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News & Views on Indian Real Estate

Friday, September 12, 2008

REBI Plans To Come Up With A Realty Chain In East

Real Estate Bank India (REBI) is planning to develop 3,000 franchisees across the country, with about 48 outlets in West Bengal in the next few years. Across the eastern region, REBI would open 200 stores, said Mr. Hemant Sikaria, regional head of REBI. "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," Mr. Sikaria added.