QUARTERLY

BULLETIN
JANUARY-MARCH

2021 www.mchi.net
 TABLE OF CONTENTS

• MESSAGE FROM THE PRESIDENT’S DESK 03

• MESSAGE FROM THE EDITOR’S DESK 05
• SECRETARIAT’S DESK
 Meetings 07
 Representations 09
• SEMINARS & WORKSHOPS
 CREDAI-MCHI KDU & KDMC Seminar on Decoding 16
 Seminar for Conciliators in MMRDA Region 18
• CREDAI-MCHI & CRE MATRIX RESEARCH REPORT
 CREDAI MCHI - CRE Matrix’s first Research Report 22
 2/2.5 BHK Units Driving MMR Housing Demand 25
• BIZNET 2021
 E-Biznet with Asian Paints 28
 8th Biznet 2021 29
• 2ND EDITION OF CREDAI-MCHI KNOWLEDGE
SERIES CERTIFICATES 31
• CSR (CREDAI-MCHI WOMEN’S WING)
 Virtual workshop on ‘Shakti Within’ 33
 Education Scholarship 34
 CREDAI-MCHI Women's Wing Webinar 36
 Health Camp at Kalpataru, Avana project 37
• CREDAI - MCHI in the News 38
• Thank You Partners 47
• Upcoming Event 48
• Editorial Team 49

2
 MESSAGE
De e p a k Goradia FROM THE PRESIDENT’S DESK

The benefits of Stamp Duty Reduction continued to show its positive

results even in the First Quarter of 2021, with a daily average of 529
units getting registered in March 2021. Your chamber has requested
the Maharashtra Government to extend the prevailing Stamp Duty re-
bate by 12 months. Your chamber has also asked for Ready Reckoner rates
to remain unchanged and has strongly recommended reducing the land
ASR rate to 1/3 of Residential Sale rates in Mumbai.

A fruitful meeting with the Principal Secretary – Housing was held to discuss
the Housing Policy. Also, a meeting with the Housing Minister was held
to discuss pending issues of MHADA. Team CREDAI-MCHI welcomed
the new MahaRERA Chairman – Shri Ajoy Mehta. In addition to the
above, more than 28 representations were made by the Secretariat in
the first quarter of 2021, details of which are available on the website
and app.
CREDAI-MCHI unit of KDU and KDMC held a seminar on Decoding
UDCPR which was well attended with more than 300 participants
across Developers, Landowners and Architects. Your chamber also
participated in the seminar organized by MahaRERA for Conciliators.

This quarter witnessed the onboarding of Knowledge Partner for research

and knowledge sharing initiatives of CREDAI-MCHI with CRE Matrix.

3
This quarter witnessed two editions of MMR Property Tracker with
the first one being on growth-value of transactions while the
second one was on typology of units sold. An interesting finding of
the Research Report was that 2/2.5 BHK Units were driving MMR
Housing Demand.

8th Edition of Biznet 2021 was held at Sofitel BKC, Mumbai. It was
well participated by multiple brands of ancillary industry and was
well attended by Developer Members and their Procurement team.
The second edition of CREDAI-MCHI Knowledge Series was well
attended by more than 450 participants with 6 power pack sessions
from Industry Experts from L&T Realty, K Raheja Corp, Haware
Properties etc.

Women’s Wing conducted a virtual workshop on 'Shakti Within'

which focused on self-reflection and introspection. CSR activity
of handing over Educational Scholarships to students from various
colleges was also undertaken. A webinar on how to transform one’s
thinking and desires into creation was conducted by industry experts.
Women Wing also organized a Health Camp at Kalpataru Avana
Project site at Parel, Mumbai.

Lastly, my Heartiest Congratulations to our President Elect Boman

Irani for being selected as President Elect of CREDAI National. My
best wishes to him.

4
 MESSAGE
Dr. Adv. Harshul Savla FROM THE EDITOR’S DESK

I am thrilled to announce our first of its kind tie-up with CRE Matrix
as our Knowledge and Research Partner. CRE Matrix is India’s most
trusted source for complete Real Estate Intelligence. CREDAI-MCHI,
through this exclusive tie-up aims to strengthen its Research and
Analytics Wing through verified Statistics and Data which will add
impetus to our Public Relations, Knowledge Sharing and Thought
Leadership Initiatives.

CREDAI-MCHI – CRE Matrix Research Initiatives would benefit our

Member Developers tremendously, providing them with data that
can help them in efficient decision making. Members of CREDAI -MCHI
will get the benefit of the below research initiatives:

 Monthly MMR Property Tracker

 Quarterly Research Papers
 Yearly Realty Round-Up

MMR Property Tracker’s frequency will be monthly, and it will give a

detailed micro-market analysis of - CBD Mumbai, Central Mumbai,
Central Suburbs, Eastern Suburbs, Western Suburbs, Thane, Raigad
and Palghar. CREDAI-MCHI has always believed in transparency and

5
has exhibited thought leadership with its various initiatives. I personally
believe that Research Orientation and Data backed decision making
will go a long way to help all the stakeholder of our indu st ry
including the Government, Developers, Financial Institutions, An-
cillary Industry and Customers.

The second edition of the CREDAI-MCHI Knowledge Series on

Construction Management was held in March 2021 across 6 power
pack sessions with expert faculty from L&T, K R a h e j a C o r p ,
Haware Properties etc. Glad to share we received an over-
whelming response of more than 450 Participants from across
India and a few International participants too; this is more than
3 times the response received by the first edition. I am glad to
acknowledge the support extended by the event partners Prince
Piping Systems and Knest Aluform and Verticals which has
enabled us to make the participation fees subsidized hence
ensuring a wider outreach.

Participants from diverse backgrounds and age groups participated

- Students, Architects, Lawyers, Bankers, Procurement Heads,
Developers, Promoters etc. Participating Organisations included
Construction Giants like Shapoorji Pallonji which came with a
contingent of more than 50 participants to the entire team of NGO
Swades Foundation which is into Rural Housing. I am happy to share
the Certificate Program of Knowledge Series has received a lot of
patronage and support from the entire Real Estate Fraternity, and all
Stakeholders at different levels have participated in the programs.

6
 SECRETARIAT'S DESK
MEETINGS

1. Meeting with SVR Srinivas, Principal Secretary - Housing

28th January 2021; A fruitful meeting with SVR Srinivas, Principal Secretary -
Housing was, conducted to discuss the Housing Policy. The meeting took place in
the office of Principal Secretary - Housing. The meeting was attended by Shri Deepak
Goradia and Shri Pritam Chivukula.

