Newscan
The real estate sector in our country is essentially unorganised and viewed with a lot of suspicion, due to lack of transparency. Realty transactions in India are quite complicated, courtesy India’s ubiquitous red-tapism. The Indian real estate industry has more negatives attached to it than any other industry. With bureaucratic red-tape, political patronage to large real estate transactions, Most global investors saw a high level of anarchy as the insignia of the re
al estate sector till a few years ago.
“Not any more” says Mr. Lakshmi Narayanan, President and CEO of Bangalore-based Real Estate Bank International Ltd., (REBI). He was addressing a press conference in Chennai recently. REBI has been offering all services under one roof for both buyers and sellers. Recently it expanded operations in Karnataka, Kerala, Andhra Pradesh and in Tamil Nadu. Further he said there are nearly 14000 real estate brokers in Bangalore, 8800 in Hyderabad and Secunderabad, 18000 in Chennai, 27000 in Mumbai and 120,000 in Delhi, Noida and Gurgaon. ”, he said.
There are also plans to launch two real estate portals - www.locateurproperty.com and www.bharatpropertymarket.com
Chennai Home Fair
There is a three-day Chennai Home Fair beginning August 3 at Valluvarkottam and ending on Sunday. The event is organised by Megaa Visions. Contact: 94442 99188/98844 65840.
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