Global Infocomm to open 600 real estate showrooms

New Delhi-based Global Infocomm is planning to open 600 real estate showrooms at a cost of Rs 120 crore. Of the 600 real estate showrooms, 70 will be set up in Uttar Pradesh with an investment of Rs 15 crore.

SK Jain, managing director, Global Infocomm Ltd, said the property shops were places where people could buy, sell or rent properties instantly.

Jain said the company planned to open a countrywide chain of property shops, starting with 16 in Delhi and the NCR, Lucknow and Kanpur by December. Agra and remaining districts of UP would follow by the end of next year

The 1,000-sq ft showrooms would have a five-star ambience and a centralised presentation system. Jain said the property shops would be interlinked through a VPN network to the company portal "Jaaydaad.com", which would serve as a centralised database of all the hot properties listed at the 600 property shops for sale or rent.

Through these property showrooms, he said the company was aiming to create the "largest organized real estate marketing network" in India.