VMPL
Mumbai (Maharashtra) [India], June 25: “CREDAI-MCHI congratulates the government on its third term and anticipates further financial measures to strengthen the economy under the current administration.
Mumbai, as a vital economic engine, must focus on comprehensive urban development, including infrastructure improvements and planning for future growth.
Since more than 50 per cent of real estate projects in Mumbai are redevelopment projects, the government should consider not imposing any GST on redevelopment projects. This step would ensure safer, better and more affordable housing for the citizens of Mumbai.
To address the validated demand of 11.2 million housing units, it is essential to redefine affordable housing for metropolitan cities like Mumbai. A uniform affordable housing criterion should be established for metropolitan and non-metropolitan cities, with no price cap, declaring all houses of 60 square meters as affordable housing. Furthermore, increasing tax exemptions on home loans and making the interest component of home loans tax-free under relevant sections of the IT Act are crucial steps towards making housing more affordable.
We expect the government to formulate financial policies in a democratic manner, ensuring that the diverse needs of all stakeholders are addressed.”
CREDAI-MCHI
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 MMR developers, CREDAI-MCHI has extended its reach across the region, setting up units in various places like Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad and more recently in Alibag, 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 part of CREDAI National, an apex body of 13,000 developers across the country, CREDAI-MCHI has become a preferred platform for regional debates on housing and habitat by establishing close and strong ties with the government. He is committed to breaking barriers to create a strong, organized and progressive real estate sector in the MMR. The vision of CREDAI-MCHI is to empower the real estate fraternity of the Mumbai Metropolitan Region while preserving, protecting and promoting the right to housing for all. Continue to be a trusted ally, guiding its members, supporting the Government in promoting policies and assisting those they serve through the ever-evolving real estate fraternity.
Website: https://mchi.net/
For further media inquiries please contact:
Sonia Kulkarni | 9820184099
[email protected]
Mumbai (Maharashtra) [India], June 25: “CREDAI-MCHI congratulates the government on its third term and anticipates further financial measures to strengthen the economy under the current administration.
Mumbai, as a vital economic engine, must focus on comprehensive urban development, including infrastructure improvements and planning for future growth.
Since more than 50 per cent of real estate projects in Mumbai are redevelopment projects, the government should consider not imposing any GST on redevelopment projects. This step would ensure safer, better and more affordable housing for the citizens of Mumbai.
To address the validated demand of 11.2 million housing units, it is essential to redefine affordable housing for metropolitan cities like Mumbai. A uniform affordable housing criterion should be established for metropolitan and non-metropolitan cities, with no price cap, declaring all houses of 60 square meters as affordable housing. Furthermore, increasing tax exemptions on home loans and making the interest component of home loans tax-free under relevant sections of the IT Act are crucial steps towards making housing more affordable.
We expect the government to formulate financial policies in a democratic manner, ensuring that the diverse needs of all stakeholders are addressed.”
CREDAI-MCHI
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 MMR developers, CREDAI-MCHI has extended its reach across the region, setting up units in various places like Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad and more recently in Alibag, 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 part of CREDAI National, an apex body of 13,000 developers across the country, CREDAI-MCHI has become a preferred platform for regional debates on housing and habitat by establishing close and strong ties with the government. He is committed to breaking barriers to create a strong, organized and progressive real estate sector in the MMR. The vision of CREDAI-MCHI is to empower the real estate fraternity of the Mumbai Metropolitan Region while preserving, protecting and promoting the right to housing for all. Continue to be a trusted ally, guiding its members, supporting the Government in promoting policies and assisting those they serve through the ever-evolving real estate fraternity.
Website: https://mchi.net/
For further media inquiries please contact:
Sonia Kulkarni | 9820184099
[email protected]
