MCHI property 2008 exhibition evokes overwhelming response
Housing Finance Institutions (HFIs) receive high number of loan enquiries
Mumbai, Oct 12: More than 71,124 people visited the just concluded property 2008 exhibition organized by the Maharashtra Chamber of Housing Industry (MCHI) at Bandra Kurla Complex (BKC) from October 9-12, 2008. This is a healthy rise of 14.06 percentage compared to the last exhibition when nearly 62, 356 home aspirants had visited the property show in April 2008.
The loan enquiries received by housing finance companies and banks was placed at Rs. 805.59 crore during the four day exhibition. Flat inquires worth Rs. 411.18 crores were generated during the exhibition
Housing developers had announced attractive incentives for potential buyers during the exhibition. These included stamp duty waiver, free parking, and subvention schemes see attachment
Commenting on the success of the exhibition, Mr. Pravin Doshi, President MCHI said “We are highly encouraged by the overwhelming response to the exhibition. The attendance of quality home seekers on all four days and their interest in the property show indicates the insatiate demand for housing in Mumbai and the state”.
Mr. Mayur Shah, Honorary secretary MCHI said, “Property 2008 exhibition once again proved that there has been growing demand for housing in the country’s commercial capital, Mumbai and its suburbs.
Mr. Harish Patel, Convenor Exhibition, MCHI, “We are pleased with the good response to the property 2008 exhibition irrespective of the little sluggishness in the economy”.
Mr. Deepak Goradia, co-convenor exhibition, MCHI adds, the MCHI has been organizing the mega housing exhibition in order to offer best of the opportunities to the potential buyers. MCHI’s credentials enhanced further with continuous encouraging response from the potential buyers this year.
Following are the winners of the lucky draw (the one’s who had purchased property from MCHI exhibition held in April 2008) :
Prize / Gift
Name of Winner
Property Purchased from
1 BHK FLAT at MARATHON NAGI BADLAPUR
Mr. Kanugovi Vijayavittal
Neelkanth Group
1 BHK FLAT at LOK AMBER, AMBERNATH
M/s. Indore Composite Pvt. Ltd.
Lok Housing
Rs. 60,000 GIFT VOUCHER
Ms. Monica Kapoor
Sunil Mantri Realty Ltd.
Rs. 60,000 GIFT VOUCHER
Mr. Dhruv Balsara
Mayfair Housing
Rs. 60,000 GIFT VOUCHER
Mr. Rashmikant Ganger
Lok Housing
Rs. 60,000 GIFT VOUCHER
Ms. Reena Merchant
Lok Housing
Rs. 50,000 GIFT VOUCHER
Mr. Indrajit Chatterjee
Ekta Supreme
Rs. 50,000 GIFT VOUCHER
Mr. Talamati Mastan
Sunil Mantri Realty Ltd.
Rs. 50,000 GIFT VOUCHER
Mr. Manek Dastoor
Ekta Supreme
Rs. 50,000 GIFT VOUCHER
Mr. Vishal Somani
Neelkanth Group
Rs. 50,000 GIFT VOUCHER
Mr. Mehul Smart
Mayfair Housing
Rs. 50,000 GIFT VOUCHER
Ms. Kalpana Vora
Neelkanth Group
Rs. 50,000 GIFT VOUCHER
Mr. Vijay Deole
Ekta Supreme
Following is the list of stall winners at the exhibition:
Developers Hall A
Winner : MARATHON GROUP
Runner up: 1) KOHINOOR PLANET CONSTRUCTIONS PVT LTD
2) RNA CORP.
Second Runner up: KALPATARU LTD.
B) Excellence in Design Developers - Hall B
Winner : PRUDENTIAL GROUP
Runner up: SKYLINE GROUP
C) Excellence in Design Developers - Hall C
Winner : NEEL SIDDHI ENTERPRISES
Runner up: BUILDTECH CONSRUCTION ENGINEERING & DEVELOPERS
D) Excellence in Design – Banks and HFIs
Winner : ICICI HOME FINANCE
Runner up: 1) STANDARD CHARTERED BANK
2) HDFC LTD.
Category 2: Excellence in Customer Information and Responsiveness
Winner Developers: 1) RUSTOMJEE
2) NEELKANTH MANSIONS & INFRASTRUCTURE LTD
Winner Banks & HFI’s : STATE BANK OF INDIA
Category 3 – Excellence in Innovative Marketing
Winner Developers: NAHAR GROUP
Winner Banks: LIC HOUSING FINANCE LTD.
Category 4 - Excellence in Information
Winner : MUMBAI POLICE
Property 2008, India’s only official and biggest real estate exhibition organized biannually by the MCHI for last nine years, is a one-stop destination for the potential property buyers in Mumbai. Altogether 800 properties by over 85 real estate developers and 15 housing finance companies were on display at MCHI property 2008. The exhibition was organized by MCHI and co-organized by the State Bank of India. The Gold partners of the exhibition were – HDFC, ICICI Bank, Home loans, LIC Housing Finance and AXIS bank. The silver partners of the exhibition were Reliance consumer finance, IDBI Bank and Schindler (i) Pvt ltd.
About MCHI
Maharashtra Chamber of Housing Industry (MCHI), formed in 1982 has now become the most prominent body of real estate builders and developers bringing together members dealing in real estate and construction industry on one common platform to address issues facing the industry. Members of MCHI account for providing more than 80 % or 90% of residential accommodation in Mumbai and its vicinity and helps both the Central and State governments in meeting their objectives or providing shelter. MCHI works towards raising awareness among the general public, real estate and construction industry while providing them with exhaustive information on projects and new developments in and around Mumbai. With over 400 well-recognised and reputed member builders, developers MCHI is affiliated with leading industry associations like FICCI, IMC and CREDAI.
