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Wednesday, October 31, 2012

MCHI- CREDAI Mumbai Expo: 120 Developers, Showcase 15,000 Properties


Developer body MCHI - CREDAI has embarked on an ambitious 4 day property expo from November 01, 2012 showcasing flats, bungalows & commercial offering from across Mumbai city and the MMR (Mumbai Metropolitan Region).

With India's leading private bank Axis Bank joining in as the co-organiser, the 20th edition of MCHI-CREDAI’s Real Estate and Housing Finance Exhibition will kick-start at MMRDA Grounds, Opposite Bharat Diamond Bourse at Bandra Kurla Complex, Mumbai.

15,000 properties, 120 developers..!

Spread over an area of 30,000 square meters, this edition of the property exhibition will showcase above 15,000 properties by over 120 developers, including several new entrants.

They will showcase properties from across Mumbai and MMR, ranging from 1 / 2 / 3 / 4 / 5 BHK houses and flats, studio apartments, duplex, penthouses, row houses, bungalows, apart from featuring second homes / holiday homes, NA plots, shops & office premises. Reflecting growing interest from outside Mumbai, some properties from Pune & even Kerala will be on display here.


The property fair offers a good opportunity not only for domestic buyers but also for NRIs (Non - resident Indians) who are looking to invest back at home. As many as about 15 HFCs (home finance companies) will also set up their stalls to offer spot home loans.

Mr. Paras Gundecha, President, MCHI-CREDAI, said, “This is an event that was waiting to happen. House buyers have literally been sitting on a fence due to a variety of reasons. But now that the prices have stabilised and more & more new projects are coming up, it is the right time to plan for one’s dream home. The investment in a house is costliest one that an Indian makes in a lifetime. “This is exactly why, we have come with this idea of holding this exhibition with properties to suit everyone's pocket - from 1 BHK to Bungalows & Penthouses. We are sure that those who run around in search of their dream homes will find an answer here, at the MCHI-CREDAI  Fair.”

Mr. Jairam Sridharan, Head (Consumer Lending & Payments) Axis Bank said, "We see traction in the real estate market of Mumbai after a long gap. What the Mumbai customer / buyer is looking for is some improvement in the sentiment & some clear signs which differentiate the serious players from the rest. The entire country looks up to Mumbai when it comes to real estate & we are starting to see some positive developments here. We wish all the best to the participating builders / promoters / developers and hope the search for a dream home of every consumer ends here"

The visitor will have a new experience with valet parking, registration counter with state-of-the-art technology that depicts product locator, a Kid Zone where kids can enjoy while their parents are shopping for their “Dream Homes”.

In line with the high-tech trend, MCHI - CREDAI will implement a unique QR code to facilitate house buyers to focus on their search as per their requirement.

Mr. Bandish Ajmera, Chairman, Exhibition Committee, MCHI-CREDAI, said, “With current market conditions, budget houses will be a major attraction for house buyers at this property show. We are confident that house buyers will throng in large numbers to have a look at the wide choice of properties on display. All in all, this will be a never-before opportunity for home buyers as well as investors since this is the right time to buy.”

The shown assumes an added significance in view of the fact that MCHI - CREDAI has adopted a self regulatory code of conduct for developers to ensure transparency in real estate transactions.

Contact
Maharashtra Chamber of Housing Industry
Maker Bhavan-II, 4th Floor, 18, V. Thackersey Marg, New Marine Lines,
Mumbai 400 020
Tel :  91 - 22 - 4212 1421
Fax :  91-22-4212 1407 / 11
E-mail   : mktg@mchi.net

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