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CREDAI-MCHI, the apex body representing real estate developers in the Mumbai Metropolitan Region, has launched the inaugural exhibition titled “Redeveloping Mumbai: Ease of Doing Redevelopment (EODR)” at the Jio Convention Centre. The event aims to simplify the redevelopment processes for over 900 housing societies by facilitating direct interactions with more than 40 prominent developers and industry experts.

A key feature of the event was the release of the Ease of Doing Redevelopment Report, a collaborative research initiative between CREDAI-MCHI and Hurun India. The report, presented by Domnic Romell, President of CREDAI-MCHI, and Anas Rahman Junaid, Founder of Hurun India, highlights leading companies in Mumbai’s redevelopment sector and offers crucial insights into the current landscape.

The exhibition commenced with a ceremonial lamp-lighting attended by notable dignitaries, including Gautam Chatterjee, former Chairperson of MahaRERA, and Valsa Nair, Additional Chief Secretary of the Housing Department.

Nair emphasized the importance of simplifying redevelopment processes, stating, “Ease of doing redevelopment is crucial for Mumbai. We aim to streamline procedures to benefit citizens. The proposed redevelopment portal could enhance transparency and speed.”

Sanjeev Jaiswal, CEO of MHADA, highlighted the “cluster approach” to redevelopment, noting recent approvals for cluster layouts under regulations 33(5) and 33(9) that could improve living conditions. He pointed to successful projects in Motilal Nagar and Gandhi Nagar as examples of effective community collaboration.

Romell described the EODR initiative as a significant advancement for the redevelopment landscape. With nearly 929 housing societies and 214 project management consultants present, the platform is designed to facilitate smoother redevelopment processes. He noted that the government’s decision to provide fungible areas free of charge has significantly eased the journey for housing societies.

Dhaval Ajmera, Secretary of CREDAI-MCHI, reiterated the exhibition’s role in simplifying redevelopment, providing housing societies direct access to developers and consultants.

The event also included a panel discussion on the “Ease of Redevelopment,” featuring insights from industry leaders such as Manoj Dubbal and Sudhanshu Agarwal.

Overall, the EODR exhibition serves as a comprehensive platform for housing societies to explore viable and sustainable redevelopment options, marking an important step in revitalizing Mumbai’s aging housing stock.

Also Read: CII IGBC and CREDAI Sign MoU to Promote Green Building Practices in India

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