Maha RERA mandates self-declaration of real estate project quality by developers

By Bricksnwall | 2024-05-15

With a focus on technical factors such as structural design, stability, and fire safety.

RA requires real estate developers to self-declare the quality of their projects.

Mumbai: In an effort to ensure that homebuyers receive higher-quality homes, the Maharashtra Real Estate Agency (MahaRERA) has proposed a draft regulation that requires developers to provide a self-certification declaration for real estate project quality assurance as well as detailed information on the project's technical aspects.

It has recommended a yearly self-declaration of quality assurance based on a variety of characteristics, including structural design, stability, testing, input material quality, workmanship, and fire safety measures, among others.

The draft has been published on MahaRERA's website and will be open for changes until May 23.

A MahaRERA representative stated that while every developer claims their project is the greatest in every way, construction quality remains one of the most important considerations. According to the spokesperson, a project's construction quality is determined by a number of scientific and engineering characteristics, including soil testing, structural stability, raw material quality, seismic resistance, and flood control. Achieving good construction quality requires the real estate project's promoter to be strict at each construction stage.

In December 2023, the housing regulator drafted a consultation document on steps to improve home quality and prevent homebuyer complaints such as construction faults or substandard construction quality. Based on the information obtained, a new document was created. It is now proposed that, during the initial phases, compliance with the new regulations be optional.

According to the draft, the names of developers who voluntarily embrace the scheme would be posted on the MahaRERA website, helping to boost their image among potential homeowners. The representative stated that after the transition phase is completed, all developers would be required to follow suit.

The Real Estate (Regulation and Development) Act 2016 includes a provision for defect liability. The regulation protects the interests of flat purchasers by requiring a developer to repair any structural flaws discovered within the first five years at their own expense. The representative stated that these issues must be resolved within 30 days.

While the MahaRERA Act provides remedies for faults and complaint resolution, it is critical to protect flat buyers' interests. As a result, systems and standards must be in place to reduce the likelihood of problems occurring.

Source: Hindustan Times