Real Estate Bank India (REBI), is planning to set up 3,000 franchisees across the country, with about 48 outlets in West Bengal in the next few years.

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Across the eastern region, REBI would open 200 stores, said Hemant Sikaria, regional head of REBI, on the occasion of launch of  two-day expo, Franchise Expo 2008-09.

This would be a platform for entrepreneurs and business houses to explore business opportunities in real estate. 

REBI was present in places like Bangalore, Bhubaneshwar, Chennai, Coimbatore, Delhi, Hyderabad, Jabalpur, Jaipur, Lucknow, Ludhiana, Mysore, Surat, Trichy, Truvandrum  and Varanasi.

“India’s realty segment is the only industry with a track record of 30-35 per cent growth per year in terms of investment. With the realty sector booming in east, we are confident that to be able to provide solutions to all real estate requirements of the people here,” Sikaria said.

REBI provides a single window service for brokerage services, financial services, database services and relocation services. 

REBI claimed it had tie-ups with organisations like KPMG and TCS to leverage on their business process validation and technology platform.

The Indian real estate industry is currently growing at a pace of more than 25 per cent per annum.

Real estate stock in India was expected to reach $1400 billion by 2010 according to CRISIL.

"With all related aspects of real estate like construction technology, innovative construction materials, architecture and design and the proverbial last frontier is the manner of service delivery in real estate. REBI is in the process of getting this part of the real estate business organised," Sikaria said. 

REBI claimed to have a chain of retail outlets for real estate transactions in west Asia, Sri Lanka, Singapore, Malaysia, Australia, the US and UK.

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