The iProperty.com Group, buyer of Asia’s arch online acreage group, as able-bodied Singapore’s No. 1 absolute acreage website, iProperty.com.sg (http://www.iproperty.com.sg), has acquired a authoritative pale in Horizon Infoventures Private Limited, owners of the arch Indian acreage affairs website, RealAcres,com (http://www.realacres.com). This carefully follows the barrage of Asia’s aboriginal bounded affluence acreage website – iLuxuryasia.com (http://www.iluxuryasia.com).
Based in Mumbai, RealAcres.com boasts over 211,000 acreage listings on its websites and about 100,000 different visitors anniversary month. The aggregation currently focuses on the Western India market, admitting it maintains acreage portals for all above cities above the country.
The absolute online absolute acreage media aggregation had aswell launched “RealAcres TV Shows” aboriginal this year, a new articulation featuring Online Television Interviews of absolute acreage players. The agitative new articulation appearance interviews with assorted top builders, developers and absolute acreage experts administration their angle on the booming absolute acreage bazaar as able-bodied as address ablaze on their aggregation articles and profile. The advance of RealAcres.com, accompanying with the rapidly booming India absolute acreage market, underscores the company’s potential.
Mr Patrick Grove, Executive Chairman of the iProperty.com Group, noted: "We are captivated with the accretion of RealAcres.com in India. It has huge abeyant for advance and we are actual aflame to accept the befalling to plan with the talented, committed and motivated bounded aggregation to rapidly consolidate the bazaar position of RealAcres.com and move to boss the India bazaar in due course. We durably accept that appliance of our all-inclusive acquaintance to the exciting, high-growth India bazaar will acquiesce us a absurd befalling for astronomic success.”
As the alive Indian abridgement continues to accomplish leaps and bound into the future, its blooming acreage bazaar and breath developers abide to abound exponentially in an attack to accumulate up with the beginning average class’s appetite for new housing. Recent letters accept apparent that appeal for new apartment exceeds the accumulation by about 20 actor units. When this absurd appeal is accumulated with the amazing advance in Internet users in India, with 90 to 95 actor humans accepted to be online above the country by aboriginal 2010 , it is bright to see that RealAcres.com is altogether positioned to ride this beachcomber of development and to capitalize on the astronomic online bartering befalling it presents. The Indian bazaar was estimated to accept spent 6,781.5 actor INR (SGD231 million) in 2007 on acreage bartering and that amount is accepted to abound decidedly over the next 10 to 20 years.
Smita Thorat, CEO of Horizon Infoventures said: “We approved out a arch Asian accumulation to plan with us to crop our business to the next akin and are aflame to now be a allotment of iProperty.com Group and the iProperty.com network.”
The accretion of RealAcres.com sees the iProperty.com Group add to its market-leading online acreage operations in Singapore, Malaysia, Hong Kong, Taiwan and the Philippines, and represents its latest in a cord of acquisitions back its advertisement on 11 September 2007.
The iProperty.com Group expects to accompany its apartment of print, exhibition and online affluence articles to the India bazaar in affiliation with Realacres.com in due course.
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