Mysore, June 26 (KMC)- MyRealty 2010 — the great property show, organised by the Builders' Association of India (BAI), Mysore Centre and the Confederation of Real Estate Developers' Associations of India (CREDAI) at the Chamundi Vihar Indoor Stadium, was inaugurated last evening by S.N. Nagendra, Regional Manager (Karnataka and Goa), HDFC Ltd.
Speaking on the occasion, he called upon the realtors to make use of the approaching boom in the market, in the aftermath of the global recession, which for India, had been just a passing shadow.
Citing the example of Ahmedabad in Gujarat State, which he said, is a new entrant in the real estate business, Nagendra said that investors were making beeline for the city, the reason being the friendly nature in which the investors were treated by the Gujarat Government.
Describing the realtors of Bangalore and Mysore as creative, Nagendra advised the builders to gain confidence of the home-buyers by delivering the products fast.
"There is great potential for the realty business in South India, especially in Bangalore," said Nagendra and expressed anxiety over the ability to manage the growth, considering the infrastructure that is already reeling under pressure.
MyRealty Chairman T.N. Hemanth welcomed. BAI Mysore Centre Chairman U.M. Gurushanthappa spoke about BAI — its history and present activities.
CREDAI President V.K. Jagadish Babu, delivering a talk, said that Mysore is the right place for investing in real estate business. BAI Mysore Centre Secretary M.C. Mallikarjun was present. MyRealty 2010 Secretary M.S. Ramprasad proposed a vote of thanks.
Following the stage programme, the exhibition was formally inaugurated by Nagendra. It will be open today and tomorrow from 10 am to 9 pm.
Courtesy : Star Of Mysore