40TH CREDAIMCHI AGM REPORT 2022

presence of MLAs Shri Hitendra Thakur and Shri Kshitij Thakur. Shri Pankaj Parikh is the President of
the CREDAI-MCHI Vasai-Virar Unit, and Shri Bipin Agarwal is the Hon’ble Secretary. An MoU was signed
on February 24th, 2022, by Vice President Shri Shailesh Puranik and co-task owner Shri Tejas Vyas and
Member Shri Chandresh Mehta. CREDAI-MCHI President Shri Boman Irani and Hon’ble Secretary Shri
Dhaval Ajmera were also present at this time.

Fellowship Meet-Up for All Builders & Developers

On May 13, 2022, the CREDAI-MCHI Bhiwandi Unit hosted the first fellowship meet-up. The pur-
pose of the meeting was to inform Bhiwandi City Builders about the CREDAI-MCHI body and meet
Bhiwandi Committee Members to set the city’s vision and mission and introduce the CREDAI-MCHI
platforms for builders and their grievances.

Navi Mumbai Ratna Award 22

The CREDAI-MCHI Navi Mumbai
and Youth Foundation Navi
Mumbai felicitated J.M. Mhatre
Charitable Organisation for its
social service during COVID-19
at a function held at Vishnudas
Bhave auditorium in Vashi on May
27. Former Urban Development
Minister Eknath Shinde felicitated
Shri Pritam Mhatre, leader of the
opposition at Panvel Municipal
Corporation and president of the
organization, with the ‘Navi Mumbai Ratna Award 2022’ for his significant work during the Covid period.
The municipal commissioner of PMC Ganesh Deshmukh, DMC Sachin Pawar, and Health official of
PMC Anand Gosavi, among others, were also felicitated on the occasion.

CREDAI-MCHI Kalyan-Dombivali hosted the 11th Property
Expo & BIZNET

CREDAI- MCHI Kalyan-
Dombivali organised the 11th
Property Expo from May 19 to
22, 2022, at Lal Chowki in Kalyan
West. Around 35 developers
participated in the event, which
highlighted 150-plus projects
with 20,000 footfalls. They also
showcased BIZNET, a business
and networking platform, at the
Expo, which had 35 developers
members participating in a one-
on-one networking session with Associate Partners-Tata Pravesh, EkoTimber, Prince Pipes, Godavari
Paints, Magppie, Sleek Kitchens, Knest, Nitco, Icare Lift System and Bellwether.

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credaI-MchI PrOcureMeNt WINg PreSeNtS
weConneCT &

pre-launCh of spaCiuX awards

CREDAI-MChI procurement Wing presents WeConnect & pre-launch of Spaciux Awards, which was
held on 9th March 2022 at Sofitel, bKC� CREDAI-MChI procurement Wing We-Connect began with a
large number of developers, architects and interior designers attendees� It was followed by the Spaciux
Awards, where the lamp lighting was done by president CREDAI-MChI, Shri boman Irani, hon� Secretary
Shri Dhaval Ajmera, CREDAI-MChI procurement Wing Convener Shri Nimish Ajmera, CREDAI-MChI
procurement Wing Co-Convener Shri Nilesh puranik and Ms Nisha JamVwal, Interior Designer� All
the award winners of 2021 were felicitated, and the New Steering Committee and Jury members of
2022 were also announced� Architects from across India in pune, Raipur, Lucknow, Gujarat, haryana,
Karnataka and Mumbai attended the event�

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credaI-MchI PrOcureMeNt WINg PreSeNtS
2nd ediTion of

Credai-MChi X-ClusiVe aT delhi

CREDAI-MChI procurement Wing presented the second edition of X-CLUSIVE held from 22nd to 24th
April 2022 at Delhi, which saw a large number of attendees� The lighting of the lamp was done by Shri
Nimish Ajmera, Convener, CREDAI-MChI procurement Wing, Shri Akshay Agarwal, Co-Convener, Shri
Nilesh puranik, Co-Convener, CREDAI-MChI procurement Wing, Shri parvez Amin, president, Jaquar
Group, Shri Saurabh bansal, Joint Managing Director, Dorset Industries private Limited, Shri Atul Desai,
Executive Director and Chief Executive Officer at pRISM Johnson and Shri TD Joseph business head,
CREDAI-MChI�

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The highlights of the 3-day event included delegate visits to Magpie Living’s showroom for a glimpse
of our luxury kitchens and wardrobes, Jaquar Group’s world-class manufacturing facility for their
bathroom and lighting segments and Dorset’s showroom for its door hardware products. There was
also the much-awaited meet-and-greet session with Jaguar Group’s MD & Director, Shri Rajesh Mehra,
at Jaquar Headquarters.
The event concluded on a special vote of thanks by Shri Nimish Ajmera, Convener, CREDAI-MCHI
Procurement Wing and Shri TD Joseph, Business Head- CREDAI-MCHI. Comedian Shri Amit Tandon provided
entertainment with his hilarious performance and brought the curtains with a round of hearty laughter.

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CREDAI-MCHI
A Special Screening of ‘83’

On December 28, 2021, the CREDAI-MCHI MPL team organised a special screening of the film 83 at
PVR Jio World Drive. This exclusive event was organised for MPL stakeholders. The 1983-World Cup
victory at Lord’s is Indian cricket’s history’s most memorable and decisive moment, which the sports-
enthusiast developer fraternity re-lived at the special screening that day.

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CREDAI-MCHI MPL - 8
Tribute to Covid warriors

 Kandhari King Won Coveted MPL – 8 Trophy
 Mighty Rustomites Glorious Runners Up
 Under the aegis of CSR activity – CREDAI – MCHI donates Rs. 2,01,000/- to NGO Mobile Crèche.

Police Gymkhana, Marine Drive witnessed some heavy-duty Cricket over the weekend with MCHI
Premier League was held from February 25 to 27, 2022. After a pause in the unstoppable successful
journey of 7 years due to pandemic, the MCHI Premier league has bounced back bringing in the Eighth
Edition of the M CHI Premier League.

The Eighth Edition of the unique Cricketing event, MPL – 8 (MCHI Premier League) ended on a highly
exciting note with Kandhari Kings (B-Kandhari Team) winning the coveted MPL-8 trophy.

The first Semi-final was played between Kandhari Kings v/s Sethia Strikers. Kandhari Kings won with a
comfortable margin. On the contrary, the second semi-final was truly exciting. It was played between
2n Semi-final Ajmera Cricket Champs v/s Mighty Rustomites ending in a nail-biting finish with the
victory of Rustomites. The CSR tournament, being an important part of MPL - 8 was played by children
of construction workers from our Mobile Creche, our NGO partners on a concluding day. The kids, at
their joyful best, excitedly played the match besides indulging in some impromptu dance moves. Also,
Children had enjoyed a day with magicians, tattoo artists, etc. These children were given sports kits
and medals.

Other exciting matches were played between CREDAI - MCHI Managing Committee v/s Times of India,
official media partners of MPL - 8. Exciting Match between CREDAI-MCHI Youth Wing v/s NAREDCO
NEXTGEN was won by CREDAI-MCHI Youth Wing.

A grand Prelaunch ceremony of MPL 8 took place at MCA Club, BKC on 23rd February 2022. The event
was graced with the presence of Guests of honor - Shri.Russell Fernandes, Associate Vice President &
National real estate head, Times Group, Dr Hemant Deshmukh, Dean, KEM hospital, Dr Balkrishna Adsul,
Dean, Seven Hills hospital, Dr Smita Chavan, Additional Dean, Seven Hills Hospital Celebrity Guest
- Ms.Nehal Chudasama, Miss Diva, Shri Boman Irani, President, Shri. Dhaval Ajmera, Secretary, Shri
Pritam Chivukula, Treasurer, Shri. Shailesh Puranik, Vice President, Shri. Bandish Ajmera, Committee
Member, Shri Shailesh Sanghvi, Sports Convener, Shri. Naman Shah, Convener, Youth Wing, Ms. Mona
Ajmera, Chairperson, Women’s Wing.

