Mangalore Press Club

The Mangaluru chapter of Confederation of Real Estate Developers’ Association of India (CREDAI) has organised a property exhibition at Mumbai from September 11, which will go on for 3 days.

As confirmed by D.B. Mehta, president, CREDAI- Mangaluru, The venue is Buntara Sangha, Kurla in Mumbai.

About 40 builders and developers and banks from two districts are likely to participate in the Expo. The exhibition is to give an opportunity to people from Mangaluru and Udupi residing in Mumbai to purchase property in their home cities.

Mehta 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 lead to investments of over Rs. 20,000 crore in city-based projects in the region.

He further added that some industrial projects were already under development in the port city which would only increase the housing demand in Mangaluru and Udupi.