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One-stop solution for all property needs
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Bangalore-based Real Estate Bank India has opened its first franchise in city
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For most, property transactions at times is a rather baffling and complicated exercise that involves too much of running around. If search for right property turns out to be too cumbersome then running a backgrounder check on chosen one and then going around financial institutions for loans before narrowing down on one, is just another painstaking process.
It is in this backdrop, the Bangalore-based Real Estate Bank India (REBI) promising to provide one-stop solution for all property needs has opened its first master franchisee ‘Orange Infraa’ in the city. Positioning itself as an end-to-end services provider in real estate sector, it offers to help a customer with transparent transactions in brokerage, financial, database and relocation services under one roof.
Widespread
The REBI operates through franchisee model and has already commenced operations in Karnataka, Kerala, Tamil Nadu and West Bengal apart from extending their services in Sri Lanka. The plans are to expand the operations across the country and also spread the network to countries such as Dubai, UK, US, Singapore, Malaysia and Australia.
For the purpose of making available all the necessary inputs at one point, the REBI says it is in the process of setting up an extensive franchisee network and also make the same available online. A real estate helpline in the form of toll free service is also to be offered.
The country has been mapped as 106 territories and each divided further into 20 areas which will be represented by a franchisee.
The areas are to be divided into locality and street levels and all the available options in that place will be made available for a customer by the franchisee. “We will have a franchisee network of 2,000 and 106 master franchisee,” informs the REBI President and CEO Lakshmi Narayanan. Tie-ups with developers and financial institutions offering loans will help a buyer in easy narrowing down of options, he says.
Since old properties come with legal issues and stability factors, the company will work on them to come with up with Ready Certified Property tag which will ensure the buyer is freed from several hassles.
Given the mismatch between high real estate activity and lack of good manpower to ensure help in transactions, the REBI is also planning to start an Academy of Real Estate by April.
T. L.S
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Property Plus
Bangalore
Chennai
Hyderabad
Kochi
Malabar
Thiruvananthapuram
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