As per, the Real Estate (Regulation and Development) Act, 2016 a significant emphasis is placed on the Quality of Construction. Section 14(3) of the Act stipulates that “In case any structural defect or any other defect in workmanship, quality or provision of services or any other obligations of the promoter as per the agreement for sale relating to such development is brought to the notice of the promoter within a period of five years by the allottee from the date of handing over possession, it shall be the duty of the promoter to rectify such defects without further charge, within thirty days, and in the event of promoter’s failure to rectify such defects within such time, the aggrieved allottees shall be entitled to receive appropriate compensation in the manner as provided under this Act.”.

While the Act does provide remedial measures for defect rectification, it is essential to recognize that the best approach to safeguarding the interests of homebuyers is not limited to offering remedies after defects have surfaced. Instead, the focus should be on establishing processes and standards that minimize the likelihood of defects occurring in the first place.

MahaRERA has now proposed a proactive approach centred on quality assurance as its primary objective. 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 preemptive measure rather than just a reactive one, ultimately bolstering the trust and confidence of homebuyers in the real estate market.

In light of this, MahaRERA is desirous of developing Framework for Quality Assurance Reporting. It is proposed that developers should report on Quality of Materials used, Workmanship etc. on bi-yearly basis, which shall be displayed to homebuyers for informed decision making.

In this regard, we kindly request your valuable inputs for development of Framework for Quality Assurance for Real Estate Projects in Maharashtra. Please submit your input to suggestions.maharera@gmail.com by the deadline of October 31, 2023.

Also Read: 291 Real Estate Projects May lose MahaRERA registration on Nov 10

You May Also Like

Amitabh Bachchan Sells Duplex Apartment in Mumbai for Rs. 83 Crore

Bollywood legend Amitabh Bachchan has sold his duplex apartment in Oshiwara, Mumbai, for Rs. 83 crore. The high-end property in The Atlantis, spanning over 5,700 sq. ft with a spacious terrace and six car parking spaces, reflects a 168% appreciation since its purchase in 2021. The transaction highlights the robust demand for luxury real estate in Mumbai.

291 Real Estate Projects May lose MahaRERA registration on Nov 10

Maharashtra Real Estate Regulatory Authority (MahaRERA) has said that it may revoke…

Decoding Property Regulations: Legal Considerations for NRI Real Estate Investors

By Manju Yagnik, Vice Chairperson of Nahar Group and Senior Vice, President…

Warehousing & Logistics Absorption Increased by 8% Annually in H1 2024, with Mumbai and Pune Leading

New Delhi, 1st August 2024: The first half of 2024 saw a…