Real Estate Maharashtra
CREDAI-MCHI 44th AGM Sets Outlook for Mumbai, MMR Growth
By GeoSquare News Desk · Published 2026-10-13
CREDAI-MCHI, the apex body representing real estate developers across the Mumbai Metropolitan Region (MMR), held its 44th Annual General Meeting in Mumbai, bringing together developers, consultants and policy stakeholders to chart the sector's direction for the coming year.
Focus on infrastructure-led demand
The discussions centred on how MMR's expanding transport network — metro corridors, coastal road links, the Trans-Harbour route and suburban rail upgrades — continues to redraw commuter belts and unlock housing demand in emerging nodes. Delegates noted that improved last-mile connectivity is encouraging mid-segment and affordable projects in previously peripheral locations.
Outlook for 2026Market sentiment and affordability
Speakers pointed to steady absorption of ready and under-construction inventory, a revival in end-user buying, and renewed interest from NRI purchasers. Rising construction costs, however, remain a pressure point, with developers flagging cement, steel and labour expenses as key factors shaping launch pricing.
What buyers should watch
For Maharashtra home buyers, the meeting underscores a market where demand is increasingly driven by connectivity upgrades rather than speculative growth. Experts advise comparing project timelines, RERA-registered approvals and developer track records before committing, particularly in newly announced growth corridors.