MUMBAI: The National Real Estate Development Council (NAREDCO) Maharashtra is all set to present the third edition of the HOMETHON Property Expo 2024, India’s largest real estate property expo at the JIO World Convention Centre, BKC, Mumbai from October 4 to 6, 2024. The previous year’s phenomenal success attracted 55000 visitors, generating INR 1050 crore committed sales. This year’s event is expected to surpass last year’s figures with an even greater participation across all stakeholders.

Bollywood’s popular and versatile star-couple, Riteish and Genelia Deshmukh are the brand ambassadors for the upcoming third edition of National Real Estate Development Council (NAREDCO) Maharashtra’s ‘HOMETHON Property Expo 2024’.

The HOMETHON Expo 2024 will showcase over 1000 top-notch projects from Maharashtra’s leading developers. Home buyers will get to choose from an array of properties across segments; be it affordable or luxury housing. These include properties from across Mumbai and MMR as well as Thane, Kalyan, Navi Mumbai, Panvel, Raigad, Mira Road, Vasai, Virar etc. In addition, properties from Pune, Nashik, and Nagpur along with second home projects and plotted schemes will also be on display.

Top housing finance companies will showcase attractive home loan offers for potential buyers at this three-day property extravaganza, which will also feature premier real estate brands from across the state.

Property prices on offer will range from Rs. 19 lakhs to 9 crores, providing home buyers with a wide array of options to help them realize their dream of home ownership. To make the process even more appealing, developers are offering incentives such as no stamp duty or registration charges, no GST, no processing fees, immediate benefits, and other festive promotions on selected units.

Commenting on the HOMETHON Property Expo, Mr. Prashant Sharma, President, of NAREDCO Maharashtra, says, “We are witnessing an unprecedented surge in home buyer enthusiasm, which is driving a remarkable increase in housing demand. We are excited to host the HOMETHON Property Expo 2024, where we anticipate a substantial boost in home sales. This year’s event will showcase exclusive discounts and Dussehra specials tailored by developers, offering a unique opportunity for buyers to find their ideal homes at an exceptional value. I encourage all prospective homebuyers to seize this chance and explore the excellent deals available at HOMETHON Property Expo 2024.”

Dr. Niranjan Hiranandani, Chairman, NAREDCO says, “The housing market is currently experiencing a vibrant surge, fueled by greater job stability, increased disposable incomes, and rising aspirations. Against this backdrop, and with the added excitement of the festive season, this property exhibition is uniquely positioned to help home buyers achieve their long-cherished dream of owning a home.”

Rajan Bandelkar, Vice Chairman, NAREDCO says, “NAREDCO Maharashtra is dedicated to creating a robust ecosystem marked by trust and transparency, which has significantly bolstered home buyer confidence. This property expo offers an exceptional opportunity for developers to showcase their premium projects and connect with prospective buyers. With exclusive discounted rates and a wide range of options, this event is designed to make the home-buying process more accessible and rewarding for all. We are excited to facilitate this vital connection and support our vision of making homeownership a reality for many.”

Rajesh Doshi, Secretary, of NAREDCO Maharashtra says, “This property expo is poised to drive a significant increase in housing demand. By bringing together developers, home buyers, and key stakeholders under one roof, we aim to streamline the home buying process and enhance the overall experience for everyone involved.”

The HOMETHON Property Expo 2024 will feature a business lounge and networking centers where attendees can engage with industry experts and leaders. To facilitate ease of access, transportation from major locations in Mumbai to the exhibition venue will be provided. Additionally, visitors will benefit from free parking and will have numerous chances to win exciting lucky draw prizes.

Prominent developers scheduled to participate in this event include Hiranandani Group, Godrej Properties, L&T Realty, Runwal Developer, Raunak Group, K Raheja Corp, Raymond Realty, MICL Group, Prestige Group, Transcon Developers, J P Infra, Dynamix Group, ID Group, Atul Projects, Sugee, Kanakia, Srishti Group, GHP Corp, A P Realty, Ajmera Cityscapes, Suraj Estates, Atharva Lifestyles, Platinum Corp, Paradise Group, Roha Group, Raghav Group, Spenta Corp and many others. Housing Finance Companies like State Bank Of India, Tata Capital HFC, ICICI Bank, IDBI Bank, and Aditya Birla Capital among others facilitate home loans at the event. 

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The convention will serve as a platform to explore various facets of the sector, focusing on adapting to new-age trends and technologies. It will feature insightful discussions on government support, affordable housing, the impact of RERA, financing options, technology integration, and investment opportunities, along with a dedicated session on India Vision@2047. The convention is supported by KPMG, which is also its Knowledge Partner.

G Hari Babu, National President of NAREDCO, “emphasized the importance of collaboration in unlocking the full potential of India’s urbanization. He stated, “By working together, we can create sustainable, liveable, and inclusive cities that foster business growth, promote social equity, and enhance the quality of life for all citizens. We look forward to fostering collaboration between the government and private sector stakeholders to ensure sustainability and pave the way for a thriving real estate industry that positively impacts the broader economy. Let us join hands to build a brighter future for India.”

Mr. Sandeep Runwal, President of NAREDCO Maharashtra said, “The real estate sector is crucial for Maharashtra and the country, driving economic growth and creating jobs. This national convention is a platform for discussing how real estate impacts our economy and how we can find new and smart solutions. It is not just about buildings – it is about creating a domino effect that boosts employment and supports ancillary industries. Together, we aim to come up with ideas that go beyond the usual, making sure our progress is sustainable and benefits everyone.“

Dr. Niranjan Hiranandani, Chairman of NAREDCO, “highlighted the convention’s role as a catalyst for transforming India’s real estate sector. He mentioned that the event would focus on issues such as liquidity crises, stressed assets, and insolvency while exploring policy reforms like the Rental Housing Policy and a commitment to net-zero goals. The importance of alternative financing through Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (INVITs) was also underscored.”

Mr. Rajan Bandelkar, Vice Chairman of NAREDCO, “emphasized the real estate sector’s role as a crucial economic driver with a multiplier effect on employment and linkages with ancillary industries. He noted that the convention serves as a platform for networking, learning, and collaborative efforts, which are pivotal in unlocking India’s urbanization potential”.

In addition to discussions, NAREDCO will advocate for the government’s proactive role in promoting affordable housing. It will request the introduction of a home loan interest rate subvention scheme and demand concessions in the prices of construction materials, such as cement and steel, for affordable housing projects. These measures aim to incentivize and facilitate the development of the much-needed affordable housing segment.

NAREDCO, the apex body of the real estate sector under the Aegis of the Ministry of Housing and Urban Affairs, Government of India, is dedicated to promoting transparency and accountability in the housing and real estate sector. The convention will feature prominent leaders, including the Hon’ble Minister of Housing and Urban Affairs, as Chief Patron, and seven Joint Secretary-level Officers from Central Government and Central Public Sector Undertakings (PSUs) on the Governing Council.

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