MCHI-CREDAI property expo to showcase 15000 properties
· More than 120 developers to participate
· Axis Bank is a co-organizer for the expo
· Spot loans from over 15 Housing Finance Companies
· To carry ‘MCHI Hai Toh Bharosa Hai’ stamp
· Right time to buy dream homes
MUMBAI, October 25, 2012: Enriching the house-hunt experience, developer body MCHI-CREDAI has embarked on an ambitious four-day property exhibition from November 01, 2012 showcasing flats, bungalows and commercial offering from across Mumbai city and the Mumbai Metropolitan Region.
With Axis Bank, is the third largest private sector bank in India, joining in as the co-organizer, the 20th edition of MCHI-CREDAI’
Spread over an area of 30,000 sq. mtrs, this edition of the property exhibition will showcase over 15,000 properties by over 120 developers, including several new entrants. They will showcase properties from across Mumbai and MMR, ranging from 1/2/3/4/5 BHK and studio apartments, duplex, penthouses, row houses, bungalows, apart from featuring second homes/holiday homes, NA plots, shops and office premises. Reflecting growing interest from outside Mumbai, some properties from Pune and even Kerala will be on display here.
Mr. Paras Gundecha, President of MCHI-CREDAI, said: “This is an event that was waiting to happen. Home Buyers have literally been sitting on a fence due to a variety of reasons. But now that the prices have stabilized and more and more new projects are coming up, it is the right time to plan for one’s dream home”
He pointed out that the investment in a house is costliest one that an Indian makes in a lifetime. “This is exactly why, we have come with this idea of holding this exhibition with properties to suit everyone's pocket - from 1 BHK to Bungalows and Penthouses. We are sure that those who run around in search of their dream homes will find an answer here, at the MCHI-CREDAI Expo.”
Mr.Jairam Sridharan, Head- Consumer Lending and Payments at Axis Bank, said "We see traction in the real estate market of Mumbai after a long gap. What the Mumbai customer is looking for is some improvement in the sentiment and some clear signs which differentiate the serious players from the rest. The entire country looks up to Mumbai when it comes to real estate and we are starting to see some positive developments here. We wish all the best to the participating builders and hope the search for a dream home of every consumer ends here"
The visitor will have a new experience with valet parking, registration counter with state-of-the-
Mr. Bandish Ajmera, Chairman of Exhibition Committee, MCHI-CREDAI, said: “With current market conditions, budget homes will be a major attraction for home buyers at this exhibition. We are confident that home buyers will throng in large numbers to have a look at the wide choice of properties on display. All in all, this will be a never-before opportunity for home buyers as well as investors since this is the right time to buy.”
As always, the exhibition will carry the MCHI-CREDAI stamp of assurance of “MCHI Hai Toh Bharosa Hai” as all properties on show will have necessary clearances.
The exhibition offers a good opportunity not only for domestic buyers but also for NRIs who are looking to invest back at home. As many as 15 home finance companies will also set up their stalls to offer spot loans.
The exhibition assumes an added significance in view of the fact that MCHI-CREDAI has adopted a self regulatory code of conduct for developers to ensure transparency in real estate transactions.
MCHI-CREDAI earlier know as MCHI(Maharashtra Chamber of Housing Industry) formed in 1982, is the most prominent and the only recognized body of Real Estate Developers in Mumbai and MMR. Later MCHI-CREDAI brings together members dealing in Real Estate Development on one common platform to address various issues facing the Industry. Members of MCHI-CREDAI account for 80% of Development of New Residential Accommodation and Commercial Properties in Mumbai and MMR MCHI helps both the Central and State Governments in meeting their objectives of providing housing, which is a basic necessity. MCHI-CREDAI has a strong Membership of over 1000 leading Developers in Mumbai and has expanded across MMR, having its own units in Thane, Kalyan-Dombivali, Mira–Virar City, Raigad and Navi
Mumbai. MCHI-CREDAI 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 and MMR.
About Axis Bank
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
With its 1741 domestic branches (including extension counters) and 10,297 ATMs across the country, as on 30th September, 2012, the network of Axis Bank spreads across 1,113 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has overseas offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi. The Bank’s websitewww.axisbank.com offers comprehensive details about its products and services.
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