This edition of MPL 8 is a “Tribute to Covid warriors” who had done commendable duties at the forefront
during the fierce battle against the pandemic. At the event, CREDAI MCHI felicitated Doctors, Nurses,
Policemen, Sanitation workers, and Media who kept alive the spirits of citizens.

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Participating Teams:

R u s t o mj e e G r o u p A jm e ra R e a l t y , B K P T M G L , N I T C O ,
S e t hia I n fras t r u c t u r e , Paradigm R e a l t y , & Lashkaria G r o u p

Winner MPL 8 Trophy Kandhari Kings
Runner Up Mighty Rustomjee
Best Fielder of Tournament Sandeep Dharaiya Kandhari Kings
Best Bowler of Tournament Rahim Khan from Kandhari Kings
Best Batsman of Tournament Ganesh Jakkan from Mighty Rustomjee
Man of the Match Vijay Barot from Kandhari Kings
Man of the Series Arjun Derania from Kandhari Kings

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PARTNERS

Powered by RR Kabel
Media partner Times property
1. EVPL – Eco Ventures Private Ltd
Co-sponsor 2. Fairplay
Fitness Partner 3. Audi-Mumbai South
Physio Partner My Fitness
Sports Event Partner Aquacentric Therapy
CREDAI-MCHI Preferred Partners Mistry Sports & Entertainment
- Messe Frankfurt Trade Fairs India Pvt Ltd-
CSR partner
Preferred Strategic Industry Partner
CSR Kids Sponsors - Fujitec India Pvt limited as Preferred

Elevator & Escalator Partner
Mumbai Mobile crèches
1. GISS
2. M Space Realty
3. Sai Life
4. M Realty

5. Gundecha Developers
6. Lalani Group
7. Sanghvi S3
8. Mumbai Mobile Creches
9. Pride Group
10. Neelyog Builders & Developers
11. Konark Group of Companies
12. Mehta Group
13. Veena Developers

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YouTh wing iniTiaTiVes

Study Tours

CREDAI-MChI Youth Wing organised a study tour and RED dialogue at Jio World Drive on 25th November
2021� The members of the youth wing visited this world-class mixed-use development in bKC, where
they saw the World Drive Mall and the mammoth 1,20,000-square-foot bay Club� This study tour was
then followed by a Real Estate Dialogue (RED) session with Shri Darshan Mehta, CEO & president of
Reliance brands Limited�

CREDAI-MChI Youth Wing
Members participated in a series
of study tours, beginning with
Mumbai’s Coastal Road project
on 24th March 2022� They saw
all four packages of the MCGM
Coastal Road, from Marine Drive
to Worli, gaining exposure to
various insights into how it was
conceptualised, and executed,
overcame challenges and its
current status�
Likewise, a three-day study tour to
hyderabad was organised from 7th
to 9th April 2022� It commenced
with a visit to Vessella Meadows,
a perfect blend of sustainable

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development and modern amenities in the heart of the city, followed by CERA Style Studio, Madhapur,
My Home Bhooja and T-Hub in Madhapur. The tour came to an end with a visit to the warehousing
facilities of Amazon, Flipkart, and Reliance Warehousing facilities in India.

CREDAI-MCHI conducted a study
tour of the CIDCO project in Kharko-
per, Navi Mumbai, in collaboration
with L&T Construction on August 12,
2022. The 12-story, 96-unit building
was completed in 96 days. Members
had the opportunity to speak with
the L&T construction team, who ex-
plained the entire planning and exe-
cution process. The following were
the projects’ major highlights: 1) 96
flats completed in 96 days, includ-
ing terrace and OHT, as well as the
entire building finishing, including stilts 2)Constructed with the Precast Large Concrete Panel System,
3) Unprecedented 3-Day Floor Cycle, 4)Superstructure completed in 36 Days, 5) Total Precast OHT in
7 Days, 6) End-to-End finishing in 86 Days.

Impact Of GST On Residential Projects Under JDA,
Redevelopment & Other Models

On 10th February 2022, CREDAI-MCHI Youth Wing organised an online knowledge session on ‘Impact
Of GST On Residential Projects Under JDA, Redevelopment, and Other Models’. The partners at
Economic Laws Practice (ELP), Shri. Rohit Jain, Shri. Harsh Shah, and Shri. Gourav Sogani gave an in-
depth presentation on all aspects of GST in a Redevelopment Scheme right from the title document of
plot, flats given to tenants/slum dwellers, to the sale of flat to eventual customers and everything in
between.

YouTube Link: https://youtu.be/UFCKPHpmEik

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RED Sessions with Industry Leaders

CREDAI-MCHI Youth Wing organized a
series of Real Estate Dialogues (RED)
with industry leaders, beginning with
an amazing conversation with Shri
Bhavit Sheth, COO & Co-Founder
of Dream 11 & Dream Sports, on
31st May 2022. It was refreshing to
hear an industry heavyweight like
Shri Sheth talk of pursuing growth
and profitability rather than unicorn
status in a valuation-driven world.

On 30th June 2022, CREDAI-MCHI Youth Wing hosted an exclusive session with Shri Vishal Muraka
from Banka BioLoo and Shri Anish Pimpalkhute from Solar Scapes on June 30, 2022. Shri Muraka
informed that they have technologies in sanitation and have installed over 10,000 toilets in rural schools
over the last eight years, which has led to a rise in attendance by 6%, while Shri Pimpalkhute revealed
that they have unique technology to power up the buildings while preserving their beauty.

The Youth Wing conducted a
dialogue with Shri Ramesh
Damani, Chairman of Avenue
Supermart (D-Mart), on 18th
July 2022, At the event that was
partnered with Reloy, Shri Damani
shared his thoughts on wealth
creation, where he said that the
Real Estate industry might not
seem desirable in a world of
startups and cryptos, however,
a steady and linear-appreciating
asset is always better than a
volatile asset.

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Industry leader Shri Akhil Patel, Director, Property Share Market Economics, also shared insights
into the 18.6-year property cycle to assist investors in making sound investment decisions in the face
of rising interest rates, land prices, and inflation. The Youth Wing’s RED session with Shri Patel took
place on 28th July 2022.

On August 18, 2022,CREDAI-MCHIYouth
Members held an Exclusive RED Session
with Shri Gautam Singhania, chairman
of RAYMONDS India, a household
name both in India and abroad that is
approaching its 100th year in business.
Raymond’s “The Complete Man.” Three
words have inspired generations of
American men to be the best versions
of themselves. Shri Gautam Singhania’s
ethos and spirit resonated with our
Youth Wing members in attendance at
the training, and he took us on a tour of
his real estate venture, Raymonds “The
Complete Home.”

CREDAI-MCHI Youth Wing PropTech & Best Practices Club

CREDAI-MCHI Youth Wing was proud to kickstart two new initiatives, namely PropTech and Best
Practices Club. These events were initiated and held on 11th November 2021 at Rustomjee Crown
with Shri Ashish Anand- CEO of Bru Finance on Blockchain Funding in Real Estate, as part of the
Proptech Series. Speakers of the event were Viral Oza, Chief Marketing Officer, Mahindra Lifespace,
Parikshit Pawar, Sr Vice President, Shapoorji Pallonji Group, Ashish Dhami, Sr Vice President &
National Head Sales & Marketing, K Raheja Corp and Prashant Bindal, Chief Sales Officer, Lodha
Group. Similarly, on April 27th, 2022, a Best Practices Discussion Club session on ‘Future Of
Alternate Real Estate Assets’ was held at JLL’s Mumbai office with Shri Karan Singh Sodi, Regional
Managing Director, MShri & Ahmedabad, India, JLL, Shri Vinod Rohira, CEO, Mindspace Business
Parks REIT, Shri Rachit Mohan, India Head - Data Centre Advisory & Co-Head of OLA, Mumbai and
Shri Rachit Mohan of JLL India.