2. Meeting with Shri Jitendra Awhad, Housing Minister

9th February 2021; A meeting was held with Shri Jitendra Awhad, Housing Minister
Regarding the pending issue of MHADA. Hosted in Mr. Ahwad’s bungalow, it
was attended by Boman Irani, Shahid Balwa, Amit Thakker, Gurminder Singh
and Harish Gupta.

3. Welcome the new MahaRERA Chairman

-Shri Ajoy Mehta

The CREDAI-MCHI team was led by Presi-

dent Shri Deepak Goradia and Vice President
Shri Domnic Romell, Secretary Shri Pritam
Chivukula, Maharera Taskowner Shri Raajesh
Prajapti and Member Shri Kunal Chheda
visited Maharera office to welcome the new
MahaRERA Chairman Shri Ajoy Mehta and
Shri Pritam Chivukula.

7
4. Meeting with Shri Balasaheb Thorat, Hon'ble Revenue Minister

23rd March 2021; Team CREDAI-MCHI led by Shri Boman Irani along with Shri Pritam
Chivukula, Shri Rajesh Prajapati and Shri Rajul Vora met Shri Balasaheb Thorat, Hon’ble
Revenue Minister to discuss a few requests. There were 3 major matters in hand: to not
change the Ready Reckoner Rate for 2021-22, the Land ASR rate for Mumbai to be 1/3
of Residential Sale Rate, and the current rebate of 3% in Stamp Duty to be extended for 12
months.
The Hon'ble Minister was sympathetic to the issues brought up in the meeting and has
agreed to discuss the same with the Cabinet.

8
 REPRESENTATIONS
LIST OF REPRESENTATION FOR JANUARY – MARCH

Sr.No. Ref.No. Date To Subject

1 MCHI/PRES/20- 4-Jan-2021 Dr Bhushan Gagrani (I.A.S.) Request for Extension in Relief on all
21/085 Principal Secretary (I) Payments to be made to ULB and
Urban Development Govt. of Maharashtra until 301st
Department March 2021

2 MCHI/PRES/20- 4-Jan-2021 Shri Eknath Sinde Request for Extension in Relief on all
21/086 Hon'ble Minister for UDD Payments to be made to ULB and
Govt. of Maharashtra until 301st
March 2021

3 MCHI/PRES/20- 5-Jan-2021 Shri Sanjay Kumar (I.A.S.) Request to abolish Technical

21/087 Hon’ble Chief Secretary, committee for High Rise Buildings in
Government of Maharashtra, Mumbai
Mantralaya, Mumbai 400023

4 MCHI/PRES/20- 5-Jan-2021 Shri Iqbal Singh Chahal (I.A.S.) Request for Extension in Relief on all
21/088 Hon’ble Municipal Payments to be made to ULB and
Commissioner Govt. of Maharashtra until 301st
Municipal Corporation of March 2021
Greater Mumbai
Mumbai.

5 MCHI/PRES/20- 7-Jan-2021 M/s Airodynamiks Appreciation for your contribution in

21/091 2nd Floor, Hingu Bhavan getting Amended building height
Sahar Road, Andheri (E), Regulations notified from Ministry of
Mumbai - 400069 Civil Aviation

6 MCHI/PRES/20- 11-Jan-2021 Shri Bhushan Gagrani (I.A.S.) Request for Extension in Relief on all
21/092 Principal Secretary - I Payments to be made to ULB and
Urban Development Govt. of Maharashtra until 31st
Department March 2021
Government of Maharashtra

7 MCHI/PRES/20- 11-Jan-2021 Shri Ajit Dada Pawar Sub: Request to all allow Purchase of
21/093 Hon’ble Deputy Chief Stamp in Advance at 2% with 1-year
Minister validity
Hon'ble Finance Minister
Government of Maharashtra

8 MCHI/PRES/20- 18-Jan-2021 Shri Sanjay Kumar (I.A.S.) Stamp Duty payable on instruments
21/096 Chief Secretary executed for Rehabilitation of
Government of Maharashtra slum Dwellers as per the Slum
Rehabilitation scheme
under Maharashtra Slum Areas
(IC&R) Act 1971 in respect of
properties situated within the city of
Mumbai District & Mumbai suburban
District.

9 MCHI/PRES/20- 18-Jan-2021 Shri Omprakash Deshmukh Stamp Duty payable on instruments

21/097 (I.A.S.) executed for Rehabilitation of
Inspector General of slum Dwellers as per the Slum
Registration & Controller of Rehabilitation scheme
Stamp under Maharashtra Slum Areas
Government of Maharashtra (IC&R) Act 1971 in respect of
properties situated within the city of
Mumbai District & Mumbai suburban
District.

9
Sr.No. Ref.No. Date To Subject
10 MCHI/PRES/20- 18-Jan-2021 Shri Dnyaneshwar Khilari Stamp Duty payable on instruments
21/098 Jt. Inspector General of executed for Rehabilitation of
Registration Controller of slum Dwellers as per the Slum
Stamp Rehabilitation scheme
Government of Maharashtra under Maharashtra Slum Areas
(IC&R) Act 1971 in respect of
properties situated within the city of
Mumbai District & Mumbai suburban
District.

11 MCHI/PRES/20- 18-Jan-2021 Smt. Jayashrirani Surve Stamp Duty payable on instruments

21/099 Deputy Director of Town executed for Rehabilitation of
Planning (Valuation) slum Dwellers as per the Slum
Mumbai Region Fort, Mumbai Rehabilitation scheme
under Maharashtra Slum Areas
(IC&R) Act 1971 in respect of
properties situated within the city of
Mumbai District & Mumbai suburban
District.

12 MCHI/PRES/20- 18-Jan-2021 Dr. Nitin Kareer (I.A.S.) Stamp Duty payable on instruments
21/100 Additional Chief Secretary executed for Rehabilitation
Revenue Department of slum Dwellers as per the Slum
Government of Maharashtra Rehabilitation scheme
under Maharashtra Slum Areas
(IC&R) Act 1971 in respect of
properties situated within the city of
Mumbai District & Mumbai suburban
District.

13 MCHI/PRES/20- 18-Jan-2021 Shri S V R Sriniwas (I.A.S.) Stamp Duty payable on instruments

21/101 Principal Secretary executed for Rehabilitation of
Housing Department slum Dwellers as per the Slum
Government of Maharashtra Rehabilitation scheme
Mantralaya, Mumbai - under Maharashtra Slum Areas
400032 (IC&R) Act 1971 in respect of
properties situated within the city of
Mumbai District & Mumbai suburban
District.

