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REBI planning larger

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Claimed sources to www.propertykhazana.com says, Real Estate Bank International (REBI), a Bangalore based company is proposing its growth at both domestic and in international with an investment of Rs. 250 Million. Already REBI is enjoying a burly existence in Karnataka, Kerala and in Tamil Nadu and also will take up the path to the countries like Sri Lanka, US, UAE, Singapore, Malaysia and Australia. Company is proposing to have 3,000 licenses all over India in the coming 3 years and it offers solo window services for the customers in the realty segment. Service also comprises brokerage, financial, database and moving services and company have a plan to launch country’s first realty toll free helpline.
REBI is been playing as the main role in the realty service providing which makes the land transactions transparent and easy for both purchasers and for sellers, said Lakshmi Narayanan, President and CEO of REBI to the www.propertykhazana.com.
Company foresees producing revenue of about Rs. 2 Billion within the present financial year as the part of its initial year operations. The dimension of Indian Property Market is expected to reach to USD 25 Million by the year 2010 from the present USD 16 Billion. As per to Narayanan, the reseller market is already big sufficient and allowing the similar detail, REBI suppose to grab 15-20% of the transactions market by 2009-10.
Source: NBTVLIVE

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