CREDAI-MCHI Quarterly Bulletin July-Sept 2020

QUARTERLY
BULLETIN

July - September

2020

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TABLE OF CONTENTS

• Message from the President’s desk 03
• Message from the Editor’s desk 05
• Change of Guard 07
• 38TH AGM 10
• SECRETARIAT’S DESK
 Meetings 19
 Representations 20
• CREDAI-MCHI E-BIZNET 32
• CSR
 Mobile Dispensary Seva Vans 36
 CREDAI-MCHI Women's Wing Webinar 38
• #ReviveRealEstateReviveEconomy 39
• CREDAI - MCHI in the News 41

Deepak Goradia MESSAGE

FROM THE PRESIDENT’S DESK

I convey my warm greetings and heartfelt thanks to everyone for
the honor of recently appointing me as President, CREDAI-MCHI.
To head this apex developers’ body which has a glorious legacy of
over 35 years, is indeed a huge honour and privilege for me. This
year my team’s key agenda is :

• To increase participation of small-mid scale developers operating
across MMR

• To create taskforces mentored by Senior Members and having
active participation of the Youth Wing members in day to day
operations

• Formation of Working Group for various focus areas like SRA,
MHADA 33(7), MHADA 33(5), Society Redevelopment, Central
Suburb, Western Suburb, PMAY and CIDCO

• Formation of “General Council – MMR” for better co-ordination of
various MMR Units

• Formation of “Advisory Council – MMR” comprising of various
Industry Experts like veteran Bankers, renowned professionals,
senior Corporate Real Estate professionals, IPC leaders etc. who
shall be the ‘Think Tank’ to provide Thought Leadership to the
Industry at large

• Expansion of presence in new geography in MMR by installing
new Units

• To improve knowledge and skills of members through certification
courses, webinars, knowledge sharing initiatives, skill development
programs and such various other initiatives

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• To enhance and further strengthen “Member Assistance Cell”
on various pressing business issues by our Senior Past Presidents

• To increase participation of the Women Wing in various initiatives

It is my conviction that as a collective, cohesive and well-knit
group comprising all of us, we can achieve any heights. I shall
try to build a strong Real Estate brand through energized
CREDAI-MCHI, by way of developing a process of all-inclusiveness
and wider consultations.

It is very important that we set our priorities right and constantly
align ourselves to current challenging scenario while ensuring
that our focus on growth and achieving excellence remains
undeterred. We will have to continuously evolve in all spheres
of our activities and keep ourselves abreast with the latest
technologies and best construction practices, to deliver world
class products and services to our customers.

I would also ensure that CREDAI-MCHI becomes one of the key
contributors towards our shared Vision 2022 through our major
initiatives – Re-imagine, Re-build, Revive. I eagerly look forward
to your support and cooperation in leading the association to
greater all-inclusiveness and collective success of us all.

With Warm Regards,

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Dr. Adv. Harshul Savla MESSAGE

FROM THE EDITOR’S DESK

Seasons Greetings !

This edition of Quarterly Bulletin marks the change of Leadership of
CREDAI-MCHI. The new managing committee is committed to the
vision envisaged by previous past Presidents of creating favourable
Business Environment for Real Estate Developers of MMR and to
make Real Estate Sector more Organised and Progressive by working
closely with all Stakeholders. On an immediate short term basis the
associations mission is to revive and grow Indian Economy through
Creation of 1 lakhs New Jobs in Mumbai Metropolitan Region –
Skilled, Unskilled and Entrepreneurial and to grow Consumer Demand
for Real Estate through various Initiatives and Activities.

CREDAI-MCHI has organised itself into various Task Forces wherein
youth will be actively involved in the day to d ay p art ic ip at io n.
The systematic and structured approach will surely go a long way
in helping the association in achieving its mission and vision. The
Secretariat has conducted various meetings and made more than
100 representations to ensure Real Estate Development Business’s
Financial & Technical Viability.

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The E-Biznet was a roaring success and saw participation of more than
311 Procurement Teams across the nation. MMR Action Committee’s
petition on Reviving Real Estate to Revive Indian Economy generated
more than 38,000 online signatures across the country. Public
Relations Team has ensured that our association has regularly been
in news with our views and appeals. CREDAI-MCHI has also been
forthcoming on various CSR initiatives like the MDSV (Mobile
Dispensary Seva Vans) and Mission Zero to fight the COVID-19 pandem-
ic. Lastly, we express our gratitude to our Partners and Sponsors for
encouraging our various initiatives.
With Warm Regards,

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CHANGE OF GUARD

CREDAI-MCHI AIMS TO CREATE 1 LAC NEW JOBS IN NEXT ONE YEAR;
ANNOUNCED IN THE CHANGE OF GUARD FOR 2020-21

Deepak Goradia took over as new CREDAI MCHI President with a mission to
“Revive MMR Realty” amid Covid – 19 Aims at Building a more Cohesive Industrial Ecosystem in MMR

throughholistic advocacy and technological initiatives to enhance stakeholder confidence

Mumbai, 31st August: CREDAI MCHI, the apex body of Real Estate Developers
with over 1800+ member developers present across the Mumbai Metropolitan
Region (MMR), organized its ‘Change of Guard’ with Mr. Deepak Goradia took
over as the new president. The installation ceremony saw the gracious presence
of CREDAI MCHI Management Committee members, industry stalwarts, digni-
taries including Shri Eknath Shinde, Honorable Minister of Urban Development
and PWD, Govt. of Maharashtra and Dr. Jitendra Awhad, Honorable Minister for
Housing Department, Govt. of Maharashtra.

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Mr. Deepak Goradia, in his maiden address, committed himself to “Reviving MMR
Real Estate”, in light of the prevailing slowdown brought upon by Covid – 19. Taking
CREDAI-MCHI’s 3 and half decades plus strong legacy forward built by his predecessors,
Mr. Goradia aims to create 1 lac jobs in the next one year through its 1800+ developer
members by way of new projects and initiatives. St rengt hen ing CR E DAI M CH I’s
commitment towards the growth of the Maharashtra Economy, Mr. Goradia and his
team intend to build a stronger advocacy ecosystem and aim to address the most
pertinent issues currently acting as major hurdles for the sector. The new leadership
team has prepared a comprehensive roadmap for reviving MMR Realty as well as the
confidence of stakeholders, and will enhance its focus on improving knowledge and
skill of member developers through Certification Courses, Webinars, Knowledge
Sharing, Skill Development programs etc. Under the leadership of Mr. Goradia, the new
team will also explore more opportunities to continue working with statutory bodies
like MahaRERA, Mumbai Grahak Panchayat etc, to collectively work towards establishing
a more conducive industrial environment, while also continuing to undertake
comprehensive skilling initiatives to create and sustain a talent pool of Skilled labor for
the Indian Real Estate industry.

As a leading industry body, CREDAI MCHI has consistently spearheaded numerous
initiatives such as Women’s Wing, Youth Wing, among others, which Mr. Goradia

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intends to build on, in line with the best interests of the MMR Real Estate sector and
its stakeholders.

CREDAI- MCHI President, Mr. Deepak Goradia in his address said that “ He was extremely
privileged to take the distinguished role of being the new President of CREDAI MCHI.
The last 31 years had been a glorious journey for all of us here and we intend on
building on this strong foundation to lead a new era for MMR Real Estate.

