In a first, realty expo focuses on Navi Mumbai, Raigad
The exhibition will have 150 stalls. Visitors can choose from 1,150 properties by nearly 260 developers in 70 locations.
A four-day exhibition of housing options in Navi Mumbai and Raigad opens at GS Tandel Ground near Seawoods Railway Station Friday. It will have 150 stalls.
At the exhibition organised by Maharashtra Chamber of Housing Industry-Confederation of Real Estate Developers Association of India (MCHI-CREDAI), people will get a look at properties in Raigad-Navi Mumbai costing as little as Rs 5.2 lakh to over Rs 1 crore.
This is the first such exhibition by MCHI-CREDAI for the region. MCHI-CREDAI recently set up separate units for Raigad and Navi Mumbai considering the increasing construction activity in the regions. The aim is to organise builders and ensure they follow a code of conduct.
"Most properties at the exhibition will be in the range of Rs 25 lakh to Rs 75 lakh. A study has shown that most people who live in Navi Mumbai and Raigad also work there, so there is a lot of in-house demand," said Rajesh Prajapati, president of Raigad unit of MCHI-CREDAI.
Besides, due to high realty prices in Mumbai and suburbs, many residents are looking at Raigad and Navi Mumbai to purchase property.
"There is a lot of interest among Mumbaiites about Navi Mumbai. Residents of Ghatkopar, Bhandup, Mulund and western suburbs such as Andheri and Goregaon have realised Navi Mumbai is not a long commute," he said, adding that infrastructure projects such as Navi Mumbai International Airport and Sewri-Nhava Trans Harbour Link were fuelling demand.
Visitors to the exhibition can choose from 1,150 properties by nearly 260 developers in 70 locations, including Airoli, Vashi, Nerul, Taloja, Kharghar, Belapur, Panvel, Dronagiri, New Panvel, Karjat, Neral and Khopoli.
Lodha Group, Hiranandani and Hex Corp are offering luxury homes, while affordable housing is being offered by developers such as Arihant Group, Omkar and Swaraj Group. More than 10 of the 150 stalls will have finance options from 30 banks.