MCHI-CREDAI property exhibition focus on affordable housing this year

The exhibition now in its 25th year and a tie-up with online realty portal housing.com for the first time, features over 300 exhibitors with over 80,000 units on the block for sale.

The four-day annual property exhibition by MCHI-CREDAI at the Bandra Kurla Complex will focus on affordable housing, this year. There will be a separate pavilion for projects in the low-cost range. State Housing Minister Prakash Mehta inaugurated the exhibition Thursday.

The exhibition now in its 25th year and a tie-up with online realty portal housing.com for the first time, features over 300 exhibitors with over 80,000 units on the block for sale.

Boman Irani, chairman and managing director of Rustomjee Group, and one of the key functionaries at the Maharashtra Chamber of Housing Industry (MCHI) said, “We have a separate section for affordable housing projects. The exhibition features 1 BHKs with an average price tag of Rs 35 lakh approximately. Since the size of these projects is large, I would say at least half the units on sale would be in the affordable housing segment with a price of less than a crore.”

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The affordable housing projects are mostly located in areas such as Ambernath, Bhiwandi, Palghar, Virar, Taloja, Karjat, Uran, Neral, Mira Bhayander and so on, costing Rs 10 lakh and above.

The property expo will run for 21 additional days as a virtual exhibition on housing.com.

mumbai.newsline@expressindia.com

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