14 MCHI/PRES/20- 19-Jan-2021 Shri Sanjay Rathod Gazette Notification issued by

21/105 Hon'ble Minister for Forest Revenue and Forests Departments
Govt. of Maharashtra dated 10th May, 2018.

15 MCHI/PRES/20- 19-Jan-2021 Smt. Manisha Mhaiskar (I.A.S.) Procedure adopted by Government

21/106 Principal Secretary of Maharashtra for Grant of
Environment Department Environmental Clearance (EC) under
Government of Maharashtra EIA Notification 2006.
Mantralaya, Mumbai.
16 MCHI/PRES/20- 19-Jan-2021 Shri Bhushan Gagrani (I.A.S.) Integrated township policy dated 8th
21/107 Principal Secretary - 1 March 2019, clause number 13.3.
Urban Development Reduction in stamp duty.
Department
Government of Maharashtra

17 MCHI/PRES/20- 27-Jan-2021 Shri Iqbal Singh Chahal (I.A.S.) Request for Extension in Relief on all
21/108 Municipal Commissioner Payments to be made to ULB and
Municipal corporation of Govt. Of Maharashtra until 31st
Greater Mumbai March 2021

10
Sr.No. Ref.No. Date To Subject
18 MCHI/PRES/20- 22-Jan-2021 Shri Aaditya Thackeray Procedure adopted by Government
21/109 Hon’ble Minister of Tourism of Maharashtra for Grant of
and Environment Environmental Clearance (EC) under
Government of Maharashtra EIA Notification 2006.
Mantralaya, Mumbai

19 MCHI/PRES/20- 28-Jan-2021 Shri Balasaheb Thorat Very Urgently - Request to relax the
21/110 Hon’ble Minister of Revenue condition from the requirement of
Government of Maharashtra attested Power Of Attorney in the
registration of Development
Agreement of the co-operative
Housing society for those society
Sr no. Ref. No. Date To members who are presently Subject
staying
12 MCHI/PRES/20- 18-Jan-2021 outside India
Dr. Nitin Kareer (I.A.S.) in view of non-
functioning Stamp Duty payable on instru
or closure of embassies.
21/100 Additional Chief Secretary executed for Rehabilitation o
Revenue Department Dwellers as per the Slum Reh
20 MCHI/PRES/20- 29-Jan-2021 Shri Uddhav Ji Thackeray GovernmentSub:ofRequest to restore the Private
Maharashtra scheme under Maharashtra S
21/111 Hon’ble Chief Minister office strength capacity to 100%
(IC&R) Act 1971 in respect o
Government of Maharashtra Ref: Easing of Restriction and Phase-
situated within the city of Mu
wise opening of Lockdown (Mission
District & Mumbai suburban
Begin Again) order dated 31st
13 MCHI/PRES/20- 18-Jan-2021 Shri S V RAugust 2020
Sriniwas and 29th January 2021.
(I.A.S.)
21/101 Principal Secretary
21 MCHI/PRES/20- 1-Feb-2021 Shri Satish Lokhande (I.A.S.) Facility of instalment/deferment
Housing Department
21/112 Chief Executive Officer, Governmentfor various fees/deposits/ premiums
of Maharashtra
Slum Rehabilitation Authority, andMumbai
Mantralaya, 50% rebate announced by
- 400032
Administrative Building, Govt. of Maharashtra
Bandra (E), Mumbai – 400
051.
14 MCHI/PRES/20- 19-Jan-2021 Shri Sanjay Rathod Gazette Notification issued by
22 MCHI/PRES/20- 4-Feb-2021
21/105 Smt Manisha MhaiskarHon'ble
(I.A.S.) Minister
Requestfor forForest
small amendment in the Departments date
and Forests
21/114 Principal Secretary Govt. of Maharashtra
Guidelines issued for appraisal May, of2018.
15 MCHI/PRES/20- Environment Department
19-Jan-2021 ‘Building
Smt. Manisha and Construction’
Mhaiskar (I.A.S.) and
Procedure adopted by Govern
21/106 Government of MaharashtraPrincipal ‘Township
Secretary and Area Development’ Maharashtra for Grant of Env
Environment Department Clearance (EC) under EIA Noti
23 MCHI/PRES/20- 8-Feb-2021 Shri Aaditya ThackerayGovernment of Maharashtra
Thanking you for approving 2006.
21/116 Mantralaya,
Hon’ble Minister of Tourism Mumbai.for appraisal of ‘Building
Guidelines
16 MCHI/PRES/20- 19-Jan-2021
and Environment Shri Bhushan Gagrani (I.A.S.)and ‘Township
and Construction’ Integratedandtownship policy da
21/107 Government of MaharashtraPrincipal Area
Secretary -1
Development’ March 2019, clause number 1
Mantralaya, Mumbai Urban Development Department Reduction in stamp duty.
Government of Maharashtra
24 17
MCHI/PRES/20- MCHI/PRES/20-
8-Feb-2021 27-Jan-2021
Shri R.A. Rajeev (I.A.S.)Shri IqbalREMINDER:
Singh ChahalGranting
(I.A.S.) relief
Request
on for Extension in Relie
21/117 21/108 Metropolitan Commissioner, various payments to MMRDA due toto be made to ULB
Municipal Commissioner Payments
MMRDA, MunicipalCOVID
corporation
- 19 of Greater Of Maharashtra until 31st Ma
Bandra (E), Mumbai Mumbai
18 MCHI/PRES/20- 22-Jan-2021 Shri Aaditya Thackeray Procedure adopted by Govern
21/109 Hon’ble Minister of Tourism and Maharashtra for Grant of Env
25 MCHI/PRES/20- 8-Feb-2021 Shri R.A. Rajeev (I.A.S.)Environment
Charging interest as per SBI Clearance
Lending(EC) under EIA Noti
21/118 Government
Metropolitan Commissioner, rateof
toMaharashtra
all leaseholders as 2006. per
MMRDA, Mantralaya, Mumbai
Supreme Court of India order dated
19 MCHI/PRES/20- 28-Jan-2021
Bandra (E), Mumbai Shri Balasaheb Thorat
10.07.2020. Very Urgently - Request to re
21/110 Hon’ble Minister of Revenue condition from the requiremen
26 MCHI/PRES/20- 15-Feb-2021 Shri Rajeev D Nivatkar GovernmentCartelizing by Cement and Steel Power Of Attorney in
of Maharashtra attested
21/119 Collector Manufacturers and steep registration
revision of Development A
Mumbai - 400001 and request for immediate of the co-operative Housing s
intervention for SURVIVAL of Realthose society members who a
Estate Sector in the Maharashtra.staying outside India in view o
functioning or closure of emb
20 MCHI/PRES/20- 29-Jan-2021 Shri Uddhav ji Thackeray Sub: Request to restore the P
21/111 Hon’ble Chief Minister strength capacity to 100%
Government of Maharashtra Ref: Easing of Restriction and
opening of Lockdown11 (Mission
Again) order dated 31st Augu
Sr.No. Ref.No. Date To Subject
27 MCHI/PRES/20- 22-Feb-2021 Shri Subhash Desai CREDAI-MCHI suggestions for
21/121 Hon’ble Minister of Industries Proposed new IT/ ITeS
Government of Maharashtra

