CREDAI-MCHI, the apex body representing real estate developers in the Mumbai Metropolitan Region (MMR), successfully hosted a pioneering exhibition 'Redeveloping Mumbai: Ease of Doing Redevelopment (EODR)' over the weekend at the Jio Convention Centre, Jasmine Hall. The event aimed to simplify the redevelopment process for housing societies across Mumbai by facilitating direct interaction with over 40 esteemed developers and industry experts.

A notable highlight of the event was the launch of the Ease of Doing Redevelopment Report, a collaborative research effort between CREDAI-MCHI and Hurun India. The report, presented by Shri Domnic Romell, President of CREDAI-MCHI, and Anas Rahman Junaid, Founder and Chief Researcher of Hurun India, focuses on the companies leading the charge in Mumbai's redevelopment. It serves as a vital resource, providing insights into the redevelopment landscape and the key players driving this transformation.

The event began with a grand lamp-lighting ceremony performed by distinguished dignitaries, including Mr. Gautam Chatterjee (Retd. I.A.S., Former Chairperson, MahaRERA), Ms. Valsa Nair (I.A.S., Additional Chief Secretary, Housing Department), Mr. Sanjeev Jaiswal (I.A.S., Vice President & Chief Executive Officer, MHADA), Mr. Ravi Shankar Shinde (TMC Municipal Corporation), Mr. R. B. Mitkar (Deputy Chief Engineer, SRA), Mr. Domnic Romell (President, CREDAI-MCHI), Mr. Dhaval Ajmera (Secretary, CREDAI-MCHI), Mr. Rajnikant Ajmera (Past President, CREDAI-MCHI), Mr. Jitendra Mehta (Past President, CREDAI-MCHI Thane Unit), Mr. Nikunj Sanghavi (Treasurer, CREDAI-MCHI), and Mr. Raajesh Prajapati (Chairperson, PR & Communications).

Ms. Valsa Nair, I.A.S., Additional Chief Secretary, Housing Department, addressed the crowd stating, "Ease of redevelopment is a crucial initiative for Mumbai, and I am committed to simplifying processes further. Just as we reduced the number of approvals in other sectors, I believe we can streamline redevelopment procedures to benefit citizens. One key takeaway from today is the proposed portal for redevelopment, which can bring transparency, speed, and inclusivity. With over 100 self-redevelopment projects already cleared, we are seeing significant progress, and we look forward to supporting this with a strong partnership between the government and stakeholders."

Mr. Sanjeev Jaiswal, I.A.S., Vice President & Chief Executive Officer, MHADA, remarked, "The cluster approach is the key to successful redevelopment in Mumbai, moving beyond individual buildings to create better amenities, infrastructure, and living conditions. I'm pleased that for the first time, cluster layouts have been approved under 33(5) and 33(9). Projects like Motilal Nagar and Gandhi Nagar are leading the way, showing that societies coming together can truly transform the city in a sustainable and efficient manner."

In his address, Mr. Dominic Romell, President of CREDAI-MCHI, stated, "The Ease of Doing Redevelopment (EODR) initiative is a game-changer for Mumbai's redevelopment landscape. With around 929 societies visited and 214 project management consultants (PMCs), this platform is set to make the redevelopment process smoother. We are also distributing DCPR copies to societies for the better understanding of redevelopment guidelines. The government's decision to provide fungible areas free of charge has significantly eased the journey for housing societies, ensuring they get the right area as promised."

Mr. Dhaval Ajmera, Secretary, CREDAI-MCHI, added, "The success of the 'Ease of Doing Redevelopment' exhibition demonstrates CREDAI-MCHI's commitment to simplifying redevelopment processes. This platform provides housing societies with direct access to developers and expert consultants, which is crucial for smooth and transparent redevelopment." Mr. Raajesh Prajapati, Chairman - PR & Communications, CREDAI-MCHI, noted, "This event not only facilitated discussions between societies and developers but also provided valuable insights into the legal and regulatory frameworks governing redevelopment. We are proud to bring a much-needed bridge for housing societies seeking sustainable and efficient redevelopment solutions."

The day also featured a panel discussion on 'Ease of Redevelopment,' with prominent industry leaders such as Manoj Dubbal, President of PEATA; Mr. Sagar Sanghvi from Dilip Sanghvi Associates; Mr. Shardul Kulkarni from Deodhar Associates; and Mr. Sudhanshu Agarwal, Managing Director of Raghav Realty. The exhibition offered housing societies a unique platform to engage directly with developers, project management consultants, and legal experts. Attendees gained valuable insights into redevelopment processes, legal frameworks, and government support for revitalising ageing housing stock. With 929 housing societies and over 40 leading developers in attendance, the EODR exhibition represented a significant milestone in Mumbai's redevelopment sector. The event serves as a comprehensive solution for housing societies to explore viable and sustainable redevelopment options.

CREDAI-MCHI is an apex body composed of members from the Real Estate Industry in the Mumbai Metropolitan Region (MMR). With an impressive membership of over 1800 leading developers in MMR, CREDAI-MCHI has expanded its reach throughout the region, establishing units in various locations such as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibag, Karjat-Khalapur-Khopoli, and Pen. As the only Government-recognized body for private sector developers in MMR, CREDAI-MCHI is committed to promoting the industry's organisation and progress.

In conclusion, the EODR exhibition marks a pivotal step towards transforming Mumbai's redevelopment sector, fostering collaboration and offering housing societies practical solutions for sustainable growth.