MahaRERA has proposed that realty developers provide an annual self-declaration of their projects' quality assurance based on multiple parameters such as structural design, stability, testing, quality of input material, quality of workmanship and various other crucial aspects. The Draft Regulation for Project's Quality Assurance is aimed at setting standards for processes, material and minimising the occurrence of defects and trouble for homebuyers. It is proposed that during the initial phases, abiding by the new regulations will be optional. Once the transition phase is over, it will become mandatory for all the developers to follow. The draft is available on MahaRERA's website for public feedback until May 23. Suggestions on the draft can be sent on suggestions.maharera@gmail.com.
In an attempt to ensure that homebuyers get better quality homes, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has floated a Draft Regulation for Project's Quality Assurance. Through the self-certification declaration of the same, the developer will have to provide detailed information on the project's technical aspects.
MahaRERA has proposed that realty developers provide an annual self-declaration of their projects' quality assurance based on multiple parameters such as structural design, stability, testing, quality of input material, quality of workmanship and various other crucial aspects. The move is aimed at ensuring setting standards for processes, material and minimising the occurrence of defects and trouble for homebuyers.
It is proposed that during the initial phases, abiding by the new regulations will be optional. Names of those developers voluntarily adopting the system will be put up on MahaRERA website and will assist in adding credence to their reputation towards potential homebuyers. Once the transition phase is over, it will become mandatory for all the developers to follow suit.
The draft is available on MahaRERA's website for public feedback until May 23. Suggestions on the draft can be sent on suggestions.maharera@gmail.com.
The Real Estate (Regulation and Development) Act, 2016 has a provision on defect liability. Section 14 (3) of the RERA Act safeguards flat purchaser's rights by making a developer accountable to rectify any structural defects, which are brought to the notice within the initial five years. These defects are expected to be rectified by the developer at their own expense within 30 days. In case the promoter fails to rectify such defects within the given time, homebuyers shall be entitled to receive appropriate compensation in the manner provided under the Act.
In December, MahaRERA had released a discussion paper on the measures for better quality homes and pre-empt homebuyer complaints related to defects in construction or sub-standard construction quality.
The need for such a regulation arose owing to repeated discussion and concerns over construction quality delivered by the real estate sector. According to MahaRERA, while the law provides remedial measures for defect rectification, it is essential to safeguard home buyers' interests and therefore the need to have processes and standards to minimise the occurrence of defects.
Achieving good construction quality is only possible if the real estate project's promoter is stringent at each of the construction stages. This move is expected to alleviate concerns about the quality of construction in the real estate sector.
As per the self-declaration, several essential questions that need to be addressed on-site. Some of those include, in terms of structural design and stability, relates to soil testing before the design process, appointment of structural engineers, periodic certification for quality control, etc.
It will also include factors such as on-site testing facility to inspect raw material quality, regular inspection of the construction site to ensure the quality of materials like cement, concrete, steel, electrical wires, plumbing fittings, etc.
Furthermore, after completion of the project, details regarding fire safety, earthquake-resistant measures, and other similar matters need to be documented and certified by the project supervisor and engineers. The promoter of the project will also have to re-validate these prior to submitting the 'Self-Declaration on Quality Assurance' to MahaRERA.
This draft regulation seeks to standardise quality assurance practices across real estate projects in Maharashtra and aid in improving overall standards in the sector. If implemented effectively, this could help boost homebuyer confidence in the quality of homes delivered. Developers will also benefit from such quality certifications that can enhance their brand value in the market.
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