28 MCHI/PRES/20- 20-Feb-2021 Shri Keshav Ubale Request for Assistance to bailout the
21/122 Assistant Commissioner redevelopment of Municipal
(Estate) tenanted properties on Estate land
4th floor, MCGM, Municipal
Head office,
Mahapalika Marg, Fort.
Mumbai – 400 001

29 MCHI/PRES/20- 20-Feb-2021 Shri Keshav Ubale Request for Assistance to bailout the
21/122 Assistant Commissioner redevelopment of Municipal
(Estate) tenanted properties on Estate land
4th floor, MCGM, Municipal
Head office,
Mahapalika Marg, Fort.
Mumbai – 400 001

30 MCHI/PRES/20- 2-Mar-2021 Shri Balasaheb Thorat Application to issue circular / give

21/123 Hon’ble Minister for Revenue directions to respective offices of
Government of Maharashtra Sub-Registrars of Assurances for
determination of the market value of
the property for calculation of Stamp
Duty payable thereon, by taking an
average of the RR Value of the
CTS/Survey numbers of the property
described in the documents.

31 MCHI/PRES/20- 4-Mar-2021 Shri Iqbal Singh Chahal (I.A.S.) Request for 3-month extension in
21/126 Hon’ble Municipal payment of Property tax without any
Commissioner penal interest
Mumbai Corporation of
Greater Mumbai
Fort, Mumbai – 400001

32 MCHI/PRES/20- 8-Mar-2021 Shri P Velrasu (I.A.S.) Request for 3-month extension in

21/127 Additional Municipal payment of Property tax without any
Commissioner - Projects penal interest
Mumbai Corporation of
Greater Mumbai
Fort, Mumbai – 400001

33 MCHI/PRES/20- 10-Mar-2021 Shri Iqbal Singh Chahal (I.A.S.) Request to skip file going to audit
21/129 Hon’ble Municipal department already approved by
Commissioner Building Proposal Department until
Mumbai Corporation of 31st March 2021, enabling the
Greater Mumbai developer to deposit premium
Fort, Mumbai – 400001 at a faster rate.

34 MCHI/PRES/20- 12-Mar-2021 Shri Satish Lokhande (I.A.S.) Request for 50% concession in
21/131 Chief Executive Officer premiums along with additional FSI
Slum Rehabilitation Authority and Fungible FSI
Bandra East. Mumbai

12
Sr.No. Ref.No. Date To Subject
35 MCHI/PRES/20- 16-Mar-2021 Jt. Director, Town Planning, घोिषत झोपडपट्टी असलेल्या क्षेत्राच्या मुं बई व मुं बई
21/132 (Valuation महानगर उपनगरात खरेदीखताच्या दस्ताच्या
मूल्यांकनाबाबत

36 MCHI/PRES/20- 16-Mar-2021 Shri Shravan Pramod Hardikar घोिषत झोपडपट्टी असलेल्या क्षेत्राच्या मुं बई व मुं बई महानगर
21/133 (I.A.S.) उपनगरात खरेदीखताच्या दस्ताच्या मूल्यांकनाबाबत
Inspector General
Registration &
Controller of Stamp
New Admn.Bldg., Ground
Floor, Opp. Council Hall
PUNE 411001

37 MCHI/PRES/20- 16-Mar-2021 Jt. Inspector General घोिषत झोपडपट्टी असलेल्या क्षेत्राच्या मुं बई व मुं बई महानगर
21/134 Registration & उपनगरात खरेदीखताच्या दस्ताच्या मूल्यांकनाबाबत
Controller of Stamp
New Admn.Bldg., Ground
Floor, Opp. Council Hall
PUNE 411001

38 MCHI/PRES/20- 16-Mar-2021 ACS Revenue घोिषत झोपडपट्टी असलेल्या क्षेत्राच्या मुं बई व मुं बई महानगर
21/135 उपनगरात खरेदीखताच्या दस्ताच्या मूल्यांकनाबाबत

39 MCHI/PRES/20- 17-Mar-2021 Shri Iqbal Singh Chahal (I.A.S.) Waiver of LUC taxes for the period
21/136 Hob’ble Municipal of total Lockdown i.e. from
Commissioner 20.03.2020 to 08.06.2020 (said
Municipal Corporation of “Total Lockdown”)
Greater of Mumbai
Fort. Mumbai 400 001.

40 MCHI/PRES/20- 23-Mar-2021 Shri Balasaheb Thorat Request to extend the Stamp

21/138 Hon’ble Minister of Revenue Duty Rebate for 12 months
Government of Maharashtra
Mantralya

41 MCHI/PRES/20- 23-Mar-2021 Shri Balasaheb Thorat Request to Change Land ASR rate to
21/139 Hon’ble Minister of Revenue 1/3rd of Residential RR rate
Government of Maharashtra
Mantralya

42 MCHI/PRES/20- 23-Mar-2021 Shri Uddhav Ji Thackeray Request to extend the Stamp

21/140 Hon’ble Chief Minister Duty Rebate for 12 months
Government of Maharashtra
Mantralya

43 MCHI/PRES/20- 23-Mar-2021 Shri Ajit Pawar Ji Request to extend the Stamp

21/141 Hon’ble Deputy Chief Duty Rebate for 12 months
Minister
Hon’ble Minister of Finance
Government of Maharashtra
Mantralya

44 MCHI/PRES/20- 23-Mar-2021 Dr. Nitin Kareer (I.A.S.) Request to extend the Stamp
21/142 Additional Chief Secretary Duty Rebate for 12 months
Revenue Department
Government of Maharashtra
Mantralya

13
Sr.No. Ref.No. Date To Subject
45 MCHI/PRES/20- 23-Mar-2021 Shri Manoj Saunik (I.A.S.) Request to extend the Stamp
21/143 Additional Chief Secretary
Duty Rebate for 12 months
Finance Department
Government of Maharashtra
Mantralya

