RERA seeks realtors' construction quality reports for buyer help
MahaRERA announced its plans to create a framework for quality assurance reporting, where developers would be required to report on the quality of materials used and workmanship twice a year in their projects. The reports, designed to inform homebuyers, were intended to empower them to make well-informed decisions. MahaRERA aimed to establish processes and standards to minimize the likelihood of defects in realty projects. According to the Real Estate (Regulation and Development) Act, buyers were granted a defect liability period, allowing them to seek rectification of any structural or workmanship-related defects within five years from the date of possession. If the promoter failed to rectify these defects, the buyers were entitled to receive compensation. A representative from MahaRERA stated that their vision was to spare allottees the hassle of seeking rectification or compensation if developers failed to deliver. Therefore, MahaRERA proposed a proactive approach, focusing on ensuring quality during the construction phase itself. This approach aimed to prevent defects by maintaining rigorous standards, including the quality of construction material and workmanship throughout the construction process. The goal was to achieve a defect-free outcome that adhered to strict quality standards. MahaRERA reached out to self-regulatory organizations of developers, seeking suggestions for developing the framework for quality assurance reporting. Ajoy Mehta, the chairman of MahaRERA, emphasized the organization's dedication to ensuring the quality of construction. Their focus was on preventing problems for homebuyers after possession. To achieve this, MahaRERA planned to set specific procedures and standards to be followed during construction. These measures were not only designed to protect the interests of customers but also to enhance the credibility of the real estate sector.
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