What is Quality Assurance Certificate in MAHARERA ?

What is Quality Assurance Certificate in MAHARERA ?
  • Tuesday 12th March 2019
  • Author: Riya Kapoor

Highlights

  • Certification in FORM 2 by an engineer is required to certify the estimate of cost and cost incurred for the purpose of withdrawal of money from the designated account.

  • The objective of the RERA Act is to facilitate growth and promotion of a healthy, transparent, efficient and competitive real estate sector, there is need to ensure the quality of the work.

  • The Form 2A shall be uploaded by the end of every financial quarter.

As per Section 4(1)(D) of the real estate regulation and development act 2016 states that certificates are required for withdrawal of amount from designated account to ensure that withdrawal is in proportion to the percentage of completion of the project.

Certification in FORM 2 by an engineer is required to certify the estimate of cost and cost incurred for the purpose of withdrawal of money from the designated account.

Section 14(3) of the RERA mandates a promoter of a registered project to ensure completion free from structural defects or any other defects in workmanship etc. The objective of the RERA Act is to facilitate growth and promotion of a healthy, transparent, efficient and competitive real estate sector, there is need to ensure the quality of the work being carried out in projects that are registered with RERA.

Whereas it is felt necessary that a certificate from an Engineer who supervises the work appointed by Promoter be prescribed, to ensure the quality of the materials being used on the project. A format for this purpose has been proposed and designated as Form-2A also known as Engineer Certificate for Quality Assurance. This format has been finalized after due consultation with stakeholders.

 

All the real estate projects registered after 01.12.2018 are required to submit quarterly information in Form 2A. The Form 2A shall be uploaded by the end of every financial quarter.

To conclude, all the real estate projects registered post 01 December 2018 are required to submit FORM 2A every quarter to MAHARERA.

 

For any query related to any form, you can contact us.

 

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