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CSR ACTIVITIES

Blood Donation Camp
& Felicitation of Mumbai College Volunteers

CREDAI-MCHI organised blood donation camps on
the 15th and 16th of February 2022 as a tribute to the
late legendary singer Smt. Lata Mangeshkar. These
camps were conducted on five railway stations:
CST, Ghatkopar, Dadar, Bandra, and Andheri.
In two days, 1007 blood counts were collected.
The camp was inaugurated at CST station by Dr
Gautam Bansal of Bombay Hospital, Shri. Boman
Irani, President of CREDAI-MCHI, and Shri. Sukhraj
Nahar, Vice President of CREDAI-MCHI. While Shri
Rajnikant Ajmera, Past President, CREDAI-MCHI,
and Shri Pritam Chivukula, Treasurer, CREDAI-
MCHI, inaugurated the blood camp at Dadar station,
Shri Nayan Shah, Past President, CREDAI-MCHI,
inaugurated the blood camp at Andheri station; Shri
Shilpin Tater, Member, CREDAI-MCHI, inaugurated
the blood camp at Ghatkopar station and Dr Adv.
Harshul Savla, Special Project, CREDAI-MCHI,
inaugurated the camp at Bandra station. On 25th
March 2022, a ceremony was held to felicitate the
volunteers from Mumbai colleges who participated
in blood donation camps. Shri. Sudhir Puranik, the
Registrar of Mumbai University and Director of NSS,
presented the trophies to the following colleges- G.
N. Khalsa College (Autonomous) Matunga, Bhavan’s
College Andheri (Autonomous), Piva Sathaye
College (Autonomous), and R. A. Podar College
of Commerce and Economics (Autonomous). Shri
Satish Kumar, Head-Secretariat, represented
CREDAI-MCHI at the Felicitation Ceremony held
at the NSS Department, Mumbai University,
Churchgate.

Inauguration of Nirmal Nagar Police Station

The Nirmal Nagar Police Station in BKC Mumbai was inaugurated on 23rd March 2022. The entire
police station was renovated as part of CREDAI-MCHI’s corporate social responsibility (CSR) initiative.
The inaugural function was attended by Chief Guest Shri Sanjay Pandey, Former Commissioner of
Police, Mumbai, and Shri. Boman Irani, President, CREDAI-MCHI. Shri. Vishwas Nagare Patil, Joint
Commissioner of Police, Law and Order, Shri. Sandeep Karnik, Additional Commissioner of Police,
Western Regional Division, Mumbai, Deputy Commissioner of Police, Zone-08, Shri. Manjunath Shinge,
Deputy Commissioner of Police, Zone-9, Shri. Shashikant Bhandare, Senior Inspector of Police, Nirmal

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Nagar Police Station, Somnath Kale, Assistant Inspector of Police, Nirmal Nagar Police Station, Shri.
Dhaval Ajmera, Hon. Secretary, CREDAI-MCHI, Shri. Dominic Romell, Shri. Tejas Vyas, Member,
CREDAI-MCHI, Shri. Parth Mehta, Member, CREDAI-MCHI, Shri. Akshay Agarwal, Director, Arihant
Superstructure, Shri. TD Joseph, Business Head, CREDAI-MCHI, Shri. Keval Valambhia, COO, CREDAI-
MCHI, Satish Kumar, Secretariat Head, CREDAI-MCHI and Shri. Navashish Singh Chhatwal, AGM,
CREDAI-MCHI were all present at this inauguration ceremony. Associate members such as Godavari
Paints, Messe Frankfurt Pvt Ltd, Eco Venture Pvt Ltd, Deceuninck India Pvt Ltd, Nitco Ltd, RR Kabel,
Procon RMC, TNA RMC, Jaquar & Co, Dorset India, Prince Pipes, Unik Grafix & Events, Maria Enterprises,
and Qurban Decorators contributed to the reconstruction of Nirmal Nagar Police Station.

Har Ghar Tiranga to celebrate Azadi Ka Amrit Mahotsav

CREDAI-MCHI is honoured to be a part of the Har Ghar Tiranga campaign to commemorate 75 years
of glorious independence. We would like to take this opportunity to thank the BMC for their efforts in
organising a nationwide campaign to reach out to every Mumbaikar, including those living in slums
so that every Mumbaikar can participate in Har Ghar Tiranga. CREDAI-MCHI has reached out to its
members to thank them for their contributions to this noble initiative. CREDAI-MCHI and its members
have collectively donated Rs. 1,06,25,000 to the cause.

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woMen’s wing
cOMMItted tO cSr

health Camps

CREDAI-MChI Women’s Wing organised various health camps for construction workers in collaboration
with the Vasantha Memorial Trust, with the goal of raising awareness among construction workers about
the importance of living a healthy and tobacco-free lifestyle� A series of cancer health camps were held
at various construction sites of Kalpataru, these took place on 19th October 2021, 22nd February, 26th
April and 14th June 2022� Ms Mona Ajmera, hon’ble Chairperson, CREDAI-MChI Women’s Wing, who
attended the camp, recognised and appreciated Dr Jayalaxmi and Dr Gunjan Thaker’s team from The
Dental Studio�

Women’s Wing also conducted a Cancer
Awareness health Camp, in association with
Maharashtra Labour Welfare board and Vasantha
Memorial Trust, on 5th August 2022, at AJMERA
SIKOVA to commemorate Azadi ka Amrit
Mahotsav to mark 75 years of Independence� Ms
Mona Ajmera, hon’ble Chairperson, CREDAI-
MChI Women’s Wing, who was present at the
camp, acknowledged and appreciated the efforts
of Shri Nitin patil, Assistant Commissioner, Smt
Sakshi, Asst� Officer from Maharashtra Labour
Welfare board, Smt Jayalakshmi Krishnan from
Vasantha Memorial Trust, and Smt Subadra
Dhumal gave a yoga demonstration�

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Grant of Education
scholarship

CREDAI-MCHI Women’s Wing held zoom
interviews on 8th October and 11th, 2021,
for students pursuing architecture and civil
engineering for the academic year 2021-22 at
Anjuman-i-Islam Kalsekar Technical Campus,
Baliram Hiray College, CTES College,
M.H. Saboo Siddik College of Engineering,
and Thakur College of Engineering and

Technology. 25 students received education
scholarships for the academic year 2021-22.

Likewise, on 12th July, 21st July and 6th
August, they conducted student interviews
for the academic year 2022-23, where 28
students were shortlisted from Thakur College
of Engineering and Technology, A. P. Shah
Institute of Technology, Datta Meghe College
of Engineering and Anjuman-i-Islam’s Kalsekar
Technical Campus among others.

Unlocking Potential an Interactive Session with Students

On 15th February 2022, the Women’s Wing also hosted an interactive session with students who have
been awarded scholarships at the CREDAI-MCHI office. Shri Kaizad Hateria of Rustomjee Developers
took the stage, connected and interacted with the students and members. His talks kept the students
actively engrossed while he shared the recipe for success with them. Students and Members walked
on broken glass and proved that nothing is impossible.

Ujjwal - Brighter Tomorrow - Site tour for students

CREDAI-MCHI Women’s Wing has taken another step forward with their new initiative, ‘Ujjwal -
Brighter Tomorrow’, for students who receive scholarships each year. Students from Civil Engineering

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and Architecture were given a tour of Hubtown-25 South in Prabhadevi on 19th March 2022. Likewise,
students of Civil Engineering and Architecture from CTES College and Thakur College were taken on a
site tour at Marathon Group and Adani Realty site at Monte South at Byculla on 7th May 2022.

Labour Registration

On 5th April 2022, the CREDAI-MCHI Women’s Wing and the Maharashtra Building and Other
Construction Workers Welfare Board (MBOCWWB), Mumbai, distributed 32 registration cards to
construction workers at Ajmera i-Land. The first of its kind initiative by the Women’s Wing, the event
witnessed Shri C. Srirangam, Former Secretary and Chief Executive Officer of the MBOCWWB, as the
chief guest, while the Guests of Honour were Smt Nilambari Bhosale, Deputy Commissioner of Labor,
and Smt Rajashri Patil, Assistant Labor Commissioner (City).

