Mumbai,
April 13, 2026 : CREDAI-MCHI,
under the leadership of its President Sukhraj Nahar, participated in a
high-level meeting convened by the Hon. Revenue Minister, Government of
Maharashtra, Shri Chandrakant Bawankule, to deliberate on critical
revenue-related challenges affecting the real estate sector across the Mumbai
Metropolitan Region (MMR).
CREDAI-MCHI
was represented by Rushi Mehta, Secretary; Dominic Romell, Immediate Past
President; Husain Lalani, Joint Treasurer; Ricardo Romell, Joint Secretary; and
Keval Valambhia, COO. Senior Vice President Shailesh Puranik and Vice President
Gurminder Singh Seera attended the meeting virtually. The meeting was in
continuation of the representations and meetings held with the collector, city
& Suburban by the Joint Task Force, comprising representatives from
NAREDCO, BDA, and PEATA, as part of the broader consultative framework for
resolving revenue relating matters affecting the real estate Industry in
Mumbai/MMR.
Speaking
on the development, Sukhraj Nahar, President, CREDAI-MCHI, said, “The meeting
reflects a strong intent from the government to address industry concerns with
urgency and clarity. The proposed measures, particularly the move towards
digitisation and process simplification, will significantly enhance ease of
doing business and bring greater transparency to the sector. Bringing clarity
to royalty related issues plaguing the industry was an urgent priority, and it
has now been dealt in a positive and proactive manner by the honourable
Minister.”
Rushi
Mehta, Secretary, CREDAI-MCHI, added, “The discussions were highly
constructive, with clear direction on resolving key bottlenecks faced by
developers particularly concerning Royalty permissions and NA clearances.
Online Royalty permissions and payments including extension of Royalty window
from 1 month to 6 months was the key outcome from the meeting.”
Bringing
clarity to the fact that no Royalty was required when excavated earth was used
for captive consumption and ensuring that this clarity trickles down to the
lowest rung of the beaurocracy was emphasised by the Honourable Minister and to
that end a joint meeting was scheduled with the Municipal Commissioner shortly
to resolve the same.
The
meeting also addressed the need for improved integration of property-related
records. It was proposed that transactions such as development agreements,
mortgages, and leases be automatically updated in the Property Register through
system linkage with Index-II records.
Further,
in areas governed by Regional Plans, the process for payment of one time
Non-Agricultural (NA) charges is set to be simplified through an online system
currently nearing completion. Until its rollout, such matters will be handled
at the planning authority level to avoid delays rather than being forwarded to
the collector office.
CREDAI-MCHI
extended its gratitude to the Hon. Revenue Minister for his proactive approach
and continued support towards resolving industry challenges, reaffirming its
commitment to working collaboratively with the government to drive sustainable
and structured growth in the real estate sector.
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/
