To assist purchasers, MahaRERA will ask builders to report building quality.
Developers will report the quality of the materials used, the craftsmanship, and other factors twice a year in a project using the framework MahaRERA will build for quality assurance reporting. Homebuyers will have access to the report so they may decide on their purchase with knowledge. MahaRERA seeks to establish procedures and standards to reduce the possibility of errors in real estate projects.
According to the Real Estate (Regulation and Development) Act, an allottee has five years from the date of possession to request the correction of any structural flaws or other deficiencies in the promoter's work, quality, or services. Allottees are entitled to compensation if the promoter doesn't make the necessary repairs.
MahaRERA envisions a scenario in which the allottee is not required to seek compensation or even correction if the developer doesn't fulfill their obligations. MahaRERA has therefore suggested a proactive strategy that emphasizes quality from the beginning of construction. By maintaining strict standards, such as the caliber of the building materials and the workmanship, throughout the construction process, it will prevent faults from developing in the first place. It will guarantee a product devoid of flaws and compliant with stringent quality requirements, according to a MahaRERA representative.
In an email, MahaRERA requested feedback from the self-regulatory groups for developers in order to create a framework for quality assurance reporting.
According to Ajoy Mehta, MahaRERA has chosen to concentrate on the quality of construction in order to make sure that homebuyers do not experience issues after they take possession. In order to protect client interests throughout construction, the regulatory body will decide on specific protocols and standards that must be followed. This will also assist to boost the credibility of the real estate industry.