In a move to exchange information and knowledge amongst its members and improve the functional capabilities of the organizations, the Karnataka body of the Confederation of Real Estate Developers Associations of India (CREDAI) has made a bilateral cooperation agreement with Bangalore Realtors Association, India (BRA-I).
Express Buzz on Saturday reported, 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.
Sushil Mantri, President, CREDAI Karnataka quoted, “The agreement will help in developing a better relationship between the realtor fraternities. 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.”
BRA-I is also in favour of this development and the founder of the association, Farook Mahmood believes it will help to promote transparency in the business. It will also help to encourage free and fair trade practices. In fact, he considers this collaboration to be the biggest leap in the real estate sector.
The move is said to strengthen business opportunities for organization members and help in exchange of market information related to real estate procedures, tax, licensing and foreign investment laws.