MCHI gets outstanding response for 2nd ‘Budget Property 2009’ expo

Mumbai, August 05, 2009: Maharashtra Chamber of Housing Industry (MCHI), the most prominent body of real estate builders and developers in India has received an awe-inspiring response to their recently organized 2^nd Budget Property exhibition simultaneously held at R City, LBS Marg, Ghatkopar (W) (central suburbs) and Raghuleela Mall, Kandivali (W) (western suburbs) during July 31 to August 2, 2009. The visitor’s turnout was 9,696 and 17,241 at Ghatkopar and Kandivali exhibition respectively.

This three days exhibition was inaugurated by Shri. Arun Kumar Agarwal, General Manager & Business Head (PB) - I, State Bank of India & Shri. Shubhash Runwal, Chairman, Runwal Group, at Ghatkopar and Smt. Shubha Raul, Mayor, Mumbai at Kandivali.

Considering the rising demand of affordable housing MCHI conducted property exhibition at two locations simultaneously. The exhibition was focused on properties in the range of Rs.10-50 lakh & Lifestyle Homes above 50 Lakh as well.

“We have seen an encouraging response from the home buyers as our exhibition was held when the large numbers of buyers were looking out for an affordable housing at various locations in the western and central suburbs of the Mumbai. The response also had confirmed that the trend is in favour of affordable housing as well as quality lifestyle homes”, said Mr. Pravin Doshi, President MCHI.

“It was a co-incidence that the central government announced a special incentive one percentage point interest subsidy together with the tax benefit that makes home loans really cheap. It had created a positive impact on the exhibition with potential buyers rushing towards the expo to grab the opportunity of the affordable homes showcased in the exhibitions.” said Mr. Harish Patel, Convener, Exhibitions MCHI.

“We are extremely happy with the success of the Budget Exhibitions, the concept MCHI unveiled last year to cater the changing need of the housing and also aided in reviving the market sentiments in general. The Budget Exhibitions also have mutually benefited the buyers and developers very well”, said Mr. Deepak Goradia, Co-convenor Exhibitions, MCHI.

As many as twenty one leading developers and builders from India including Ackruti City Ltd, Lodha Group, Mayfair Housing Pvt. Ltd., Rustomjee, Arihant Universal, Disha Direct Marketing Services Pvt Ltd., Dosti Group, Neelkanth Mansions Ltd, Everest India Limited, Nirmal Lifestyles, Neptune Group, Runwal Group, Mittal Builders, Royal Palms India Pvt. Ltd. , Godrej Properties Ltd., had showcased their properties at the exhibitions. Properties from Andheri to Virar and beyond were displayed in the western suburbs exhibition at Kandivali while properties from Ghatkopar/Chembur to Mulund, Thane, Kalyan, Navi Mumbai, Panvel and beyond were displayed in the central suburbs exhibition at Ghatkopar in the 2^nd Budget Expo 2009. Among the HFIs were State Bank of India, ICICI Home Finance and HDFC Ltd. at both the locations.

About MCHI:

Maharashtra Chamber of Housing Industry (MCHI), formed in 1982 is the most prominent body of real estate builders and developers in the country. MCHI brings together members dealing in real estate development on one common platform to address issues facing the industry. Members of MCHI account for 80 of new residential accommodation in Mumbai and its vicinity. MCHI helps both the Central and State governments in meeting their objectives of providing housing, which is a basic necessity. MCHI works towards raising awareness among the general public, real estate and construction industry while providing them with detailed information on projects and new developments in and around Mumbai. With over 400 well-recognized and reputed member builders and developers, MCHI is affiliated with leading industry associations like FICCI, IMC and CREDAI.

MCHI and PROPERTYMIXER.COM come together to bring you the FIRST EVER IN INDIA-ONLINE REAL ESTATE EXHIBITION

New Delhi- 9 April 2009

It is that time of the year again! The hottest property event of the year is on the cards. In a move that will be highly welcomed by all those looking for real estate investment avenues, organizers MCHI (Maharashtra Chamber of Housing Industry) and co-organizers SBI (State Bank Of India) have combined forces with Propertymixer.com to hold India’s first online real estate exhibition “Property 2009” from April 9-31 2009. An initiative that not only takes real estate in India to a new and higher level but also ushers in a techno-savvy era for the same.

