Geojit Financial Services on Wednesday launched its property services division, which will offer investors and builders a single transparent platform to buy/sell office and commercial spaces and residential apartments/flats.
The new division will start operations in Kochi, and will gradually cover the other major locations in the state. In the next phase, the other states in South India will be covered followed by the rest of India. The company also aims to tap the large NRI populations in the Gulf to meet their property investment needs by leveraging its presence through joint ventures in UAE and Saudi Arabia.
Said C J George, managing director, Geojit, "Real estate has emerged as an important asset class for retail investors. Through this initiative, Geojit plans to move up the service-value ladder to include new asset classes that require advice and service."
For the service the company has tied up with some realtors like Abad Builders, and RDS Project. Further, Geojit inked an agreement with HDFC Bank for selling home loans and in the process of signing the same with ICICI Bank shortly. Joseph Nivin will head the new division.