Mumbai: CREDAI-MCHI successfully inaugurated the 31st edition of India’s largest property expo in Mumbai today. The apex body of the real estate industry in the Mumbai Metropolitan Region (MMR), CREDAI-MCHI, is hosting the Property Expo from January 26th to 28th, 2024, at the Jio World Convention Centre, Gate No. 20, BKC, from 10:30 am to 8:00 pm. The presence of key dignitaries and other prominent developers graced the event.
The focus of this year’s expo is the theme “Zero is our Hero,” unveiling a pioneering initiative that offers buyers zero registration fees and zero stamp duty homes (terms & conditions apply). As an added incentive, CREDAI-MCHI is introducing the Super CP 2024 scheme, providing an extra 0.25% commission to channel partners for each confirmed booking. With over 1000 properties showcased by 100+ developers and 25+ home loan options, this 3-day event is poised to revolutionize the real estate landscape.
Mr. Domnic Romell, President of CREDAI-MCHI, conveyed his enthusiasm for the inauguration, stating, “I’m delighted to announce our expo, boasting the participation of 100+ esteemed developers from the Mumbai Metropolitan Region. We’re offering special incentives for women purchasing homes and availing home loans, aiming to empower them and foster independent homeownership. Additionally, our developers are extending exclusive offers, including a 0% stamp duty and registration fees, ensuring a genuinely gratifying experience for all attendees. With approximately 500 residential and 100 commercial projects on display, this expo presents a prime opportunity for buyers.”
Mr. Nikunj Sanghavi, Convener of the Exhibition, CREDAI-MCHI, shared his views, “The CREDAI-MCHI Property Expo serves as a dynamic platform for developers and financial institutions to connect with genuine homebuyers. People will discover digitally smart homes with discounts up to 9 lakhs, complete with complimentary furniture. We’re easing the EMI burden with flexible payment options. We have also introduced the Super CP 2024 scheme, providing partners with an additional 0.25% commission per confirmed booking.”
Distinguished political figures, including Shri. Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra on January 27, and Shri. Ajit Pawar, the Hon’ble Deputy Chief Minister of Maharashtra, on January 28, will grace the occasion. HDFC Bank Home Loan and SBI Bank have collaborated as partners, collectively working towards enhancing accessibility and affordability in homeownership.
HDFC Bank will support the buyers by providing the facility with the fastest loan. SBI Bank has announced exclusive benefits for buyers at the expo, including waived processing fees for ready-to-move-in housing units, ensuring a seamless experience for customers. The bank has also revised interest rates to enhance the financial viability of property acquisition. Additionally, SBI introduced the Capitalization Scheme, granting an 18-month moratorium period before EMIs commence, facilitating flexible payment schedules. Collaborative projects with SBI receive a 5% concession on the base rate, with further benefits based on group dynamics.
The Expo garnered participation from renowned developers, including Piramal Realty, Adani Realty, Raymond Realty, Dosti Realty, Rustomjee Group, Ajmera Realty & Infra India, L&T, Veena Developers, Ashar Group, Jangid Group, Raghav Raj Builder and Developers, Puneet Group, Runwal Real Estate Pvt. Ltd., Atul Project, and UK Realty. Financial institutions such as HDFC, SBI, KANAI INFRA LLP, Tata Capital, Bank of Baroda, L&T Finance, ICICI Bank, LIC HFL, Axis Bank, Bank of Maharashtra, Bank of India, and Hinduja Housing Finance, among others, are actively participating in the expo.
Boasting a prosperous history spanning 30 successful editions, the CREDAI-MCHI Property Expo continues to stand as a prestigious platform for the Real Estate Industry. Recognized and trusted on a broad scale, this expansive B2C industry show is positioned to advance development projects and make a lasting impact on potential homebuyers.
ABOUT CREDAI-MCHI:
CREDAI-MCHI is an apex body comprising members from the Real Estate Industry in the Mumbai Metropolitan Region (MMR). With an impressive membership of over 1800+ leading developers in MMR, CREDAI-MCHI has extended its reach throughout the region, establishing units in various locations such as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibag, Karjat-Khalapur-Khopoli, and Pen. Being the only Government-recognized body for private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the industry’s organization and progress.
As a part of CREDAI National, an apex body of 13000 developers across the nation, CREDAI-MCHI has emerged as a preferred platform for regional discussions on housing and habitat by establishing close and strong ties with the government. It is committed to breaking barriers to create a strong, organized, and progressive real estate sector in the MMR. The vision of CREDAI-MCHI is to empower the Real Estate fraternity of the Mumbai Metropolitan Region as it preserves, protects, and advances the right to housing for all. To continue being a trusted ally, guiding their members, supporting the Government on policy advocacy, and assisting those they serve through the ever-evolving real estate fraternity.
