Navi Mumbai bldr’s body to hold property expo after 3 yrs in May

The Builders' Association of Navi Mumbai (BANM) is holding its property exhibition next month after a gap of three years, With a number of infra-projects nearing completion, developers are expecting a good response during the four days of the exhibition, to be held from May 13 to May 16 in Vashi. More than 100 developers with projects from Airoli to Khopoli will take part and some redevelopment projects from Vashi will also be available.

A number of mega projects – including the Airoli-Katai Naka Road, the Navi Mumbai Metro and Mumbai Trans Harbour Link (MTHL) – have fuelled the sector with positivity. BANM president Haresh Chheda said the developers' body could not hold a property exhibition in 2019 due to the GST issue and then there was the pandemic for two years. “Buyers, as well as developers, wait every year for BANM’s property exhibition. Now, their wait is over,” said Chheda.

The exhibition used to be held at the Vashi Exhibition Centre. However, the civic body had set up a jumbo Covid care centre at the location during the peak of the pandemic. “This year we are holding the event in the parking area of the exhibition centre where there is enough space to accommodate the stalls of more than 100 developers,” said Chheda.

Participating developers feel that the city’s real estate sector is resurging after the pandemic and is poised for a boom, fuelled by near-complete infra projects. “Be it the Airoli-Katai Naka road that will cut travel time to Shil Phata to just 10 minutes, or the soon to be inaugurated metro that will give easy access to areas like Taloja, these infra projects in Navi Mumbai will give a sharp boost to the real estate prices once they are commissioned and now is the right time to buy,” says Sijo Sunny, director of the National Group.