form.
This approach supports preventing defects from arising initially, thereby obviating the need for costly rework. By ensuring rigorous standards of material quality and workmanship throughout the construction process, real estate projects can be executed with a defect-free outcome that adheres to strict quality standards.
This proactive stance not only benefits homebuyers by delivering high-quality homes but also contributes significantly to the sustainability and reputation of the real estate industry. It highlights the importance of quality assurance as a pre-emptive measure rather than just a reactive one, ultimately bolstering the trust and confidence of homebuyers in the real estate market.
In light of this, the MahaRERA has developed Quality Assurance Certificate wherein the promoter shall report on yearly basis on following four parameters:
(1) Structural Design, Stability and Testing
(2) Quality of Input Materials
(3) Quality of Workmanship
(4) Miscellaneous
The declaration shall be displayed to homebuyers for informed decision making. The proposed Form 2A shall replace the existing Form 24.
The MahaRERA has invited all stakeholders to submit their suggestions/ views on the proposal latest by May 23, 2024 by email to suggestions.maharera@gmail.com.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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