First of its kind realty expo to commence in Navi Mumbai from today
For the first time, Maharashtra Chamber of Housing Industry-Confederation of Real Estate Developers Association of India (MCHI-CREDAI) is organizing a realty expo that focuses on Navi Mumbai, and Raigad.
The four-day exhibition will present housing option in Navi Mumbai and Raigad. The expo will start from today at the GS Tandel Ground near Seawoods Railway Station. At the 150 stalls in the expo, visitors can view close to 1,150 properties by 260 developers in 70 locations including Airoli, Vashi, Nerul, Taloja, Kharghar, Belapur, Panvel, Dronagiri, New Panvel, Karjat, Neral and Khopoli. The range of property is between Rs. 5.2 lakh to over a Rs. 1 crore.
The increasing housing construction in Navi Mumbai prompted MCHI-CREDAI to set up a separate unit for the region. Through this exhibition, the authority attempts to organize builders and ensure they follow a code of conduct.
According to the president of Raigad unit of MCHI-CREDAI, Rajesh Prajapati, most properties will fall between the range Rs 25 lakh and Rs 75 lakh. The soaring property prices in Mumbai and suburbs have led to a shift in property investment in Navi Mumbai and Raigad areas.
Mr. Rajesh highlighted that residents of Mumbai are looking forward to Navi Mumbai for homes especially residents staying in Bhandup, Ghatkopar, Mulund and western suburbs like Andheri.
Property developers such as Lodha Group, Hex Corp, and Hiranandani would display luxury home range. Developers such as Arihant Group, Omkar and Swaraj Group will be displaying affordable housing at the expo. Finance options from over 30 banks are also available.
Source: The Financial Express