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On 24th June, the Women’s Wing and MBOCWWB distributed 152 registration cards to construction
workers at the Rustomjee Crown in Prabhadevi. While Smt Shirin Lokhande, MBOCWWB’s Additional
Commissioner of Labour, Mumbai Suburban, was the chief guest at the event, Shri Satish Totawar, Shri
Mahesh Patil, Shri P. B. Kawale, Assistant Commissioner of Labour Sub Mumbai, Smt Prerna Mohane,
Government Labor Officer, Shri Boman Irani, President CREDAI-MCHI, and Shri Dhaval Ajmera,
Secretary CREDAI-MCHI were the guests of honour.

On 11th August 2022, the Women’s Wing and MBOCWWB distributed 66 registration cards to
construction workers at the Ajmera Arham site in Malad. The session concluded with the national
anthem song to commemorate 75 years of independence.

Opening of Jan Dhan
Account of labors through
Nationalised Bank

Another initiative of CREDAI-MCHI Women’s
Wing MCHI Jan dhan accounts were opened
and passbooks were distributed under the
Labor Registration initiative of CREDAI-MCHI
Women’s Wing MCHI
• Bank of Baroda Dosti North project , Mumbra. - 74 labors
• SBI Bank - Hubtown-25 South, Prabhadevi -12 labors

Workshops & Seminars

The Women’s Wing hosted a virtual workshop for all members on
28th June, 2022. Titled ‘Discover the Stories Your Shadow Holds’,
it featured Ms Ruma Biswas, a coach who leads an Asia-wide
team of coaches that work with top business leaders. There were
21 people who participated in this workshop.

On 26th July 2022, CREDAI-MCHI Women’s Wing conducted a
seminar on cardiopulmonary resuscitation under the auspices
of the Jamsetji Tata Ambulance College run by the Bombay City
Ambulance Corps on 26th July 2022 at the CREDAI-MCHI office.

The session was conducted by Shri Ramesh Lad, an Honorary Officer Commanding at the Bombay City
Ambulance Corps.

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Events

The CREDAI-MCHI Women’s Wing also takes the
time out to celebrate special days like they did on
8th March 2022, which is celebrated as International
Women’s Day. Members of the Women’s Wing
extended a warm welcome to the ladies staff of
CREDAI-MCHI, which was followed by a session of
antakshari, lunch and a surprise gift. The CREDAI-
MCHI staff, in turn, also thanked the entire Women’s
Wing led by Ms Mona Ajmera-Chairperson, Ms Sejal

Goradia-Vice Chairperson, Ms Alka Doshi-Treasurer,
Ms Jesal Shah-Secretary, Ms Falguni Shah, Anuradha
Shah, Sonal Shah and Richa Shah for a memorable
Women’s Day!
On 22nd April 2022, the Women’s Wing hosted an
interactive session at The Club Mumbai with Ms
Swaroop Sampat Rawal, actress and former Miss India
winner who represented the country at Miss Universe.

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LEGAL UPDATES

CREDAI-MCHI in its efforts to continue providing its members, proper information & guidance by taking
up the issues faced by them and mitigating before the authorities in Hon’ble High Court & Hon’ble
Supreme Court, always is on the upper hand. No stone is left unturned in achieving the task taken by
CREDAI-MCHI. As legal matters are concerned, they need vigorous follow-up at all levels for desired
results. You will appreciate that in order to do regular follow-up and our personal efforts on various
cases that are pending in Courts and the result is positive with constant follow-up. It is believed that
constant efforts would be in vain if there is no strong support from our members, the strength of
CREDAI-MCHI lies in its members’ participation & contribution. It is to apprise and assure all members
that the amount collected under the Legal fund are ring-fenced in the Legal Fund Account.

1) Sanjay Gandhi National Park (SGNP) ESZ MATTER:

a. The Interim Application is being filed by CREDAI-MCHI before the Hon’ble Supreme Court seeking
clarification of the order dated 03.06.2022 passed by the Hon’ble Supreme Court.


Supreme Court in W.P. (C) No.202 of 1995 insofar as it relates to the declaration of an Eco Sensitive

Zone around the Sanjay Gandhi National Park, Maharashtra of a minimum 1 KM.

On 1 September 2022, the matter was mentioned along with the IA of MCHI before CJI Mr. Lalit. The

CJI accordingly has passed an order on the administrative side constituting the green bench to list
the matter.

Accordingly, Green bench was constituted comprising Justice B R Gavai, Surya Kant and Pardiwala
and post the matter for hearing on 23rd September 2022.

2) READY RECKONER MATTER:

CREDAI-MCHI filed the Writ Petition 8691 of 2021 in the Hon’ble High Court. We have filed the present
Petition under Article 226 of the Constitution of India to challenge the land rates as contained in the
Annual Statement of Rates (i.e. ASR) (Land Rates) commonly known as Ready Reckoner Rates (i.e. RR
Rates) which purport to depict the fair value of land in the Mumbai region for the period of September
12, 2020, to March 31, 2021 (RR Rates for 20-21) as they have been arrived at in such a manner and
contrary to and/or ultra vires the law, arbitrary, illegal, vague, unreasonable, unfair and against the
public interest.

On 22nd June 2021, the matter was listed before the Hon’ble High Court. Mr. Girish Godbole alongwith
DSK Legal appeared for the Petitioner.

The Respondent (State) filed a reply on 22nd June 2021. Our Counsel Mr. Girish Godbole has asked time
to file the rejoinder in the matter.

The rejoinder was filed in the Hon’ble High Court on 27th September 2021.

The matter was listed on 26th April 2022 and it was adjourned for 21 June 2022.

{73}

The matter got listed again on 2 Aug 2022, and the State had sought time to file their reply to the MCHI
amendment.
The matter was placed on 13th September 2022 when State filed their detailed affidavit in reply, and
MCHI was requested to file a rejoinder. Next date for the hearing is listed on 21 Nov 2022.

3) L.U.C. MATTER:

CMDWA had filed Writ Petition No.2375 of 2016 in Mumbai High Court inter alia challenging the factors
and categories of users of buildings or land, fixation of Capital Value Rules 2010 as well as factors and
categories of users of buildings or land and Fixation of Capital Value Rules 2015 viz. Rules 20, 21, and
22 related to fixing the capital value of open lands and lands under construction.
By the impugned Order dated 24th April 2019, the Hon’ble Bombay High Court upheld the constitutional
validity of the amendments and the CVR 2015, except Rules 20, 21, and 22 of CVR 2010 and CVR
2015, which were held to be ultra vires. The MCGM has challenged the Impugned Order by way of SLP
NO.17009 of 2019 inter alia to the extent that Rules 20, 21, and 22 of CVR 2010 and CVR 2015 were
held to be ultra vires and unconstitutional.
CMDWA has filed an Intervention/Implement Application IA No.157014 of 2019 supporting the findings
of the Hon’ble Bombay High Court striking down Rules 20, 21, and 22 of CVR 2010 and CVR 2015 as
being ultra vires and unconstitutional.
CREDAI MCHI has supported Central Developers Welfare Association (CDWA) in their final hearing by
appointing the best Counsel Mr Darius Khhambara, Mr Kunal Vajani and Mr Chirag Shroff, in order to
get the desired results.
Senior Counsel Mr Darius Khambata argued on behalf of CMDWA in the Hon’ble Supreme Court. Senior
Counsel Mr Darius Khambata also filed a revised and consolidated final submission on 12th August
2021 in the Hon’ble Supreme Court. The matter is now reserved for an Order.

{74}

Managing Committee Member’s
Attendance

During the year April 2021 to March 2022
8 Managing Committee Meetings have taken place.

