Celebrating a New Era of G.R.O.W.T.H.
CREDAI Investiture Ceremony & CREDAI-MCHI Change of Guard 2023
CREDAI and CREDAI-MCHI marked a historic milestone with the successful celebration of the CREDAI Investiture Ceremony and the CREDAI-MCHI Change of Guard Ceremony held on 15th April 2023 at the iconic Taj Mahal Palace, Mumbai. The prestigious event witnessed the presence of distinguished dignitaries, industry leaders, members, and stakeholders, with over 500 attendees coming together to celebrate a new chapter in the real estate sector.
During the CREDAI National Investiture Ceremony, Shri Harsh Vardhan Patodia formally handed over the presidency of CREDAI National to Shri Boman Irani, ushering in a new era of leadership for the organization. Simultaneously, CREDAI-MCHI celebrated its Change of Guard as Shri Domnic Romell assumed office as the new President of CREDAI-MCHI, succeeding Shri Boman Irani.
The occasion marked the beginning of a transformative vision centered around “Ushering a New Era of G.R.O.W.T.H.”, a strategic framework designed to unite CREDAI National and its chapters under a shared mission of responsible, inclusive, and sustainable development.
The Vision of G.R.O.W.T.H.
G : GREEN Construction
R : REFORM
O : OPPORTUNITY to build a new India
W : WOMEN Empowerment
T : TRANSPARENCY
H : HOUSING for All
The event symbolized not only a leadership transition but also a renewed commitment towards innovation, collaboration, sustainability, and industry growth. The G.R.O.W.T.H. vision continues to serve as a guiding framework for CREDAI and CREDAI-MCHI as they work towards building a stronger and more progressive real estate sector for the future.
CREDAI-MCHI Welcomed New Leadership at Change of Guard Ceremony Attended by Dignitaries and Industry Leaders
CREDAI-MCHI hosted its Change of Guard Ceremony on August 14, 2025, marking a pivotal leadership transition for the organisation.
Shri Sukhraj Nahar, Chairman of Nahar Group, assumed office as the 18th President of CREDAI-MCHI, succeeding Shri Domnic Romell of Romell Group. This transition underscores the organisation’s commitment to continuity while embracing a renewed vision for the future.
In another key leadership change, Shri Rushi Mehta of Neelyog Group took charge as Hon. Secretary, succeeding Shri Dhaval Ajmera of Ajmera Group of Companies.
The Women’s Wing also welcomed Ms. Alka Doshi as its new Chairperson, reinforcing CREDAI-MCHI’s focus on empowering women in real estate. Additionally, Shri Samyag Shah of Marathon Group was appointed Convener of the Youth Wing, bringing youthful energy and fresh perspectives to the association.
The ceremony was graced by several distinguished guests, including:
- Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis
- Shri Shrikar Pardeshi (I.A.S.), Secretary to the Chief Minister
- Smt. Nidhi Choudhary (I.A.S.), Director, National Gallery of Modern Art
- Dr. Bhushan Gagrani (I.A.S.), Municipal Commissioner, BMC
- Shri Gautam Chatterjee (I.A.S. Retd.), Founder Chairman, MahaRERA
- Shri Vivek Phansalkar (I.P.S. Retd.), Former Commissioner of Police, Mumbai
COG 2023
In a dazzling display of unity, vision, and purpose, CREDAI-MCHI commemorated two historic events that have ignited an electrifying wave of change. Set against the stunning backdrop of Mumbai’s iconic Taj Mahal Palace, the dual celebrations the Investiture Ceremony of CREDAI and the Change of Guard of CREDAI-MCHI unfolded on April 15th, 2023, leaving an indelible mark on the real estate landscape.
Radiating with grandeur, the event was an assembly of brilliance, with esteemed dignitaries and over 500 luminaries converging to witness history in the making. The pinnacle of the Investiture Ceremony was the passing of the baton from the visionary Mr. Harsh Vardhan Patodia to the eminent Mr. Boman Irani, signifying the dawn of an invigorating era for CREDAI concurrently. CREDAI-MCHI celebrated its own milestone as Mr. Domnic Romell assumed leadership, succeeding the exceptional Mr.Boman Irani.
