MahaRERA Mandates Quality Assurance Submissions for Developers

21 Aug 2024 CW Team

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for developers to submit a quality assurance certification for their projects. This new requirement aims to enhance construction standards and ensure greater accountability within the real estate sector. By mandating these submissions, MahaRERA intends to boost consumer confidence and create a more transparent environment for buyers.

Under this directive, developers will need to provide detailed reports that confirm adherence to quality standards at every stage of the construction process. The focus is on ensuring the durability, safety, and overall quality of the projects being delivered to buyers. This move comes in response to rising concerns about the quality of construction in various residential and commercial projects across the state.

MahaRERA's decision is expected to streamline the process of monitoring real estate developments and encourage developers to prioritise quality from the outset. Failure to comply with these guidelines could lead to penalties, further pushing developers to meet the prescribed standards.

This initiative aligns with the authority?s ongoing efforts to bring more transparency and reliability to the real estate sector, ensuring that buyers receive what has been promised. With this regulation in place, Maharashtra is likely to see improved quality in upcoming real estate projects, benefiting both developers and consumers.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..