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Mumbai, 14th November 2024: 1 Finance, a financial services institution focused on the personal finance space in India, has collaborated with NAREDCO Maharashtra NextGen as the Research Partner for Excelerate 3.0. The event unveiled the research report entailing  a detailed examination of Greater Mumbai’s current real estate landscape, including pricing trends, transaction volumes, and inventory levels. The event was graced by key industry leaders and dignitaries, namely Dr. Niranjan Hiranandani, Chairman, NAREDCO National; Mr. Rajan Bandelkar, Vice-Chairman, NAREDCO National; Mr. Prashant Sharma, President, NAREDCO Maharashtra; Mr. Ridham Gada, President, NAREDCO Maharashtra NextGen; Mr. Rajesh Doshi, Secretary, NAREDCO Maharashtra, amongst other industry leaders. The key highlights of the research report articulated India’s residential real estate sector undergoing a significant transformation over the past decade, shaped by economic shifts, regulatory changes, and evolving consumer preferences. This evolution forms the bedrock of the current market dynamics and challenges that have been observed, particularly in Greater Mumbai and other major metropolitan areas. Theaverage PSF rate in Greater Mumbai stands at ₹32,150 29%of homes sold in Greater Mumbai are priced above ₹2 crores Affordabilityin Greater Mumbai for affluent-middle class is the least among top cities While the challenges in Greater Mumbai’s real estate market are evident, it is crucial to view real estate investment through a broader lens. Real estate, as an asset class, has consistently delivered competitive returns compared to other traditional investments such as equities, debt, and gold. Over the past decade, real estate (including rental yield) has provided an average return of 12%, which is comparable to gold and higher than debt, which averaged 7%. Furthermore, real estate offers unique advantages that set it apart from traditional investments, providing a balance of returns and security, making it an ideal asset for diversification. For people looking to buy homes in Greater Mumbai, the key lies in thorough research, a long-term perspective, and an understanding of the local market dynamics. By focusing on high-potential micro markets, leveraging the inherent advantages of real estate, and aligning with reputable developers, they can own a home in Greater Mumbai while potentially reaping the rewards of this enduring and multifaceted investment option. Source: CMIE Economic Outlook, ACE MF, NHB, BIS, 1 Finance Research *Last 10-year correlations (as of 30th Jun 2024) Commenting on the unveiling of the research report, Mr. Prashant Sharma, President, NAREDCO Maharashtra, said, “The report makes a compelling case for regulatory reforms, including the rationalism of premiums and streamlining of approval processes. To succeed, we need strong collaboration between the public and private sectors. NAREDCO Maharashtra is committed to working closely with government bodies, financial institutions, and other stakeholders to create a more efficient and inclusive real estate ecosystem. Our focus remains on driving the ‘Housing for All’ and ‘Affordable Housing’ initiatives.” Sharing his vision through this report, Mr. Keval Bhanushali, Co-founder & CEO at 1 Finance, said, “We are proud to introduce India’s first unbiased real estate price indices for top cities. At 1 Finance, we believe that real estate advisory should be standard practice in India’s financial planning ecosystem. Our goal is to elevate real estate to its rightful place as a legitimate investment class, alongside other traditional options. This report is a significant step towards that objective, offering a comprehensive view of the market that will benefit homeowners, developers, and policymakers alike.” Mr. Ridham Gada, President, NAREDCO NextGen Maharashtra said, “This research highlights the pressing affordability challenges in Greater Mumbai’s real estate market. To address these, we need a collaborative approach between developers, policymakers, and financial institutions. NAREDCO Maharashtra NextGen is committed to driving innovation, supporting regulatory reforms, and advocating for affordable housing to ensure Mumbai remains a thriving global metropolis with accessible homeownership for all.” The affordability issue in Greater Mumbai due to high property prices is deeply linked with government policies and premiums. These policies, while aimed at regulating development and generating revenue for urban infrastructure, have become a double-edged sword, particularly in the Mumbai context. This affordability challenge has not only affected property prices but also led to a significant reduction in apartment sizes, a trend that carries profound implications for the quality of urban life. The path to a more affordable and sustainable real estate market in Mumbai is clear. It requires bold action, collaboration between the public and private sectors, and commitment to long-term urban planning. By addressing these crucial areas, Mumbai can not only solve its housing challenges but also reinforce its position as India’s premier metropolis, setting a benchmark for urban development across the nation.

