In line with its plan to put in place a grading system for real estate projects, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a consultation paper proposing a framework to have a third-party inspection to ensure quality homes to home buyers. However, initially, it will be optional for developers to join this framework before it is made mandatory for all projects in Maharashtra, says the consultation paper.
Section 14 (3) of the Real Estate (Regulation and Development) Act (RERA) provides for a defect liability period of five years from the possession date and the developer is liable to rectify the defects within 30 days of a complaint at his own expense. However, MahaRERA’s position is that even though the interests of the consumers are being protected by this provision, the proposed framework is aimed at setting standard procedures and construction standards to preempt any quality defects.
https://www.hindustantimes.com/cities/mumbai-news/maharera-moots-system-for-monitoring-quality-of-housing-projects-101701718152926.html
Source: Hindustan Times