CREDAI-MCHI announces landmark exhibition on ‘Redeveloping Mumbai: Ease of Doing Redevelopment (EODR)’ in Mumbai

First-ever exhibition to facilitate housing societies seeking redevelopment and featuring over 40 reputed real estate developers

by Priya Jadhav

Mumbai, September, 2024…In a groundbreaking initiative to facilitate the redevelopment of housing societies across Mumbai, CREDAI-MCHI, the apex body of real estate developers in the Mumbai Metropolitan Region (MMR), has announced the first-ever exhibition titled ‘Ease of Doing Redevelopment’ (EODR) to be held on Saturday, 28th September 2024 at the Jio Convention Centre, Jasmine Hall from 11:30 am to 7:30 pm. The EODR exhibition aims to bring together key stakeholders to simplify and expedite the redevelopment process, offering housing societies an exclusive platform to directly interact with leading developers and Project Management Consultants (PMCs).

Supported by esteemed government bodies such as the Brihanmumbai Municipal Corporation (BMC), Maharashtra Housing and Area Development Authority (MHADA), and the Slum Rehabilitation Authority (SRA), the exhibition promises to be a comprehensive solution for housing societies looking to navigate the complex landscape of redevelopment.

While speaking about the exhibition, Mr. Domnic Romell, President, CREDAI-MCHI said, “Redevelopment presents both immense opportunities and significant challenges for Mumbai’s housing societies. Through this exhibition, CREDAI-MCHI aims to simplify the redevelopment process by connecting societies with trusted developers, government bodies, and experts in the field. The Ease of Doing Redevelopment initiative reflects our commitment to playing a pivotal role in transforming the city’s skyline, while also aligning with government policies that promote sustainable urban development. With the active participation of over 40 reputed developers, we are optimistic about making redevelopment more accessible and beneficial for all stakeholders involved.”

Mr. Dhaval Ajmera, Secretary, CREDAI-MCHI mentioned, “Redevelopment is crucial for revitalizing Mumbai’s aging infrastructure. At CREDAI-MCHI, we are focused on simplifying this journey for housing societies, with strong backing from the government. By bringing together developers and societies, we are facilitating smoother, faster, and more transparent redevelopment processes.”

Mr. Raajesh Prajapati, Chairman – PR & Communications, CREDAI-MCHI said, “The Ease of Doing Redevelopment exhibition aims to address the core challenges housing societies face by offering direct access to developers and experts. With CREDAI-MCHI’s support and government initiatives, we’re creating an environment where redevelopment is easier and more efficient, benefiting both societies and the city’s growth.”

The EODR exhibition will showcase over 40 leading developers like Rustomjee, Adani, Kolte Patil, Puravankara, Raymond Realty, Kalpataru limited, The Ashar Group and many more along with professionals specializing in redevelopment projects. It is a golden opportunity for housing society representatives to engage with experts, address their concerns, and explore feasible redevelopment solutions under one roof. Over 500+ housing societies across MMR have already registered. Housing societies interested in participating can register their society for redevelopment at www.redevelopingmumbai.com.

The event will be graced by the presence of key dignitaries, including Shri Eknath Shinde, Hon’ble Chief Minister of Maharashtra; Shri Devendra Fadnavis, Hon’ble Deputy Chief Minister; Shri Ajit Pawar, Hon’ble Deputy Chief Minister; Shri Atul Save, Housing Minister; Shri Sanjeev Jaiswal I.A.S., VP & CEO, MHADA; Dr. Bhushan Gagrani, Commissioner, BMC; Shri Ajoy Mehta, Chairman, MahaRERA; Shri Vijay Singhal I.A.S., VC & MD, CIDCO; Dr. Mahendra Kalyankar, IAS, CEO, SRA; and Shri Tanaji Kamble, PRO, BMC. Their presence further underscores the significance of the Ease of Doing Redevelopment initiative in transforming Mumbai’s housing infrastructure.

The Ease of Doing Redevelopment exhibition marks a significant milestone in Mumbai’s urban development journey, addressing the city’s space constraints and highlighting the role of vertical expansion through redevelopment. The redevelopment market in Mumbai is estimated to be worth over ₹30,000 crore. Mumbai, India’s financial capital, is leading this trend, particularly in key micro-markets like Dadar, Prabhadevi, Bandra, Worli, Vile Parle, Juhu, Malabar Hill, and Mahalaxmi. In Mumbai, 15-25% of property registrations are now linked to redevelopment efforts, with over 3,500 projects approved by May 2024. More than 400 housing societies have already registered for the exhibition, reaffirming the importance of this event in Mumbai’s redevelopment landscape.

ABOUT CREDAI-MCHI : CREDAI-MCHI is an apex body comprising members from the Real Estate Industry in the Mumbai Metropolitan Region (MMR). With an impressive membership of over 1800+ leading developers in MMR, CREDAI-MCHI has extended its reach throughout the region, establishing units in various locations such as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibag, Karjat-Khalapur-Khopoli, and Pen. Being the only Government-recognized body for private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the industry’s organization and progress.

As a part of CREDAI National, an apex body of 13000 developers across the nation, CREDAI-MCHI has emerged as a preferred platform for regional discussions on housing and habitat by establishing close and strong ties with the government. It is committed to breaking barriers to create a strong, organized, and progressive real estate sector in the MMR.The vision of CREDAI-MCHI is to empower the Real Estate fraternity of the Mumbai Metropolitan Region as it preserves, protects, and advances the right to housing for all. To continue being a trusted ally, guiding their members, supporting the Government on policy advocacy, and assisting those they serve through the ever-evolving real estate fraternity.

Website: https://mchi.net/