Given the current circumstances brought upon by the pandemic, CREDAI MCHI is
highly determined to reignite the progress of the industry which acts as the strongest
pillar of the state’s economy. We want to bring back the smiles on the faces of not
just our developer members but the entire eco-system, including homebuyers and the
225+ allied industries who are closely associated with us. Subject to a conducive business
environment, we aim to create 1 lac new jobs, with a potential cascading effect of
generating thousands of more jobs in the allied Industries in the next 1 year, further
strengthening our commitment towards MMR stakeholders and the growth of
Maharashtra’s economy.”

Former CREDAI MCHI President, Mr. Nayan Shah, shared his comment and congratulated
Mr. Deepak Goradia and shared his best wishes for embarking on this extremely exciting
journey as the new President of CREDAI MCHI. The last two years, and especially the
last few months, have been somewhat tumultuous for the entire real estate fraternity.
Given Mr. Goradia’s experience and stature in the sector, we all are extremely confident
and look forward to the dawn of a new era for MMR Real Estate under his able leadership.”

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38TH AGM REPORT

The 38th AGM of CREDAI MCHI was held on Friday, September 25, 2020 at 4:30 pm
through Zoom Meeting. The Meeting was well attended by 207 Members.
The Meeting started with the statutory proceedings such as reading and confirming
the minutes of the 37th AGM, adopting the auditor’s report and audited statements
of accounts ending 31st March 2020, the annual report 2019-20 were received, approved
and adopted and appointed Auditor J H & Co for the year 2020-21.

The following key changes in the Memorandum and Rules and Regulations were ratified
and accordingly the resolutions were also passed by the Members
(i) Amendment in the structure of the Managing Committee
(ii) Appointment of the new Managing Committee for the year 2020-2021.
(iii) Modification/addition of categories of memberships and revision in membership
fees.

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The existing Membership rates were reduced
and the revision in rates are effective from
25th September 2020. In order to strength-
en the membership of CREDAI MCHI, new
categories such as Banks, NBFC, HFCs etc. and
Professionals like Architects, Interior Designers
and Lawyers.

Later Shri Mayur Shah, the Returning Officer
for the Election of Managing Committee de-
clared the election results of the 14 Members
who were elected unanimously for the term
2020-21, 2021-22, 2022-23.

Shri Deepak Goradia, President welcomed
the Panelist, Past Presidents, Managing
Committee Members and members of CRE-
DAI-MCHI. He informed that the Change
of Guard ceremony was held on 31st August
2020 and new Managing Committee took
the charge from 1st of September 2020.
President’s vision and missions, Key Agenda
points have been printed in the Annual Gen-
eral book which was circulated amongst the
members. Our goal for this year is reduction
of cost and creation of demand. He further
said that in MMR we are paying highest pre-
mium compared to other cities across India.
CREDAI-MCHI has highlighted this to Gov-
ernment. The Government has appointed Dr.
Kelkar Committee for the revival of economy
for the State of Maharashtra. Shri. Deepak
Parikh is the part of this Committee and
represents Real estate sector.

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CREDAI-MCHI had a meeting with Chief Minister, Deputy Chief Minister, Revenue
Minister, Minister of Urban Development, Minister for Housing and Secretariat of various
departments and they all are supporting for the reduction of premium and charges.
We expect good announcement from the Government to come by end of this month or
in the early next month which will support Real Estate industry. CREDAI-MCHI
expressed their views to Hon’ble Revenue Minister about reduction of Stamp Duty and
also discussed about increase in Ready Reckoner Rates. CREDAI-MCHI is also working
on various issues related to Real Estate Industry.

He further informed that we have formed various tasks which is headed by Sr. Mem-
bers along with interested members, youth members and they are working on various
subject matter like SRA, MHADA, 33 (7), 33 (5), Society Redevelopment, Central Gov-
ernment, PMAY, CIDCO etc. These working groups will present representations on the
concerned subject to the respective authorities.

To create a demand, we are proposed to hold virtual property exhibition, PR Team is
working on creation of the positive sentiments by various articles on the media and
newspapers. We are also introducing campaign Ghar Hai to Sahi Hai, the right in-
vestment at the right price. Now a days property available to the end user is the best
possible prices in today’s time along with lowest interest home loan rate and with low
stamp duty. It is the best time to buy a property. We are communicating this message
through various media to our home.

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Demand Generation
and Consumer Sentiments

— The Way Forward

The panelists were :-
1. Shri Abhishek Lodha, Managing Director, Lodha Group
2. Shri Vipul Roongta, MD & CEO, HDFC Capital Advisors Ltd

Shri Anuj Puri, Chairman, Anarock Property
Consultants Pvt. Ltd. mentioned that
whatever transpired in these 6 months,
for Real Estate and especially residential, its
being positive and a lot more momentum,
energy and confidence within the Indian
Real Estate Sector. These things started
to happen in the minds of the consumer.
Many cities have started to look back
to their Pre-COVID level. Looking and
the initial days of COVID situation it
was looking like it will take 18 months
at least to get normalized but before the
festival season, there are positive news,
particularly Residential sector have been
started to come in the industry.

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Shri Abhishek Lodha about Consumer’s perception in context to Covid
COVID 19 pandemic has taught the Consumer that the home is lot more important.
He said an investment made in purchasing Car or Equity, there will be depreciation by
30% or so after 3 years, but home is the only product which we can enjoy and also it
will give financial return. So, it is time for the Real Estate Industry to take advantage
of the shift in the mindset and continuously feed in the minds of the people and don’t
fight the battle of yield and find the battle what is important in life and hopefully that
should have a long term beneficial impact in sales for all of us going forward.

Shri Abhishek Lodha demand in luxury segment
During the early days of lockdown, first 3 months the sales was largely in mid-income
segment and affordable segment, around 55-60% sale. However, starting from July
onwards, the sales in the 5 Crores plus segment also picked up meaningful. There is
very much in focus towards ready product. There was no huge amount of sale of un-
der construction in 5 crores plus segment but when you see ready product and we
are lucky where we have 10-11 thousands crores OC ready, unsold inventory. So we
have seen across the board sales is happening. In August, the cheapest home we sold
was 27 lakhs, the most expensive we sold 40 crores. So sales are happening across the
board and the motivation is the same. Positive factors in purchasing homes are coming
in people’s mind.
Shri Vipul Roongta trend of consumers and investing companies
The Investors sentiments shows that they are coming back, everybody looks at house

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as a reservoir for value rather than just
a consumption item, but people are
looking for buying own house. The de-
mand for semi ready and ready units not
seen in last seven to eight years, there
is tremendous demand for this now. We
have sold around 4,200 units in last 4
months’ time, whereas the comparative
units in last year in the preceding four
months, was 3,500 units. So, clearly if
you are a good developer and pricing it
right in terms of units’ price, there is no
problem of sales.

Shri Abhishek Lodha price growth in-
creases demand
We have a golden moment now, the
change in the assessment, what the
houses in terms of importance to a per-
son and his family and if we as a de-
veloper can reflect on this that moving
prices down is not only bad for us, it is
bad for our consumers, lenders and ev-
erybody. So, you need to start the price
right at the start at the launch and make
sure that the prices moving up in terms
of inflation. Another important thing is
moderate supply, keep supply a little
less than demand if can, and surely we
can grow prices.
Shri Vipul Roongta source of funds for
exiting and new projects
The Private equity at project level dif-
ficult, even if it comes it will come with

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such high expectations that it may make sense only in very few cases. I feel that getting
money from public market is definitely cheaper from getting money from the private
equity. Look at a flavor if it means logistics, if commercial or affordable housing for all,
there is huge market inside, explore doing that. It is significantly easier for lot of people
who have kind of burnt their hands in private equity real estate play.

