Kolkata: Bangalore-based Real Estate Bank India Limited (REBI) plans to start operations in West Bengal to provide information on real estate transactions under one roof.
President and CEO of the company Lakshmi Narayanan said on 21 July REBI had begun operations in Karnataka, Kerala, Tamil Nadu and Andhra Pradesh.
He said the model chosen by the company was the franchisee route. REBI would open 3,000 franchisees all over the country. West Bengal would have 40 of them.
REBI has invested Rs 5 crore, while another Rs 25 crore would be spent in the next one year.
Narayanan said REBI had also begun overseas operations in Sri Lanka and would also be present in Dubai, UK, USA, Singapore, Malaysia and Australia.
He said REBI would provide services like brokerage, finance, database and relocation.