Press release from Business Wire India
Source: Maharashtra Chamber of Housing Industry (MCHI)
Friday, January 16, 2009 06:25 PM IST (12:55 PM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Construction, Real estate
Release no: 18981
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MCHI's 'Budget Property 2009 - Western Suburbs' Show Witnesses Good Response on the First Day
Mumbai, Maharashtra, India, Friday, January 16, 2009 -- (Business Wire India) -- 'Budget Property 2009- Western Suburbs' in Mumbai which is organized by Maharashtra Chamber of Housing Industry (MCHI), the most prominent body of real estate builders and developers in the country, saw stupendous success attracting property investment worth from Rs. 6 lakh to Rs.49. lakh from LIG, MIG and HIG home buyers.
The exhibition is at the Lotus Hall, Raghuleela Mall in Kandivali West, North-West Mumbai from 16-18th Jan 2009 and features over 200 properties from western suburbs with prominent names such as Acme Group, Akruti City Limited, Arrow Engineering ltd., Chauhan Group, Disha Direct, Dream Homes, Evershine Builders Pvt. Ltd., Green Court Developers, Kalpataru Ltd., Mayfair Housing, Mittal Builders, Nirman Group of Companies, Poonam Builders, Raunak Group, Rishabh Group of Companies, Rustomjee, Sanghvi Group of Companies, Shivam Parivar Developers Private Ltd, S.K. Developers, Tirupati Constructions, Vinay Unique Construction Company
The Show was inaugurated by Mr. Gopal Shetty MLA, Maharashtra & President, Bhartiya Janta Party, Mumbai Unit was the Guest of Honour and Mr. Arun Kumar Agarwal, Deputy General Manager, State Bank of India was the Chief Guest.
The unpresecedented customer turnout brought great cheer to the participating developers. Mr. C. J. Mathews of Rustomjee concurred, "Almost 82% turned to be positive buyers. I am very happy to have participated in this exhibition - this is day one and we have already had almost 30 visitor's going out for our site visit".
Both Acme Group and Mayfair Housing who have projects in western suburbs were satisfied with the way customers turned out for the show. "We're especially happy with the quality of customers." said Jitin Utmani, Sales Manager from Acme Group."Yes its definitely a good show," opined Jayant Gehi General Manager Marketing, Mayfair Housing.
The BUDGET PROPERTY 2009 exhibition which was driven with the participation of quality builders from western suburbs encouraged many visitors to buy affordable house which they were anxiously waiting for.
"Banks in general, have softened their interest rates from 8.50% for Rs. 5 LAkhs to 9.25% for 20 lakhs, for this segment of home loans. Buyers can now avail of Home Loans on far cheaper rates than even 4 months earlier." said Mr. Pravin Doshi, President MCHI
About MCHI
Maharashtra Chamber of Housing Industry (MCHI), formed in 1982 is the most prominent body of Real Estate Builders and Developers in the Country. MCHI bring together members dealing in Real Estate Development on one common platform to address issues facing the industry. Members of MCHI account for 80 of new residential accommodation.
CONTACT DETAILS
Shashikant Nimbalkar, Sr Manager - Marketing, Maharashtra Chamber of Housing Industry (MCHI), +91 (022) 4002 0351 / 4002 0355, shashikant@mchi.net
Smita Thorat, iProperty.com (formerly RealAcres.com), +91 (022) 4243 5555 / 4243 5566, in.info@iproperty.com
KEYWORDS
CONSUMER, BANKING, CONSTRUCTION, REAL ESTATE
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