THANE PROPERTY EXPO CONCLUDES ON A HIGH NOTE

The four-day real estate exhibition, PROPERTY 2023 THANE organized by CREDAI-MCHI Thane came to a glorious finale on Day 4, with Maharashtra Chief Minister Eknath Shinde maintaining tradition, and gracing the 20th edition of this Expo.

Stressing on the need to support housing industry as it provides a basic need, as also is the second largest job creator in the Indian economy after agriculture, the Hon'ble CM stressed on the need to not just provide affordable housing, but also the mid-priced and luxury segments. He mentioned the advantage of having proper connectivity as the base of economic growth, pointing out that connectivity enhances economic growth and in turn, creates demand for housing. “It is these home seekers who should get their 'dream homes' safe, secure and within budget,” said the Hon'ble CM, adding that organisations like CREDAI MCHI Thane were doing a good job while fulfilling the demand for homes.

Mentioning that Ravindra Chavan, the Hon'ble Minister for PWD, Maharashtra who was also present at the event, the Hon'ble CM said this was an indicator of how real estate and transport infrastructure complement each other. He also mentioned how Pratap Sarnaik, MLA, Thane-Owla was also a real estate developer, and how the industry was gradually evolving into GenNext - the buyer as also the developer, he said mentioning Pratap Sarnaik's son who also being present at the venue.

The state government will support all endeavours for the common man, including real estate development, and Maharashtra will accelerate its path to progress, he said. On a request by Thane Estate Agents Association (TEAA) relating to housing sales and difficulties being faced, the Hon'ble Chief Minister said he would look into the matter and try sort out the issues. “All stakeholders in real estate will find the state government's attitude 'positive',” he added.

Earlier, S V R Srinvas, IAS, Commissioner, MMRDA, gave a detailed presentation on infrastructure work which is going on across the Mumbai Metropolitan Region (MMR). He made the presentation during Destination Thane, TEAA's Third City Convention, organized in cooperation with CREDAI MCHI Thane, in the Expo premises. With questions coming up from the stakeholders present at the Convention, the MMRDA Commissioner responded by explaining timelines for completion of various projects and their impact on economic growth and real estate development.

The morning saw India's cricket legend Kapil Dev address the Convention, pointing out the need to remain updated with the latest to ensure that growth happens the right way. He spoke during the Convention as a future Thaneite - the legend having booked a home in what is Thane's tallest residential building so far, STG Realty's project, 'Star Living' which at 72 floors, takes Thane's real estate several levels higher.

Jitendra Mehta, President, CREDAI MCHI Thane termed the Expo a grand success, with 27,465 registrations; 378 bookings and Rs. 970 crore in home loans sanctioned during the PROPERTY 2023 THANE. “The organizing team from CREDAI MCHI Thane has worked hard to make the Expo grand success, but in the ultimate analysis, it is the city itself which draws visitors to the Expo,” he said.

“Thane accounts for high quantum of housing launches and sales across the MMR, which underscores the importance of Thane's real estate; and how it enables home seekers to get their dream homes in the city of their dreams - Thane. A culturally rich city which is safe and secure, which offers a lifestyle, which reflects in homes that meet all requirements of a family - Thane is arguably, the best option for a home seeking family to make their dream home come true. Among the best urban conglomerations within not just the MMR, but across the Nation: Thane,” he said.

In its digital format, the Expo will continue for the next three months, said Jitendra Mehta. “If someone missed out on visiting the Expo, the digital version will keep options open for the next three months,” he added. “CREDAI MCHI Thane is an association of real estate which has been an integral part of not just Thane's growth story, but also the social fabric of the city. When a trusted industry body holds its 20th Property and Home Finance Expo, it is truly the ideal platform to make your dream home a reality,” he concluded.

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