CREDAI-MCHI
hosted EODR 2.0 Property Expo, uniting top developers, housing societies &
stakeholders to promote transparent, inclusive, future-ready redevelopment in
Mumbai
Mumbai, April 12, 2025: CREDAI-MCHI’s Ease of
Doing Redevelopment (EODR) 2.0 concluded on a high note today, marking a
milestone in Mumbai’s journey towards responsible and future-ready urban
renewal. Hosted at the Jio World Convention Centre, this one-day mega
exhibition brought together 40+ leading developers and over 3000 housing
societies, along with legal luminaries, urban planners, architects, and
policymakers—firmly positioning EODR 2.0 as Mumbai’s definitive redevelopment
platform.
Gracing the occasion, Shri Sanjeev
Jaiswal (I.A.S., Vice President & CEO, MHADA) emphasised the need for
robust public-private partnerships to revamp Mumbai’s timeworn housing stock.
He said, “Mumbai’s landlocked nature makes land availability a perpetual
challenge. The recent amendment to Section 91A, empowering MHADA to take over
stalled projects, is both timely and necessary. Compensation to landowners,
long a hurdle in cess building redevelopment, is now addressed with fair
provisions under Section 79A. Redevelopment is not merely about constructing
new buildings—it’s about viability, transparency, and timely delivery. A clear
FSI framework and honest communication are key to safeguarding both tenant
rights and project feasibility.”
The event witnessed active
participation from more than 3,000 housing societies, who engaged in live
consultations with developers and consultants. From legal advice and financial
planning to design strategies and execution models, societies received holistic
guidance to move ahead with clarity and confidence.
Boman Irani, President, CREDAI
National and CMD of Rustomjee Group, underscored the importance of trust and
due diligence, “There is a world of difference between the highest offer and
the best offer. Societies must look beyond numbers—focus on a developer’s
intent, track record, and financial strength. Redevelopment is a collaborative
journey. Once your committee and consultants are appointed, trust them. Choose
a transparent PMC and competent legal counsel, but avoid stalling progress by
being overly cautious. This is a high-risk sector—only partnership and open
dialogue can turn your dream home into reality.”
Domnic Romell, President, CREDAI-MCHI
and Director of Romell Group, noted, “Redevelopment is driven by need, not
greed. In today’s RERA-regulated era, the demand for excessive bank guarantees
is both outdated and unnecessary. All funds are strictly monitored via escrow
accounts. Understand your entitlements, such as the 35% fungible FSI, and make
informed decisions with the right guidance. Let us move away from unrealistic
expectations and outdated norms—redevelopment must work in the best interest of
the residents.”
Dhaval Ajmera, Secretary, CREDAI-MCHI
and Director at Ajmera Realty & Infra (I) Ltd. added, “EODR
2.0 is about empowerment. With 40+ reputed developers and 3000+ societies
registered, we’re simplifying the process and building bridges of trust. This
platform ensures that societies are equipped with the knowledge and support
needed to transform their old structures into safe, modern homes.”
EODR 2.0 was more than an event—it
was a movement. A movement towards dignified housing. Towards a modern Mumbai. Where
societies don’t just find answers—they find partners for their redevelopment
journey.
ABOUT CREDAI-MCHI
CREDAI-MCHI is the apex body of real
estate developers in the Mumbai Metropolitan Region (MMR), representing over
2200+ top developers across the region. With a strong presence in areas such as
Thane, Kalyan-Dombivli, Mira-Virar, Navi Mumbai, Raigad, Palghar-Boisar,
Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, Alibag, Karjat-Khalapur-Khopoli, and
Pen, CREDAI-MCHI is the only government-recognised body representing private
sector developers in MMR.
As part of CREDAI National—which
represents over 18000 developers pan-India—CREDAI-MCHI has emerged as the
preferred platform for real estate policy dialogue in the region. Its vision is
to promote housing for all while supporting members through policy advocacy,
knowledge-sharing, and ethical practices to create a progressive, transparent
real estate sector.
Website: https://mchi.net/
For further media
queries, please contact:
Sonia Kulkarni |
9820184099
sonia.kulkarni@hunkgolden.in