Hindustan Times ST (Mumbai) - HT Navi Mumbai Live
4- day property expo starts today
VASHI: The third edition of the MCHI-CREDAI Navi Mumbai-Raigad ( NMR) property expo begins on Friday at the Vashi Exhibition Centre. To be held from April 10 to 13, the property exhibition will bring together numerous developers from the NMR region in contact with prospective customers.
The exhibition will be inaugurated by Prakash Mehta, Maharashtra minister for housing, labour and mines in the presence of former housing minister, MLA Raj Purohit and MLAs Manda Mhatre and Prashant Thakur.
There will be around 150 stalls at the expo. It will have properties from Rs12 lakh onwards with more than 10 developers offering over 500 projects. There will also be 15 banks and housing financial institutions present at the expo. The focus of the expo is on Vashi, Nerul, Kharghar, Belapur, Panvel, Karjat, Kamothe, Khopoli, Alibaug, Pen, Taloja, Dronagiri, Ulwe, Uran and Shil.
The MCHI- CREDAI Navi Mumbai-Raigad (NMR) is a body of over 300 real estate developers based in the NMR region. The NMR unit of MCHI was formed with an intention of promoting Navi Mumbai and Raigad as an emerging market for real estate in India.
“Our belief in the growth prospects of Navi Mumbai is validated by the fact that the region, over the last few years, has turned into a proposed venue for numerous infrastructure projects. This, in addition to it being earmarked by the Government of India as one of the most potent zones for both residential and commercial structures,” said Arvind Goel, president, MCHI-CREDAI Navi Mumbai.
Goel said, “MCHI NMR organises exhibitions that offer a platform for its developer group to showcase properties to buyers. This exhibition could prove to be a turning point for the real estate market in the city.”
Manohar Shroff, secretary, MCHI Navi Mumbai, said, “Apart from word-of-mouth publicity, a widespread promotional campaign has also been devised to generate mileage for the expo. This year we also banked on many innovative communication channels to publicise the event.”
Vikas Bhamre, Raigad unit president, said, “Real estate is a huge contributor to India’s GDP. It impacts 250 industries and sectors. Real estate lacks the status of an industry. It is high time we took steps to attract attention of authorities ”