Shri Abhishek Lodha on Moderation of Supply
Buy the land as you are building the product, customer pays you because there is short
supply, otherwise he will wait till completion then ho would buy if it is an oversupply.
You only make money if he pays you while it is under construction stage because cost
of money in this country is so high and it is mispriced especially over the last 3-4 years
because inflation is low and cost of borrowing is high. You can grow if you complete
your projects and by ensuring your supply is in areas where there is a short supply. Use
your own money and your known sources of sales & money and automatically supply
will come down.

Shri Vipul Roongta managing High Cost Debt
Product change should be executed, e.g. if a project having 5 towers and simultane-
ously 5 towers sold 40%, you need to renegotiate and shift the people from the 3rd &
4th towers to the first three towers and say that let me convert one tower atleast to
be ready, because only that much money is available. You can carve out retail areas,
carve out commercial areas which are being sold. Multiple ways in which it can be done

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and if you are stuck there is nothing but actually just maybe getting some money on an
informal basis by selling some cheap flats.

Shri Abhishek Lodha foreseeing market in
next couple of years
Our behavior is important, are we good to
our consumers, when it comes to pricing.
So we need to keep pricing discipline and
in order to keep pricing discipline, we have
supply discipline. If we have supply disci-
pline, we will be in a good place and if don’t
have supplied discipline, the discipline is
enforced by the lenders otherwise industry
cannot be profitable and if its not profit-
able, we can’t be in a great place.

Shri Anuj Puri summarized the session. He
mentioned that the lot of work has been
done and all of you have done good work
and the positive results are being received
such as stamp duty etc. next few weeks we
will hear more positive responses. Few im-
portant points are
• This is not a FSI game, it used to be FSI

game in MMR but it has moved away.
• Pricing versus Demand – confidence of

the home buyer only comes if they see
that the asset is continuing to appreciate
• Various ways of bringing in equity
• Change in the product, many of you can
hit the IPO markets to be able to raise
the equity

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• Supply side – unless we discipline on this, we will have problem and pressure would
come in from the consumers on the pricing and conversely it goes down

• Trends have changed, the views of the second homes and independent and perhaps
bit more to have control on your own hands

• Our future is in our hands

Shri Anuj Puri on business coming from global market to the city
Traditionally to disrupt cities is very difficult and Mumbai as a city has been very suc-
cessful, so traditionally to disrupt it would be very difficult, we are unable to cope up
with the requirements of the consumers. One of the requirements as said is infra-
structure, second requirement is health safety, which we have disrupted during this
pandemic. Does it have counter effect over a period of time where corporates decide
that this may not be really a safe city. US corporates are now looking to enter India may
decide that Mumbai hasn’t really behaved that well and some of the other cities have
behaved that well. And third is the qualified work force is available in that cities and
that is what attracts most of the global destinations if you look at New York or Tokyo,
Hongkong, London etc. the cosmopolitan culture, great quality infrastructure which
does bring in health safety and security and ability to get very skilled workforce. Mum-
bai has ability to provide all that is required, and we should not disrupt it. This pandem-
ic has much disrupted it and we have to be able to mend the image of Mumbai, as we
come out of this pandemic. Infrastructure is big tick mark, that attracts the Corporate
World, the skilled labour to be able to come and migrate into the city.

Vote of Thanks given by Shri Boman Irani, President-Elect

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SECRETARIAT'S DESK

MEETINGS

E-Meeting with SBI Bank
Continuing our dialogue with banks we had a meeting with, Mr. Shreekant CGM, SBI on 3rd
July 2020 and made suggestions to revive real estate.
E-Meeting with Shri Bhushan Gagrani
Meeting with Shri Sanjay E-meeting with Shri Bhushan Gagrani, Principal Secretary UDD along
with other officers from UDD and town planning department on 17th August 2020. CRE-
DAI-MCHI gave presentation on various issues / suggestion related to DCPR 2034.
Meeting with Shri. Sanjay Kumar, Chief Secretary GOM
Meeting called by Shri Sanjay Kumar Chief Secretary, Government of Maharashtra on 21 Au-
gust 2020 at 12.30 pm with regard to suggestion on IT/ITeS policy the meeting was attended
by Deepak Goradia, Dhaval Ajmera, Sanjay Phope

Meeting Shri Ajit Pawar Deputy Chief Minister
On 26 August 2020 CREDAI-MCHI had a meeting Shri Ajit Pawar, Deputy Chief Minister
along with Shri Jitendra Awhad, Housing Minister Shri. Jayant Patil, Minister for Water Re-
sources with regard to the societies that cannot be developed due to various reasons and
also requested the Minister to make amendments in the Societies Act of 79A. The meet-
ing was attended by Nayan Shah, Bandish Ajmera, Deepak Goradia, Boman Irani, Shahid
Balwa, Harish Gupta. This meeting was then followed by another meetings held on 15th
September 2020 with regard to Development of projects around Prisons

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REPRESENTATION

STATE GOVERNMENT & AUTHORITIES

Sr. No. Letter addressed to Subject

SR. LETTER ADDRESSED TO SUBJECT
NO.

1 Shri Eknath Shinde Ji, Granting relief on payment of instalment

Hon’ble Minister of Urban facility to MCGM and UD due to Covid-

Development Department, 19.

Government of Maharashtra

2 Shri Praveen Pardeshi Granting relief on payment of instalment

Additional Chief Secretary, facility to MCGM and UD due to Covid-

Urban Development 19.

Department (I),

Mantralaya, Mumbai.

3 Shri Rajesh J Narvekar (I.A.S.) Revive Real Estate Revive Economy,

Collector Request to start the approval of real estate

Collector Office, Court Naka, project with the time lines of 15 days and

monthly meeting for update.

4 Shri Lokesh Chandra (I.A.S.) Revive Real Estate Revive Economy,

Vice Chairman & M D Request to start the approval of real estate

CIDCO project with the time lines of 15 days and

monthly meeting for update.

5 Shri Satish Mahadeo Revive Real Estate Revive Economy,

Lokhande (I.A.S.) Request to start the approval of real estate

Chief Executive Officer project with the time lines of 15 days and

Slum Rehabilitation Authority monthly meeting for update.

6 Shri Milind Mhaiskar (I.A.S.) Revive Real Estate Revive Economy,

Vice President & C.E.O. Request to start the approval of real estate

MHADA project with the time lines of 15 days and

monthly meeting for update.

7 R A Rajeev Revive Real Estate Revive Economy,

Metropolitan Commissioner Request to start the approval of real estate

MMRDA project with the time lines of 15 days and

monthly meeting for update.

8 Shri Vijay Balkrishna Revive Real Estate Revive Economy,

Waghmare (I.A.S.) Request to start the approval of real estate

Joint Managing Director project with the time lines of 15 days and

MSRDC monthly meeting for update.

9 Shri Rajeev D Nivatkar (I.A.S.) Revive Real Estate Revive Economy,

Collector – Mumbai City Request to start the approval of real estate

project with the time lines of 15 days and

monthly meeting for update.

10 Shri Milind Nilkanth Borikar Revive Real Estate Revive Economy,

(I.A.S.) Request to start the approval of real estate

Collector project with the time lines of 15 days and

Mumbai Suburban District monthly meeting for update.

