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adProperty News

One-stop solution for all property needs
Source : The Hindu Property Plus Published On : 2008-01-26 City : Chennai

For most, property transaction 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 cumber some then running a backgrounder check on chosen one and then going around financial institution for loans before narrowing down on one , is just another painstaking process.

     It is in this backdrop, the Bangalore –based real estate bank of India (REBI) promising to provide one stop solution for all property need has opened its first master franchisee ‘Orange Infraa’ in Hyderabed. Positioning itself as an end–to-end services provider in real estate sector, it offers to help a customer with transparent transaction in brokerage, financial, database and relocation services under one roof.  


     The REBI operates through franchisee model and has already commenced operation in Karnataka, karala, Tamil Nadu and west Bengal apart from extending their services in Sri Lanka. The plans are to expand the operation across the country and also spread the network to countries such as Dubai, UK, US, Sin- gapore,Malaysia and Australia. 

     For the purpose of marking 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 into 106 territories.

     “We will have a franchisee network of 2,000 and 106 master franchisee,” informs the REBI president and CEO Lakshmi narayanan.    

     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 transaction, the REBI is also planning to start an Academy of real estate by April.


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