MahaRERA Mandates Quality Assurance Submissions for Developers

23 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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..