Mumbai Real Estate: MahaRERA's Plan to Plug Leakage Issues in Apartments
MahaRERA makes third-party quality assurance certificate mandatory for developers to address leakage issues in Mumbai apartments
Mumbai Real EstateMahareraLeakage IssuesQuality Assurance CertificateThirdparty InspectionReal EstateAug 22, 2024
This move is aimed at ensuring that developers adhere to strict quality control measures, reducing the likelihood of leakage issues in apartments. The certificate will be issued by a third-party agency, which will conduct regular inspections of the project to ensure compliance with quality standards.
According to a MahaRERA official, the regulator has received numerous complaints from homeowners about leakage issues in apartments.
Frequently Asked Questions
What is MahaRERA's plan to address leakage issues in apartments?
MahaRERA has made it mandatory for developers to submit a third-party quality assurance certificate to the regulator every six months.
Why has MahaRERA set up a committee to investigate complaints about leakage issues?
MahaRERA has set up a committee to investigate complaints about leakage issues and suggest measures to prevent such issues in the future.
How will MahaRERA's move affect the real estate sector in Mumbai?
MahaRERA's move is expected to restore confidence among homebuyers and ensure that developers adhere to quality standards.
What is the role of the Maharashtra Chamber of Housing Industry (MCHI) in the real estate sector?
MCHI is a trade association that represents the interests of developers in Maharashtra and has been instrumental in promoting the real estate sector in the state.
What is the purpose of the third-party quality assurance certificate?
The third-party quality assurance certificate is aimed at ensuring that developers adhere to strict quality control measures, reducing the likelihood of leakage issues in apartments.
Related News Articles
Explaining China's Housing Crisis: The Perfect Storm of Oversupply
China's once-booming real estate market has been facing a prolonged housing crisis
Mumbai Sees Surge in Property Registrations: A 22% Rise in May
Property registrations in Mumbai have witnessed a significant increase of 22% in May, with a promising trend expected to continue in the coming months.
Mumbai's Realty Market Sees a Surge in August 2024, Contributing ₹1,000 Crore to State Exchequer
The city of Mumbai has recorded approximately 11,735 property registrations in August 2024, contributing over Rs 1,072 crore to the state exchequer, with sustained buyer confidence resulting in consistent sales.
Godrej Properties Q2 Profit Jumps 5 Times to Rs 335.21 Crore
Real Estate investments in the sector surged to USD 2.2 billion in Q3, marking a significant boost in the market capitalisation. Latest company results and market news highlight the robust performance of Godrej Properties.
₹4 Crore Fraud Accused Re-Arrested in Gopalganj
Guddiya, who was initially arrested in Faridabad, Haryana, managed to escape from police custody while being transported to Pune. However, she has now been rearrested in Gopalganj, Bihar.
Pune: PMPML Introduces Front Door Boarding for Senior and Vulnerable Commuters
Pune: In a boon for elderly and vulnerable passengers, the Pune Municipal Corporation (PMPML) has introduced a new rule allowing front door boarding on all its buses. This initiative aims to provide greater safety and convenience to those who need it most