VMP Mumbai (Maharashtra) [India], May 8: In April 2024, Mumbai witnessed a significant increase in property registrations, the second highest in a decade. This surge indicates growing optimism towards property ownership, driven by the collaborative efforts of CREDAI-MCHI and the transformative impact of MahaRERA regulations. Notable initiatives such as the CREDAI-MCHI Property Expo held in January have played a significant role in increasing this momentum, offering innovative incentives such as zero stamp duty and registration fees. The efficacy of CREDAI-MCHI initiative is evident from the unprecedented surge in property registrations. MumbaiApril saw an astonishing 11,500 registrations, making it the fourth consecutive month when registrations crossed the 10,000 mark. Notably, there has been a clear shift in property preferences, with a substantial increase in registrations for apartments below 500 sq ft, indicating evolving consumer trends. Further the increase in e-registration in April 2024 can be attributed to the concerted efforts of CREDAI-MCHI in collaboration with the Registration Department, Dhawal Ajmera, Secretary, CREDAI-MCHI said, “In view of the transformative impact of MahaRERA, in Mumbai The increase in property registrations exemplifies the collaborative spirit between CREDAI-MCHI and the regulatory authorities. Our concerted efforts, exemplified by initiatives like the CREDAI-MCHI Property Expo, have not only fueled this momentum but also our commitment to innovation and consumer Focused solutions, I am proud to see the concrete impact of your efforts, paving the way for a vibrant and resilient real estate landscape in Maharashtra.The 31st edition of CREDAI-MCHI Property Expo is based on the theme “. Xero is our hero, attracting over 24,716 genuine home buyers and booking over 185 properties ranging from Rs 60 lakh to Rs 10 crore, underscoring the strong demand in the market. As Maharashtra's real estate regulatory act, MahaRERA, celebrates its seventh anniversary, it is important to acknowledge its important role in transforming the real estate sector. With over 45,000 real estate projects and 47,000 real estate agents registered under its ambit, MahaRERA has significantly enhanced transparency, accountability and consumer protection. The collaborative efforts between industry stakeholders like MahaRERA and CREDAI-MCHI have been instrumental in ensuring a seamless transition and effective implementation.Creation of regulatory framework, which will promote an enabling environment for sustainable growth in the real estate sector of Maharashtra. CREDAI-MCHI is an apex body comprising members of the real estate industry in the Mumbai Metropolitan Region (MMR). With an impressive membership of over 1800 leading developers in MMR, CREDAI-MCHI has extended its reach across the region, with units in various locations such as Thane Kalyan-Dombivli, Mira-Virar, Raigarh, Navi Mumbai, Palghar-Boisar, Bhiwandi Have been established. Uran-Dronagiri, Shahpur-Murbad, and recently in Alibaug Karjat-Khalapur-Khopoli, and Pen. Being the only government recognized body for private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the organization and progress of the industry.As a part of CREDAI National, an apex body of 13000 developers across the country, CREDAI-MCHI has emerged as a The preferred platform for regional discussions on housing and housing by establishing close and strong ties with the government. It is committed to breaking barriers to create a strongly organized and progressive real estate sector in MMR. The vision of CREDAI-MCHI is to empower the real estate fraternity of Mumbai Metropolitan Region as it protects, preserves and advances the right to housing for all. T will continue to be a trusted partner, guiding its members, supporting the government on policy advocacy, and supporting the people they serve through the ever-evolving real estate fraternity.For further media queries, please contact Sonia Kulkarni. [email protected] [[email protected]