Sr. No. Name No of Meetings
Attended
1 Mr. Deepak Goradia 7
2 Mr. Boman R. Irani 8
3 Mr. Harish Patel 5
4 Mr. Nainesh Shah 6
5 Mr. Domnic Romell 8
6 Mr. Bandish Ajmera 7
7 Mr. Sukhraj Nahar
8 Mr. Jayesh Shah 5
9 Mr. Ajay Ashar 7
10 Mr. Pritam Chivukula 6
11 Mr. Munish Doshi 7
12 Mr. Parag Munot 4
13 Mr. Sandeep Raheja 1
14 Mr. Navin Makhija 0
2
15 Mr. Rasesh Kanakia (Out of 6 meetings)
16 Mr. Shahid Balwa 0
17 Mr. Subodh Runwal 4
18 Mr. Shailesh G. Puranik 0
19 Mr. Dhaval Ajmera 8
20 Mr. Pratik Patel 8
21 Mr. Mukesh Patel 4
22 Mr. Tejas Vyas 5
23 Mr. Nayan Bheda 5
0
24 Mr. Raajesh Prajapati (Out of 6 meetings)
25 Dr. Harshul Savla 7
26 Mr. Gautam Ahuja 6
27 Mr. Deepak Gundecha 4
4

{75}

CREDAI-MCHI MEMBERSHIP STRENGTH

Membership April 2021 to March 2022
Corporate Members 59
Patron Members 148
Life Members 188
Ordinary Members 4
Primary Member 17
Elementary Member - Corporate 2
Enterprise Member 13
Associate Members 138
MahaRERA Membership 1181
Total Members
1750

CREDAI-MCHI Units Patron Membership Corporate
= 715 Members (Life Time) Membership (Valid

for 10 years)

Enterprise Associate
Membership (Valid Membership (Validity

for 3 years) correspondence to
it’s main category)

{76}

Auditor’s Report

2021-22

{77}

REPORT OF AN AUDITOR RELATING TO ACCOUNTS AUDITED UNDER SUB-
SECTION (2) OF SECTION 33 & 34 AND RULE 19 OF
THE BOMBAY PUBLIC TRUSTS ACT.

--------------------------------------------------------------------------------------------------------------

Registration No. : F-8096 (Mumbai)

Name of the Public Trust : Maharashtra Chamber of Housing Industry

For the year ending : 31st March, 2022

(a) Whether accounts are maintained regularly and in Yes
accordance with the provisions of the Act and the
rules;

(b) Whether receipts and disbursements are properly and Yes
correctly shown in the accounts ;

(c) Whether the cash balance and vouchers in the custody Yes
of the manager or trustee on the date of audit were in
agreement with the accounts ;

(d) Whether all books, deeds, accounts, vouchers or other Yes
documents or records required by the auditor were
produced before him ;

(e) Whether a register of movable and immovable No
properties is properly maintained, the changes therein
are communicated from time to time to the regional
office, and the defects and inaccuracies mentioned in
the previous audit report have been duly complied
with ;

(f) Whether the manager or trustee or any other person Yes
required by the auditor to appear before him did so
and furnished the necessary information required by
him ;

(g) Whether any property or funds of the Trust were No
applied for any object or purpose other than the object
or purpose of the Trust ;

(h) The amounts of outstanding for more than one year Rs. 351,000/-
and the amounts written off, if any ; (Written Off )

{78}

(i) Whether tenders were invited for repairs or N.A.
construction involving expenditure exceeding Rs. No
5,000/- ; No

(j) Whether any money of the public trust has been No
invested contrary to the provisions of Section 35 ;
Yes
(k) Alienations, if any, of the immovable property Yes
contrary to the provisions of Section 36 which have Yes
come to the notice of the auditor ; Yes
No
(l) All cases of irregular, illegal or improper expenditure, No
or failure or omission to recover monies or other Refer NoYteessto Accounts
property belonging to the public trust or of loss or Refer Notes to Accounts
waste of money or other property thereof, and whether
such expenditure, failure, omission, loss or waste was
caused in consequence of breach of trust or
misapplication or any other misconduct on the part of
the trustees or any other person while in the
management of the trust ;

(m) Whether the budget has been filed in the form
provided by rule 16A ;

(n) Whether the maximum and minimum number of the
trustees is maintained ;

(o) Whether the meetings are held regularly as provided
in such instrument ;

(p) Whether the minute books of the proceedings of the
meeting is maintained;

(q) Whether any of the trustees has any interest in the
investment of the trust ;

(r) Whether any of the trustees is a debtor or creditor of
the trust ;

(s) Whether the irregularities pointed out by the auditors
(t) cianAAnuoesnmdcstyeihitpssestl;spaiaeanerdccytciCaowtlhuoianmthrtbisatrtybitoneyCfrgottwhhmtoeehmicpttirhhrsueesstvihtoieneoneouesatsriucd;dyeuietroaoirnrfgmhtahatvheyeetDhbpieeeneprknuiotfyddituooolyfrr
(t) Any special matter which the auditor may think fit or

necessary to bring to the notice of the Deputy or
Assistant Charity Commissioner ;

Place : Mumbai For J. H & Co.
Date : 15/09/22 Chartered Accountants
FRN NO.: 115320W

FCohraSrJtde./rH-ed&ACccoo. untants
(FJRANTNINO.:L1.1S5H32A0HW)
MP.arSNtdno/e.-r: 046320

{79} (JATIN L. SHAH)
Partner
M. No. : 046320

The Bombay Public Trusts Act, 1950

Registration No.F-8096 (Mumbai)

Name of the Public Trust : MAHARASHTRA CHAMBER OF HOUSING INDUSTRY

Balance Sheet as on : 31st March, 2022

31.03.2021 FUNDS & LIABILITIES 31.03.2022 31.03.2022 31.03.2021 PROPERTY AND ASSETS 31.03.2022 31.03.2022
(Rs.) (Rs.) (Rs.) (Rs.) (Rs.) (Rs.)

148,531,762 Corpus Fund 148,531,762 148,531,762 14,081,675 Fixed Assets : 12,655,125 12,087,764
- Add: Addition during the year - Balance as per last Balance Sheet 953,857
90,159,152 82,627 Add : Addition during the year 1,822 223,715,314
148,531,762 - Less: Deductions during the year
1,519,396 1,917,669
84,892,127 Earmarked Fund (Schedule - I) 14,164,302 Less : Depreciation (Schedule- V) 22,282,672
1,509,177 201,588,208
22,127,106 6,012,881
Current Liabilities 12,655,125 Investments : -
194,107,702 Fixed Deposits with HDFC Ltd.
914,537 Deposits & Advances Received (As per 972,137 Opening Balance
Schedule- II) 174,140
892,911
221,774 Sundry Creditors (As per Schedule- 7,480,506 Add: Additions / Interest during the year
III) 23,004,558
12,533,920
684,678 Other Current liabilities (As per 2,039,188 - Less: Deductions during the year
Schedule - IV) - 35,538,479

1,820,989 201,588,208 Closing Balance of fixed deposits

{80} Income & Expenditure Account :

18,853,902 Balance as per last Balance Sheet Current Assets, Loans & Advances

4,150,657 Add: Surplus as per Income & Exp. A/c 2,321,759 a) Sundry Debtors (As per Schedule - VI)

- Less: Deficit as per Income & Exp. A/c 32,044,738 b) Loans, Advances & Deposits (As per
Schedule VII)

23,004,558 5,372,605 c) Other current assets (As per Schedule - VIII)

4,267,002 d) Cash & Bank Balances (As per Schedule 10,252,281
276,268,581
258,249,437 TOTAL 276,268,581 258,249,437 TOTAL

As per our report of even date

For, J. H & Co. For Maharashtra Chamber of Housing Industry
Chartered Accountants
FRN No. 115320W Sd/- Sd/-
President Hon.Secretary
Sd/-
JATIN L. SHAH Place : Mumbai
Partner Date: 15.09.2022
M No. 046320
Place : Mumbai
Date: 15.09.2022

The Bombay Public Trusts Act, 1950
Registration No.F-8096(Mumbai)

Name of the Public Trust : MAHARASHTRA CHAMBER OF HOUSING INDUSTRY
Income and Expenditure Account for the year ending 31st March, 2022

