L&T-SuFin signs MoU with CREDAI-MCHI for digital procurement of construction material.
L&T-SuFin, an integrated platform for buying and selling of industrial products and services backed by Larsen & Toubro (L&T), today announced the signing of an MoU with the Confederation of Real Estate Developers’ Associations of India (CREDAI) – Maharashtra Chamber of Housing Industry (MCHI) to create a one-stop digital shop for procurement pertaining to the real estate sector in Mumbai and the Mumbai Metropolitan Region (MMR).
The new partnership will enable CREDAI-MCHI’s members to procure building and construction materials and access related services digitally through the L&T-SuFin platform, in a convenient, cost-effective, and efficient manner.
Speaking on the newly launched partnership, Mr S.N.Subrahmanyan, L&T said, “We are delighted to sign this MoU with CREDAI-MCHI. L&T-SuFin is the only tech-enabled B2B platform that aims to make the procurement experience of real estate developers of Mumbai and MMR easy and cost effective with adherence to top quality standards and financing options.”
On this Partnership Mr. Boman Irani, President, CREDAI-MCHI said, “The collaboration of CREDAI-MCHI with L&T SuFin is a revolutionary step given L&T as a conglomerate is a leader in construction and infrastructure sector with a towering presence in technology as well. The initiative of providing best quality products to the developers of CREDAI-MCHI will help our members an easy access to a wide range of products for construction. This collaboration will help strengthen the fraternity and help our member developers save resources. It will be a robust platform for our members to have access to the latest products in the industry.”
L&T-SuFin has enabled access to over 3 Lakh+ products spread across 50+ product categories with 35,000+ verified buyers & sellers dealing on the platform. L&T-SuFin is poised to transform supply chain for industrial and construction goods bringing customers and buyers closer to each other on a digital platform aided by L&T’s understanding of the infra-tech-fin domain.
CREDAI-MCHI is an apex body consisting of members from the real estate industry in the MMR region. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has officially appointed CREDAI-MCHI as the Self-Regulatory Organization (SRO) for housing projects in the State of Maharashtra.