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

Magicbricks.com’s premium property fair records transactions worth70 cr

Leaf of Luxury – the premium property fair organized by Magicbricks.com in Delhi – clocked in transactions of about Rupees 70 crore. About 20 deals, amounting to Rupees 70 crore, were closed at the fair itself. The fair recorded a footfall of more than 1,000 High Net-worth Individuals (HNIs).

This is the first time that Magicbricks.com organised such a fair in the Delhi NCR region. Leaf of Luxury showcased premium residential properties by eight exhibitors. It was an initiative to connect to the premium segment of the society and has seemingly paid off well.

The fair was held on March 1 and March 2 at Hotel Shangri La, New Delhi. The success of this show hints that Delhi is ready for more such shows and the HNIs will lap up all such events in future as well.

I welcome all readers to share their views on luxury living in Delhi.

Contributed By : Yojana Sharma