MahaRERA has introduced a mandatory requirement for developers to submit a Quality Assurance Certificate annually. This move aims to enhance consumer protection and ensure the quality of real estate projects in Maharashtra. The certificate, which must be published on developers' websites, assesses various factors like structural design, material quality, workforce skill, and safety measures. It also includes the results of key tests such as soil analysis and structural integrity checks.
For homebuyers, this mandate provides an added layer of security by ensuring their investment meets regulatory standards. It helps reduce issues related to structural defects and boosts buyer confidence in the market. Developers, on the other hand, will have to adopt stricter construction protocols and work with certified agencies to ensure compliance with MahaRERA's quality guidelines. Although this may increase initial project costs, the long-term benefits include improved reputation and customer trust.
Additionally, developers are obligated to address any defects in their projects for up to five years after possession, further protecting homebuyers. This regulation is a significant step towards a more transparent and reliable real estate sector in Maharashtra, promoting higher standards in project delivery.
© 2023 Rera News. All rights reserved.