Sukhraj Nahar Takes the Helm as CREDAI-MCHI President for 2025-2027
CREDAI-MCHI, the leading body for real estate developers in the Mumbai Metropolitan Region, has appointed Sukhraj Nahar as its 18th president. The change of guard ceremony, held at Jio World Centre, marks a new era of transformation and commitment to sustainable urban development.
Real EstateCredaimchiSukhraj NaharMission CaresMmrReal Estate NewsAug 19, 2025
Sukhraj Nahar succeeds Domnic Romell, who has served the association with distinction over the past two years. This leadership transition marks the beginning of a transformational phase for the real estate ecosystem in the MMR. The new management committee includes Bandish Ajmera as president elect, Rushi Mehta as secretary, and Nikunj Sanghavi as treasurer. The ceremony also saw the formal pledge to drive the organisation’s new strategic framework, Mission CARES.
Mission CARES stands for Compassion, Affordability, Reforestation, Empowerment, and Skilling. It is a comprehensive blueprint to bring these values to the forefront of urban development. Chief Minister Devendra Fadnavis emphasized the importance of CREDAI-MCHI's role in shaping Mumbai’s real estate future. He highlighted the successful RERA implementation, streamlined ease of doing business, and the co-creation of the Mumbai Development Plan with unprecedented industry-government collaboration.
Sukhraj Nahar, the new president, outlined his vision for the next two years, stating, “Our sector has always built Mumbai’s skyline. Now, we must also build its soul. Mission CARES is our declaration to the government, home buyers, and our own conscience—that we will develop with empathy, digitize with purpose, green our cities with urgency, and ensure every home is accessible and dignified. This is a pivotal moment to move beyond rhetoric and deliver real, measurable impact.”
Rushi Mehta, secretary of CREDAI-MCHI, emphasized the sector's impact on lives. He said, “The real estate sector touches lives in every square foot it creates. We are not just asking the government to act—we are showing them that the industry is ready to co-create better policies, embrace tech, and uplift every worker, homebuyer, and citizen. Mission CARES represents CREDAI-MCHI’s renewed commitment to building with compassion, ensuring access for all, restoring green spaces, driving economic growth through innovation, and skilling the workforce that shapes the region’s skylines.”
Domnic Romell, the immediate past president, extended his full support to the new leadership. He noted, “Over the last two years, we’ve set the stage for deeper collaboration between government bodies, developers, and civil society. I am confident that under Nahar’s leadership, CREDAI-MCHI will scale new heights—not just in construction, but in conscience as well.”
Mumbai’s developers currently face high approval costs, with an average of 54,221 per square meter, among the highest in the country. Premiums, duties, and levies often constitute 35–40% of the total project cost, placing a significant financial burden on homebuyers and delaying project timelines. Keval Valambhia, chief operating officer of CREDAI-MCHI, highlighted the need for single-window clearances, rationalized premiums, and tech-led approvals to make the process faster and more transparent.
The CARES framework commits the organization to five pillars:
- Compassion through CSR and social welfare for construction workers, women, children, and underserved communities.
- Affordability in Housing through policy reforms and innovative development models.
- Reforestation & Urban Greening to offset the carbon impact of construction and improve city liveability.
- Empowerment through PropTech to drive transparency, digital transformation, and economic growth.
- Skilling of 10,000+ workers annually to power India’s infrastructure boom with capable hands and secure livelihoods.
The new leadership has outlined an ambitious roadmap for the next 24 months:
- Establishment of a PropTech Lab to accelerate innovation adoption.
- Creation of an Affordable Housing Innovation Cell (AHIC).
- Launch of mobile Skilling Labs across the MMR region.
- Dialogue with the state to rationalize development premiums and stamp duties.
- Integration of green scorecards in every member project.
Under its CSR vision, CREDAI-MCHI has committed to organizing 100+ free health camps annually, supporting over 1,000 students with scholarships (especially girls), operating 25 daycare centers for construction workers’ families, maintaining zero child labor across all member sites, and mobilizing 10 crore+ for disaster relief and social programs.
The affordable housing mandate aims to promote 10,000+ affordable units through member projects by 2026, publish a policy white paper on regulatory reforms for faster approvals, create an Affordable Housing Innovation Cell, and conduct three regional workshops with urban bodies on rental and worker housing. The focus is on ensuring affordability without compromising on quality, sustainability, or access to civic amenities.
In line with its environmental commitments, the reforestation agenda targets the planting of 1 million trees across 50+ urban locations by 2026, integrating minimum green buffers in all new member projects, and creating five model biodiversity parks in partnership with local authorities.
The economic growth and innovation pillar will see 70% of member developers adopt at least one PropTech solution, 20+ startups onboarded to the new PropTech Lab, and the listing of 10+ REIT-ready assets.
On skilling, CREDAI-MCHI will train 10,000+ construction workers annually, issue 2,500+ Green Job Cards, and deploy three mobile skilling labs across the Mumbai Metropolitan Region to deliver on-site training in green construction, safety, and emerging technologies.
With over 2,200 member developers, CREDAI-MCHI’s Change of Guard 2025–2027 marks the beginning of a decisive chapter — one where the industry pledges to build not only for today’s cities but for tomorrow’s generations, guided by measurable goals that blend economic growth, environmental stewardship, and social equity.
Frequently Asked Questions
Who is the new president of CREDAI-MCHI for the 2025-2027 term?
The new president of CREDAI-MCHI for the 2025-2027 term is Sukhraj Nahar, chairman of Nahar Group.
What is Mission CARES?
Mission CARES is a comprehensive blueprint to bring Compassion, Affordability, Reforestation, Empowerment, and Skilling to the forefront of urban development in the MMR.
What are the five pillars of Mission CARES?
The five pillars of Mission CARES are Compassion through CSR, Affordability in Housing, Reforestation & Urban Greening, Empowerment through PropTech, and Skilling of 10,000+ workers annually.
How does CREDAI-MCHI plan to promote affordable housing?
CREDAI-MCHI aims to promote 10,000+ affordable units through member projects by 2026, publish a policy white paper on regulatory reforms, and conduct regional workshops on rental and worker housing.
What environmental commitments does CREDAI-MCHI have under the reforestation agenda?
CREDAI-MCHI plans to plant 1 million trees across 50+ urban locations by 2026, integrate minimum green buffers in all new member projects, and create five model biodiversity parks in partnership with local authorities.
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