31.03.2021 EXPENDITURE 31.03.2022 31.03.2021 INCOME 31.03.2022
(Rs.) (Rs.) (Rs.) (Rs.)

To Establishment Expenses : 13,468,658 By Membership Income (Schedule- X) 25,524,904
Surplus / (Deficit) from Events & Other (378,877)
10,145,968 Salary 14,301,821 269,307 Activities (Schedule- XI) -
376,250
1,885,645 Retainer Fees (PR agency) 2,493,286 1,250,000 Other Contribution by Real estate developers
12,153,020
3,256,960 Professional Fees 2,476,590 223,000 Income from membership share (Other 188,430
13,816,738 CREDAI units) 233,698
1,509,177 Depreciation (Schedule- V) 1,519,396 Interest on Fixed Deposit 213
720,400 96,211
771,400 Membership Fees 674,466 - Interest on Income Tax Refund 38,097,638
447,700 Reimbursement of Expenses
834,941 Society Maintenance 35,998 1,401 Miscellaneous Income
313,830 Electricity Charges 400,217
{81} Sundry Balances W/off 348,000
250 Annual Maintenance Charges 248,826
791,939 Website Maintenance Charges 208,122
348,000 Gifts & Articles 205,930
Software Expenses 170,001
- Travelling & Conveyance 161,550
126,600 Video and Tele Conferencing Expenses 160,000
264,311 Repairs & Maintenance 128,547
797,266 Support Charges 120,000
Printing & Stationery 92,561
- Creative Design Charges 75,360
320,000 Office Cleaning Expenses 75,131
387,298 General Office Expenses 74,827
Meeting / Conferences 66,765
- Catering & Food Charges 55,208
94,504 Staff Welfare Expenses 50,000
87,131 Telephone Charges 41,088
53,254 Audit Fees 27,926
Festival Expenses 27,050
- Internet Subscription Charges 28,364
61,045 Advertisement & Promotional Expenses 128,588
46,741 Statutory Payments (Schedule- XII)
75,000 Other office expenses (Schedule- XIII) 12,533,921
96,681 Net Surplus over to Balance Sheet
146,927 38,097,638
2,403,025
34,569
122,198
4,150,657

29,125,315 TOTAL 29,125,315 TOTAL
For Maharashtra Chamber of Housing Industry
As per our report of even date

For, J. H & Co.
Chartered Accountants
FRN No. 115320W

Sd/- Sd/- Sd/-
President Hon.Secretary
JATIN L. SHAH
Partner Place : Mumbai
M No. 046320 Date: 15.09.2022
Place : Mumbai
Date: 15.09.2022

Maharashtra Chamber of Housing Industry Schedule - I
Schedule forming part of Balance Sheet as on 31st March 2022.

Earmarked Fund

Sr. 31.03.2021 Particulars 31.03.2022 31.03.2022
No (Rs.)
(Rs.) (Rs.)

I. Building and Research Fund 72,300,000
72,300,000 Balance as per Last Balancesheet -
- (+) Addition during the year -
- (-) Utilization during the year
72,300,000 Closing balance 72,300,000
16,008,214
II. MCHI Legal Fund Acccount 10,820,839
16,770,641 Balance as per Last Balance sheet 19,538,644 709,738
12,609,142 (+) Collections during the year 14,351,269 96,000
18,558,944 (-) Utilization during the year
10,820,839 Closing balance 187,000
550,000
III. Covid-19 Relief Fund 709,288 308,200
- Balance as per Last Balancesheet
- -
(+) Transferred from contribution towards construction of 90,159,152
11,026,388 homes (Burungwadi) 516,350
515,900
1,483,200 (+) Collections during the year
11,800,300 (-) Utilization during the year

709,288 Closing balance

IV. Contribution towards Site Workers 12,000
- Balance as per Last Balancesheet 84,000

12,000 (+) Collections during the year -
- (-) Utilization during the year

12,000 Closing balance

V. Education Scholarship Fund 500,000
- Balance as per Last Balancesheet 417,000
730,000
500,000 (+) Collections during the year
- (-) Utilization during the year

500,000 Closing balance

VI. MCHI Earmarked Fund (General) 550,000
- Balance as per Last Balancesheet 100,000
100,000
1,550,000 (+) Collections during the year
1,000,000 (-) Utilization during the year

550,000 Closing balance

VII. Children Education, Health & Recreation Fund -
- Balance as per Last Balancesheet 325,000
- (+) Collections during the year
- (-) Utilization during the year 16,800
- Closing balance

VIII. MCHI Health Care Fund

- Balance as per Last Balancesheet -
317,414
- (+) Collections during the year 317,414

- (-) Utilization during the year

- Closing balance

IX. 84,892,127 Total Earmarked Fund closing balance ( I + II + III + IV + V
+ VI + VII + VIII )

{82}

Maharashtra Chamber of Housing Industry
Schedules forming part of Balance Sheet as on 31st March 2022.

Schedule - II
Deposits & Advances Received as on 31st March, 2022

Sr. Name Amount (Rs.)
No
400,000
A. Deposits : 400,000

1 Chandralalchand Karani 12,500

2 Damayanti L. Karani 4,237

Sanghvi Premises Pvt Ltd CM 18 2,500
12,900
Larsen & Toubro Limited -Realty Division 832,137

PMC 51

Hubtown Ltd [ PM - C- 3]

Others

Sub total (A)

B. Advances :

1 Advances received for MahaRERA project 140,000
registration 140,000
972,137
Sub total (B)

Total ( A + B )

Schedule - III

Sundry Creditors as on 31st March, 2022

Sr. Name Sub Total
No
35,046
1 Softline Services India Private Limited 24,955
22,469
2 TLG India Pvt Ltd 20,363
15,576
3 Apsara Copy Centre 15,489
13,120
4 Vodafone Idea Limited
8,000
5 Apana Services 5,088

6 Welcare Facilities Management Services 4,770

7 Blueprint 3,598
2,520
8 Mangesh Kadam & Associates
900
9 Matrix Bricks Infotech Private Limited 702
630
10 Jai Ambaji Management Consultancy 410
Services 198
180
11 Active Stationers And Printers 126
174,140
12 Smart Consulting Services

13 Emerging Media

14 Harishchandra Gupta

15 V S Computers

16 Matribhasha Multimedia Solutions

17 Bharti Airtel Limited

18 I R Management Solutions

19 Blue Bird Mail Services

Total

Schedule - IV

Other Liabilities & Provisions as on 31st March, 2022

Sr. Name Sub Total
No
1 TDS 368,010
2 GST 499,327
3 Provident Fund
4 Profession Tax 25,774
(200)
Total
892,911

{83}

Maharashtra Chamber of Housing Industry

Schedule forming part of Balance Sheet as on 31st March 2022

(Accounting year 2021-2022)

FIXED ASSETS SCHEDULE FOR THE YEAR 31.03.2022 Schedule "V"
( Amounts in Rs. )

GROSS BLOCK Depreciation* * Balance

SR N ame of the Asset Rate of Op. Balance Additions Sale during WDV

N O. Dep. (%) as on 01.04.21 Upto 02.10.21 After 02.10.21 the year as on 31.03.2022 Full Year Half Year Total as on 31.03.22

