Real Estate Bank India Pvt. Ltd (REBI) is planning to expand in Rajasthan, Andhra Pradesh, West Bengal and Uttar Pradesh etc via franchise route, confirms Girija Prasad Swain, CEO, REBI.
The company has set up India’s first national organised Real Estate Transaction Network five years ago and is seeking Regional Partners, Master Franchisee and Franchisees along with Real Estate Transaction Advisers (RETAs) for these locations.
The investment requirement to be part of the REBI franchise network is approximately Rs 20 to 40 lakh for Master Franchisee whereas cost for regional partner would range from Rs 2 to 5 crore. At present, the company has 128 franchisees in 42 cities in 18 states and about 300 real estate associates pan India.