Bangalore-based Real Estate Bank International (REBI) has drawn out an ambitious expansion plan for Rajasthan. REBI offers all the services required in real estate sector.



?We are into brokerage services, financial services, database services and relocation services,? Lakshmi Narayanan, president and CEO, Real Estate Bank International, said.

He said the company has been the pioneer in offering all the services under one roof to make real estate transactions transparent and easy for both buyers and sellers.

?We have already commenced its operation in Karnataka, Kerala, Tamil Nadu and now we plan to expand it in Jaipur and other parts of Rajasthan,? he said.

We have commenced our overseas operations in Sri Lanka and soon would like to go to countries like Dubai, UK, USA, Singapore, Malaysia and Australia,? Narayanan said.

In the next three years it would like to set up 3,000 franchisee all over India. And in Rajasthan alone we expect to set up several franchisee outlets. We hope to have at least 7 franchisee in Jaipur alone.

Elaborating on the services, Lakshmi Narayanan said under brokerage services we extend help in buying, selling and leasing property.

These services are offered through an extensive network of franchisees and also through the Internet. Under database services, exhaustive information of properties will be showcased to the customer, he informed.

India's realty segment is growing at 30-35 per cent per year in terms of investment. At present, the size of the industry is put at $ 16 billion and is expected to grow to $25 billion, $50 billion and $102 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 favourable reforms initiated by the government to attract global investors.

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