Mangaluru: The Mangaluru branch of Confederation of Real Estate Developers’ Associations of India (CREDAI) will host a three-day realty expo in Mumbai from September 11 to September 13 as a brand building activity and to increase investment in Mangaluru.
Addessing a press meet here on September 9, D B Mehta, president of CREDAI Mangaluru said, "Mangalureans in Mumbai are very much interested to investing in Mangaluru, and hence, CREDAI is holding a property show in Mumbai to cater to the South Canara populace there. The three-day event will be held at Buntara Sangha located at Kurla, Mumbai which is a popular place with most of the South Canara community."
"Mangaluru city is blessed with an international airport, major port and a very important railway station. The Smart City project would bring in an investment of Rs 1,000 crore from the government to develop infrastructure that will enable different elements of Smart City. The Rs 1,000 crore which the government would invest over a period of five years could result in investments of over Rs 20,000 crore into the city. Experts claim that barring the Smart City project projects approximately worth over Rs 30,000 crore are already sanctioned towards industries in Mangaluru, and work is already ongoing in some of the industrial projects. The cumulative investment when taken into consideration would increase housing demand, improve job opportunities, generate new business opportunities, facilitate urbanization and improve lifestyle," he added.
The CREDAI Mangaluru-Udupi property expo would be inaugurated by Prakash Mehta, Maharashtra minister for housing, mines and labour. Karnire Vishwanath Shetty, president of Buntara Sangha, Mumbai, Adarsh Shetty, president, AHAR Mumbai and others will be present at the occasion.
Dheeraj Amin, CREDAI Mangaluru vice-president, Naveen Cardoza, secretary, Lakshmeesh Bhandary, member were present.
