After the bank loan was approved, the Trust was able to apply for funding.
"Once we did that and got the land, that's when things started happening. We were able to apply to funding agencies like Trust Waikato."
The opening was celebrated over five days, with religious formalites held both morning and night to consecrate and bless the new temple.
On Friday, Labour leader Andrew Little, along with his deputy Grant Robertson and Hamilton-based Labour list MP Sue Maroney, visited the temple.
Little said the temple was a great achievement for what is a multi-cultural city.
"It's good too, as a city like Hamilton grows, that those new communities and ethnicities find a way to do their thing and express themselves," said Mr Little.
"I think it's fantastic they've been able to do that and that they've been supported by local community organisations as well."
Visitors packed the temple over the five-day celebratory period. Many travelled from around New Zealand along with four priests who flew from India to mark the occasion.
Now the opening celebrations have concluded, the temple, hall and kitchen will be open to the public for various functions. Sri Balaji Temple is at 2 Kent St, Frankton.