Mumbai, 12th November 2024: Bollywood Actor Shahid Kapoor and his wife Mira Kapoor have leased out their luxurious apartment in the Worli area of Mumbai for ₹20 lakh per month, with a five-year rental agreement, as per property registration documents reviewed by the media. The apartment, located in Oberoi Realty’s Three Sixty West project, spans 5,395 sq ft and comes with three parking spaces, according to the documents. The lease agreement, registered on November 7, 2024, is for a duration of 60 months and has been rented to Dipan Bhuptani, a senior executive at D’Decor Home Fabrics. The initial security deposit for the property is ₹1.23 crore. According to the media reports, the property is expected to generate a gross rental yield of 4-5%. The rental agreement follows a tiered structure, with the monthly rent starting at ₹20.5 lakh and increasing to ₹23.98 lakh by the end of the lease term. The first 10 months are rent-free, as per the terms outlined by Square Yards. The apartment, originally purchased by the Kapoors in May 2024 for nearly ₹60 crore, is located on a higher floor of the building. The property was part of a bulk deal in February 2023 when 28 apartments were acquired by Radhakishan Damani’s family and associates for ₹1,238 crore. Shahid Kapoor is now among a growing number of celebrities who have leased out their luxury properties in Mumbai. Other notable figures recently renting out their homes include Kartik Aaryan, Ranveer Singh, and producer Sajid Nadiadwala.

Pune, October 2024 The countdown is on for one of the year’s most highly anticipated events: Uvibes 2024! Hosted by MIT Junior Colleges, this exciting festival will take place on October 25, 2024, at the MIT Loni Campus, bringing together over 1,500 students from nine branches and drawing an enthusiastic audience of more than 2,000 attendees. With a legacy of over 40 years of academic excellence, MIT Junior Colleges are raising the bar by presenting Uvibes 2024—a festival that promises to blend culture, creativity, and entertainment in a unique and thrilling way. This event will break boundaries and unleash an unforgettable experience where talent meets passion. A Festival Packed with Excitement Uvibes 2024 will feature a diverse lineup of activities that cater to a variety of interests, ensuring there is something for everyone: Cultural Performances: From electrifying dance battles to soul-stirring musical acts and captivating theater performances, students will put their skills on display to deliver a cultural extravaganza like no other. Biz Buddies: Aspiring entrepreneurs will have the opportunity to pitch their groundbreaking business ideas on stage. It’s a platform where tomorrow’s CEOs can showcase their potential and shine. Flea Market & Carnival: The event will also host a lively carnival and flea market with more than 60 stalls offering trendy fashion, unique accessories, and delicious snacks. It’s the perfect setting for shopping, relaxation, and indulging in local flavors. Why You Can’t Afford to Miss Uvibes 2024 Not just a hotspot for entertainment, Uvibes 2024 is also an ideal venue for brands to engage with a young, dynamic audience. The event will provide sponsors with ample opportunities for on-campus promotions and social media exposure, ensuring maximum visibility and a strong presence among students and the community. Event Details: – Date: October 25, 2024 – Location: MIT Loni Campus – Expected Attendance: 1,500+ students and 2,000+ total attendees – Highlights: Awards ceremony celebrating student and educator achievements – Sponsor Benefits: On-site stalls, media coverage, and extensive brand exposure Uvibes 2024 is set to be a festival of energy and inspiration, where students and attendees come together to celebrate talent and creativity. Whether you’re performing, pitching your business ideas, exploring the marketplace, or simply soaking in the atmosphere, this is your moment to catch the vibe. Stay Connected with Uvibes 2024 For more information, Contact us at 9552498383 / 9766639636. Follow Uvibes 2024 on Instagram: [@uvibes_2024] Catch the vibe – #Uvibes2024

