Property rates at MCHI exhibition beyond the common man’s reach

By Nawaz Sayyed

Mumbai: The 19th MCHI Property exhibition started on MMRDA ground with the main objective to provide affordable housing to common-man with attracting slogan MCHI hai to bharosa hai.
Whereas, in MCHI’s advertisement it is clearly mentioned that houses are available for Rs. 10L, but it is nowhere mentioned that it is studio apartment located in Badlapur (East), nearly 3 km from the station.
In the media conclave held immediately after the ceremony of MCHI property exhibition, MCHI President Paras Gundecha said that “we are anticipating that this property exhibition will earn a huge profit to property industry”, so where are the affordable houses.
We need the strong support from government body for development, MCHI Secretary Boman Irani said. There are several projects are still pending, so if there were less supply in the market then prices will definitely rise, he added.
While talking with reporters Minister of State for Housing Sachin Bhau Ahir said that “when it comes to housing and development anything which deters development, we will not tolerate it.”
This newspaper has done the research and also contacted to several visitors and came to know that the large number of home seekers are not happy with the prices and disappointed with the housing finance schemes.
According to the Vivek Sharma owner of Shreyas estate agency located at Powai said that “exhibition is not for the common man except some parts otherwise the huge part is of this beyond the expectations of middle class person.” The locations which are available within the range of common man is far from the Mumbai located in the outskirts of city such Virar, Badlapur and Karjat etc, he added.

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