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New Real Estate Service Announced For RBS Clients In India
Vanessa Doctor
16 July 2013
RBS Financial Services, a wholly-owned subsidiary of the Royal Bank of Scotland Group, has launched a new real estate solutions arm aimed at high net worth clients in India. Real Estate Services, the new unit, is a referral-based service that deploys in-house real estate specialists to offer a range of property solutions. The asset class is popular among HNW individuals in India, accounting for some 20 to 30 per cent of a typical HNWIs investment portfolio. "Intelligent investors today are looking beyond the simple purchase of premium homes. They see potential in pre-leased commercial and retail property, as well as small office spaces, structure deals and land or plotted developments," said Anand Moorthy, head of real estate services. RBS Financial Services India offers credit solutions and wealth planning services to high net worth clients through its offices in Mumbai and New Delhi.