Tata Capital announces Great Mumbai Property Festival 2016
Tata Capital announces Great Mumbai Property Festival 2016-9amstories

Festival Ahoy! Lets celebrate

Tata Capital announces one amongst the top shopping festivals in the world – Multiple financing options to get your dream home

Mumbai, 9th September 2016: MCHI-CREDAI announces one amongst the top shopping festivals in the world, ‘Great Mumbai Property Festival 2016’. It starts on 18th September online (where customers can avail offers and seek details on the project) and culminates into a large celebration of coming together of best Mumbai properties with most lucrative tags for the customers. Spread over 4 days between 6th to 9th October, it will be a shopping extravaganza for a home buyer. After 15 Years, 26 Editions who provided homes to 30 lakh+ buyers, this 21,000 sq feet of exhibiting space is all set this year to offer home buyers key International projects, special offerings for NRI's, Sample flats on show, lucky draw with Rs. 85 lacs worth grand prizes, multiple financing options, properties across affordable & luxury across the country amongst others.

Mr. TejasVyas, Chairman, Exhibition Committee, “Going forward, a rise in demand from home buyers will most likely be driven by the mid-end and affordable housing segments, which will be concentrated mostly across secondary or peripheral locations of leading cities. Hence, we are glad it’s being brought up by MCHI-CREDAI. This year’s Exhibition would be unique in many respects and we are working round the clock to provide unforgettable experience to our participants and visitors .We are quite positive that the 27th edition of MCHI – CREDAI property exhibition will act as a catalyst in driving the consumer sentiments and make this festive season a fruitful one! ”

The expo is focused towards giving out offers like home automation facility, international tours, modular kitchen at 0 added cost, price discount of 50% off, membership at gyms & recreational clubs, mobile phones/laptops/I-pads, electronic appliances at 0 added cost, gold as a good luck charm on bookings, vehicles while booking the flat as an initiative to enhance lifestyle quotient to improvise the buyer sentiment given, currently real estate industry has been passing through transformational phase with lot of activity happening around. Scenario has brightened by State Government after implementation of ease of doing business and by RERA coming in, as a result of central government's landmark initiative. Hence this expo is a initiative to boost the global economy as Indian economy is on threshold of a catalytic change.



Speaking on the occasion Mr. R.Vaithianathan, Managing Director, Tata Capital Housing Finance Limited “Tata Capital Housing Finance is committed to being a comprehensive home financier, present in all segments of market and catering to both developers and home buyers. Thus, we are honored to partner with MCHI, which gives us great reach and visibility among all segments. The EXPO is a great platform for housing finance companies and developers to come together and showcase their offerings, providing great value to all stakeholders in the real estate industry”

Mr. Dharmesh Jain, President, MCHI-CREDAI, “The transactions in real estate and their respective proceedings involve lot of complexity and legal formalities. There has been many significant cases when commitment given by the builder was disrespected or possession dates were delayed. Builders could not be made accountable because of lack of any registered law. We are glad that the act is now getting balanced version which is agreed upon by both buyers as well as builders. Hence this year our focus at the expo is to provide single-window clearance mechanism that will help in solving the problem of delay in possession alongside proving them value additions while getting their dream home.

About MCHI: The Maharashtra Chamber of Housing Industry (MCHI-CREDAI), formed in 1982, is the most prominent and the only recognized body of Real Estate Developers in Mumbai and MMR. MCHI-CREDAI brings together members dealing in Real Estate Development on one common platform to address various issues facing the Industry. With a strong Membership of over 1800 leading Developers in Mumbai and The MCHI-CREDAI has expanded across MMR, having its own units in Thane, Kalyan -Dombivali, Mira - Virar City, Raigad and Navi Mumbai.

Members of MCHI-CREDAI account for 80% of the organized Development of new residential and commercial properties in Mumbai and MMR. MCHI-CREDAI is recognized by Government of Maharashtra and the Central Government and helps in meeting their objectives of providing housing, which is a basic necessity. MCHI-CREDAI works towards raising awareness among the General Public, Real Estate and Construction Industry while providing them with detailed information on new developments in and around Mumbai and MMR. MCHI-CREDAI is a Member of Confederation of Real Estate Developers' Associations of India (CREDAI) the apex body for Private Real Estate Developers in India and is also affiliated with leading Industry Associations like CII, FICCI, IMC and others.


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