(PRWEB) September 22, 2005
Info Edge (I) Pvt. Ltd, with a successful track record of running online businesses like Naukri.com and Jeevansaathi.com, officially marked its entry into the online real estate arena with a grand launch at Hotel Intercontinental (Delhi) on September 14, 2005, of its property portal -- 99acres.com.
99acres.com has over 10,000 properties listed on the site and has over 1 lakh visitors. This makes it India's No.1 property site in terms of traffic, according to Global Alexa ratings. 99acres.com has around 1,000 clients (brokers & builders) advertising on the site.
99acres.com enables buyers to search properties of their choice in the most convenient manner and enables sellers to advertise and market their properties at very competent rates. Brokers and builders benefit from this site by reaching a wider customer base and getting more queries. However, currently, 99acres.com is accepting free registrations as an introductory offer for basic property listing.
99acres.com has been actively promoted online and at property related events and plans are afoot to promote it in the print and electronic media as well.
According to Mr. Hitesh Oberoi, COO and Director, "The investment plans for the website's infrastructure and promotional developments will be from Rs.7-10 crores in the next 12 months."
For more information please visit http://www.99acres.com.
99acres.com is owned by Info Edge (I) Pvt. Ltd. Info Edge started in 1989 and It was in the business of selling reports and providing project and marketing related consulting services to its clients. Info Edge also provided management consulting services to a number of clients in India and abroad. Over the next few years Info Edge evaluated the idea of providing job information to the public independently but was unable to identify a financially viable technology backbone till the Internet entered India. After that Info Edge created history with the success of Naukri.com and Jeevansathi.com.