The event has generated enthusiastic participation from as many as 80+ developers and boasts of a display of 1200 projects ranging from luxury homes to those that fit into the pockets of budget conscious buyers. Designed to invite investors from all over the globe, the online exhibition promises convenience and an array of attractive options in residential and commercial properties. NRI visitors, especially, will find it easy to access properties of their interest and can even communicate with respective builders using the ‘Live Chat’ option which ensures an ‘on the spot’ clarification of any query. The exhibition provides a virtual but comprehensive glimpse into the real estate market that not only allows investors to compare prices but also evaluate project locations.

“We aim to provide a platform that brings the buyer and seller in close proximity to each other irrespective of the physical miles that separate them. In direct contrast to the current volatility of the stock market, the real estate market provides a long- term stable investment with high probability of attractive returns and we want to provide people with tangible alternatives in investment. The recession as well as consequent depreciation in rupee has resulted in attractive real estate prices that would allow NRI’s to get great deals!” says Mr. J S Augustine, MCHI’s Coordinator, exhibition committee.

Mr. Zubin Mehta CEO MCHI while reaffirming Mr. Augustine’s viewpoint also adds, “It is a pleasure to be trail blazers in the Indian real estate market. Our exhibitions have always succeeded in providing appropriate guidance, support and assurance of safety to prospective global investors and we are proud to launch yet another- one of its own kind- event in our own country.”

Investors will find it heartening to know that financial support for their housing aspirations will be offered by participating financial institutions such as SBI, LIC Housing Corporation, ICICI and HDFC. A fall in the interest rates on home loans makes this the right time to capitalize on such opportunities.

Ms. Minal Arora, CEO, Propertymixer.com says “We are the only real estate business networking platform in the country and are honored to present aspiring home owners with the chance to realize their dreams. After the highly successful online exhibition in Dubai last year we wanted to emulate the model for India. We have equipped the exhibition with user friendly navigation tools to enable potential investors to take a well informed tour of the properties on offer. As a support mechanism we also provide a continuous communication channel with the developers and builders. Our aim is to ensure that investors are able to take well informed decisions. With this initiative, we hope to go beyond the success we have already experienced.”

With all prevalent trends pointing to a buyers market it is the right time to take the plunge into property by pre registering for the exhibition on http://OnlineExpo.mchi.net Take a forward step towards making your dreams realty!

ABOUT MCHI

MCHI started its operations in 1982 and has emerged as the leading body among real estate builders and developers across the company. It provides a popular and informative platform to those involved in real estate where they can meet and discuss relevant issues. With over four hundred reputed builders and developers as its members it plays a pivotal role in advancement of the real estate market. It is affiliated with leading bodies like FICCI, IMC and CREDAI.

ABOUT PROPERTYMIXER.COM

Propertymixer.com, started by an enterprising visionary Ms.Minal Arora, is a unique platform that provides all those interested and involved in real estate an opportunity to network and build business relationships. Today, it has a multitude of satisfied members and continues to mark its presence by undertaking leading initiatives in the real estate industry.

For more information contact: media@propertymixer.com

MCHI Dubai expo evokes encouraging response despite Mumbai terror attacks

Mumbai, December 09, 2008: Maharashtra Chambers of Housing Industry (MCHI), the most prominent body of real estate builders and developers in India has received an encouraging response to their recently organized property exhibition the ‘India Realty Expo 2008’ held in Dubai, though it was mellowed down to a great extent due to the terror attacks in Mumbai on the same days.

“We have seen a reduced response but with very genuine enquires, with 367 families aggregating to around 1,100 walk-ins at the exhibition, despite the tragic events in Mumbai towards end November,” said Mr Zubin Mehta, CEO MCHI. “A high number of walk –ins was serious buyers,” he added.

Twenty five leading developers and builders had participated in the same property exhibition out of which Rustomjee, Neelkanth, Aakar, Kalpataru, Better Homes, G.C. Group, Kanakia, Godrej and Hiranandani has successfully managed to boost their sales. As per the overall response and analysis of the exhibition sales has been expected to increase during the holidays and the vacation period in the month of December 2008.

“The biggest challenge which the exhibition faced was almost all the NRIs in the U.A.E. being stuck inside their homes, watching the news channels and worrying about their near and dear due to the Mumbai terror attacks. However, despite the 'challenged sentiment' of the overall market scenario in Dubai and the Mumbai crisis, the turnout was an achievement in itself”, said Mr Mehta.

“Over 60% of the walk-ins were Mumbai specific and this created an opportunity for the Developers to close few sales on the spot. The customers have had their initial dialogue with the Developers and have shown keen interest to conclude the sales during their visit to India in this vacation.” says Mr. J.S.Augustine, Co- Chairman, International Exhibitions, MCHI.

