February 22, 2018

Curtains came down on the CREDAI-MCHI Property-2018 Thane, which was held from 8th to 11th February 2018, with both, developers and potential buyers coming together on a common platform.

Also, Thane has seen an unprecedented growth in the last five years and with a comprehensive plan earmarked for the next three years, Thane has been poised to reach greater heights.

From left to right : Pratap Sarnaik, honourable MLA; Meenakshi Shinde, honourable mayor; Eknath Shinde, cabinet minister, government of Maharashtra and guardian minister, Thane district; Sanjeev Jaiswal, TMC municipal commissioner; Ajay Ashar, president, CREDAI-MCHI Thane Unit; Deepak Goradia, vice-president, CREDAI-MCHI Mumbai; Subhash Bhoir, honourable MLA; Anuj Puri, MD, Anarock Property Consultants; Devram Bhoir, corporator, TMC and Jitendra Mehta, vice-president, CREDAI-MCHI Thane UnitFrom left to right: Pratap Sarnaik, honourable MLA; Meenakshi Shinde, honourable mayor; Eknath Shinde, cabinet minister, government of Maharashtra and guardian minister, Thane district; Sanjeev Jaiswal, TMC municipal commissioner; Ajay Ashar, president, CREDAI-MCHI Thane Unit; Deepak Goradia, vice-president, CREDAI-MCHI Mumbai; Subhash Bhoir, honourable MLA; Anuj Puri, MD, Anarock Property Consultants; Devram Bhoir, corporator, TMC and Jitendra Mehta, vice-president, CREDAI-MCHI Thane Unit

And the exhibition was the perfect platform for developers to attract buyers, particularly firsttime buyers, towards investing here. “Thane is an amenity-rich city, which is connected to all parts of the MMR; hence, its value proposition is high too. Besides, this exhibition has seen approximately 500+ site visits and over 100 flats been booked too, which goes on to show the kind of response and buzz this expo has been able to generate. Also, with many fly-by-night operators getting eliminated from the market, we hope many fencesitters will turn into active buyers and pursue their dream of purchasing their own home,” says Sachin Mirani, honourary secretary, CREDAI-MCHI Thane Unit.

Studies have also gone on to show that Thane has witnessed a whopping 36 per cent sale of units in the last one year, which is an achievement of sorts, particularly given the fact that sales refused to pick up in other parts of the city. But here, credit is due to not only developers who are delivering quality projects, but also the authorities who have been working day-in and day-out in order to increase the liveability quotient of the city.

For instance, 35 lakes have been rejuvenated and the work for the Thane-Borivali underground tunnel has also been locked, which will further ease connectivity.

“Thane, a centrally-located area has made a significant mark on the realty map of MMR because of an organised and well-structured plan undertaken by the authorities and the developers of the region. And with good infrastructure, easy connectivity and a high return on investments, Thane is strongly positioned,” mentions Ajay Ashar, president, CREDAI-MCHI Thane Unit.

The exhibition has also been a testimony to the fact that RERA and other reforms have not slowed down the sales, but in fact, further strengthened the relation between buyers and developers.

“The exhibition has reinstated the faith that buyers are still on the lookout for their dream abode. Also, with interest rates at an alltime low and developers rolling out schemes in favour of the buyers, the time is just apt to go ahead and seal the deal,” says Jitendra Mehta, vice-president, CREDAI-MCH Thane Unit.

Reiterating the same line of thought, Mayur Shah, president, CREDAI-MCHI concludes by stating, “With land scarcity and skyrocketing prices playing spoilsport for developers in the island city, buyers have turned their attention to other micromarkets, primarily Thane.”

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Source: epaper.timesgroup.com