Mumbai Rains Force NAREDCO Maharashtra to Postpone Annual Real Estate Event
The National Real Estate Development Council (NAREDCO), Maharashtra, has postponed its annual event, The Real Estate Forum 2025, due to heavy rainfall in Mumbai. The event, themed 'Reimagining Maharashtra: Global Alliances to Local Impact,' was scheduled for August 20.
Mumbai RainsReal EstateNaredcoMaharashtraWaterloggingReal Estate MaharashtraAug 19, 2025
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.
Frequently Asked Questions
Why was the NAREDCO Maharashtra event postponed?
The event was postponed due to heavy rainfall in Mumbai on August 18 and 19, as advised by the India Meteorological Department (IMD).
What was the theme of the NAREDCO event?
The theme of the event was 'Reimagining Maharashtra: Global Alliances to Local Impact.'
Who were the expected attendees at the event?
Expected attendees included Maharashtra Chief Minister Devendra Fadnavis and Mumbai Municipal Commissioner Bhushan Gagrani.
How much rainfall did Mumbai receive on August 19?
Mumbai received over 300 millimetres (mm) of rainfall on August 19, leading to severe waterlogging and flight disruptions.
What impact did the heavy rains have on the real estate market in Mumbai?
The heavy rains have slowed down housing transactions, with homebuyers’ walk-ins decreasing during the monsoon, leading to a slowdown in the housing market.
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