About MCHI

Maharashtra Chamber of Housing Industry (MCHI), formed in 1982 is 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-recognized and reputed member builders, developers MCHI is affiliated with leading industry associations like FICCI, IMC and CREDAI.

For more details please contact :

Adfactors PR (022 22813565)

Dattu Hegde (98202 95646)

MP Joshi (93232 55690)

Kavita Nagavekar (96191 38779)

Property Exhibitions move online – trendsetter in Global Realty

Within 24 hrs of its launch, the first ever property exhibition, launched by Maharashtra Chamber of Housing Industry (MCHI) and the leading Real Estate Networking Portal PropertyMixer.com is getting huge response and success.

Owing to the increasing number of visitors visiting the MCHI exhibitions and the fact that investors for Indian Real estate are really spread across the globe, MCHI has for the first time ever, launched an ONLINE EXHIBITION that will run from 27th to 29th Nov 08, parallel to it's India Property Show at Renaissance Hotel in Dubai.

The "Online Exhibition" is a unique initiative, where visitors will be able to view "Online Stalls" of all participant developers of the India Property Show and they not only will be able to access all properties showcased during the show, but will be able to interact with all developers, one-one as they would in a real exhibition. This initiative will help investors sitting anywhere in the world to be able to access the latest projects launched by some of the premium developers of Maharashtra namely Rustomjee, Hiranandani Constructions, Kalpataru, Neelkanth developers, Mayfair Housing, Nahar Group, Bramha Builders, Parjapati Group, Pathy Housing etc and also shortlist properties based on prices, locations and other facilities.

The Online Exhibition can be visited on http://VExpo.propertymixer.com and it is receiving tremendous response from NRIs across the globe, who are find it a useful tool to interact with developers directly and also earn a zero percent commission on purchasing without any agents being involved.

The freshness of the concept coupled with its rich 3d graphic displays of stalls and properties is causing a sensation in the Online Realty Industry and is seen to take Real Estate Exhibitions to the next level.

First Ever "ONLINE EXHIBITION" to be launched for India Realty Expo 2008

MCHI & PropertyMixer.com, join hands to launch the "FIRST EVER ONLINE EXHIBITION" for MCHI’s India Realty Expo to be held from 27th to 29th Nov 08, in Dubai

Dubai – The Oasis of the Gulf will witness MCHI‘s India Realty Expo 2008 in association with CREDAI showcasing some of the most exquisite properties in India. For many years Dubai has been home to large number of Indian expatriates. This event becomes an excellent opportunity for them to take a peep at the realty developments in India.

INDIA REALTY EXPO 2008 – DUBAI will be held on 27th, 28th & 29th Nov 2008 at the Renaissance Hotel, Diera, Dubai and the timings are 5pm – 9pm on Thursday 8th May & 11 am – 9 pm on Friday & Saturday 9th & 10th May respectively.

Inspite of the sloppy stocks and the gloomy world economy, Indian Real estate has not really seen any signs of a slowdown, owning to the increasing number of NRIs who at the very least, wish to be prepared to move back by having at home at home. Owing to the increasing number of visitors visiting the MCHI exhibitions and the fact that investors for Indian Real estate are really spread across the globe, MCHI has for the first time ever, launched an "ONLINE EXHIBITION" that will run from 27th to 29th Nov 08, parallel to it's India Property Show at Renaissance Hotel in Dubai.

The "Online Exhibition" is a unique initiative, where visitors will be able to view "Online Stalls" of all participant developers of the India Property Show and they not only will be able to access all properties showcased during the show, but will be able to interact with all developers, one-one as they would in a real exhibition. This initiative will help investors sitting anywhere in the world to be able to access the latest projects launched by some of the premium developers of Maharashtra namely Rustomjee, Hiranandani Constructions, Kalpatru, Mahar Group, Builders etc and also shortlist properties based on prices, locations and other facilities.

This will provide a unique opportunity for those who wish to invest in India, specially Maharashtra and can’t make it physically to the exhibition, to be able to address their queries and concern through the live support offered online. All properties will be available on Maps, with exact locations plotted, making it easier for investors to identify a price versus location matrix and hence shortlist properties.

The Online Exhibition will begin from the 27th Nov 08 and end at midnight 29th Nov 08 at http://VExpo.propertymixer.com. Investors and all real estate enthusiasts can pre-register for the event and the online exhibition at the same URL.