11 Shri Rajesh J Narvekar (I.A.S.) Revive Real Estate Revive Economy,

Collector Request to start the approval of real estate

project with the time lines of 15 days and

monthly meeting for update.

12 Shri Kailas Baburao Shinde Revive Real Estate Revive Economy,

(I.A.S.) Request to start the approval of real estate

Collector project with the time lines of 15 days and

Office of District Collector monthly meeting for update.

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SR. LETTER ADDRESSED TO SUBJECT
NO.
Smt Nidhi Choudhari (I.A.S.) Revive Real Estate Revive Economy,
13 Collector Request to start the approval of real estate
14 Office of District Collector project with the time lines of 15 days and
15 monthly meeting for update.
16 Shri P Anbalagan (I.A.S.) Granting relief on payment to MCGM due
17 Chief Excecutive Officer to Covid-19.
18 MIDC, Udyog Sarathi
19 Revive Real Estate Revive Economy,
20 Dr. P. Anbalagan (I.A.S.) Request to start the approval of real estate
21 Chief Executive Officer, project with the time lines of 15 days and
22 MIDC, Udyog Sarathi, monthly meeting for update.
23 MIDC Policy to Grant Access Permission
24 Shri Subhash Desai Ji. for Developments deriving Access from
25 Hon’ble Minister of Industries, Roads Constructed and maintained by
26 Government of Maharashtra, MIDC.
Granting relief on payment to MCGM due
Shri R L Mopalwar (I.A.S.) to Covid-19.
Chief Excecutive Officer
MIDC, Udyog Sarathi Granting relief on payment to MCGM due
to Covid-19.
Shri R A Rajeev (I.A.S.)
Metropolitan Commissioner MIDC Policy to Grant Access Permission
MMRDA for Developments deriving Access from
Roads Constructed and maintained by
Dr P Anbalagan. MIDC.
Chief Executive Officer, MIDC Policy to Grant Access Permission
MIDC, Udyog Sarathi for Developments deriving Access from
Roads Constructed and maintained by
Shri B Venugopal Reddy MIDC.
(I.A.S.). Finalization of pending proposed
Principal Secretary modification to DCPR 2034 and issue
Department of Industries, clarifications sought by MCGM from U. D.
Shri Praveen Pardeshi (I.A.S.) department, Government of Maharashtra.
Additional Chief Secretary Request for a meeting to discuss our
Urban Development suggestion on Revival of Real Estate
Department
Shri Sanjay Kumar (I.A.S.) Request for a meeting to discuss our
Chief Secretary suggestion on Revival of Real Estate
Government of Maharashtra
Request for a meeting to discuss our
Shri Ajoy Mehta (I.A.S. Retd) suggestion on Revival of Real Estate
Chief Advisor
Chief Minister Office Congratulations for taking over as New
Principal Secretary, Environment
Shri S V R Srinivas (I.A.S.) Department and Request for appointment
Principal Secretary (Additional
Charge) To simplify guidelines / regulation of
Housing Department policies applicable for Development of
Smt Manisha Mhaiskar (I.A.S.) Integrated Industrial Area and Logistic
Principal Secretary park in MMR region of Maharashtra State.
Environment Department

Dr. P. Anbalagan,
Chief Executive Officer,
MIDC, Udyog Sarathi,

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SR. SUBJECT
NO. LETTER ADDRESSED TO

27 Shri B Venugopal Reddy To simplify guidelines / regulation of

Principal Secretary (Industries) policies applicable for Development of

Department of Industries, Integrated Industrial Area and Logistic

Energy and Labour park in MMR region of Maharashtra State.

28 Shri. Subhash Desai Ji, To simplify guidelines / regulation of

The Hon’ble Minister of policies applicable for Development of

Industries, Integrated Industrial Area and Logistic

Government of Maharashtra, park in MMR region of Maharashtra State.

29 Shri. Eknath Shinde Construction of PAP Houses on Private

Hon’ble Minister Land by Private Developers for

Urban Development rehabilitation of slum dwellers affected by

Department Projects of Vital Public importance.

30 Shri Uddhav Thackeray CREDAI-MCHI Letter of Appreciation for

Hon’ble Chief Minister Shri Anil Diggiker (I.A.S) for Exceptional

Government of Maharashtra service for the Environment Department.

31 Shri Sanjay Kumar (I.A.S.) CREDAI-MCHI Letter of Appreciation for

Chief Secretary Shri Anil Diggiker (I.A.S) for Exceptional

Government of Maharashtra service for the Environment Department.

32 Shri Aaditya Thackeray CREDAI-MCHI Letter of Appreciation for

Hon’ble Minister of Shri Anil Diggiker (I.A.S) for Exceptional

Environment service for the Environment Department.

Government of Maharashtra

33 Shri Ajit Pawar ji CREDAI-MCHI Letter of Appreciation for

Hon’ble Deputy Chief Minister Shri Anil Diggiker (I.A.S) for Exceptional

Government of Maharashtra service for the Environment Department.

34 Shri Balasaheb Thorat Request to direct National Informatics

Hon’ble Minister of Revenue Centre to expedite the availability of

Government of Maharashtra software for online E-registration of

documents from the office of the

Developers

35 Dr. S. P. Kulshrestha Request to direct National Informatics

Scientist-G Centre to expedite the availability of

Software Development – software for online E-registration of

Pune documents from the office of the

National Informatics Centre Developers

36 Shri Manu Kumar Srivastava Relevant provision / amendment to the

(I.A.S.) Maharashtra (Urban Areas) Protection and

Additional Chief Secretary Preservation of Trees Act 2017 and/or any

Forest (Revenue and Forest other relevant law, for temporary

Department afforestation

37 Shri Ashok Chavan, 1) Applicability of Construction Rates for

Hon’ble Minister of PWD, Developed Areas under Special Planning

Govt. of Maharashtra Authority (SPA) in Mumbai Metropolitan

Area (MMR).

2) Increase in Construction Rates in the

Annual Statement of Rates (ASR).

38 Shri Omprakash Deshmukh 1) Applicability of Construction Rates for

(I.A.S.) Developed Areas under Special Planning

Inspector General of Authority (SPA) in Mumbai Metropolitan

Registration and Controller of Area (MMR).

Stamp

Govt. of Maharashtra 2) Increase in Construction Rates in the

Annual Statement of Rates (ASR).

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SR. SUBJECT
NO. LETTER ADDRESSED TO

39 Shri. Prabhat S. Rahangdale, Revision of schedule of fees in respect of

Director, Maharashtra Fire hiring of fire Engines & Ambulance,

Services scrutiny fee of High & Low-rise buildings

Mumbai. etc. for the period 1st April, 2020 to 31st

March 2021.

40 Shri. Balasahab Thorat Applicability of Construction Rates for

Hon’ble Minister of Revenue, Developed Areas under Special Planning

Govt. of Maharashtra, Authority (SPA) in Mumbai Metropolitan

Area (MMR). & Increase in Construction

Rates in the Annual Statement of Rates

(ASR).

41 Shri Balasaheb Thorat Suggestion for Valuation of open land in

Hon’ble Minister for Revenue respect of land leased by the Government

Government of Maharashtra of Maharashtra, Collector, MCGM,

MHADA and SRA.

Dr. Nitin Kareer (I.A.S.)