Mumbai, 21st October 2024 The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made significant strides in resolving homebuyers’ grievances through its Conciliation Forums, successfully addressing 1,749 complaints statewide. These forums were established with the aim of providing prompt resolutions for homebuyers facing issues with developers. The growing trust in these forums is evident as MahaRERA upholds their decisions, leading to a rise in their popularity. Currently, there are 533 active grievances being heard at 52 Conciliation Forums across Maharashtra. MahaRERA Chairman Manoj Saunik emphasized the authority’s commitment to addressing various complaints from homebuyers. He explained that during the initial hearing, homebuyers are given the option to pursue an amicable resolution through the Conciliation Forum, contingent upon mutual agreement between the involved parties. If both parties consent, disputes can typically be resolved within 60 days, extending to 90 days in exceptional cases. Should a stalemate occur, the complainant can always return to MahaRERA, preserving their rights and the merits of their case. Out of a total of 5,958 cases processed so far, 1,749 have reached successful settlements, benefiting 32.36% of homebuyers by providing timely justice. Given the success of this initiative, several other states, including Gujarat, Uttar Pradesh, Haryana, Bihar, Madhya Pradesh, Rajasthan, and Telangana, have established their own Conciliation Forums. Additional states are in discussions with MahaRERA to learn more about this effective model. Originally limited to the Mumbai and Pune regions, the Conciliation Forums have expanded due to their popularity, now including operations in Nashik, Nagpur, Thane, Kalyan, Navi Mumbai, Palghar, Raigad, Vasai, and Mira Road. To date, the Mumbai Conciliation Forum has resolved 562 complaints, followed by Pune with 530, Thane with 201, Navi Mumbai with 169, Palghar with 105, Kalyan with 73, Vasai with 71, Nagpur with 13, Mira Road with 9, and Raigad and Nashik with 8 each. MahaRERA conducts regular hearings upon receiving complaints from homebuyers. At the initial hearing, complainants are given the choice to resolve their issues through the Conciliation Forum, ensuring that all rights are maintained. Their cases are only referred to the forum with their consent. Notably, no MahaRERA officials participate directly in the Conciliation Forums. Instead, these forums comprise representatives from consumer organizations, several self-regulatory bodies of developers, and the complainants. Currently, three out of six self-regulatory organizations are involved in this initiative, with efforts to include the remaining organizations underway. Representatives from these bodies, who are well-versed in their fields, guide the process, and homebuyers may also enlist legal assistance if desired. Hearings are conducted in an audio-visual format, and a Core Committee has been established by MahaRERA to supervise these forums, along with regular workshops conducted by legal experts to enhance the members’ knowledge. The Conciliation Forums are mandated to resolve issues within 60 days, or 90 days in exceptional circumstances. Resolutions are only achieved when both the complainant and the respondent agree to the settlement terms. Once agreed upon, the Conciliation Success Report is submitted to MahaRERA for formal approval, ensuring all parties’ consent remains intact. If settlement terms are not fulfilled, the complainant can revert to MahaRERA, as the original complaint remains valid, and the case will be heard based on its merits. Thanks to this homebuyer-focused approach, the Conciliation Forums continue to gain traction, particularly among flat purchasers seeking resolution.

