Mumbai, November 15, 2025 : CREDAI-MCHI, the
apex body of real estate developers in the Mumbai Metropolitan Region (MMR),
held its 43rd Annual General Meeting (AGM) at the Jio World Convention Centre,
BKC. The meeting brought together senior government officials, policymakers,
and industry stakeholders to review key policy matters and outline the
association’s agenda under the leadership of President Shri Sukhraj Nahar.
Under Shri Nahar’s leadership, CREDAI-MCHI has
strengthened coordination between the government and the real estate industry.
Following the guidance of the Hon’ble Chief Minister, the association initiated
the formation of a joint platform comprising CREDAI-MCHI, NAREDCO, PEATA, and
BDA, enabling the industry to present collective issues before authorities. A
convergence meeting was held at the Four Seasons Hotel, followed by a joint
review session with the BMC led by Municipal Commissioner Dr. Bhushan Gagrani
(IAS), during which key sectoral issues were discussed and several concerns
were addressed. The minutes of this meeting were formally signed at the 43rd
AGM, underscoring the commitment of both the industry and the civic
administration to structured collaboration, accountability, and faster
resolution of real estate sector challenges.
CREDAI-MCHI has also introduced Ease of Doing
Business 2.0, a focused framework designed to streamline approvals, improve
transparency, and ensure time-bound responses from regulatory bodies. Monthly
review mechanisms with the BMC and SRA are being institutionalized to track
progress and resolve operational bottlenecks.
In addition to policy advocacy, the association
demonstrated its responsiveness to social causes. During the recent floods in
Maharashtra, members collectively contributed ₹5.5 crore to the Chief
Minister’s Relief Fund within hours of an appeal, reflecting the industry’s
commitment to community welfare.
Dr. Bhushan Gagrani, Municipal Commissioner, BMC,
commended the effort, stating, “The decision to bring all four associations
together reflects the industry’s maturity and vision. When stakeholders
collaborate and speak with one voice, it enables the administration to address
challenges faster and with greater precision. This model can set a benchmark
for effective industry-government engagement. At the same time, with the city
facing serious air pollution and rising AQI levels, it is essential that
developers follow guidelines for construction sites and sustainable urban
planning, so that Mumbai’s growth ensures cleaner air and healthier living for
all its residents.
Shri Sukhraj Nahar, President, CREDAI-MCHI,
said, “Our focus this year has been on building stronger collaboration across
the real estate industry. By bringing together CREDAI-MCHI, NAREDCO, PEATA, and
BDA, we have created a unified platform that allows us to address regulatory
and operational challenges more efficiently. We are institutionalizing regular
review mechanisms with the BMC and SRA to ensure faster approvals, transparent
processes, and accountability at every level. These steps, combined with our
commitment to responsible development, are aimed at making MMR one of the most
efficient real estate ecosystems in the country.”
Mr. Rushi Mehta, Secretary, CREDAI-MCHI
highlighted, “At this 43rd AGM, we celebrate not just our longevity but the
lasting impact of CREDAI-MCHI. The association has enabled collective action
that no individual could achieve alone—from successful litigation that released
over 700 schemes to advocating for the transformative 10:10:80 premium policy.
I encourage all members to actively leverage this platform and initiatives.”
Jitendra Mehta, Senior Vice President,
CREDAI-MCHI, said, “The AGM marks another step in strengthening
collaboration between developers and the government. Our collective focus
remains on creating a transparent and time-bound framework that supports faster
approvals and smoother project execution. With continued dialogue and
cooperation among all stakeholders, we aim to make the MMR real estate sector
more efficient, accountable, and growth-oriented.”
The highlight of the evening was the two insightful
Fireside Chat sessions that brought together some of the most prominent leaders
in the real estate sector. Shri Parag Shah and Shri Manan Shah of MICL Group
shared their vision of creating landmarks that outlast generations, while Shri
Shahid Balwa of DB Realty Ltd. inspired the audience with his thoughts on
innovation and the language of possibility. Together, the sessions offered
meaningful insights into the future of Mumbai’s evolving real
estate landscape
Under the leadership of President Shri
Sukhraj Nahar, CREDAI-MCHI’s ongoing agenda includes:
•
Ease of Doing Business 2.0: Structured
engagement with BMC, SRA, MHADA, and MahaRERA for time-bound approvals.
•
Unified Industry Representation:
Strengthening collaboration between CREDAI-MCHI, NAREDCO, PEATA, and BDA for
collective advocacy.
•
Policy Engagement: Continued dialogue
with the Urban Development Department and civic bodies for regulatory
streamlining.
•
Participation in New City Development:
Contributing to the planning and execution of two proposed cities under the
Chief Minister’s vision.
•
Transparency and Accountability: Ensuring
monthly reviews and published minutes to monitor issue resolution.
The 43rd AGM reaffirmed CREDAI-MCHI’s commitment to
serving as the key platform for industry-government engagement in the MMR —
driving actionable reforms, transparent processes, and responsible development.
ABOUT CREDAI-MCHI
CREDAI-MCHI is the apex body of real estate
developers in the Mumbai Metropolitan Region. (MMR). With an impressive
membership of over 2200+ leading developers in MMR, CREDAI-MCHI has extended
its reach throughout the region, establishing units in various locations such
as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar,
Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibaug,
Karjat-Khalapur-Khopoli, and Pen. Being the only Government-recognised body for
private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the
industry’s organisation and progress. The association is committed to driving
policy reform, housing innovation, and sustainable development in partnership
with the government and urban stakeholders.
As a part of CREDAI National, an apex body of 13000
developers across the nation, CREDAI-MCHI has emerged as a preferred platform
for regional discussions on housing and habitat by establishing close and
strong ties with the government. It is committed to breaking barriers to create
a strong, organised, and progressive real estate sector in the MMR.The vision
of CREDAI-MCHI is to empower the Real Estate fraternity of the Mumbai
Metropolitan Region as it preserves, protects, and advances the right to
housing for all. To continue being a trusted ally, guiding their members,
supporting the Government on policy advocacy, and assisting those they serve
through the ever-evolving real estate fraternity.
Website: https://mchi.net/