Additional Chief Secretary

Revenue (Revenue

Registration and Stamp)

Shri Omprakash Deshmukh

(I.A.S.)

Inspector General of

Registration and Controller of

Stamp

42 Shri R.A. Rajeev (I.A.S.) REMINDER: Granting relief on various

Metropolitan Commissioner, payments to TMC due to Covid-19.

MMRDA,

43 Shri Bhushan Gagrani (I.A.S.) Granting relief on various payments to

Principal Secretary, MMRDA due to Covid-19.

Urban Development

Department (I)

44 Shri Bhushan Gagrani (I.A.S.) Granting relief on various payments to

Principal Secretary, TMC due to Covid-19.

Urban Development

Department (I)

45 Shri Bhushan Gagrani (I.A.S.) Granting relief on payments to MCGM due

Principal Secretary, to Covid-19.

Urban Development

Department (I)

46 Shri Milind Mhaiskar (I.A.S.) Granting relief on payment to MHADA

Vice President & CEO due to Covid-19.

MHADA

47 Shri Satish Lokhande (I.A.S.) Granting relief on payment to SRA due to

Chief Executive Officer Covid-19.

Slum Rehabilitation Authority

48 Dr. Jitendra Awhad Handover of surplus area in respect of

Hon’ble Minister for Housing redevelopment under DC Regulation 33(7)

Government of Maharashtra

Mantralaya, Mumbai.

23

SR. LETTER ADDRESSED TO SUBJECT
NO.
Shri. Subhash Desai Ji, To simplify guidelines / regulation of
49 The Hon’ble Minister of policies applicable for Development of
Industries, Integrated Industrial Area and Logistic
50 Government of Maharashtra, park in MMR region of Maharashtra State.
51 Shri R.A. Rajeev (I.A.S.) Charging interest as per SBI Lending rate
Metropolitan Commissioner, to all lease holders as per Supreme Court
52 MMRDA of India order dated 10.07.2020.
Congratulations of being appointed as
Shri Bhushan Gagrani (I.A.S.) Principal Secretary, UDD(I)
Principal Secretary,
Urban Development डी.सी.पी.आर 17(1) नसु ार टीिडआर/एफ.एस.आय.िवकासातील
Department (I) जिमनीबाबत.
एकनाथ िशदं े साहेब
आदरणीय मं ी,
नगर िवकास िवभाग,
महारा सरकार

53 एकनाथ िशदं े साहेब अज 14(A)DP 1991 नसु ार मं जरू लेआऊट सं बंिधत.
आदरणीय मं ी, Mangrows गाडन/ जिमनीचे टीडीआर सं बंिधत.
नगर िवकास िवभाग,
महारा सरकार

54 एकनाथ िशदं े साहेब
आदरणीय मं ी,
नगर िवकास िवभाग,
महारा सरकार

55 एकनाथ िशदं े साहेब डीसीपीआर 33(19) ा बरोबरीने 33(13) नसू ार परवानगी
आदरणीय मं ी, असले ा एफएसआय ा balance potential ला परवानगी
नगर िवकास िवभाग, देणे.
महारा सरकार

56 Shri Bhushan Gagrani (I.A.S.) Reconsideration of parking regulation on

Principal Secretary, Affordable Housing Projects / Townships.

Urban Development

Department (I)

Government of Maharashtra

57 Shri. Uddhav Balasaheb Request for Immediate Meeting with

Thackeray Ji, regard to support from the Govt. of

Hon’ble Chief Minister, Maharashtra for Revving the Real Estate

Government of Maharashtra

58 Shri Ajit dada Pawar Directive under Section 79(A) of

Hon’ble Deputy Chief Minister Maharashtra Co-operative Societies Act

Government of Maharashtra 1960 bearing No.SGY/2018/PK 85/14-S

dated 4th July 2019 issued by the Co-

Dr Jitendra Ahwad ji operation, Marketing and Textiles

Hon’ble Minister for Housing Department

Government of Maharashtra

Shri Shamrao Patil (Balasaheb)
Hon’ble Minister for Co-
operation
Government of Maharashtra

24

SR. LETTER ADDRESSED TO SUBJECT
NO.
Shri Ajit dada Pawar Experts Panel and a Cabinet sub-
59 Hon’ble Deputy Chief Minister committee appointed by Hon’ble Chief
Hon’ble Finance Minister Minister to suggest steps to tackle the
60 Government of Maharashtra financial crisis arising out of the
coronavirus pandemic
61 Shri Uddhav Thackeray
62 Hon’ble Chief Minister Request for Clarification in announcement
63 Government of Maharashtra of Reduction in Stamp Duty
64
65 Shri Balasaheb Thorat Suggestions for Survival & Sustenance of
66 Hon’ble Minister for Revenue the Real Estate Industry in Mumbai
67 Government of Maharashtra

68 Shri Sanjay Kumar (IAS)
Chief Secretary
Government of Maharashtra

Shri Sanjay Kumar (IAS) To give permission to the balance potential
Chief Secretary of FSI as per DCPR 33(19) with 33(13)
Government of Maharashtra

Shri Balasaheb Thoratji. Loading of additional F.S.I. on Class – II
Hon’ble Minister for Revenue Land at Tal & Dist Thane.
Government of Maharashtra

Dr. Nitin Kareer (I.A.S.) Loading of additional F.S.I. on Class – II
Additional Chief Secretary Land at Tal & Dist Thane.
Department of Revenue

Dr. Jitendra Awhad ji Urgent Amendment to Maharashtra Rent
Hon’ble Minister for Housing Control Act 1999
Government of Maharashtra

Dr. Anbalagan P (I.A.S.) To simplify guidelines / regulation of
CEO policies applicable for Development of
MIDC Integrated Industrial Area and Logistic
park in MMR region of Maharashtra State.
Shri Ajit Pawar Grant of immediate relief relating to GST
Hon’ble Deputy Chief Minister effect on Redevelopment Projects.
&
Minister of Finance 1) Charging of staircase, lift, lift lobby
Government of Maharashtra premium under DCPR 31(1)(iv).
Shri Vinod P. Chithore 2) Reduction in premium for commercial
Chief Engineer (Development project
Plan) 3) Charging of premium for Staircase
Municipal Corporation of under Regulation 48(5)(A) of DCPR 2034
Greater Mumbai 4) Exemption under Regulation 31 from
FSI in respect of lobbies as specified for
Hotels and Commercial Establishment