71,124 people visit MCHI property 2008 exhibition

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.

PROPERTY 2008 : The Largest Property Super Market

2nd April 2008

Property 2008 an exhibitive extravaganza is all set to become a one-stop destination for potential property buyers in Mumbai

Maharashtra Chamber of Housing Industry – MCHI’s Property 2008 – 12th Real Estate & Housing Finance exhibition will be held at the Bandra Kurla Complex, MMRDA Grounds, Opp. Citibank from 17th to 20th April 2008, from 11.00 am to 8.00 pm. The exhibition is organized by MCHI and co-organized by LIC Housing Finance & SBI. The Gold Partners are HDFC & ICICI & Silver Partners, DHFL & AXIS BANK.

Spread over an area of 25,000 sq. metres consisting 3 A/c halls, Property 2008 will have leading property developers and Housing Finance Institutions (HFI) participating from Mumbai, Navi Mumbai, Thane and rest of India along with International property developers.

Mr. Mayur Shah, Convenor, Exhibitions MCHI said, “This being home buying season, buyers want to settle in their new homes before school starts in June, this Property Exhibition will ideal opportunity to select property of choice & budget. As summer vacations commences many home buyers find this a perfect time to buy a new home and shift during the vacations as well.”
As many as a 100 + Real Estate Developers including Global Corporations and pan-India project-developers will be here to share the platform and negotiate interpersonally with around 1,00,000 buyers. In the Residential Property category, on display will be 1-5 BHK Flats, Duplex, Apartments, Penthouses, Bungalows, Row Houses and more. The Commercial Properties will display Retail outlets in Malls ,Multiplexes, Commercial Shops, Industrial Galas, Office Premises, Corporate Parks, IT Parks, SEZ. The Financial Products section, around 15 HFI’s & Banks, will offer spot home loans at competitive rates as well as home loan insurance.

The participants at this Mega Exhibition will display their properties from Mumbai, Thane, Navi Mumbai, Pune, Goa, Bangalore, Chennai, Delhi, Hyderabad, Kolkatta, Jaipur, Kochi, Lucknow, Nagpur, Nasik, Panchgani, Karjat, Neral, Sangli, Lonavala, Murbad etc. To add International color there would be participation from locations such as Dubai, Australia etc.

A JOB Fair again with a differenceThis time, Property 2008 will also play host to a unique 3rd Job Fair specially designed for the Real Estate Industry: The rapid growth in Retail and Infrastructure has created such an opportunity for specialization in quality manpower in the real estate industry that it will seek to provide professionals a well honed platform for growth and advancement in their respective careers. The Realty Industry will be looking at Professionals such as Designers Engineers Technical Experts Accounts Finance Customer Service Administration Purchase Management Marketing.

MCHI has constantly endeavored to bringing innovative ideas and concepts to the markets. Even globally, it is relied upon by the entire housing industry, in bringing together participants from India as well as abroad, giving it a clear edge in the minds and hearts of Mumbai’s home buying public.

Maharashtra Chamber of Housing Industry (MCHI)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 a common platform to address issues facing the industry. Members of MCHI account for providing more than 80% to 90% of residential accommodation in Mumbai and its vicinity, and helps both the Central and State governments in meeting their constitutional obligations – providing shelter to the shelter less. 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-recognized and reputed member builders, MCHI is affiliated with leading industry associations like FICCI, IMC and CREDAI.

Highlights of Property 2008

1. The only official and largest real estate exhibition of India being organised by the Official Real Estate Body MCHI.
2. 100 plus developers showcasing more than 1500 projects
3. 15 housing finance companies & banks participating
4. MCHI Job Fair being organised concurrently.
5. Exhibition covers an area of approx. 2,50,000 sq ft.
6. Over one lac footprints expected at the exhibition.
7. Air conditioned aisles, registration areas, coffee lounge, food courts & comfortable A/C business lounges for one to one discussion in the exhibition.
8. Free drinking water facility for visitors will be available.
9. Free shuttle buses running to and fro from venue and main railway stations, Bandra (E) & Kurla (W).
10. Ample Car Parking facilities with Valet Service.
11. Entry is free for the exhibition.
12. Legal advice on Real Estate & Home Loan counseling will also be given at no cost to the visitors.

For Further Information please contact Prakash Mondkar Sobhagya PR – Sobhagya Advertising ServiceHand Held – 9820669034Land – Line 22661286/22662979 Email- sobhagyapr@rediffmail.com


Contributed By : Minal Arora