Disha Direct Marketing Services, a leading player in real estate marketing, has drawn up

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a Rs 250-crore capital expenditure plan to expand its real estate marketing business, a top company official said.

"We have drawn up a Rs 250-crore capex plan to expand our real estate marketing business. We plan to set up 50 property lounges, a one-stop-shop for property buyers across the country in the next three-years," Disha Direct's Managing Director Santosh Naik told PTI here.

The company plans to open property lounges at Thane, Navi Mumbai, Pune, Bangalore and New Delhi in the next 18-months, he said.

The project will be funded through private equity and an initial public offer (IPO).

"We have tied-up for USD 2-million from an angel investor, of which we have received USD 1-million. In the second round of funding,

we expect to raise USD 6-million from a private equity investor, for which due diligence will start in six-months," Naik said.

"We are also looking at raising around Rs 300-crore through an initial public offer in 2013," Naik said.