Mayur Shah elected as CREDAI-MCHI president

The apex real estate industry body of Maharashtra, CREDAI, has elected the Mayur Shah as the president of CREDAI-MCHI (Maharashtra Chambers of Housing Industry) on 21^st July. Mayor Shah is the chief of Marathon Realty. The luminaries present at the ceremony organized were from across Banking & Finance, Legal and Government – Mr. Gautam Chatterjee, Chairman, MaharRERA, Mr. U.P.S. Madan, Metropolitan Commissioner of MMRDA, Mr. Ajoy Mehta, Municipal Commissioner of MCGM, Dr. Sanjay Mukherjee, Additional Municipal Commissioner (projects) of MCGM and Shri Ramesh Pawar, DMC TO MC OF MCGM. The focus of the new President Mayur Shah, CREDAI-MCHI would include rationalizing processes by ensuring better timelines to get approvals on projects, improve business viability given the high land costs, build capabilities for delivery of projects in parallel to clean, green and skilled Mumbai. Speaking at the event he said, “We are hopeful to convert challenges into opportunities that are impacting the real-estate industry. The main focus during my tenure would be to improve business viability in MMR by rationalisation of taxes, premiums, achieve further ease of doing business aiming towards online approvals, building capabilities for quicker delivery of projects by members through continuous learnings about the best practices and prepare members for future changes like RERA, GST and DCR rules.” The Maharashtra Chamber of Housing Industry (CREDAI-MCHI) was formed in 1982, and is one of the most prominent and recognized body of Real Estate Developers in Mumbai and MMR. CREDAI-MCHI brings together members dealing in Real Estate Development on one common platform to address various issues facing the Industry. With a strong Membership of over 1800 leading Developers in Mumbai and The CREDAI-MCHI has expanded across MMR, having its own units in Thane, Kalyan -Dombivali, Mira - Virar City, Raigad and Navi Mumbai.