The Maharashtra Real Estate Regulatory Authority has made it mandatory for developers to present a 'Quality Assurance Certificate' to MahaRERA at the end of every financial year.
MahareraQuality Assurance CertificateReal EstateDevelopersHomebuyersReal Estate MumbaiAug 20, 2024
The Quality Assurance Certificate is to ensure that developers maintain quality in their projects and provide better-constructed homes to homebuyers.
The developer is responsible for verifying the details of the Quality Assurance Certificate and signing it before making it public.
The factors that determine the quality of a project include structural design, stability, tests, types of materials used, skill level of the workforce involved, fire safety and fire resistance measures, etc.
The defect liability period is a period of five years from the date of possession during which the developer is obliged to rectify any deficiency in the residences.
MahaRERA's role is to establish standardised procedures and construction quality, and to ensure that developers maintain quality in their projects.
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