REBI Plans India’s First Property Shops Chain

January 24, 2008	(Be the first to rate this story!)  Loading ...
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REBI is prepared to make things and transactions in Real Estate transparent for both buyers and sellers. This win-win formula comes as whiff of fresh air as REBI has already commenced its operation in Karnataka, Kerala, Tamilnadu. Now expands to Andhra Pradesh and are planning to get all over India very soon. Rebi has also started its overseas operations in Sri Lanka and is targeting countries like Dubai, UK, USA, Singapore, Malaysia and Australia in the next phase.

REBI is relying on the Franchisee model to give shape to its plans, within the next three years it is likely to set up 3000 franchisees all over India. In Andhra Pradesh alone, it is expected to set up 40 franchisee outlets. It has already pumped about Rs 5 crore in this model and expects to chip in another Rs 25 crore in next one year. REBI envisions to provide a single window services for a customer in real estate industry. The services offered by REBI include Brokerage Services, Financial Services, Database Services and Relocation Services.

Discussing the kind of services that will be there Mr. Lakshmi Narayanan said under Brokerage services we extend help in buying, selling and leasing property. These services are offered off-line, through an extensive network of franchisees and on-line, through the internet. A Real Estate Helpline is offered Toll Free Service to the customer. Deals are processed through this network are backed by extensive research. Under Database Services, exhaustive information of properties will be showcased to the customer, he informed.

The present boom in the Indian real estate is a well known phenomenon; the industry is the only sector in the country witnessing a whopping track record of 30-35% growth per year in terms of investment. Currently the size of the industry is put at 16 billion US Dollars, expecting to be 25 and 50 billion and 102 US Dollars by 2010 2015 and 2017 respectively. The main growth thrust is coming due to favorable demographics, increasing purchasing power, existence of customer friendly banks & housing finance companies, professionalism in real estate and favorable reforms initiated by the government to attract global investors. Indian real estate has huge potential demand in almost every sector especially commercial, residential, retail, industrial, hospitality, healthcare etc.

News Published Under:   Real Estate Developers |

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