Pune 19th October 2024 The Indian Green Building Council (IGBC), Pune Chapter, in collaboration with the Confederation of Indian Industry, organized the ‘Green Sabha’ initiative on Saturday, October 19, where discussions were held on the concept of eco-friendly construction. The participants in this event included Manish Banker, Head of Tao Architecture Pvt. Ltd.; Dr. Poorva Keskar, Chairperson, IGBC Pune Chapter; Senior Architect Vikas Achalkar; Hrisikesh Manjrekar, Vice-Chairperson, IGBC Pune Chapter; Sagar Munishwar; and Namrata Dhamankar. The event was initiated with an opening speech by Dr. Poorva Keskar. The event took place at PYC Gymkhana, where Manish Banker provided guidance on the topic ‘Design with Nature,’ followed by a discussion on the ‘Green Sabha’ initiative. Manish Banker said, “Pune used to be a pleasant city, but in the last three decades, that has changed. Everyone in the construction sector should contribute to preserving the city’s old characteristics. There is a need to improve the condition of all cities. No other species on Earth harms the planet, but the same cannot be said about humans. We must incorporate the best elements from traditional Indian construction methods. Just as the people living in a building need space to breathe, the buildings themselves should have space to breathe too. There should be maximum use of solar energy and environmentally friendly construction materials. A holistic approach should be adopted.” Dr. Poorva Keskar provided information about the IGBC’s green rating system and training initiatives. She said, “Green building is not just a concept but the soul of construction. We are striving to make it a vision. The government should also provide more incentives. She also explained the criteria such as reduced water and energy consumption, a healthy work environment, and waste management systems. The national goal is to reduce carbon emissions by 50% by 2030, and for that, sustainable development is the way forward.” Hrisikesh Manjrekar spoke about the exchange of ideas between architects and construction professionals. He said that these two groups together can advance environmentally friendly concepts. There should be effective communication and mutual time given for this purpose. On this occasion, Hindustan Petroleum MDI was honored with a ‘Green Building’ certificate. The event was moderated by Sujal Shah. Representatives from various organizations, including Mahesh Bangad, Sanjay Tasgaonkar, Ganesh Jadhav and Anshul Gujarati, were present.

Pune 10th October 2024 A total of 314 projects registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) are undergoing proceedings at the National Company Law Tribunal (NCLT) under the insolvency and bankruptcy code. The real estate regulator has published the list on its website to prevent homebuyers from getting deceived. The insolvency and bankruptcy proceedings have been initiated by various banks, financial institutions, and other entities extending line of credit to the real estate sector. MahaRERA Chairman Manoj Saunik said, “MahaRERA is consistently working to ensure that homebuyers’ investments remain safe and protected. MahaRERA has compiled this crucial information of the projects undergoing insolvency and bankruptcy proceedings from various sources and has also verified the same from NCLT’s website. A comprehensive and compiled list has been made public for the larger interest of the homebuyers. The list of 314 projects undergoing insolvency and bankruptcy is part of the efforts to alert the homebuyers and prevent them from getting deceived. In April 2023, MahaRERA had brought out a district wise list of 308 such projects, which proved to be helpful to several homebuyers. MahaRERA appeals to everyone to check this list prior to deciding on purchasing a property.” In these 314 projects, significant investment has been made. Of them, 56 are ongoing projects with an average registration of apartments at over 34%. Likewise, among the balance 194 projects that are lapsed, the average registration done is over 61%. The balance 64 projects have been completed, with a registration rate of 84% for the apartments. MahaRERA has initiated several measures to keep a check of all real estate projects. Not only the information shared by the developers is verified, but also keeps itself abreast with project’s status through other sources. The list of projects facing proceedings in NCLT has been compiled based on information obtained from various sources and verified through the relevant authorities’ as well. As the issue is of serious nature, especially pertaining to the investments made in the lapsed projects. Of the 88 projects in Suburban Mumbai, 51 are 70% invested. Similarly, in Pune, of the 50 projects, 75% of 45 projects are already booked. In Thane, 52 out of 106 projects have investments of 50%. In Palghar, 16 out of 18 projects are 74% booked. In Solapur, all the 5 projects have 87% investment. In Nagpur, both the projects have 60% investment and the sole lapsed project in Chhatrapati Sambhajinagar is 55% invested. Additionally, out of the 9 lapsed projects in Mumbai City, 2 of them already have an investment of 68%. In Nashik, there is 34% investment in all the 3 lapsed projects. Whereas, in Raigad, of the 15 lapsed projects, 13 are 32% invested. Of the 56 ongoing projects, 21 are from Mumbai suburbs (with 38% investment), 20 in Thane (28% investment), 6 in Mumbai City (31% investment), 5 in Pune (41% investment), 2 in Palghar (65% investment), 2 in Raigad (9% investment) and 1 in Ratnagiri (nil investment). Among the 64 completed projects, 35 are in Thane and 18 in the Mumbai suburbs. Additionally, there are 9 projects in the Haveli area and 2 in Pune. The total percentage of registration done is 91% for housing projects in Thane, 87% of the apartments in Mumbai suburbs are registered, and 96% in case of projects in Pune. On an average, 84% of the apartments in all the completed projects have been registered. It is unclear if these 314 projects undergoing insolvency and bankruptcy proceedings, are still accepting new customers. Hence, to ensure transparency and prevent homebuyers from getting deceived, MahaRERA has compiled the list and published it on its portal, as it is of the view that it will help in alerting and guiding people. MahaRERA has appealed to the homebuyers to go through the list prior to purchasing a home.

