The National Real Estate Development Council, NAREDCO, is all set for the third version of India’s largest real estate property expo, ‘HOMETHON Property Expo 2024, a three-day event scheduled from October 4 to 6, 2024, at the JIO World Convention Centre, BKC, Mumbai. Green initiatives top the agenda this year, directed at sustainable housing and environment-friendly construction practices.
NAREDCO Maharashtra, the motor of the expo, announced its most glamorous highlight: the signing of a Memorandum of Understanding (MoU) as part of its ‘Sustainable and Environment-Friendly Future Housing’ initiative signed during the inaugural ceremony on October 4, 2024, by Maharashtra Chief Minister Shri Eknath Shinde. This will eventually encourage sustainable housing projects to be climate-resilient and help absorb more environmentally friendly materials like bamboo for construction work in the future.
In line with this green push, NAREDCO has tied up with PHOENIX FOUNDATION SANSTHA, led by ‘icon for bamboo cultivation’ Mr. Pasha Patel. This shall encourage the use of bamboo as a friendly climatic material in construction processes, thereby encouraging developers to adopt alternative building technology not in line with traditional construction practices. Patel shall also help create awareness amongst the real estate fraternity of the benefits of sustainable solutions for housing.
According to reports, the HOMETHON Property Expo 2024 is likely to draw an enormous crowd because the pre-event registrations have already crossed over 50,000 homebuyers. Though the number of pre-registrations almost doubled this year as compared to what was witnessed during the past two years, it represents the growth taking place in the housing sector. It will offer prospective buyers a chance to get acquainted with various projects underway in different parts of Mumbai, MMR, and other major cities such as Pune, Nashik, and Nagpur. Properties on display will range from affordable homes priced at Rs 19 lakhs to luxury options costing up to Rs 9 crore.
What makes the HOMETHON Property Expo 2024 different is its emphasis on environmentally friendly development. NAREDCO plans to have an impact on the climate by promoting the use of sustainable materials—its focus on bamboo for housing projects. This will support India’s target of achieving net zero and further reduce the carbon footprint emanating from the real estate industry.
The event will provide special Dussehra offers from developers and housing finance companies, offering exclusivity in discounts for the attendees. It will become a golden opportunity for buyers to acquire their dream homes at aggressive rates. The redevelopment landscape in the MMR region will also be discussed as participants learn how to collaborate on future projects.
The HOMETHON Property Expo is one of the activities that will increase the demand for professionals in the real estate industry. It focuses on careers in engineering, construction technology, marketing, finance, and sales, which are the areas the expert industry practitioners share opportunities available to aspiring talent. The event would, thus, send a discussion on career prospects in real estate, opening avenues for further job seekers into the sector.
With the support of Bollywood celebrities Riteish and Genelia Deshmukh, the expo would showcase over 1000 of the best projects from leading builder companies. The properties would vary in price range, covering both the affordable and luxury segments. Above benefits lie some more incentives that a homebuyer could avail, such as no stamp duty and registration charges or attractive schemes of home loans from top housing finance companies. The event will bring easy access to prime properties in locations like Mumbai, Thane, Navi Mumbai, Panvel, Raigad, and more, hence assuring that a diverse group of buyers will be targeted.
The HOMETHON Property Expo 2024 is going to impact the real estate scenario in ways that have never been seen before—to boost home sales and create holistic growth and long-lasting change within the industry. NAREDCO Maharashtra has been leading the charge for housing that is affordable and sustainable through the use of bamboo and other eco-friendly products.
This shall be a good chance for first-time homebuyers to pick the option from the various housing alternatives, which will ultimately lead to a greener tomorrow. With the increase in a sense of responsibility towards the environment, HOMETHON Property Expo 2024 has set a precedent for future real estate exhibitions: growth and sustainability can go side by side.
Source: PTI