Festive Sentiment results in ‘edge sitters’ turning into ‘home-seekers’
Home Finance Institutions get large number of serious home loan inquiries
Exhibition participant MCHI members log large number of serious inquiries : site visits lined up over next fortnight
MCHI’s initiatives enhance transparency in home buying process, feel exhibition visitors
On-line version of the exhibition will continue till October 20, 2011, and can be accessed on www.mchi.net.Over 100 developers, 10 home finance companies to be present
Mumbai, October 11, 2011: Amidst a plethora of home seekers who expressed the wish that it would have lasted a bit longer, the curtain was rung down at the 19th edition of the MCHI Property 2011. The final visitor count was 86,882. At this event, the Maharashtra Chamber of Housing Industry (MCHI), India’s most prominent body of real estate builders and developers, showcased properties from renowned builders across Mumbai City, suburbs as also the Mumbai Metropolitan Region (MMR) and some select Indian cities. The State Bank of India and Indiabulls Home Loans were the co-organisers. HDFC was the Platinum Partner, LIC Home Finance & DHFL were the Gold Partners and ICICI Bank the Silver Partner for MCHI Property 2011, the 19th edition of the Real Estate and Housing Finance Exhibition, which was held at the MMRDA Grounds, Bandra Kurla Complex from October 06 to 09, 2011.
MCHI Property 2011 showcased more than 15000-Plus properties from 100-plus developers in the 19th edition of the Real Estate and Housing Finance exhibition, and got a fabulous response from visitors across the four days, said Mr. Paras Gundecha, President, MCHI. Positioned as India’s largest and only ‘Official’ real estate exhibition, the exhibition, in this edition, introduced unique buyer- friendly initiatives.
The exhibition was inaugurated on 06 October 2011 by the Hon’ble Minister of State for Housing, Maharashtra, Sachin Bhau Ahir. “In his address, the Hon’ble Minister had made a special mention of MCHI adopting a self regulatory code of conduct for developers, and he also had praised MCHI’s initiatives as regards taking adequate care to ensure that properties on display at the exhibition had necessary clearances,” added the MCHI President.
The MCHI President also mentioned how MCHI had recently endorsed a ‘code of conduct’ for its member developers to scrupulously adhere to ethical business practices. “MCHI has also set up a consumer Grievance Redressal Forum to attend to buyers’ complaints,” he added.
The PROPERTY Exhibition series is organized bi-annually by MCHI and is currently in its 11th year, said Mr. Paras Gundecha. “MCHI over the years has emerged as a strong bond between homebuyers and the developers. The organization has extended its reach across all the regions of Mumbai City, Suburbs and across the Mumbai Metropolitan Region (MMR) in the recent past, reaching out to all stakeholders. Hence, MCHI Property 2011 assumed great significance this time around. We were confident on record number of visitors and large number of deals for properties happening in the four day mega event this year, and that has happened.”
Mr. Boman Irani, Hon. Secretary, MCHI said, “MCHI’s bi-annual mega exhibition has truly emerged as India’s most successful and trusted property exhibition series over the period of a decade, and this was evident in this, the 19th edition as well. “This largest exhibition is a perfect platform to fulfill the dream home aspirations of potential home buyers.
Mr. Bandish Ajmera, Chairman, MCHI Exhibitions Committee said “MCHI Property 2011 was planned and organized so as to enhance the comfort and convenience of the home buyers. Various new initiatives were undertaken to ensure that every visitor thoroughly enjoyed the experience of buying a home, while making a most informed choice. The families also got to learn about the largest and choicest properties and developments, under one single roof.”
“Since its inception, over 250,000 families have made this event the definitive home buyers’ destination. It offers the largest range of properties and developments from across all segments including budget, mid-segment and luxurious situated across the length and breadth of Mumbai City, the suburbs and the Mumbai Metropolitan Region and other Indian Cities. Further, the presence of leading banks & Housing Finance Institutions (HFIs) at this edition offered the widest possible choice of home loan products,” concluded Mr. Paras Gundecha, President, MCHI.