25

SR. LETTER ADDRESSED TO SUBJECT
NO.
Hon’ble Shri Balasaheb Thorat express our gratitude to the Revenue
69 Minister for Revenue Department, Government of Maharashtra
70 Government of Maharashtra for accepting our demand and reducing
the Stamp Duty.
71 Dr. Nitin Kareer (I.A.S.) Clarification with regard to 63-1A of the
72 Additional Chief Secretary Maharashtra Tenancy and Agricultural
(Revenue) Lands Act, 1948.
73 Registration and Stamp Duty,
Revenue & Forest Department Compliments from CREDAI-MCHI for
74 Shri Balasaheb Thorat ji announcement of Stamp Duty Reduction
Hon’ble Minister for Revenue
75 Government of Maharashtra Request to direct National Informatics
76 Centre to expedite the availability of
Shri Balasaheb Thorat software for online E-Registration of
77 Hon’ble Minister for Revenue documents from the office of the
78 Government of Maharashtra Developers
79 Extension of Time limit for payment of
80 Shri A.B.P. Pandey (I.A.S.) taxes (including TDS, TCS, etc) to 31st
Secretary (Finance) December 2020 and the due date for filing
Department of Revenue of Income tax Return for AY 2020-21 to
31st March 2021.
Smt. Nirmala Sitharaman Extension of Time limit for payment of
Hon’ble Finance Minister taxes (including TDS, TCS, etc) to 31st
Ministry of Finance December 2020 and the due date for filing
of Income tax Return for AY 2020-21 to
Smt. Manisha Patankar 31st March 2021.
Mhaiskar (IAS) Request to grant EC on the basis of full
Principal Secretary potential/Conceptual plan
Environment Department
Shri Balasaheb Thorat Amalgamation, Merger, Demerger or
Hon’ble Minister for Revenue Reconstruction of Companies, or court
Government of Maharashtra consent terms maximum Stamp Duty
payable shall be Rs. 10,00,000/- for all
Hon’ble Shri Balasaheb Thorat Companies.
Minister for Revenue Representation regarding exemption from
Government of Maharashtra stamp duty on conversion/succession of a
Partnership Firm (or a Limited Liability
Shri Bhushan Gagrani (I.A.S.) Partnership firm) into a Company.
Principal Secretary Request for Amendment in DCPR 2034
Urban Development Reg 17(1)(20)(b)
Department (I)
Shri Bhushan Gagrani (I.A.S.) Request for Amendment in DCPR 2034
Principal Secretary Reg 14(A)(iii)
Urban Development
Department (I) Request to grant 3.0 times of TDR for
Shri Bhushan Gagrani (I.A.S.) utilities like water pipelines and Nallas
Principal Secretary
Urban Development
Department (I)

26

SR. LETTER ADDRESSED TO SUBJECT
NO.
Shri Bhushan Gagrani (I.A.S.) CREDAI-MCHI suggestions and also few
81 Principal Secretary clarifications with regard to
82 Urban Development DCPR 2034
83 Department (I)
84 Shri Uddhav Balasaheb CREDAI-MCHI requests for a Logistical
85 Thackeray ji, Support to Facilitate Return of
86 Hon’ble Chief Minister Construction Workers to Revive Mumbai
Government of Maharashtra MMR Realty
87 Shri Piyush Goyal CREDAI-MCHI requests for a Logistical
88 Hon’ble Minister of Railway Support to Facilitate Return of
89 Rail Bhawan, New Delhi Construction Workers to Revive Mumbai
MMR Realty
Shri Satish Lokhande (I.A.S.) Request to modify SRA’s Circular No. 186
Chief Executive Officer, dated 3rd April, 2018, pertaining to facility
Slum Rehabilitation Authority of deferment of Payments of premium for
Fungible Compensatory FSI.
Shri Vasant Prabhu Addition of one more name in the
Secretary Conciliation Forum of MahaRERA
MahaRERA
Request to issue Directions under the
Shri Gautam Chatterjee (I.A.S. provisions of Section 32 and 34 (f) & (g) of
Retd.) the Real Estate (Regulation and
The Hon’ble Chairperson Development) Act 2016 and Rules and
Maharashtra Real Estate Regulations made there under to facilitate
Regulatory Authority the completion of a ongoing real estate
projects and also for a healthy,
Shri Ajit Pawar transparent, efficient and competitive real
Hon’ble Deputy Chief Minister estate sector during and post COVID 19
Hon’ble Finance Minister pandemic.
Development of projects around prisons
Dr Nitin Kareer (I.A.S.)
Assistant Chief Secretary Integrated township policy dated 8th
Revenue Department. March 2019, clause number 13.3.
Reduction in stamp duty.
Shri Uddhav ji Balasaheb
Thackeray Request to issue Directions under the
Hon’ble Chief Minister provisions of Section 32 and 34 (f) & (g) of
Government of Maharashtra the Real Estate (Regulation and
Development) Act 2016 and Rules and
Regulations made there under to facilitate
the completion of a ongoing real estate
projects and also for a healthy,
transparent, efficient and competitive real
estate sector during and post COVID 19
pandemic.

27

SR. LETTER ADDRESSED TO SUBJECT
NO.
Shri Ajit Pawar Request for reduction in Cost of
90 Hon’ble Deputy Chief Minister Approvals, Development charges and
91 Hon’ble Finance Minister Ready Reckoner Rate
92 Request for reduction in Ready Reckoner
Shri Balasaheb Thorat Rate
93 Hon’ble Minister of Finance
Government of Maharashtra Ease of Doing Business

1) Dr. Jitendra Awhad ji
Hon’ble Minister for Housing
Government of Maharashtra

2) Shri. Anil Diggikar (I.A.S.) Request for reduction in Cost of
Vice President & CEO Approvals, Development charges and
MHADA Ready Reckoner Rate

Shri Uddhav ji Thackeray
Hon’ble Chief Minister
Government of Maharashtra

URBAN LOCAL BODIES

SR. SUBJECT
NO. LETTER ADDRESSED TO

1 Shri Iqbal Singh Chahal (I.A.S.) Granting relief on payment of instalment

Municipal Commissioner facility to MCGM and UD due to Covid-

Municipal Corporation of 19.

Greater Mumbai

2 Shri Iqbal Singh Chahal (I.A.S.) Revive Real Estate Revive Economy,

Hon’ble Municipal Request to start the approval of real estate

Commissioner project with the time lines of 15 days and

MCGM monthly meeting for update

3 Dr. Vipin Sharma (I.A.S.) Revive Real Estate Revive Economy,

Hon’ble Municipal Request to start the approval of real estate

Commissioner project with the time lines of 15 days and

Thane Municipal Corporation monthly meeting for up9date

4 Shri Iqbal S Chahal (I.A.S.) Request for Assistance to Save Mumbai

Hon. Municipal Commissioner Real Estate Industry.

Municipal Corporation of

Greater Mumbai (MCGM)

5 Shri Iqbal Singh Chahal (I.A.S.) Revive Real Estate Revive Economy,

Municipal Commissioner Request to start the approval of real estate

Municipal Corporation of project with the time lines of 15 days and

Greater Mumbai monthly meeting for update.

6 Dr. Vipin Sharma (I.A.S.) Revive Real Estate Revive Economy,

Municipal Commissioner Request to start the approval of real estate

Thane Municipal Corporation project with the time lines of 15 days and

monthly meeting for update.

28

SR. SUBJECT
NO. LETTER ADDRESSED TO

7 Dr. Mantada Raja Dayanidhi Revive Real Estate Revive Economy,

(I.A.S.) Request to start the approval of real estate

Municipal Commissioner project with the time lines of 15 days and

Ulhasnagar Municipal monthly meeting for update.

Corporation.

8 Dr. Vijay Suryawanshi (I.A.S.) Revive Real Estate Revive Economy,

Municipal Commissioner Request to start the approval of real estate

Kalyan-Dombivali Municipal project with the time lines of 15 days and

Cor monthly meeting for update.

9 Shri Chandrakant Krishnarao Revive Real Estate Revive Economy,

Dange (I.A.S.) Request to start the approval of real estate

Municipal Commissioner project with the time lines of 15 days and

Mira Bhayander monthly meeting for update.

Muncp.Corpn.

10 Dr. Pankaj Ashiya (I.A.S.) Revive Real Estate Revive Economy,

Municipal Commissioner Request to start the approval of real estate

Bhiwandi-Nizampur Municipal project with the time lines of 15 days and

Corporation monthly meeting for update.

