Mumbai Rains Force NAREDCO Maharashtra to Postpone Annual Real Estate Event
The National Real Estate Development Council (NAREDCO), Maharashtra, announced on August 19 that its annual event, The Real Estate Forum 2025, has been postponed due to heavy rainfall in Mumbai. The event, themed ‘Reimagining Maharashtra: Global Alliances to Local Impact,’ was scheduled to be held on August 20. It is billed as India’s largest real estate gathering, bringing together government authorities, sector experts, innovators, and changemakers. Maharashtra Chief Minister Devendra Fadnavis and Mumbai Municipal Commissioner Bhushan Gagrani were among the expected attendees.
NAREDCO stated that the decision was taken in view of the continuous heavy rains in Mumbai on August 18 and 19. According to the India Meteorological Department (IMD) advisory on heavy rains and uncertain weather conditions, The Real Estate Forum 2025, which was scheduled for August 20, 2025, has been postponed. The statement by NAREDCO Maharashtra read, “As per the India Meteorological Department (IMD) advisory on heavy rains and uncertain weather conditions, The Real Estate Forum 2025 scheduled on 20th August, 2025 has been postponed.”
Several districts in Maharashtra, including Mumbai, Pune, Thane, and Raigad, witnessed intense rainfall on August 18 and 19. Mumbai alone recorded over 300 millimetres (mm) of rainfall on August 19, leading to severe waterlogging and flight disruptions. Chief Minister Fadnavis said on August 19 that the next 48 hours would be “extremely crucial” for districts under the IMD’s red alert. He noted that Mumbai had received 300 mm of rainfall in the 24 hours between 8 am on August 18 and 8 am on August 19, with more than 200 mm falling in just 11 hours on August 19.
The heavy rains have not only affected the real estate event but also impacted housing transactions in the city. Homebuyers’ walk-ins have slowed down during the monsoon, affecting the real estate market. The waterlogging caused by the heavy rains has further exacerbated the situation, making it difficult for potential buyers to visit properties and complete transactions. This has led to a slowdown in the housing market, which is a significant concern for real estate developers and agents.
NAREDCO Maharashtra is a prominent organization in the real estate sector, dedicated to promoting and advancing the real estate industry in the state. The annual event is a key platform for stakeholders to discuss and address the challenges and opportunities in the real estate market. The postponement of the event due to the heavy rains underscores the significant impact that natural disasters can have on the business and economic activities in the region.