1 Furniture & Fixtures 10% 472,821 - - - 472,821 47,282 - 47,282 425,539

2 Office Premises 10% 11,387,009 - - - 11,387,009 1,138,701 - 1,138,701 10,248,308

Sub Total 10% 11,859,830 - - - 11,859,830 1,185,983 - 1,185,983 10,673,847

3 Air conditioner 15% 149,213 218,267 115,310 - 482,790 55,122 8,648 63,770 419,020

4 CCTV Camera 15% - - 42,395 - 42,395 0 3,180 3,180 39,215

5 Fire Extinguisher 15% 5,731 - - - 5,731 860 - 860 4,871

6 Attendance System 15% 4,685 - - - 4,685 703 - 703 3,982

7 Office Equipments 15% 148,014 - - - 148,014 22,202 - 22,202 125,812

8 Telephone 15% 4,787 - - - 4,787 718 - 718 4,069

9 EPABX Telephone 15% 82,998 - - - 82,998 12,450 - 12,450 70,548

10 Fire Fighting System 15% 45,036 - - - 45,036 6,755 - 6,755 38,281

11 Sound System 15% 133,577 - - - 133,577 20,038 - 20,038 113,539

{84} 12 UPS-Battery Back up Machine 15% 6,220 - - - 6,220 933 - 933 5,287

13 LG LED 4K HDR Television 15% 28,308 - 13,200 - 41,508 4,246 990 5,236 36,272

14 USB Camera 15% 112,500 - 112,500 0 8,438 8,438 104,062

15 Wireless Misc Set 15% 20,500 - 20,500 0 1,538 1,538 18,962

Sub Total 15% 608,569 218,267 303,905 - 1,130,741 124,027 22,794 146,821 983,920

16 Computers 40% 74,599 37,288 - 1,822 110,065 44,026 - 44,026 66,039

17 Computer Accessories 40% 608 - - - 608 243 - 243 365

18 Software of Smart Card Reader 40% 649 - - - 649 260 - 260 389

19 Printers 40% 28,911 - - - 28,911 11,564 - 11,564 17,347

20 Softwares 40% 43,200 53,250 61,147 - 157,597 38,580 12,229 50,809 106,788

Sub Total 40% 147,967 90,538 61,147 1,822 297,830 94,673 12,229 106,902 190,928

21 Website Development 25% 38,759 - - - 38,759 9,690 - 9,690 29,069

22 Mobile and CMS Application 25% 280,000 - - 280,000 70,000 - 70,000 210,000

Sub Total 25% 38,759 280,000 0 0 318,759 79,690 - 79,690 239,069

T OT AL 12,655,125.14 588,805 365,052 1,822 13,607,160 1,484,373 35,023 1,519,396 12,087,764
Full year
N otes :- Half year
* * Depreciation for Purchase of New Asset :
For more than 180 days
For less than 180 days

MAHARASHTRA CHAMBER OF HOUSING INDUSTRY
Schedule forming part of Balance Sheet as on 31st March 2022.

Sundry Debtors as on 31st March, 2022 Schedule -VI

Sr. No. Party's Name Amount (Rs.)
1,305,000
1 Sai Estate Consultants Chembur Pvt Ltd. 203,250
2 Nirmal Lifestyle Limited PM- 10 236,000
3 Nirmal Lifestyle Limited 90,000
4 Aluplex India Pvt. Ltd. 26,250
5 Suvidha Lifespaces (M Realty) PMC-94 16,000
6 MCHI TRUST 12,000
7 Kalpataru Properties Pvt.Ltd. [PM -C - 2] 10,169
8 Classic Marble Company Private Limited 4,500
9 Mr. Dharmesh Jain [PM 10] 4,500
10 Nirmal Developers (LM-C 107) 4,500
11 Nirmal Lifestyle (Kalyan) Pvt. Ltd (LM-C 109 ) 4,500
12 Nirmal Lifestyle Limited LM- C - 108 1,000
13 Acme Housing India Pvt. Ltd. LMC 196 1,917,669

Total Rs.

Schedule - VII
Loans, Advances and Deposits as on 31st March, 2022

Sr. No PARTICULARS Sub Total
1
Loans, Advances and Deposits 6,801,254
TDS Credits 1,143,228
TDS credit prior to F.Y. 2021-22
TDS Credit - F.Y. 2021-22 7,681
TDS Credit c/f to next years

3 GST ITC 38,511
GST Input Tax Credit Receivable 28,552
GST Input Reversal (To be claimed)

3 Deposits with: 29,072
MTNL 78,040
BEST Undertaking
Others 5,000

4 Loan and Advances: 14,036,643
MCHI Trust 114,692
Others
22,282,672
Total (A+B)

Schedule - VIII

Other Current Assets as on 31st March, 2022

Sr. No. PARTICULARS AMOUNT (RS.)

A Accrued Interest on FD 5,598,271

B TDS paid on unpaid expenses 22,500
16,500
1 Prasad K Dhakephalkar
2 Prabodhan Prakashan Pvt. Ltd. 7,000
3 Birendra Saraf 4,526
4 Unique Leather Corporation 2,550
5 Vishal Kanade 2,200
6 Ranjeev P Carvalho

C Recoverable from parties 358,578
1 Hitech Events 756
2 M/S IIRIS

Total Rs. 6,012,881

Sr. No Cash & Bank Balances Schedule - IX
PARTICULARS
1 Sub Total
2 Indian Overseas Bank (A/c No.7219)
3 Indian Overseas Bank (A/c No.7222) 125,312
4 Indian Overseas Bank (A/c No.7223) 610,120
5 Indian Overseas Bank (A/c No.7685) 6,725,246
6 Indian Overseas Bank (A/c No.7789) 413,406
7 HDFC Bank 50200056572719 (MCHI) 1,853,247
8 State Bank Of India 40035402533 482,635
Cash in Hand
18,734
Total 23,581
10,252,281

{85}

MAHARASHTRA CHAMBER OF HOUSING INDUSTRY
Schedules forming part of Income & Expenditure account for the year ending
31st March, 2022

Schedule X: Membership Income

Particluars Amount (Rs.)
Membership Renewal Fee 6,605,000
MahaRera Membership Fees 2,915,000
Patron Membership Corporate 6,416,000
Corporate Membership 2,014,000
Primary Membership 866,000
Institutional Membership Fees 4,200,000
Enterprise Membership 1,255,000
Associate Membership 520,000
Professional Membership 100,000
Transfer Fee 600,000
Women's Wing membership renewal 33,904

TOTAL 25,524,904

Schedule XI: Surplus / (Deficit) from Events & Other Activities

PARTICULARS AMOUNT (RS.)

INCOME 1,900,000
Participation Charges

Delegate Fee 238,952

Brand Promotion Charges 200,000

Other Knowledge Series Income 424

Sub-Total (A) 2,339,376

EXPENDITURES 960,000
Event Management & Setup Expenses 561,777
Banquet Hall Booking & Catering Charges 351,000
Bad Debts written off 200,000
Creative Design Charges 183,570
Industry Promotion and Development Charges
Photography and Video Shooting Expenses 86,500
Trophies Purchased 66,533
Staff Welfare Expenses 53,290
Ineligible GST 51,034
Accomadation & Stay Charges 41,090
Hire Charges 36,000
Printing & Stationery 31,160
Travelling & Conveyance 32,399
Other Event Expenses 63,900
2,718,253
Sub-Total (B)
(378,877)
Surplus / (Deficit) from Event & other Activities (A-B)
Amount (Rs.)
Schedule XII: Statutory Charges (Taxation) 3,193
2,058
Ineligible GST ITC Particulars
Interest on GST Total 22,913
Interest on TDS 200
Other charges
28,364

Schedule XIII: Other Office Expenses

Particulars Amount (Rs.)
31,461
Translation Charges 29,927
Computer Expenses
18,992
Postage & Courier 12,407
Office Premises Insurance Expenses
Business Attire Expenses 9,156
Payment Gateway Charges 7,500
Photography and Video Shooting Expenses 6,000
Bank Charges 5,854

Other Expenses 7,292

Total 128,588

{86}

NOTES TO ACCOUNTS FOR THE YEAR ENDED 31st MARCH, 2022

(1) SIGNIFICANT ACCOUNTING POLICIES

(a) Method of Accounting:
Accounts are maintained on cash basis in respect of Membership and Event
activities. In respect of Interest on fixed deposits, transactions are recorded on
accrual basis.

(b) Fixed Assets and Depreciation:
(a) Fixed Assets are stated at Written Down Value as per the provisions of the
Income Tax Act, 1961.
(b) Depreciation is provided on fixed assets on written down value method as per
the rate prescribed in Income Tax Rules, 1962.

(c) Investments:
Investments in Fixed Deposits are stated at principal value of fixed deposits.

(2) Membership Fees, Surplus from Event activities & Interest income (on Fixed Deposit &
Income Tax Refund ) are credited to Income & Expenditure Account.

(3) Amount collected towards contribution to legal expenses are credited to Earmarked Fund
under the head ‘MCHI Legal Fund A/c’.

(4) Previous year’s figures have been regrouped wherever necessary.