11 Shri Abhijit S Bangar (I.A.S.) Revive Real Estate Revive Economy,

Municipal Commissioner Request to start the approval of real estate

Navi-Mumbai Municipal project with the time lines of 15 days and

Corporation. monthly meeting for update.

12 Shri Gangatharan D (I.A.S.) Revive Real Estate Revive Economy,

Municipal Commissioner Request to start the approval of real estate

Vasai Virar Municipal project with the time lines of 15 days and

Corporation. monthly meeting for update.

13 Shri Iqbal S Chahal (I.A.S.) Granting relief on payment to MCGM due

Hon. Municipal Commissioner to Covid-19.

Municipal Corporation of

Greater Mumbai (MCGM)

14 Dr Vipin Sharma Chahal (I.A.S.) Granting relief on payment to MCGM due

Hon. Municipal Commissioner to Covid-19.

Thane Municipal Corporation

15 Dr. Vipin Sharma (I.A.S.) REMINDER: Granting relief on various

Municipal Commissioner, payments to TMC due to Covid-19.

Thane Municipal Corporation,

16 Shri Iqbal S C hahal (I.A.S.) Granting relief on payments to MCGM due

Hon’ble Municipal to Covid-19.

Commissioner,

Municipal Corporation of

Greater Mumbai

17 Shri Iqbal Singh Chahal (I.A.S.) 1) Charging of staircase, lift, lift lobby

Municipal Commissioner, premium under DCPR 31(1)(iv).

Municipal Corporation of 2) Reduction in premium for commercial

Greater Mumbai project

3) Charging of premium for Staircase

under Regulation 48(5)(A) of DCPR 2034

18 Shri Iqbal Singh Chahal (I.A.S.) Exemption under Regulation 31 from FSI

Municipal Commissioner, in respect of lobbies as specified for

Municipal Corporation of Hotels and Commercial Establishment

Greater Mumbai

29

SR. LETTER ADDRESSED TO SUBJECT
NO.
Shri Iqbal Singh Chahal (I.A.S.) Request not to Levy Property Taxes/LUC
19 Hon’ble Municipal Taxes for certain commercial categories,
Commissioner due to Corona Pandemic Lock down
20 Municipal Corporation of period starting from 1st April 2020 till the
Greater Mumbai actual Lock down end for these users.

Shri Iqbal Singh Chahal (I.A.S.) Suggestion for modification in Reg 33(7)
Municipal Commissioner DCPR 2034 for Municipal tenanted Plots
Municipal Corporation of and to promote cluster redevelopment
Greater Mumbai under Reg 33(9 of DCPR 2034

CENTRAL GOVERNMENT

SR. SUBJECT
NO. LETTER ADDRESSED TO

1 Smt. Nirmala Sitharaman Request for an appointment and CREDAI-
Hon. Finance Minister MCHI Suggestions for revival of the real
Ministry of Finance estate industry

2 Shri Shaktikanta Das (I.A.S.) Request for appointment to discuss our

Governor, suggestions on revival and survival of the

Reserve Bank of India real estate industry.

3 Shri. Hardeep Singh Puri ji Representatives from CREDAI-MCHI as

Hon’ble Minister of State members of Permanent Working Group

Ministry of Housing & Urban for issues concerning grant of building

Affairs (I/C) height NOCs from Airport Authority of

India

4 Shri Pradeep Singh Kharola Reduction of permissible building heights

(I.A.S.) allowed as per Aeronautical study reports

Hon’ble Secretary due to the implementation of Guidelines

Ministry of Civil Aviation on Maximum Allowable Penetration of

Obstacle Limitation Surfaces in

Aeronautical Study reports (OLS

Guidelines) by the Appellate Committee

5 Smt Nirmala Sitharaman Grant of immediate relief relating to GST

Hon’ble Finance Minister effect on Redevelopment Projects.

Government of India

6 Shri Pradeep Singh Kharola Guidelines on maximum allowable

(I.A.S.) penetration of Obstacle Limitation

Hon’ble Secretary Surfaces in Aeronautical Study Reports

Ministry of Civil Aviation

7 Expert Committee to Assist Submissions of representations behalf of

Government for Assessment CREDAI - MCHI

of Relief to Bank Borrowers

Chairman’s office

State Bank of India

30

SR. LETTER ADDRESSED TO SUBJECT
NO.
1) Shri. Pradeep Singh Guidelines on Maximum Allowable
8 Kharola (I.A.S.) Penetration of Obstacle Limitation
Hon’ble Secretary Surfaces in Aeronautical Study Reports
9 Minister of Civil Aviation
10
11 2) Chairman
12 Airport Authority of India
13
New Delhi
14
3) Member (ANS) Clarifications requested in relation to One
Airport Authority of Time Restructuring Scheme (OTR) dated
August 6 2020.
India, New Delhi
Shri Shaktikanta Das (I.A.S. Clarifications requested in relation to One
Retd) Time Restructuring Scheme (OTR) dated
Governor August 6 2020.
Reserve Bank of India
Shri Mahesh Kumar Jain Clarifications requested in relation to One
Deputy Governor Time Restructuring Scheme (OTR) dated
Reserve Bank of India August 6 2020.

Shri Swaminathan Clarifications requested in relation to One
Gurumurthy Time Restructuring Scheme (OTR) dated
Non Official Director August 6 2020.
Central Board of RBI
Reserve Bank of India Representation of Real Estate Sector and
Shri Satish Marathe clarifications sought in response to the RBI
Director circular no. RBI/2020-21/16 DOR. No.
Central Board of RBI BP.BC/3/21.04.048/2020-21 dated
Reserve Bank of India August 6, 2020 in respect of Resolution
Shri. K V Kamath Framework for Covid-19 related stress.
RBI SPL Committee (Referred as OTR)
Reserve Bank of India Sub: Funding proposal | Ready OC
received unsold residential flats
Shri Rajnish Kumar
Chairman, Ref: Liquidity Support Scheme for
State Bank of India Residential Real Estate (LSRE)

31

CREDAI-MCHI E-BIZNET

1ST EDITION OF CREDAI-MCHI E-BIZNET

The 1st edition of CREDAI MCHI E-BIZNET – where business is just a click away, was a
unique 3 Day Building Material Manufacturers Meet to interact with ancillary industries
across the nation.
Powered by Asian Paints, the other partners included A B See Brand Advisory, Buildon
Plasters PVT, LTD, DECEUNINCK Profiles India, Dorset Group, Godavari Paints, Kone
Elevators, Lazot Technologies, Maini Scaffold Systems, NITCO Ltd, RR Parkon & Somany
Ceramics Limited with Creative Partner as Markenzo Worldwide.
In the presence of about 311 Procurement teams across nation, the 1st Day
of the event was inaugurated by CREDAI-MCHI President Mr Nayan A Shah,
Mr. Deepak Goradia- CREDAI-MCHI President Elect, Mr. Rajeev Jain CREDAI MCHI
Biznet Conveyer, Mr Nimish Ajmera, Procurement Conveyer, Mr Akshay Agarwal & Mr
Nilesh Puranik – Procurement Co-Convener and the Vote of Thanks was delivered by
Mr. Tikam Jain, President Lodha Group.
The Second day was inaugurated by Ms. Punam Ingle Senior Manager- Godrej Properties LTD

32

and Ms. Seema Jobanputra, Director Procurement - Ashar Group. The vote of thanks was
given by Mr. Nilesh Puranik, Owner Puranik Builders, Co-Convener Procurement Wing
The 3rd Day of the event was organised by Mr. D R Jalan, Vice President HOD Procurement
Sunteck Realty, Mr. Neerav Parmar, Senior Vice President Contracts and Procurement-
Shapoorji Pallonji Real Estate and Mr. TD Joseph, Business Head CREDAI-MCHI. The
vote of thanks was delivered by Mr. Nimish Ajmera Director- Ajmera Realty and Convener
CREDAI MCHI Procurement wing.

