Indian Real Estate industry is going through a transition phase. Most of the Real Estate Sector in our country is still in the unorganized sector. Despite of good growth prospects, it is still highly unrecognized sector, which is also supposed to be one of the most corrupt sectors. It is Unorganized, Unrecognized and where half the transactions go Unreported. Property transaction in India is still extremely complicated, courtesy India’s ubiquitous red-tapism. The Indian Real Estate Industry has more negative adjectives attached to it than any other industry. This high order of anarchy was the insignia of the real estate sector till a few years ago. Not any more says Mr. Lakshmi Narayanan, President and CEO of Bangalore based company Real Estate Bank India addressing a press conference in Hyderabad today on the occasion of inauguration of “Orange Infraa”, A.P’s first Master Franchisee today by Mr. Chandrababu Naidu, former Chief Minister of Andhra Pradesh.REBI comes out with India's first Property Shops Chain
Wednesday, January 23, 2008
REBI comes out with India's first Property Shops Chain
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