With many projects coming up in the future, the value and quality of property in Navi Mumbai is going to witness a steady rise. Navi Mumbai real estate has for long been really preferable by many people who wished to move to Mumbai. If you’re eager to know more about the real estate in the city, you can attend this Navi Mumbai property exhibition.
On the real estate front, Navi Mumbai can be all cheery, since The Builders’ Association of Navi Mumbai (CREDAI BANM) feels that the city’s property market has a huge potential even though it has been through many regulatory changes.
BANM has announced that the 18th Mega Property Exhibition from 26th January to 29th January will be held at the CIDCO Exhibition Centre in Vashi. As many as 100 developers will be part of the event. Not only them, but also many financial institutions setting up their stalls.
Variety of properties ranging from affordable to luxury will be offered by developers. These properties will have affordable apartments, luxury housing, and bungalows.
Flat sizes will vary from 300 sq. ft. to 10,000 sq. ft. and the starting price will Rs.12 lakhs.
According to Mr. Bhupendra Shah, Member, BANM, the exhibition will be inaugurated by joint MD of CIDCO. Even Bollywood actress Karishma Kapoor will be at the inauguration. He even stated that in the future Navi Mumbai will have projects worth Rs.1 crore emerging.
Mr. Haresh Chheda, President, BANM and Managing Director of Shah & Chheda Group said, “The developers are realigning their sales strategies after the introduction of RERA. In the long run, RERA and GST both are going to be very rewarding to the developers. As far as RERA is concerned, it is very positive and there is transparency in the market.”
Mr. Chheda also said “Navi Mumbai property market is not much affected by RERA. It is because entire Navi Mumbai is occupied and very less flats are vacated. Secondly, there is no supply of land in Navi Mumbai and the demand is huge. Lastly, the infrastructure here is very strong to cater all the basic facilities of a homebuyer. After the reforms, there is a change in the real estate market. The developers who are able to adapt to the change, want to aggressively market their products. Those who cannot adapt to the change are sidelined. The developers are very enthusiastic and we will see a huge turnout in the expo.”