Mumbai, August 05, 2009
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 2nd Budget Expo 2009. Among the HFIs were State Bank of
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.