G : GREEN Construction
R : REFORM
O : OPPORTUNITY to build a new India
W : WOMEN Empowerment
T : TRANSPARENCY
H : HOUSING for All
The national G.R.O.W.T.H. vision symbolises our unwavering dedication to cultivating a vibrant, accountable real estate ecosystem. This is not just a narrative; it is a clarion call to be part of a narrative that’s rewriting the destiny of real estate. We extend a heartfelt invitation to join us on this exhilarating voyage and become a part of history in the making. As we embark on this new trajectory, let us stand united, driven by our collective vision of a brighter, more sustainable future.
COG 2022
COG 2020
CREDAI-MCHI AIMS TO CREATE 1 LAC NEW JOBS IN NEXT ONE YEAR;
ANNOUNCED IN THE CHANGE OF GUARD FOR 2020-21
Deepak Goradia took over as new CREDAI MCHI President with a mission to “Revive MMR Realty” amid Covid – 19 Aims at Building a more Cohesive Industrial Ecosystem in MMR through holistic advocacy and technological initiatives to enhance stakeholder confidence Mumbai, 31st August: CREDAI MCHI, the apex body of Real Estate Developers with over 1800+ member developers present across the Mumbai Metropolitan Region (MMR), organized its ‘Change of Guard’ with Mr. Deepak Goradia took over as the new president. The installation ceremony saw the gracious presence of CREDAI MCHI Management Committee members, industry stalwarts, dignitaries including Shri Eknath Shinde, Honorable Minister of Urban Development and PWD, Govt. of Maharashtra and Dr. Jitendra Awhad, Honorable Minister for Housing Department, Govt. of Maharashtra.
Mr. Deepak Goradia, in his maiden address, committed himself to “Reviving MMR Real Estate”, in light of the prevailing slowdown brought upon by Covid – 19. Taking CREDAI-MCHI’s 3 and half decades plus strong legacy forward built by his predecessors, Mr. Goradia aims to create 1 lac jobs in the next one year through its 1800+ developer members by way of new projects and initiatives. Strengthening CREDAI MCHI’s commitment towards the growth of the Maharashtra Economy, Mr. Goradia and his team intend to build a stronger advocacy ecosystem and aim to address the most pertinent issues currently acting as major hurdles for the sector. The new leadership team has prepared a comprehensive roadmap for reviving MMR Realty as well as the confidence of stakeholders, and will enhance its focus on improving knowledge and skill of member developers through Certification Courses, Webinars, Knowledge Sharing, Skill Development programs etc.
Under the leadership of Mr. Goradia, the new team will also explore more opportunities to continue working with statutory bodies like MahaRERA, Mumbai Grahak Panchayat etc, to collectively work towards establishing a more conducive industrial environment, while also continuing to undertake comprehensive skilling initiatives to create and sustain a talent pool of Skilled labor for the Indian Real Estate industry.
As a leading industry body, CREDAI MCHI has consistently spearheaded numerousinitiatives such as Women’s Wing, Youth Wing, among others, which Mr. Goradia intends to build on, in line with the best interests of the MMR Real Estate sector andits stakeholders.
CREDAI- MCHI President, Mr. Deepak Goradia in his address said that “ He was extremely privileged to take the distinguished role of being the new President of CREDAI MCHI. The last 31 years had been a glorious journey for all of us here and we intend on building on this strong foundation to lead a new era for MMR Real Estate.Given the current circumstances brought upon by the pandemic, CREDAI MCHI is
highly determined to reignite the progress of the industry which acts as the strongest pillar of the state’s economy. We want to bring back the smiles on the faces of not just our developer members but the entire eco-system, including homebuyers and the 225+ allied industries who are closely associated with us. Subject to a conducive business environment, we aim to create 1 lac new jobs, with a potential cascading effect of generating thousands of more jobs in the allied Industries in the next 1 year, further strengthening our commitment towards MMR stakeholders and t he growth of Maharashtra’s economy.”
Former CREDAI MCHI President, Mr. Nayan Shah, shared his comment and congratulated Mr. Deepak Goradia and shared his best wishes for embarking on this extremely exciting journey as the new President of CREDAI MCHI. The last two years, and especially the last few months, have been somewhat tumultuous for the entire real estate fraternity. Given Mr. Goradia’s experience and stature in the sector, we all are extremely confident and look forward to the dawn of a new era for MMR Real Estate under his able leadership.”