Pune 6th October 2024 Members and other stakeholders about the processes of redevelopment to be followed and acquaint them with various Acts, Regulations, RERA guidelines, Court orders, etc that are necessary to understand. For disseminating such information transparently and seamlessly, we need a web portal; so that all information is displayed to resolve problems and see that projects are monitored”. He added, “We need e-monitoring methods and an Alternate Dispute Resolution’ for stalled projects. Also, we need a ‘Self-Regulated Organization (SRO) platform like a Section 8 Company for self-regulation”. Meanwhile, NAREDCO Maharashtra Collaborated with Ex-MahaRERA Chief Shri Gautam Chatterjee for a Launch ‘Grihamony Redevelopment Stakeholders Federations (GRSF)” for Awareness in Redevelopment. Dr Niranjan Hiranandani, Chairman, NAREDCO and Co-founder, Hiranandani Group, advocated for the need to reduce premium on redevelopment. He said, “The challenge is to match the pace of redevelopment. Reduction of premium would create more affordable housing in the city and hence, at least 50% reduction in premium is necessary. Redevelopment should provide aspirations for a better quality of life”. Mr Rajan Bandelkar, Vice Chairman, NAREDCO and Director, Raunak Group said, “It is important to balance viability for the private sector for undertaking redevelopment projects. The Government should incentivize the societies, which undertake self-redevelopment and consume lesser FSI. People who use lesser FSI, there should not be any premium considering the climate change challenge and the issues engulfing the redevelopment agenda”. Talking about the need to have a conciliation mechanism in Redevelopment, Mr Hitesh Thakkar, Vice President, NAREDCO Maharashtra and Partner, Prem Group, suggested that there needed a framework for resolution of disputes for finding amicable redressal, as the projects would get delayed and entail into high litigation costs.