46 MCHI/PRES/20- 23-Mar-2021 Shri Shravan Pramod Hardikar

Request to extend the Stamp
21/144 (I.A.S.)
Inspector General
Duty Rebate for 12 months
Registration &
Controller of Stamp
New Admn.Bldg., Ground
Floor, Opp. Council Hall
PUNE 411001

47 MCHI/PRES/20- 24-Mar-2021 Shri Iqbal Singh Chahal (I.A.S.) Request to avail period of 3 months
21/145 Hob’ble Municipal to submit Registered undertaking wrt
Commissioner the seeking benefit of reduction in
Municipal Corporation of premiums as per GOM Notification
Greater of Mumbai dated 14.01.2021 and MCGM
Fort. Mumbai 400 001. Circular dated 22.02.2021 &
05.03.2021

48 MCHI/PRES/20- 24-Mar-2021 Shri Anil Diggiker (I.A.S.) Fungible Compensatory Area under
21/146 Vice President & CEO, Regulation 31(3) of DCPR 2034.
Maharashtra Housing and
Area Development Authority,
Grihanirman Bhavan, Bandra
(E),
Mumbai – 400051

49 MCHI/PRES/20- 25-Mar-2021 Shri Iqbal Singh Chahal (I.A.S.) Request to extend the deadline for
21/147 Hob’ble Municipal paying the outstanding payment of
Commissioner all dues from 31st March 2021 to
Municipal Corporation of 15th April 2021
Greater of Mumbai
Fort. Mumbai 400 001.

14
CREDAI-MCHI IMPACT

15
SEMINARS & WORKSHOPS
CREDAI-MCHI KDU & KDMC SEMINAR
ON DECODING UDCPR

On 9th February, a one-day Seminar

on Decoding U D C P R organized by
CREDAI-MCHI KDU & KDMC was
inaugurated with lighting of the lamp
and felicitation ceremony for the dignitaries
at Atre Rangmandir Hall, Kalyan.
The dignitaries present at the event
were Shri Vijay Suryavanshi, Municipal
Commissioner, KDMC, Shri Sudhakar
Nangnure, Director, Town Planning,
GOM, Shri Prakash Bhukte, Ex-Joint
Director, Town Planning, GOM, Shri
Deepak Goradia, President, CREDAI-MCHI,
Shri Pritam Chivukula, Hon. Secretary,
CREDAI-MCHI, Shri Shrikant Shitole,

16
President, CREDAI-MCHI KDU and other
Government Officials.
Shri Deepak Goradia, President, while
addressing the gathering congratulated
the Government of Maharashtra and
CREDAI-MCHI KDU & KDMC for organizing
the seminar, stating that it was a need
of the hour.
This seminar witnessed an overwhelming
participation of over 300 participants
from Developers, Architects and Landowners.
Technical sessions were also being arranged
for the day by various officials.

17
 SEMINAR FOR CONCILIATORS
IN MMRDA REGION

MahaRERA organized a Seminar for Conciliators in MMRDA Region at the MahaRERA

Auditorium, Bandra, on 10th March 2020, in order to commemorate the 3rd
Anniversary of MahaRERA Conciliation Forum and to impart a training program
to the Conciliators of CREDAI-MCHI, Mumbai Grahak Panchayat (MGP) and
NAREDCO.
The members present from CREDAI-MCHI were Shri. Deepak Goradia, President,
Shri. Pritam Chivukula, Hon. Secretary, Shri. Mohan Deshmukh, Senior Conciliator
and Past President, Shri. Chaitanya Parekh, Conciliator and Member of CREDAI-MCHI.
The other dignitaries present were Shri. Gautam Chatterjee, the Former Chairman,

MahaRERA, Shri Ajoy Mehta (Retd. IAS), Chairman - MahaRERA, Shri. Vijay Satbir
Singh, Hon. Member MahaRERA, Shri. Vasant Prabhu, Secretary, MahaRERA, Shri.
Shirish Deshpande, MGP and Shri. Ajay Mehta, Trainer.
Pre-RERA, the real estate sector was completely unorganized and unregulated with
multiple challenges. It took 70 years for the sector to get a regulator. RERA aims
at ushering in an era of 3Ts in the Real Estate Sector and maintain focus on Five
Key Pillars of the Act, RERA 1.0 Implementation Report: MahaRERA the Leader,
statistics pertaining to MahaRERA and the consequent analysis, i n n o v a t i v e
initiatives of MahaRERA, challenges in Post RERA era and RERA 2.0 that aims to
focus on development.
18
Shri Mohan Deshmukh, in his address, briefed the gathering about the good
progress of the Conciliation Forum and assured the MahaRERA Authority to
aggressively implement it through a more result-oriented approach as a way
forward.
Shri Gautam Chatterjee, in his presentation, highlighted that out of 28,000 ongoing
projects, only 13,000 are registered. Moreover, out of all the registered ongo-
ing projects, only 6,500 have been completed reason for non-completion range
from liquidity issues to NBFC problems to Covid-19 and also developers’
delinquency. 4,500 projects could have further been completed had they not
got an extension. There are 12,500 complaints filed in MahaRERA which are
against 2,600 registered projects (less than 10% of all registered projects) & 765
complaints for non-registration. A good number of 9000 complaints have been
disposed of.
Shri Ajoy Mehta, in his speech while appreciating the efforts put in by the entire
Conciliators said that the well-structured MahaRERA Conciliation Forum needs
to focus on standardizing and simplifying the laws and the current methods
which are being practiced.
The session concluded with a wonderful training session provided by Shri Ajay
Mehta (Trainer) to all the Conciliators present.
19
 MAHARERA CONCILIATION REPORT
FROM OCT 2020 TO FEBRUARY 2021

MahaRERA Conciliation Report from Oct 2020 to February 2021

Lack of
Pending Concilia-
Sr. MCHI & MGP Allotted Settled Jurisdiction/
For tion
No. Conciliators Cases Cases withdrawn/
Hearing Failed
other reason

1 Mr.Rajnikant Ajmera/ 8 7 0 1 0
Ms.Veena Gondalekar

2 Mr. Mohan Deshmukh/ 6 3 0 3 0

Mr. Prakash Modak

3 Mr. Pravin Doshi/ 0 0 0 0 0

Ms. Anita Khanolkar

4 Mr. Paras Gundecha/ 5 2 0 3 0

Ms. Sharmila Ranade

5 Mr. Rajesh Prajapati / 7 5 0 2 0

Ms. Uday Pingle

6 Mr. Shailesh Puranik/ 4 3 0 1 0

Dr. Archana Sabnis

7 Mr. Rajesh Gupta / 0 0 0 0 0

Ms. Manisha Kulkarni

8 Mr. Bipin Savla / 7 4 3 0 0

Ms. Mrudula Chiplunkar

Percentage : 64%
Total Settled Conciliation
37 24 3 10 0 Cases in 6 month (i.e.
Conciliation Heard from October 2020 till
March 2021)