As per our Report of even date

For J. H & Co. , For Maharashtra Chamber of Housing Industry
Chartered Accountants
FRN NO.: 115320W

JATIN L. SHAH Sd/- Sd/-
Partner President Hon. Secretary
M. No. : 046320

Place: Mumbai
Date: 15.09.2022

{87}

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CREATING A SUSTAINABLE MUMBAI

The aftermath of Covid-19 pandemic has brought to the fore the urgency of a holistic and balanced living environment for every Mumbaikar. With the
Mumbai Metropolitan Region (MMR) encompassing 6328 square kilometers and sustaining a population of over 27 million, this buzzing island city
urgently needs to employ innovative and sustainable techniques to meet its development goals through renewable energy sources and a circular
activity cycle to minimize the environmental degradation.

The need for sustainable development is reflected in the BMC budget for 2022-23 which has focused on new projects aiming towards Net Zero
(zero emission of greenhouse gas), proposed setting up 128 sensor based systems to check air quality within 4 sq kms, installing EV charging stations
specifically in 30 of its public parking lots, developing an city-level solid waste management plan to decentralize activity at ward level, proposed
running cemeteries on piped natural gas and using eco-friendly wood for cremation, target of planting of 4 lakh Miyawaki trees for urban greenery,
allocation of 5 crore rupees for renewable energy initiatives, expectation of getting 100 MW clean energy from hydro and solar power plants at Middle
Vaitarna dam; among others was enthused over by the environmentalists as well! Furthermore, in 2021 BMC launched the first ever Mumbai Climate
Action Plan (MCAP) to strategize the challenges of climate change. A climate cell within the BMC and use of its existing IT infrastructure for data
collection and analyses has been proposed to promote coordination with various departments to implement the MCAP. Other initiatives undertaken by
the BMC to reduce the city’s carbon footprint include converting 50% of the BEST vehicles to electric by 2023 and 100% by 2028, installing multiple EV
charging stations, developing a city-level solid waste management plan to decentralize the activity at ward level, instituting a biodiversity management
committee to promote green cover in vulnerable areas and a one-of-a-kind interactive biodiversity map (which highlights the native flora and fauna
native to Mumbai!), encouraging rainwater harvesting to curtail runoff and revive groundwater harvesting through its Majhi Vasundhara campaign,
proposing underground water holding tanks in five major flood prone spots to mitigate water logging, installing trash-booms to avoid floating garbage
from carrying into the sea, the Mithi river clean-up project, proposed desalination plant to supplement the increasing water demands of the city, and
over 5000 rainwater harvesting pits in the city.

These goals are in perfect consonance with the PM Gati Shakti plan, which aims to create a massive integrated multi modal transportation
infrastructure for sustainable development and create employment opportunities and economic growth.

Listed below are some green measures to meet development goals for the city while minimizing environmental degradation, which can be
considered for incorporating within the Development Plan (DP) 2034 blueprint.
1. Equitable Resource Management: An egalitarian solution involves equitable access to natural resources for all strata of population. While

the Dharavi model brought to fore the innovative and indefatigable spirit of Mumbaikars, it also highlighted the need for access to healthcare,
education, sanitation, potable water, and hygienic living conditions to the most economically disadvantaged strata. With an astounding 60 percent
of the city’s population inhabiting slums only a bottom up approach will give resounding economic benefits to the entire population.
2. Defusing high-density populated areas of MMR by opening up the largely underdeveloped and sparsely populated inland areas through multimodal
transport corridors to create opportunities for redevelopment and bring sustainable and equitable urban growth to the entire region.
3. Renewable Energy: Micro Wind Turbines can be installed atop residential and commercial complexes to generate a few hundred watts of energy
each. A collective installation and storing of such energy can result in large energy banks. Solar Energy can be similarly harnessed at rooftops of
individual building complexes through a modular battery system to create energy banks to power common facilities of each complex. Novel energy
sources where heat is recovered from gas emissions in production facilities that can be converted into electrical energy through a combined use
of moving bed heat exchange technology (MBHE) and organic Rankine cycle (ORC) process can be examined.
4. Water Management: Extensive rainwater harvesting practices to revive groundwater levels, creating catchment areas, regular maintenance of
water supply pipes to avoid leakages, effective wastewater management techniques to recycle reused water for landscaping and flushing, are
some measures to conserve water.
5. Self-sustaining Neighborhoods: Self-sustaining local communities which require less mobility to access food, healthcare, education, recreational,
and commercial facilities will provide a healthier lifestyle, sustain local businesses, offer employment opportunities for local population and
reduce the carbon footprint associated with transportation. Involving local residents in the development of their neighborhood will also foster a
strong sense of community and civic responsibilities.
6. Green Spaces: Explore the options for creating contiguous green spaces by utilizing existing parks, gardens and open spaces to create landscaped
walkways, bicycle tracks, and open spaces for local residents. This will encourage local flora fauna to thrive in the shared space. Green spaces will
further provide acoustic and visual barriers for residential and school areas from polluting highways and industrial areas.
7. Transportation: Effectively connecting the existing public transport infrastructure including the metro rail project and the ambitious sea link with
cabs, auto rickshaws, and private vehicles to ensure last mile connectivity for the residents. Providing and maintaining crosswalks, pedestrian
bridges, and sidewalks by ridding them of illegal encroachments and hawkers along with regular police patrol for safety of resident pedestrians.
Allocating dedicated bicycle lanes will increase bicycle usage and further reduce vehicle emissions.
8. Green Roof and Vertical Landscapes: Can provide aesthetic improvement, increased property value, energy efficiency due to natural temperature
control, urban agriculture, access to leisure and hobby area, noise level reduction, improved air quality, increase in biodiversity, physiological
benefits to residents among others.
9. Waste Treatment: Implementing pneumatic garbage collection, which is a vacuum garbage collection method which transports waste through
underground pneumatic tubes to a collection station. This will help in efficient waste management, eliminate the need for huge sanitation trucks
and thus reduce the associated gas emissions. The garbage collectors working in extremely unhygienic conditions can be trained to operate the
pneumatic systems from a controlled environment.
10. Supertrees: We can look to the smallest city-state of Singapore, which uniquely chose to go vertical in pursuit of green cover in a restricted land
mass by developed solar powered manmade structures which act as vertical gardens sustained by generating power through solar photovoltaic
systems, rainwater collection, and air venting ducts for conservatories. Such structures provide shade from the UV rays, encourage diverse local
flora, and provide public recreational spaces for the citizens.
11. Green Construction Practices: Several green construction practices like repurposing old structures, using regionally or locally sourced building
materials, using fly-ash and slag, green cement and green bricks, treatment of organic waste through vermin composting for landscaping, using
prefabricated structural components, using HVAC systems and equipment, maximizing use of natural light and ventilation to minimize artificial
temperature controls, optimal use of glass façade, innovative use of waste plastic in roadways and construction elements, using existing railways
and waterways for transporting construction materials, among others will reduce carbon footprints of construction projects.
12. Providing engagement platforms for local residents through discussion forums at ward levels to encourage integration of natural and built
environments for a sustainable ecology.

As environmental consulting partners for MCHI-CREDAI, we at EVPL are fully committed towards the vision of making Mumbai more livable,
greener, carbon neutral and energy positive hub of economic growth. Our vision also emphasizes the need for a more egalitarian and equitable
development to build a cohesive social fabric with a strong sense of community.

(advertorial)

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keval Valambhia
Chief Operations Officer

Satish kumar
Head

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advocate Vahid Mirza hrishchandra gupta lekha S� Nambiar
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Secretariat Accounts & Finance

Monali rakvi Mamata talekar reena Noronha Prasad Watulkar
Sr. Manager, Manager Manager Manager
Secretariat Secretariat
jaya Sawlekar Women’s Wing Membership
Assistant Manager, Ikwinder Singh gahunia Sanjay Phope Nilam Parab
Secretariat Assistant Manager Sr. Executive Sr. Executive
Admin
Liaison Accounts

rajvi c� choksi Sanjay yedge heena Viras
Executive Executive Executive
Legal Liaison Front Desk

ravindra dhadve raju Padelkar Vasant kelambekar
Sr. Office Assistant Office Assistant Office Assistant

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Business Head
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