31st CREDAI-MCHI Property Expo triumphs with total footfall of 24,716 serious home buyers and over 185 properties booked ranging from Rs. 60 lakhs to Rs. 10 crore

Mumbai…January 29, 2024…The CREDAI-MCHI Property Expo 2024, now in its 31stedition, has continued its triumphant run with an exceptional response from allstakeholders. Held at the prestigious Jio World Convention Centre in BKC, Mumbai,the expo, organized by the apex body of the real estate industry in the MumbaiMetropolitan Region (MMR), CREDAI-MCHI, was held from January 26th to 28th,2024.

 

 The expo successfully concluded, attracting 24,716 genuine customers and booking over 185 properties ranging from Rs. 60 lakhs to Rs. 10 crore during the three days. The event showcased groundbreaking initiatives and innovative concepts, aligningwithCREDAI-MCHI’scommitmentto”Housingforall,”aimingtoenhanceaccessibility, affordability, and streamlining industry processes. CREDAI-MCHI in ajoint endeavour with the Department of Registration and Stamp promoted govern-ment’s recently launched Anytime Anywhere e-registration services and more than155property documentswere e-registeredduring theProperty Expo.

 

Mr. Domnic Romell, President of CREDAI-MCHI,expressed delight at the expo’sremarkable response and said, “The overwhelming turnout of homebuyers at theexpo showcased the positive sentiments in the real estate industry. These were in-terested customers and hence could avail the various offers as well as explore digi-tally smart homes with huge discounts and complementary furnitures. The flexiblepayment options aimed to ease the EMI burden, enhancing homeownership acces-sibility encouraged the total bookings. This expo has provided a golden opportunityto home buyers, channel partners as well as developers setting the mood for theyear going forward. We designed special incentives for women home buyers topromoteinclusivityandempowerment.”

 

Mr.NikunjSanghavi,Convener,PropertyExpo,CREDAI-MCHIsaid,“Thethemeof this year’s expo, “Zero is our Hero,” has garnered significant attention. Exclusiveperks like 0% stamp duty and registration fees further amplified the expo’s appeal.Moreover, the Super CP 2024 scheme, providing an extra 0.25% commission tochannel partners for each confirmed booking. There was a lucky draw with winnerstaking home Rs. 100,000/- every hour. All this ensured a rewarding experience forall.”

 

Sudhanshu Agarwal, Founder, Raghav Builders & Developers, expressed satisfac-tion with the remarkable customer turnout. The expo, being a significant event forhomebuyers, developers, and other stakeholders in the real estate market, provid-ed an extensive opportunity for interaction and collaboration. He emphasized thebenefits that drew customers to their projects, such as a central location, fullyfurnished flats featuring a Pooja room, and the appeal of ready-to-shift homes.Additionally, the innovative rent scheme, where Raghav Builders & Developerswouldcovertherentuntilpossession,waswell-received.

 

Jayesh Chauhan, CMD, Solidago Grouphighlighted the substantial footfall at theirstall during the 31st CREDAI-MCHI property expo. He noted the presence of gen-uine customers and serious homebuyers throughout the event. Despite having sev-eralredevelopmentprojects,Chauhanobservedahighlevelofinterestfromhomebuyers,emphasizingthatcustomersappearedlessskepticalaboutsuchprojects.

 

Chauhan added, that the expo’ has a significant role in shifting the focus of home-buyers towards acquiring a good home or property, especially considering the ben-efits offered throughout the expo. It has emerged as a comprehensive platform forcustomers to explore, compare, and select the most suitable property from a vari-etyofprojects.

 

Ashok Kumar Mandal, one of the walk-in customer and visitor, expressed hisviews, “I had an incredible experience at the expo and thoroughly enjoyed everymoment. The event was splendid, and I believe others must have found it equallybeneficial. Thank you for organizing such a fantastic expo where so many optionsare available on a common ground. It simplifies the decision-making for home buy-ers by comparing and analyzing the deals and projects at one go. Most importantly,the range was humungous from affordable housing to premium and uber luxuryprojects.”

 

RajeshBaikar,aCharteredAccountantandhomebuyerwhobookedhishomeatthe 31st CREDAI-MCHI Property Expo, said, “The property expo has been an intrigu-ing experience, offering a comprehensive view of numerous builders and projects.The expo has developers and projects from all across Mumbai, making it conve-nient and enjoyable to explore all projects. The Enclave project by Raghav Devel-opers, offering premium 2 to 3 BHK homes with modern amenities, signals a posi-tive transformation in Kurla, especially with the connection to the new Atal Setu.This initiative is elevating Kurla’s status and reflects the promising growth of thearea. Very happy to book a home with the Raghav Group along with the benefitsprovidedby the CREDAI-MCHI property expo.”

 

100 developers including reputed names such as Piramal Realty, Adani Realty, L&TRealty, Rustomjee Ajmera, Raghav Group, Dosti Realty actively participated andshowcased over 1000 residential and commercial properties. Additionally, the expopartnered with 12 major banks and housing finance companies presenting morethan 25 home loan options to prospective buyers. Amongst the key players were,HDFCBank,SBI HomeLoans andTata Capital.

 

ABOUTCREDAI-MCHI

CREDAI-MCHI is an apex body comprising members from the Real Estate Industry inthe Mumbai Metropolitan Region (MMR). With an impressive membership of over1800+ leading developers in MMR, CREDAI-MCHI has extended its reach throughoutthe region, establishing units in various locations such as Thane, Kalyan-Dombivli,Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shaha-pur-Murbad, and most recently in Alibag, Karjat-Khalapur-Khopoli, and Pen. BeingtheonlyGovernment-recognizedbodyforprivatesectordevelopersinMMR,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 hous-ing and habitat by establishing close and strong ties with the government. It iscommitted to breaking barriers to create a strong, organized, and progressive realestate sector in the MMR.The vision of CREDAI-MCHI is to empower the Real Estatefraternity of the Mumbai Metropolitan Region as it preserves, protects, and ad-vances the right to housing for all. To continue being a trusted ally, guiding theirmembers, supporting the Government on policy advocacy, and assisting those theyservethroughtheever-evolving realestatefraternity.