October 18th to 20th 2024 Nehru Centre, Worli, Mumbai. The highly anticipated Land and Leisure Homes Expo 2024 is set to take place from 18th to 20th October at the iconic Nehru Centre in Worli, Mumbai. Organized by TIIPS and METKONNECT, this premier real estate event brings together builders, developers, and property enthusiasts to showcase and explore the best weekend home destinations, land, plots, farmhouses, villas, resorts, and residential properties as lucrative investment opportunities. Connecting Buyers with Dream Destinations As demand for second homes continues to rise, the expo will provide a strategic platform for discerning buyers looking to invest in serene weekend retreats, scenic farmhouses, and luxury villas. Popular second-home destinations like Alibaug, Lonavala, Karjat, Neral, Matheran, Khopoli, Pali, Pune, Goa, and Gujarat will be showcased, offering an escape from city life with natural beauty and growing investment potential. Media Coverage, Exclusive Offers & Celebrity Guest The The Land and Leisure Homes Expo’s coverage will also be bolstered by media partner Outlook Business and radio partner Radio City 91.1 FM, ensuring widespread visibility across digital and radio platforms. Attendees will also have the opportunity to avail exclusive on-the-spot booking offers, with discounts of up to 20% on select properties, and with that many more exciting offers, making this a must-attend event for serious buyers and investors. The exhibitors for the property expo includes Nirvana Realty, Mera Villa Infra, Nynex, Sukhwani Buildtech, United Builders, Doodle Homes, Aarush Realty, Rhythm Resitel, Arihant Infrastructure, Shivgan Infratech, Apratim Group, Vishhram Developrs, Jambrung Valley, Avvirahi Group, Iraah Lifespaces, Riyasat, and many more High end projects. The Land and Leisure Homes Expo 2024 is poised to captivate audiences with special appearance by celebrity guest Mrs. Bhagyashree Dassani for the Business Excellence award ceremony taking place on the third day of the expo, adding a glamorous touch to the event. Please click here to register for India’s most promising land & second homes exhibition Key Highlights of the Expo: High value investment projects The expo will feature 70+ stalls, of builders and developers that present weekend homes, land, plots, farmhouses, and villas to a high-quality audience, including 10,000+ High-Net- Worth Individuals (HNIs) for premium investment options. Explore the Best Second-Home Destinations The event will highlight key weekend destinations like Lonavala, Alibaug, and Karjat, offering buyers a wide array of properties suited for investment and personal use. On-the-Spot Booking Offers For buyers ready to make a move, the event will feature up to 20% off on-the-spot bookings, lucky draw, and many more exciting offers providing unbeatable deals on select properties. Gain Valuable Market Insights Attendees will benefit from workshops and seminars led by industry experts, covering topics like sustainable development, real estate market trends, and investment strategies. Widespread Media Coverage With Outlook Business as the media partner and Radio City 91.1 FM as the radio partner, and Zee News as the advertising coverage partner. The event is set to receive extensive coverage, reaching a national audience and further elevating the exposure for participating brands. Networking Opportunities The expo offers ample opportunities for developers, investors, and buyers to connect, share insights, and forge new business relationships. Leverage Advanced VR Technology Developers will have the chance to use the latest in virtual and augmented reality to showcase their properties, providing buyers with immersive experiences to visualize their investments. Recognition and Awards The expo will also feature an awards ceremony celebrating excellence in business, offering participants a chance to earn industry recognition and enhance their brand’s prestige. The event will also have a panel discussed on 20th October which will extensive industrial insights taking place before the award ceremony Why Weekend Homes Are a Smart Investment Weekend homes are becoming increasingly popular as buyers seek a peaceful retreat away from the city’s hustle. With the option to rent these properties when not in use, they provide a flexible and secure investment. Coupled with rising demand, weekend homes in destinations like Lonavala, Alibaug, and Khopoli offer both a lifestyle upgrade and long- term financial returns. Secure Your Place at the Expo With growing interest in second homes and scenic investment properties, the Land and Leisure Homes Expo 2024 offers the perfect opportunity for developers to showcase their projects to an eager and affluent audience. Don’t miss out on this chance to connect with buyers, secure sales, and gain industry recognition. Don’t miss the opportunity! For participation, please click here to register for the Land and Leisure Homes Expo 2024. About TIIPS and METKONNECT TIIPS and METKONNECT are leaders in organizing innovative real estate events that foster collaboration and growth within the industry. The Land and Leisure Homes Expo 2024 continues this tradition, offering a cutting-edge platform to connect buyers and developers with the future of second-home investments. For more details, please visit https://metkonnect.in/Registration/

