The Maharashtra Government has completed the process of giving approvals to the much-stalled Dharavi Redevelopment project, and the tendering process required to commence the redevelopment work will be done in three months, stated the Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis today.
- NAINA project will moderate property prices in Mumbai
- All stalled infrastructure projects in Mumbai will be operational in one year
Speaking at the Homethon Property Expo, organized by the National Real Estate Development Council (NAREDCO) Maharashtra in Mumbai, Shri Fadnavis informed that the Dharavi Redevelopment Project would be one of the most significant redevelopment projects ever undertaken by any government and will positively change the face of Mumbai forever.
The Deputy Chief Minister further explained that the government realizes the importance of the real estate sector and has been taking several proactive steps to boost it.
“The real estate sector employs nearly 20 percent of the population, and we realize that it requires some concessions to grow. We are having deliberations with the chief minister on the subject and would come out with some concrete decision regarding the same,”
he informed.
Shri Fadnavis also explained that the Navi Mumbai Airport Influence Notified Area (NAINA) project would hugely impact property prices in Mumbai. “Real estate development at NAINA would moderate prices around Mumbai and give developers a lot of opportunity to provide quality construction there,” he said.
The first of its kind, three-day property expo is organized by the National Real Estate Development Council (NAREDCO) Maharashtra at the Jio Convention Centre in BKC Mumbai.
The event was inaugurated by the brand ambassadors of the Homethon Property Expo – celebrated – Riteish and Genelia Deshmukh along with Shri Sandeep Runwal, President, NAREDCO Maharashtra, Dr. Niranjan Hiranandani, National Vice Chairman, NADRECO and other top developers.
Speaking at the event, Shri Sandeep Runwal, President, NAREDCO Maharashtra, said that the government had taken steps to revive the real estate sector, which has helped it grow.
“The reduction of stamp duty during the pandemic boosted consumer sentiments, and this resulted in record sales during the period,”
he explained.
He said the Homethon Property Expo is a huge opportunity for potential home buyers to buy their dream homes at a reasonable price.
“We have more than 150 top developers showcase 1000 projects. They have made some incredible offers that are only valid during the event. “This is a once-in-a-lifetime opportunity for property buyers,”
he said.
“Everything is happening on a larger scale this year as the event occurs after a two-year gap caused by the COVID-19 pandemic. This Homethon Property Expo is India’s largest and first of its kind, allowing homebuyers to choose properties from top-tier developers across the state and other amenities, all under one roof. Homebuyers will be able to purchase their dream home in Mumbai as the housing demand grows. Similarly, art lovers can purchase Lord Ganesha’s masterpieces from ‘The Art Exhibition’.”
Shri Runwal explained that it had been almost three years since a property exhibition was organized at such a massive scale.
Riteish Deshmukh, Bollywood actor and Homethon Property expo Brand Ambassador, expressed his excitement to be a part of such a large event. “Every Mumbaikar’s dream is to purchase a home in the city.” I am honoured to be a part of such an occasion that makes it possible. It is an excellent opportunity for property purchasers to view the houses of some of the event’s leading developers. “Buying a house will also be easier with banking institutions there,”
Riteish Deshmukh, Bollywood actor said.
