The landmark event
simplifies redevelopment processes for over 900 housing societies, connecting
them with more than 40 top developers
Sanjeev Jaiswal from MHADA; Gautam Chatterjee former Chairperson of MahaRERA; Dhaval Ajmera, Secretary; Domnic Romell, President and Raajesh Prajapati, Chairperson, PR & Communications of CREDAI-MCHI at the inauguration ceremony of EODR exhibition
Mumbai, September 28, 2024: CREDAI-MCHI, the apex body representing real estate
developers in the Mumbai Metropolitan Region (MMR), successfully hosted the
first-of-its-kind exhibition titled ‘Redeveloping Mumbai: Ease of Doing
Redevelopment (EODR)’ today at the Jio Convention Centre, Jasmine Hall. The
event aimed to simplify the redevelopment process for housing societies across
Mumbai by offering direct interaction with over 40 reputed developers and
experts in the field.
A
significant highlight of the event was the unveiling of the Ease of Doing
Redevelopment Report, a joint research initiative between CREDAI-MCHI and Hurun
India. The report, presented by Shri Domnic Romell, President, CREDAI-MCHI, and
Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, focuses on
companies leading the way in Mumbai’s redevelopment. It serves as a critical
resource, providing insights into the redevelopment landscape and the companies
at the forefront of this transformation.
The
event commenced with a grand lamp-lighting ceremony performed by esteemed
dignitaries, including Mr. Gautam Chatterjee (Retd. I.A.S., Former Chairperson,
MahaRERA), Ms. Valsa Nair (I.A.S., Additional Chief Secretary, Housing
Department), Mr. Sanjeev Jaiswal (I.A.S., Vice President & Chief Executive
Officer, MHADA), Mr. Ravi Shankar Shinde (TMC Municipal Corporation), Mr. R. B.
Mitkar (Deputy Chief Engineer, SRA), Mr. Domnic Romell (President, CREDAI-MCHI),
Mr. Dhaval Ajmera (Secretary, CREDAI-MCHI), Mr. Rajnikant Ajmera (Past
President, CREDAI-MCHI), Mr. Jitendra Mehta (Past President, CREDAI-MCHI Thane
Unit), Mr. Nikunj Sanghavi (Treasurer, CREDAI-MCHI) and Mr. Raajesh Prajapati
(Chairperson, PR & Communications).
Ms.
Valsa Nair, I.A.S., Additional Chief Secretary, Housing Department, mentioned,
“Ease of doing redevelopment is a crucial initiative for Mumbai, and I am
committed to simplifying processes further. Just as we reduced the number of
approvals in other sectors, I believe we can streamline redevelopment
procedures to benefit citizens. One key takeaway from today is the proposed
portal for redevelopment, which can bring transparency, speed, and inclusivity.
With over 100 self-redevelopment projects already cleared, we are seeing
significant progress, and we look forward to supporting this with a strong
partnership between the government and stakeholders."
Mr.
Sanjeev Jaiswal, I.A.S., Vice President & Chief Executive Officer, MHADA,
said, "The cluster approach is the key to successful redevelopment in
Mumbai, moving beyond individual buildings to create better amenities,
infrastructure, and living conditions. I'm pleased that for the first time,
cluster layouts have been approved under 33(5) and 33(9). Projects like Motilal
Nagar and Gandhi Nagar are leading the way, showing that societies coming
together can truly transform the city in a sustainable and efficient
manner."
Speaking
at the event, Mr. Dominic Romell, President of CREDAI-MCHI, said, “The Ease of
Doing Redevelopment (EODR) initiative is a game-changer for Mumbai’s
redevelopment landscape. With around 929 societies visit and 214 project
management consultants (PMCs), this platform is set to make the redevelopment
process smoother. We are also distributing DCPR copies to societies for the better
understanding of redevelopment guidelines. The government's decision to provide
fungible areas free of charge has significantly eased the journey for housing
societies, ensuring they get the right area as promised.”
Mr.
Dhaval Ajmera, Secretary, CREDAI-MCHI, said, "The success of the 'Ease of
Doing Redevelopment' exhibition demonstrates CREDAI-MCHI's commitment to
simplifying redevelopment processes. This platform provides housing societies
with direct access to developers and expert consultants, which is crucial for
smooth and transparent redevelopment."
Mr.
Raajesh Prajapati, Chairman - PR & Communications, CREDAI-MCHI, added,
"This event not only facilitated discussions between societies and
developers but also provided valuable insights into the legal and regulatory
frameworks governing redevelopment. We are proud to bring a much-needed bridge
for housing societies seeking sustainable and efficient redevelopment
solutions."
The
day also featured a panel discussion on “Ease of Redevelopment,” which
included prominent industry leaders such as Manoj Dubbal, President of PEATA;
Mr. Sagar Sanghvi from Dilip Sanghvi Associates; Mr. Shardul Kulkarni from
Deodhar Associates; and Mr. Sudhanshu Agarwal, Managing Director of Raghav
Realty.
The
exhibition provided housing societies a unique platform to engage directly with
developers, project management consultants, and legal experts. Attendees gained
valuable insights into redevelopment processes, legal frameworks, and
government support for revitalizing old housing stock.
With
929 housing societies and more than 40 leading developers in attendance, the
EODR exhibition marked a crucial milestone in Mumbai's redevelopment sector.
The event serves as a one-stop solution for housing societies to explore
feasible and sustainable redevelopment options.
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/
For further media queries, please contact:
Sonia Kulkarni | 9820184099
sonia.kulkarni@hunkgolden.in