MahaRERA Conciliation Special Cases Oct to Dec 2020

Lack of
Pending Concilia-
Sr. MCHI & MGP Allotted Settled Jurisdiction/
For tion
No. Conciliators Cases Cases withdrawn/
Hearing Failed
other reason

Mr. Pravin Doshi/

4 2 1 1 0
Dr Archana Sabnis ( MGP)

Total
4 2 1 1 0
Conciliation Heard

20
 MahaRERA Conciliation (REFERRED CASES) Report March 2021

Lack of
Pending Concilia-
Sr. MCHI & MGP Allotted Settled Jurisdiction/
For tion
No. Conciliators Cases Cases withdrawn/
Hearing Failed
other reason

1 Mr.Rajnikant Ajmera/ 8 0 8 0 0
Ms.Veena Gondalekar
2 Mr. Mohan Deshmukh/ 7 2 4 1 0
Mr. Prakash Modak
3 Mr. Pravin Doshi/ 10 2 4 4 0
Ms. Anita Khanolkar
4 Mr. Paras Gundecha/ 12 0 4 8 0
Ms. Sharmila Ranade
5 Mr. Rajesh Prajapati / 4 0 3 1 0
Ms. Uday Pingle
6 Mr. Shailesh Puranik/ 4 1 3 0 0
Dr. Archana Sabnis
7 Mr. Rajesh Gupta / 0 0 0 0 0
Ms. Manisha Kulkarni
8 Mr. Bipin Agarwal / 4 0 4 0 0
Ms. Mrudula Chiplunkar
9 Mr. Ashit Shah / 0 0 0 0 0 Shall Start from April 2021
Mrs. Archana Pangaonkar
10 Mr. Nikunj Sanghavi / 0 0 0 0 0 Shall Start from April 2021
Mr. Ravindra S.
11 Mr. Pritam Chivukula / 0 0 0 0 0 Shall Start from April 2021
Ms. Mrudula Chiplunkar
12 Mr. Chaitanya Parekh / 0 0 0 0 0 Shall Start from April 2021
Ms. Manisha Kulkarni

Percentage : 10%
Total Settled REFERRED
49 5 30 14 0 Conciliation Cases in 1
Conciliation Heard
month (i.e. March 2021)

Cases of 6 months Month No of Cases in 6 Months Settled

Conciliation Cases Oct 2020 to Feb 2021 24 64%

REFERRED Conciliation Cases Mar-21 49 10%
Special Cases Oct-20 4 50%

TOTAL 6 Months 77 74%

21
22
CREDAI-MCHI, in association with its Knowledge Partner CRE Matrix, jointly
unveiled a comprehensive research report ‘MMR Property Tracker’ at the 8th
edition of CREDAI-MCHI Biznet 2021 in Mumbai on 26th February. The unveiling
was headed by Dr. Adv. Harshul Savla - Task Owner, Mr Deepak Goradia - President,
Mr. Pri t a m C hiv u k u l a - Se c retary, Mr. Do m nic Ro m el l - V i c e P re s i d e n t ,
CREDAI-MCHI, Mr. Jayesh Shah - Vice President, CREDAI-MCHI, Mr. Mayur
Shah - Past President, CREDAI-MCHI, Mr. Vijay Lakhani - President, Navi Mumbai
CREDAI-MCHI and Mr. Abhishek Gupta, CEO & Co-Founder, CRE-Matrix.
The monthly report, which has traced the quantum of MMR residential real es-
tate transactions in January, analyzed the region by dividing it into 8 key hous-
ing markets in the regions: CBD Mumbai, Central Mumbai, Central Suburbs,
Western Suburbs, Eastern Suburbs, Thane, Raigad and Palghar.

23
Of the key findings in the ‘MMR Property Tracker Report’, it was observed that
MMR witnessed 33% y-o-y growth in Housing Sales in January 2021. The average
value of the property sold in January 2021 was 66 lacs implying a 14% y-o-y
growth in average property value.
The Central Business District (CBD) Mumbai witnessed renewed enthusiasm
from the HNI’s, with 48% y-o-y growth in units sold in January 2021, with an
average ticket size of Rs. 1.6 crore. Meanwhile, in Central Mumbai, the period
from September 2020 to December 2020 showed a hockey-stick like increase
in the value of units registered capturing the positive effect of stamp duty reduc-
tion taken by the state govt. The Central Suburbs saw that the value of sales in January
2021 was a substantial 71% more than the monthly average of the value of the
units sold in the previous three years. Western Suburbs and Eastern Suburbs
witnessed 58% and 71% y-o-y growth in sales with an average ticket size of Rs
1.1 crore, respectively. This sales momentum is expected to continue further as
the pandemic effect is slowing down and fence-sitters are now going ahead and
taking the property investment plunge. Across Thane, 30% more units were sold as
compared to January 2020, with an average ticket size of 41 lacs. Raigad, largely
known to be an affordable housing market, oversaw a y-o-y growth of 23% in
housing sales.
CREDAI-MCHI President, Deepak Goradia, shared his comments on the same -
“The past few months have re-laid the foundation of the Real Estate sector not
just in MMR but the entire state of Maharashtra, largely owing to the progressive
and decisive measures taken by the State Government to galvanize the sector in
the post pandemic era. This joint report with CRE Matrix is a testament to the
improving home buying sentiments in MMR with the region witnessing an overall
y-o-y growth of 33% in housing sales in January. Homebuyers, at the back of
COVID–19, have also fully comprehended the importance of owning a house
and have been registering interest owing to a number of favourable buying factors.
We expect this strong tide to continue till March and hope to sustain this momentum
beyond March as well.”