Mumbai 4th October 2024 In a spectacular showcase of the Mumbai Metropolitan Region’s vibrant real estate sector, more than 77 new projects were launched at the third edition of HOMETHON Property Expo 2024 organised by NAREDCO Maharashtra, which began at Jio World Convention Centre in Mumbai today. Over ₹10,000 crore worth of inventory has been launched in the MMR region and is being showcased at the expo. This mega event presents buyers with an once-in-a-lifetime opportunity to invest in Mumbai’s most dynamic real estate market. The inventory features a comprehensive range of properties, from affordable housing to luxury residences and premium land parcels, catering to diverse buyer needs. The expo will be on till October 6, 2024 and has already witnessed a spurt with over 75,000 homebuyers registered for the three-day exhibition to explore various options of property buying in Mumbai Metropolitan Region and other parts of Maharashtra. This year’s registration numbers are almost triple over the last year indicating a huge demand for home ownership by the buyers for housing properties at different locations with multiple price points coupled with attractive offers. Mr Prashant Sharma, President, NAREDCO Maharashtra revealed the fact on the occasion of inauguration of HOMETHON Property Expo 2024. Mr Sharma also announced the launch of NAREDCO Maharashtra’s yet another ambitious initiative of ‘Redevelopment Council’ whereby a special window has been set up in the Expo to solicit the enquiries of housing societies from all across the MMR and rest of Maharashtra and facilitate a complete advisory and execution of redevelopment proposals made by the incumbent societies. Until now, over 4000 housing societies have already registered to seek redevelopment proposals. HOMETHON Property Expo 2024 also saw a unique initiative whereby NAREDCO MAHARASHTRA has put forth its plans to sign a Memorandum of Understanding (MoU) with the Government of Maharashtra  to promote eco-friendly and sustainable urban development and instill green building practices among the real estate fraternity. For the same, NAREDCO Maharashtra will soon sign an MoU with Maharashtra State Agriculture Price Commission chaired by Shri Pasha Patel, informed Mr. Rajan Bandelkar, Vice Chairman, NAREDCO. Commenting on the significance of the expo, Mr. Prashant Sharma, President of NAREDCO Maharashtra said, “The HOMETHON Property Expo will be a game changer for the MMR real estate sector. With over 10,000 crore of inventories up for sale and 77+ new projects launched, this expo will play a pivotal role in addressing the region’s housing demands. It’s the perfect platform for developers and buyers to connect, and with such a diverse range of offerings, we believe there’s something for everyone.” Dr. Niranjan Hiranandani, Chairman, NAREDCO says, “The housing market is currently experiencing a vibrant surge, fueled by greater job stability, increased disposable incomes, and rising aspirations. Against this backdrop, and with the added excitement of the festive season, this property exhibition is uniquely positioned to help home buyers achieve their long-cherished dream of owning a home.” Mr. Rajan Bandelkar, Vice Chairman, NAREDCO says, “NAREDCO Maharashtra is dedicated to creating a robust ecosystem marked by trust and transparency, which has significantly bolstered home buyer confidence. This property expo offers an exceptional opportunity for developers to showcase their premium projects and connect with prospective buyers. With exclusive discounted rates and a wide range of options, this event is designed to make the home-buying process more accessible and rewarding for all. We are excited to facilitate this vital connection and support our vision of making home ownership a reality for many.” This mega event presents buyers with an once-in-a-lifetime opportunity to invest in Mumbai’s most dynamic real estate market. The inventory features a comprehensive range of properties, from affordable housing to luxury residences and premium land parcels, catering to diverse buyer needs.  HOMETHON 2024 will also provide visitors with the opportunity to engage in one-on-one consultations with real estate professionals, offering personalized guidance on the home-buying process.

