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145 stalls set up to sell prop­er­ties at Navi Mum­bai, Pan­vel, Pune, Ulwe and nearby places

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NAVI MUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­times.com

VASHI: The mega prop­erty ex­hi­bi­tion in Navi Mum­bai is back.

With 145 stalls and nu­mer­ous de­vel­op­ers, the 16th mega prop­erty ex­hi­bi­tion got off to a grand start on Fri­day at the Cidco Ex­hi­bi­tion Cen­tre in Vashi.

The four-day ex­hi­bi­tion of­fers moder n prop­er­ties in Navi Mum­bai, Pan­vel, Pune, Ulwe and other ad­join­ing re­gions. The flat sizes starts from 300 square feet and prices start from Rs11 lakh.

Or­gan­ised by CREDAI - BANM, the ex­hi­bi­tion was in­au­gu­rated by Cidco vice-chair­man and man­ag­ing di­rec­tor San­jay Bha­tia in the pres­ence of MLA Manda Mha­tre.

“Navi Mum­bai has be­come the eco­nomic hub of the coun­try. We had shown it re­cently dur­ing the smart city ex­hi­bi­tion that gave de­tails of Rs50,000- crore in­vest­ment in the re­gion. The pri­vate in­vest­ment is be­ing ex­hib­ited again, show­ing that the city has in­deed be­come the eco­nomic hub due to such de­vel­op­ments,” said Bha­tia.

He added, “With Cidco too plan­ning 55,000 houses for the lower- in­come group and eco­nom­i­cally weaker sec­tion and the pri­vate de­vel­op­ers com­ing up with their projects, it is a win-win sit­u­a­tion for buy­ers.”

The ex­hi­bi­tion is ex­pect­ing a huge foot­fall this year and lead­ing fi­nan­cial in­sti­tu­tions such as LIC, State Bank of In­dia, In­di­a­b­ulls, Bank of Maharashtra, Andhra Bank and so on too have set up stalls for home­buy­ers.

Vas­ant Bhadra, vice-pres­i­dent of BANM, said: “Through the ex­hi­bi­tion, we are not only pro­mot­ing the real es­tate but also

Navi Mum­bai. This city is de­vel­op­ing in all aspects, be­cause of which peo­ple are com­ing from other parts of Mum­bai and Maharashtra. Var­i­ous mega projects in the off­ing will give a dis­tinct iden­tity to the city.”

Haresh Ch­heda, the ex­hi­bi­tion com­mit­tee con­venor, said it was the right time to buy prop­erty in Navi Mum­bai.

“Avail­able land is in short­age in the re­gion. The prop­erty prices will go up man­i­fold due to the huge de­mand that ex­ists,” he said.

He said mega projects such

as the in­ter­na­tional air­port, Mum­bai- Pune ex­press­way ex­pan­sion and the Nhava Sheva Sewri link are go­ing to have a pos­i­tive im­pact on the prop­erty mar­ket in the re­gion.

Bhu­pen­dra Shah, the trustee of BANM, said: “Prop­er­ties from all over Navi Mum­bai and its sur­round­ing ar­eas are on of­fer to suit ev­ery bud­get. The prop­er­ties dis­played in the ex­hi­bi­tion are not from Navi Mum­bai, Pan­vel, Ulwe, Dron­a­giri and Taloja but also Karan­jade, Bad­la­pur, Kar­jat, Pen, Khopoli, Alibag, Pune and Nanded.”

BACHCHAN KU­MAR

(Above) A vis­i­tor at the prop­erty ex­hi­bi­tion looks at a model of a hous­ing pro­ject on Fri­day; (right) a prospec­tive prop­erty buyer takes ad­vice from an agent

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