24
 2/2.5 BHK UNITS DRIVING
MMR HOUSING DEMAND:
CREDAI-MCHI - CRE MATRIX
RESEARCH REPORT

CREDAI-MCHI, in association with its Knowledge Partner CRE Matrix, jointly

unveiled the second edition of its comprehensive research titled ‘MMR Housing
Typology Report’, tracing the most pertinent home buying trends of MMR residential
real estate transactions since January 2017. The research report shares a thorough
and insightful micro-market analysis by dividing MMR into 8 key housing markets:
CBD Mumbai, Central Mumbai, Central Suburbs, Western Suburbs, Eastern Suburbs,
Thane, Raigad and Palghar.
Smaller sized units remain the preferred choice for MMR homebuyers, with approx.
87% of total unit sales falling in the <=2/2.5 BHK category at an average ticket size
of Rs 55 lacs over the last four years. With Mumbai as one of the costliest property
markets in India with larger ticket sizes than anywhere else in the country, smaller
houses (<2/2.5 BHK) in MMR remain consistently in demand - a trend that has
continued for years. In Jan-Feb 2021 too, Rs 20,736 crores worth of houses were
registered under the category, amounting to approximately 60% of the total value of
properties sold in the same timeframe.
The ‘MMR Housing Typology Report’ observed that the Central Business District
(CBD) witnessed a y-o-y growth (2020 as compared to 2019) in sales in terms of
both number and value of units sold, despite year 2020 being a truncated year
due to COVID-19. In Jan - Feb 2021, the >=4BHK category had the highest impact
and share in terms of value of properties sold, with an average ticket size of
Rs 13 crore. The Central Mumbai region has historically witnessed the majority

25
of sales (in value terms) coming from larger typologies. In Jan – Feb 2021 too,
>=4BHK category had the highest share in the value of units sold. Central Suburbs
is typology agnostic – as all types contributed at least 15% in value terms in
2020. The highest contributor in terms of the value of properties sold, though,
was the 3/3.5 BHK category, at an average ticket size of Rs 3.6 crores. Eastern
Suburbs, on the other hand, 2 - 3 BHK category had the highest impact (~60%)
on the value of properties sold, with an average ticket size of Rs 1.7 crore.
Across Western Suburbs, <=2.5 BHK is the most popular category, contributing
to over 84% of unit sales in 2020, a trend also witnessed in Jan-Feb 2021.
Historically, while the majority of sales in Thane have come from the 1/1.5 BHK seg-
ment, with an average ticket size of Rs. 30 lacs, this year the 2/2.5 BHK category
has emerged as the highest impact typology - contributing an avg. of 22% to units
sold but 27% to total value sold. Led by an increase in real estate development and
enhancing infrastructure, we foresee a change in Thane’s buyer preferences in
the future. In Raigad, the affordable segment market has witnessed almost 66%
units being sold in the Studio / 1 / 1.5 BHK segment with an average ticket size
of Rs 27 lacs. Palghar has witnessed the majority of sales happening in smaller
typologies of 1/2 BHK segments, contributing 94% in the number of units sold
and 84% in total value sold in 2020. Going-forward, with the Mumbai-Ahmedabad
bullet train route passing through this region, it is likely to see an improvement
in the overall development and an increase in demand for larger typologies as
well. CREDAI MCHI President, Deepak Goradia, shares his remarks “We are ex-
tremely proud and delighted to unveil the second edition of CREDAI MCHI – CRE
Matrix research report titled ‘MMR Housing Typology Report’. This re p o rt gives
consumers an insight into housing typologies and trends and also provides the devel-
oper fraternity with a definitive course of strategic direction for future projects.
With a new dawn of MMR real estate upon us, we look forward to partnering with
industry stakeholders by facilitating an informed and knowledgeable real estate envi-
ronment and making a decisive difference to enable Real Estate to lead the next
chapter of growth for Mumbai and Maharashtra’s economy.”

26
27
 BIZNET 2021
E-BIZNET WITH ASIAN PAINTS
An exclusive edition of E-Biznet
was held on 22nd January
2021 (Friday) with Asian
Paints. This was a unique
session as it marked the first
time ever that Asian Paints
gave a presentation on an
Integrated solution and platform
where the consumers were
given an intensive under-
standing of a wide range of
products that Asian Paints
has to offer.

Asian Paints is India's big-

gest building material com-
pany with multiple products
ranges for construction.
Driven by its strong con-
sumer-focus and innovative
spirit, the company has been
the market leader in paints
since 1967. Asian Paints has
also forayed into water proof-
ing, construction chemicals, bath fittings, sanitaryware and modular kitchens.
The participation of attendees was seen at a pan-India level as the session was
held on a digital platform.

28
 8TH BIZNET 2021

After almost a year in virtual operation mode, CREDAI-MCHI struck back

to meet the industry in person by adapting to the new normal and with a l l t he
necessary safety protocols in place. The event saw the success of the utmost
degree as the event was graced with the presence of multiple dignitaries and
members of the industry.

29
On 26th February 2021, CREDAI-MCHI created an opportunity for an interaction
point for the real estate fraternity to sit across the table from the decision makers
to discuss their upcoming procurement requirements and together, face the
challenges from the past year and the years to come.
A day of interactive networking that acted as a catalyst between world class
buyers and sellers from the industry in an environment of exclusivity was held
at Sofitel Mumbai, BKC.
The 8th edition of CREDAI-MCHI Biznet 2021 was inaugurated by Mr. Deepak
Goradia, President, Mr. Pritam Chivukula, Secretary, Mr. Domnic Romell, VP,
Mr. Shahid Balwa, Member, Mr. Nimish Ajmera, Convener, Procurement Wing,
Mr. Vijay Lakhani, President, at Navi Mumbai CREDAI-MCHI, Mr. TD Joseph,
Head Events & IPs.

30
KNOWLEDGE SERIES

31
CREDAI-MCHI Knowledge Series is an initiative by the Skill Development Committee

to encourage the know-how and technical knowledge of the Real Estate Industry.

After the successful completion of our first ever Knowledge Series on Real Estate

Laws, CREDAI-MCHI initiated a second edition that encompassed topics under

Construction Management.

This 6-session series proved to be a fruitful comprehensive certificate program

covering a wide range of topics that received overwhelming participation from

across the country. In the entirety of this series, significant and relevant topics

were undertaken by experts from the respective field.

On 18th March 2021, Ravi Shah from Namrata Group and Aditya Goyal from

M/s Durga Associates covered the topic Cost Saving Measures during the Construc-

tion Phase of the Project. On the same day, this was followed by the session on

Value Engineering: Design Guidelines to save Construction Cost conducted by Dilip

Mittal from Mittal Brothers Pvt. Ltd.

On 19th March 2021, Varun Advani from A Advani Realty and Nilesh Agarwal

from Unicon Group conducted the session on How to make houses affordable

through Construction Management.

On 20th March 2021, the topic covered was 360 degree Digitization in the Realty

Space - Concept to Handover led by Hari Easwaran from L&T Realty.