October 1st October 2024 Mumbai, 1st October 2024: The National Real Estate Development Council (NAREDCO) Maharashtra, which has organised the third edition of India’s largest real estate property expo ‘HOMETHON Property Expo 2024’ from October 4 to 6th, 2024 at the JIO World Convention Centre, BKC, Mumbai, is all set to go green. On the onset of HOMETHON Property Expo 2024, NAREDCO Maharashtra has announced that it would sign a Memorandum of Understanding (MoU) as a part of its ‘Sustainable and Environment – Friendly Future Housing’ initiative in the presence of Eknath Shinde, Chief Minister of Maharashtra, on the day of inauguration of the HOMETHON Property Expo 2024 on 4th October, 2024. Over 50,000 homebuyers have already shown interest through registrations to fulfil their dream of home-ownership; with this year’s pre-event registrations nearly doubling compared to the last two years. As part of this initiative, NAREDCO Maharashtra has collaborated with PHOENIX FOUNDATION SANSTHA led by a veteran Agriculturist, an advocate of Bamboo Cultivation as a Climate-Resilient Action Mr Pasha Patel who is the Chairman of Agriculture Price Commission of Maharashtra and also an Executive Chairman of the task force appointed by the Maharashtra Government under Atal Bamboo Sumruddhi Yojana. With this collaboration, NAREDCO Maharashtra, under the guidance of Mr Pasha Patel, will spread awareness among the developers for using Bamboos, as a climate-friendly material in housing construction projects and take the pledge to focus on constructing future housing with environment-friendly, sustainability initiatives, as its commitment towards the environment. Commenting on this initiative, Mr. Rajan Bandelkar, Vice Chairman, NAREDCO says, “NAREDCO Maharashtra is dedicated to creating a robust sustainable ecosystem, as a trade-off between the homebuyers and the developers, which would have a positive impact on the climate footprint. As a unique step, this year’s HOMETHON Property Expo will showcase our commitment towards delivering sustainable future housing. Exploring the usage of Bamboo, other climate-friendly material and further climate-friendly actions would mark our commitment to support the net zero initiatives at the State and the country’s level.” Commenting on the HOMETHON Property Expo, Mr. Prashant Sharma, President, NAREDCO Maharashtra said, “We are witnessing an exceptional surge in homebuyer interest, significantly driving up the demand for housing. We are thrilled to host the HOMETHON Property Expo 2024, where we expect a notable increase in home sales. This year’s expo will feature exclusive discounts and special Dussehra offers from developers and housing finance companies, providing a prime opportunity for buyers to secure their dream homes at great value. I encourage all potential buyers to take advantage of these exceptional deals at HOMETHON Property Expo 2024. This year’s HOMETHON Property Expo is going green, as it will usher the homebuyers experience into green, environment-friendly housing projects.” Further elaborating on the contribution of real estate sector in sustainable development, Mr Pasha Patel said, “In order to combat climate change in the state, the real estate industry can be a major contributor, as it can promote sustainable housing by extensively using material such as Bamboos as an alternative to conventional materials in construction projects, which will positively impact the climate and combat rising temperate issues. Besides, the trade body can significantly support Bamboo plantation program being proposed by the BMC within the city and other such initiatives in MMR and other parts of the State.” Besides green initiatives, HOMETHON Property Expo 2024 will also witness other unique initiatives. In a distinct move to focus on opening up multiple avenues for the much-needed talent pool for development of the real estate sector from engineering, construction technology to marketing, finance to sales spectrum, the expo will discuss various career opportunities the sector could throw open for the aspirants. In order to boost the ‘Redevelopment’ landscape within MMR and establish a bridge of trust and transparency between the developers and the housing societies, the experts will deliberate on chalking out the path to engage with the stakeholders of housing societies in MMR to guide on various opportunities underlying from the redevelopment stand point. The HOMETHON Expo 2024, which is endorsed by Bollywood’s star couple, Riteish and Genelia Deshmukh, will showcase over 1000 top notch projects from leading developers from Maharashtra, which will be within the price range of Rs 19 Lakhs to Rs 9 Crore, both in affordable and luxury segments, with likely incentives such as no-stamp duty or registration charges and also offer attractive home loan schemes from top housing finance companies. The expo will include properties from across Mumbai and MMR as well as Thane, Kalyan, Navi Mumbai, Panvel, Raigad, Mira Road, Vasai, Virar etc. and also from Pune, Nashik and Nagpur.