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

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.