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MahaRERA will issue quality certification to home buyers
The Hindu  |  September 30, 2019

Dhairya Gajara Mumbai

Supervising engineer has to ensure quality of work as per National Building Code

 

Home buyers in the State will soon be handed a quality certification by the Maharashtra Real Estate Regulatory Authority or MahaRERA for every property they invest in, said Gautam Chatterjee, chairperson, MahaRERA, on Sunday.

 

“Very soon, property or home buyers will get Form 2A that will act as a certificate. This will mention the quality of the product they are buying. It will have the details of the construction — from input materials to the workmanship dedicated to it,” Mr. Chatterjee said. He was speaking on construction (infra, real estate, commercial) at the plenary session of the World Hindu Economic Conference.

 

Under Form 2A, the engineer supervising the project will have to certify that the quality of the construction is as per the National Building Code. All the real estate projects registered after December 1, 2018, are required to submit quarterly information in Form 2A, which shall be uploaded by the end of every financial quarter.

 

MahaRERA is also planning to bring professionals of the construction industry into the field to improve the quality of work. It will train 500 unskilled labourers under the skill development programme of the government. Mr. Chatterjee said, “MahaRERA has trained experts who will help workers improve their skills and quality of the projects.”

 

The MahaRERA chief said the construction industry, which ranks third among major sectors in the country, contributes 8% of the GDP, and that it will rise to 13% till 2030. “Marking the rate of growth in the sector, more than 8.09 million houses have been sanctioned under the Pradhan Mantri Awas Yojana.”

 

MahaRERA also plans to have in place self-regulatory organisations (SROs) to ensure professionalism among all stakeholders and to bring in consistency in practices. As part of the strategy, industry associations like the National Real Estate Development Council, Confederation of Real Estate Developers Association of India, and Maharashtra Chamber of Housing Industry will have to register as SROs, who will take charge of all the members registering on the regulator’s portal, Mr. Chatterjee said, without offering a timeline for the implementation.

 

“In this new initiative, we are planning to have these associations registered with MahaRERA as SROs who will take charge of all the members from a prospective date. This will ensure that no developer will be able to file for registration unless he is an SRO member,” he said.

 

At present, over 22 lakh homes are under construction in Maharashtra with investments worth Rs 8 lakh crore are being tracked by MahaRERA. Besides, over 22,000 projects along with more than 21,000 agents are registered on the portal, Mr. Chatterjee said.