33

2ND EDITION OF CREDAI-MCHI E-BIZNET

Over 500+ companies and individuals participated in CREDAI MCHI’s E-Biznet; Held
to catalyse growth in Indian Real Estate In a bid to provide impetus to Real Estate
development in the country, CREDAI MCHI conducted E-Biznet, an exclusive networking
program to re-initiate and strengthen corporate relationships between real estate
developers and its allied industries. With the sector still struggling amid Covid - 19 and
experiencing a slow pace of recovery, the second edition of the meet focused on the
theme of catalyzing industrial and economic growth, thereby supporting and facilitating
real estate businesses and boosting sales as a consequence.
With over 500+ companies and organizations attending the virtual dialogue, E-Biznet
witnessed a number of industry firsts and initiatives. Given the dire financial situation
of developers owing to minimal demand and limited cash flows, presentations made
by leading allied industry players included options for developers to flexibly structure
payment mechanisms in the form of deferrals whilst providing avenues of barter as a
means to complete transactions and fulfil construction obligations.

34

The 2-day session held by CREDAI MCHI, a leading real estate body with over 1500+
developers in the MMR, strengthens its commitment towards providing a more conducive
business environment for Real Estate stakeholders during the pandemic.
Addressing the event, CREDAI MCHI President, Mr. Nayan Shah, shared his views
“CREDAI MCHI has consistently been at the forefront of innovative and pioneering
initiatives and E-Biznet is yet another platform which has successfully provided over
500+ organizations with a definitive way forward in times of uncertainty. CREDAI
MCHI takes great pride in supporting the Indian Real Estate Eco-system and ensuring
that all our industrial stakeholders navigate through this pandemic.”
Shri Rajeev Jain, convenor, CREDAI MCHI Biznet, said “We are extremely elated and
proud to conduct the second edition of E-Biznet. By bringing real estate stakeholders
on one platform, CREDAI MCHI has re-initiated and enabled B2B conversations to
provide a significant stimulus to Indian Real Estate. Building on the success of the first
two editions of E-Biznet, we hope to conduct many more such networking meets and
opportunities and helping the real estate to arrest the slowdown brought about by
Covid – 19.”

35

MOBILE DISPENSARY
SEVA VAN

CREDAI-MCHI, BJS (BHARTIYA JAIN SANGHATANA), DESH APNAYEN

Bhartiya Jain Sanghatana, Desh Apnayen & CREDAI-MCHI have collectively in associ-
ation with all MMR Corporations in Mumbai, Thane, Kalyan Dombivli, Mira-Bhayender,
and Navi Mumbai and the support of Government of Maharashtra had taken an initia-
tive to start Mobile Dispensary Seva Vans in Mumbai and MMR region.
The project was launched in three phases. The first phase of initiative was kick started

36

on 28th April 2020 with just 5 mobile seva vans, soon it grew to 60 MDSV to make
sure every resident is checked thoroughly. The second phase of this initiative called
‘Mission Zero’ started on 22nd June 2020 with 50 MDSV to cover various hotspots of
Mumbai to conduct examination of patients and to do swab testing for suspected pa-
tients and quarantine them in the MCGM quarantine centres. After successful imple-
mentation of Mumbai’s Mission Zero, Thane, Navi Mumbai, Kalyan – Dombivli started
the 3rd Phase which comprised, Prachar Rath and Antigen tests of the residents in the
respective cities. This initiative ensures increased testing with little hassle to residents.
The number of current testing capacity is over 3,000 per day and this will further aug-
ment our capacity and reach.

37

CREDAI-MCHI
WOMEN’S WING WEBINAR

CREDAI -MCHI Women’s Wing conducted a webinar on September 08, 2020 o n
Rediscovering Millets and various health benefits with Recipes conducted
by Ms. Manisha Rathore ,CEO& Founder, Pop Up Technologies.

Ms Richa Shah-Hon Chairperson welcomed the speaker and all participants in the webi-
nar series .Ms Manish Rathore is a naturopathist who will be talking and sharing with us
something thatwe have all forgotten from a diet,which is millets . Millets are a kind ofgrain
whichwecan substitutetodayfor riceandwheat whichwehavetraditionallybeeneating.
Ms Falguni Shah -Hon. Vice Chairperson gave a brief introduction on the speaker Ms
Manisha Rathore and welcomed her on behalf of CREDAI MCHI Women’s Wing.Ms
Manisha Rathore shared a few words with the members and participants. It’s won-
derful to be here like-minded peo-
ple who are actually really and
equally passionate about food and
the importance of food . Actual-
ly, what is happening these days
is that in every one in three peo-
ple, they are suffering from some
lifestyle disorder, whether it’s di-
abetes , hypertension or acidity
and the sad thing is that you have
begun to consider it a part of life.
Ms Manisha explained the benefits
of millets through her presentation
and started demonstrating the rec-
ipes which all the participants liked
and appreciated .

List of Recipes will be shared
during Webinar:
1) thin crust pizza
2) foxtail millet pulao
3) fasting dosa
4) jowar coconut dosa
5) handavo

Vote of thanks given by
Ms. Jesal Shah-Hon.Secretary

38

#ReviveRealEstateReviveEconomy

On 30th May 2020, The MMR Action Committee of developer’s body CREDAI-MCHI filed
for an online petition to the Prime Minister pleading for efficient steps to revive the real
estate sector which can help 250 other industries and potentially provide around five crore
jobs directly as well as indirectly. This petition is called #ReviveRealEstate #ReviveEconomy
and has already generated over 38,000 online signatures from across the country. The
petition talks about how the Real Estate Industry contributes about 8% to the GDP
and hence needs immediate attention. This is significant because of the RBI forecast of
negative economic growth for the country.
While the 20 lakh crore package announced by the government offers benefits to the
crisis-ridden real estate industry, it seems very minuscule keeping the massive impact
of the current situation in mind. The petition also called for the reduction of home loan
interest to 5%, passing of the RBI repo rate cut benefit to the end consumer, one-time
restructuring of developers’ loans, an extension of project completion timeline by RERA
by a year, apart from GST reliefs. “We request for urgent intervention at the highest
level in the government so that the industry is revived to rejuvenate the economy as
a whole,” said Ajay Ashar, Spokesperson of CREDAI Action Committee. The revival of
real estate will also kick-start many other industries such as cement, steel, electric,

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paint, plumbing and elevators and all these will help safeguard jobs. The real estate industry
always stood up and supported the government, leading from the front. Even in this crisis
of COVID-19, real estate has contributed to PM Relief Fund, provided accommodation for
doctors and paramedic and also provided space for creating temporary hospitals.
The petition sought extension of the GST Input Tax Credit for new projects as well,
increasing the SWAHIM fund to Rs. One lakh crore, scrapping of the market-value
basis for GST, speedy clearance of Indian Navy and aviation NOCs for want of which
over 25,000 buyers are stuck.

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