The session on 24th March 2021 was conducted by Shabbir Kanchwala from

K Raheja Corp which covered the topic Construction Management for Office Parks

& Residential Projects.

The last session of the series was held on 26th March 2021 on Nano Housing - Concept and

Case Studies and was led by the speakers Dr. Suresh Haware and Amit Haware from

Haware Properties.

32
 CSR
CREDAI-MCHI
WOMEN'S WING
CREDAI-MCHI Women’s Wing conducted a virtual workshop
on 19th January 2021 on ‘Shakti Within’.

The focus was maintained on the relevance of the 5 Maha Shaktis in our everyday life.
‘Shakti Within’ is being offered by The Bridge and Pūrnam to kindle the curiosity
of the participants in self-reflectively delving deeper into their own psyches and
understanding themselves better. An openness to new learning and perspectives,

33
along with a keenness to look within and be self-reflective are the only prerequisites
needed. The workshop was sponsored by Deceuninck .
Ms Richa Shah - CREDAI-MCHI Women's Wing Hon. Chairperson, welcomed
the Women's Wing members, participants, and the speaker, Mr Naveen Vasudevan.
Mr. Vasudevan is an Environmental Engineer by training but more importantly considers
himself a student of Yoga. Over the last 15 years he has been engaged with the
questions: "What does it mean to live meaningfully in today's times?" and "How
may I offer the best of myself to the whole?". He states that the ongoing journey
has been richly rewarding and fulfilling. He is a co-founder of Ritambhara and the
founder of Pūrnam.

CREDAI-MCHI Women’s Wing Education Scholarship

Under the aegis of CSR activity of CREDAI-MCHI Women’s Wing Education Scholarship,
cheques were handed over by Ms Sejal Goradia, Hon. Treasurer, for the academic year
2020-21 to the students of Anjuman I Islam Kalsekar Technical College, CTES College of
Architecture, Baliram Hiray College, Thakur College of Engineering and Saboo Siddique
College at CREDAI-MCHI office on 20th January, 2021.
34
CREDAI-MCHI Women's Wing would like to thank SBI Bank for helping students with
these scholarships which will help students to achieve their dreams.
On 16th March 2021, cheques were handed over to deserving students from Anjuman I
Islam Kalsekar Technical College, CTES College, Thakur College of Engineering and M.H.
Saboo Siddik College of Engineering by the following CREDAI-MCHI Women's Wing
Members for the academic year 2020-21: Hon. Chairperson - Ms. Richa Shah, Hon. Vice
-Chairperson - Ms. Falguni Shah, Hon. Secretary - Ms. Jesal Shah, Special Projects
-Ms. Anuradha Shah and Ms. Sonal Shah.

35
 CREDAI-MCHI Women's Wing Webinar

On 8th March, 2021 marking

International Women’s Day,
Rohini Basangar, Certified
Coach from International
Coach Federation, USA, led
a webinar on the topic Lead
Meaningful Life with Purpose.

She discussed how one en-

counters life altering expe-
riences of becoming a par-
ent, building relationships,
changing careers, weight
management as you transition
through life. If your work and
daily routine doesn’t bring
you happiness, joy and satis-
faction, it’s time to turn the
steering wheel.

The webinar aimed at help-

ing participants learn how
to transform their thinking
and desires into creation, to
help them find the purpose
of their existence and to be
able to live full of pleasure
and self-fulfillment

36
 CREDAI-MCHI Women’s Wing conducted a Health Camp
at Kalpataru, Avana project site

With the aim of promoting awareness in providing a healthy living and tobacco-free life to
the construction workers on our Members’ sites, CREDAI-MCHI Women’s Wing organized
a series of cancer awareness camps, which immensely benefited the construction workers.
CREDAI-MCHI Women's Wing conducted a Health Camp in association with Vasantha
Memorial Trust for Cancer at Kalpataru, Avana site at Parel on 10th March, 2021 for the
labourers.
The camp witnessed a wholehearted and enthusiastic participation by the construction
workers who attended the camp. The motivational talk and presentation g iven
b y Mrs. Jayalakshmi of Vasantha Memorial was very informative and useful for the
labourers. A short film based on cancer was also shown to the construction workers to
increase awareness about the aforementioned topic.

37
CREDAI-MCHI NEWS

38
CREDAI-MCHI NEWS

39
CREDAI-MCHI NEWS

40
CREDAI-MCHI NEWS

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 THANK YOU
PA RT NERS
QUARTERLY TIEUPS

CREDAI-MCHI & CRE MATRIX

E-BIZNET WITH ASIAN PAINTS
RESEARCH REPORT

8TH CREDAI-MCHI BIZNET 2021 POWERED BY

OUR PARTNERS

CREDAI MCHI KNOWLEDGE SERIES POWERED BY

CREDAI-MCHI WOMEN’S WING CREATIVE CREDAI-MCHI

VIRTUAL WORKSHOP PARTNER WOMEN’S WING
ON ‘SHAKTI WITHIN’ EDUCATION SCHOLARSHIP

47
 UPCOMING EVENT
2nd Edition of Virtual Property Expo

CREDAI-MCHI held its first edition of Virtual Property Expo in December 2020 which
saw massive success with over 200 projects displayed from the MMR, Pune, Palghar
and Goa region. Owing to this success and widespread reach through the digital medium,
CREDAI-MCHI is hosting its 2nd edition from 5th May to 15th May 2021. In the upcoming
edition, we aim to enhance the user experience by adding features like a dedicated call
centre, Book Your Site Visit and more to ease the home buying process for potential buyers. By
being a part of this Expo, you'd also be a part of driving ahead the purpose of revival of Real
Estate and collectively help developers reach their target audience.
Attached herewith is the presentation for your reference.
Do reach out to us in case of any queries.
https://mchi.net/pdf/CREDAIMCHI_VIRTUALPROPERTYEXPO_2.0_5TO15MAY20.pdf
Scan here

48
 EDITORIAL TEAM

Deepak Goradia Pritam Chivukula Dr. Adv. Harshul Savla

President Secretary Editor

Vishal Jain TD Joseph Satish Kumar

SUVIDHA Lifespaces Head Head Secretariat
(M Realty) Event & IPs

Bhagyashree Khedkar Harish Gupta Charmi Patel

PR & Event Team Secretariat Team Event Team

Reena Norhona
Women's Wing

49
Address: Maker Bhavan – II, 4th Floor, 18,
V. Thackersey Marg, New Marine Lines,
Mumbai - 400020
Contact: +91 22 4212 1411

www.mchi.net