BANGALORE: In a move to boost exchange of information and knowledge, the Karnataka body of the Confederation of Real Estate Developers Associations of India (CREDAI) has now joined hands with the Bangalore Realtors Association, India. By entering into this epoch, making bilateral cooperation agreement, both the trade bodies will be able to exchange vital information and knowledge among their members. The associations have said that the core aim of this agreement is to enhance the functional capabilities of both the organisations.
The bilateral agreement has brought 165 existing members of CREDAI Bangalore Chapter and 150 members of BRA-I under one umbrella, to serve the common purpose of maintaining high standards of real estate industry practice and preserving the right of property owners.
“The agreement will help in developing a better relationship between the realtor fraternity. This step will promote and protect trademarks, copyrights and all other forms of intellectual property owned, respectively, by the organisations. Ultimately this new cooperating organisation will extend its hands by providing help to our valued customers,” said Sushil Mantri, President, CREDAI Karnataka. Emphasizing on how this deal will further help promote transparency in the business, BRAI too has lauded this agreement. “This is a milestone in Bangalore’s Real Estate business which will focus on the free and fair trade practices, promoting transparency and collaborating the best practices which will eventually benefit the customers and the Real Estate Fraternity at large. We consider this collaboration to be the biggest leap in the real estate sector,” said the Founder of BRAI, Farook Mahmood.
This will help facilitate business opportunities for members of the organisations who transact in each others’ markets, exchange information on real estate markets, real estate procedures, relevant licensing, tax, & foreign investment laws.