Mangaluru: September 9, 2015: The Confederation of Real Estate Developers’ Association of India (CREDAI), Mangaluru chapter, will organise a three-day property exhibition at Mumbai from September 11. The venue is Buntara Sangha, Kurla, according to D.B. Mehta, president, CREDAI, Mangaluru.
He told mediapersons here on Wednesday that it was to give an opportunity to people from Mangaluru and Udupi regions in Mumbai to purchase property in their home cities. About 40 builders and developers and banks from two districts would participate in it.
He said that if Mangaluru City Corporation was covered under the smart cities scheme, it would get Rs. 1,000 crore from the government for five years. This would in turn result in investments of over Rs. 20,000 crore in city-based projects. In addition, some industrial projects were already under progress in the port city. This would only increase the housing demand in Mangaluru and Udupi.