Real Estate Firm REBI to Get Bigger

July 16, 2007	(1 votes, average: 3 out of 5)  Loading ...
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Bangalore based Real Estate Bank International (REBI), is planning its expansion both at domestic as well as international level with an investment of Rs 250 million.

REBI already enjoys a strong presence in Karnataka, Kerala, and Tamil Nadu and would take up the route to countries like Sri Lanka, US, UAE, Singapore, Malaysia, and Australia. 

The company plans 3,000 franchisees all over India in the next three years. It offers single window services for customers in the Real Estate Sector. The services include brokerage, financial, database, and relocation services.

REBI has been playing a leading role as a real estate service provider that makes property transactions transparent and simple for both buyers and sellers, Lakshmi Narayanan, president and CEO, REBI.

The company envisages generating revenue of around Rs 2 billion within the current fiscal year as a part of its first year operations.

The size of Indian property market is likely to reach to $25 billion in 2010 from the current $16 billion.  According to Narayanan, the reseller market is already large enough. Considering the same fact, REBI expects to bag 15-20% of the transactions market by 2009-2010.

The company also has the plans to start the country’s first real estate toll free helpline.

News Published Under:   Bangalore |