MCHI announces Property 2010

News Posted - 2010-04-08

MCHI, state sign deal for affordable houses

Taking the first step towards its claims of constructing five lakh affordable houses in Mumbai over the next five years, the Maharashtra Chamber of Housing Industry (MCHI) on Wednesday inked a deal with the state government.

The MCHI entered into a Memorandum of Understanding (MoU) with the state to further its plan. Promising a 90-day action plan in this direction, Chief Minister Ashok Chavan announced the setting up of a committee under the chief secretary to ensure speedy approval for all affordable housing projects proposed by private developers.

“We will soon issue a government resolution to ensure that clearances are given in the shortest possible time through a single window system provided that developers fulfill their commitments,” said Chavan.

The CM was speaking at the function attended by major developers, housing secretary, municipal commissioners of Mumbai and Thane, metropolitan commissioner, the heads of the Maharashtra Housing and Area Development Authority (MHADA) and the Slum Rehabilitation Authority.

Source: The Indian Express 29/4/10

Close on the heels of revival in the real estate sector and increased demand for housing, Maharashtra Chamber of Housing Industry.

(MCHI), the most prominent body of real estate builders and developers in the country, today announced ‘Property 2010’ their 16th Real Estate and Housing Finance Exhibition to be held at MMRDA grounds, Bandra Kurla Complex, scheduled to be held from 8 to 11 April, 2010 between 11am and 8pm.

Property 2010, is India’s only official & largest Real Estate and Housing Finance exhibition being held in Mumbai now for the 10th year in a row organized bi-annually by the MCHI for the last 10 years, is a one-stop destination for potential property buyers in Mumbai. It offers home buyers a wide range of properties in the budget, high end and commercial properties categories along with a wide choice of home loan options.

Mr. Pravin Doshi, President MCHI said, “As the real estate market is experiencing a boom in view of the huge demand for housing in the recent past, we would like to offer an opportunity to the thousands of prospective home buyers to buy the house that suits their requirements from the properties being displayed at the exhibition.”

Mr. Harish Patel, Convener, Exhibitions adds, “Property 2010 is expected to fulfill the great expectations of a multitude of Mumbaikars looking for high-end, lifestyle and affordable property. The real estate market is now entering a boom phase with stabilized prices and increasing demand. We are sure that the forthcoming real estate exhibition would serve the cause of bridging the gap between the potential buyers and the real estate developers by bringing them at the one platform”.

Mr. Deepak Goradia, Co-convenor Exhibitions, said, “MCHI’s bi-annual exhibition has always turned out to be an opportunity for the home buyers for over a decade. Considering the changing times, MCHI has undertaken several initiatives to create confidence among the buyers with enhanced level of transparency in the transaction. The buyers across the country and also from overseas expected to be benefited from the mega property show to choose the property as per their liking”.

“As many as 75+ Developers will showcase around 524 Projects and over 17,600 apartments ranging from Rs. 10 Lacs to Rs. 10 Crores would be on display at the exhibition,” added Mr. Zubin Mehta CEO of MCHI.

Prominent & leading Mumbai developers like Ackruti City Ltd. , Dheeraj Group, Housing Development & Infrastructure Ltd., Kalpataru Ltd., Kohinoor Planet Constructions Pvt. Ltd, Rustomjee, Nirmal Lifestyle and many more all members of MCHI will display their properties across the Island City, Western & Central Suburbs, Thane, Navi Mumbai & rest of India under one roof.

Around 18 + leading HFI’s & Banks such as State Bank of India, HDFC, ICICI Bank Home Loans, LIC Housing Finance Company, Kotak Mahindra Bank Ltd. etc will be at the exhibition to offer Home Loans at their best rates & lucrative deals.

Source: The Economic Times 30/3/10