Makaan.com Presents Bangalore’s Biggest Property Show- Properties Ranging From 5 Lacs to 5 Cores on Display

~ Property options from Bangalore, Hyderabad, Mysore & Goa to be showcased ~

Bangalore, 28th June 2008: Makaan.com, the fastest growing online real estate portal by People Group, inaugurated its property show in Bangalore today. The Bangalore Property show is the 1st in the city & 6th in the nationwide series of similar events that Makaan.com is organizing. The two-day show being held at Hotel Grand Ashoka, Bangalore was inaugurated by Mr. Anupam Mittal, CMD People Group in the presence of Supermodel Ms. Anchal Kumar.

This property show by Makaan.com is the largest of its kind that Bangalore has seen. 45 leading developers have showcased over 200-property options. Properties ranging from 5 lac to 5 crore are on display at the show. Property seekers will get to choose from options of plots, villas and apartments. Apart from presenting projects from Bangalore, developers at the show have also showcased multiple projects from Hyderabad, Mysore & Goa.

Commenting on the occasion, Mr. Anupam Mittal said,
“Bangalore Real Estate is a burgeoning market with young professionals flocking to the IT city in search of career fulfillment. Our show aims to cater to the housing needs of these upwardly mobile group, and we are looking at providing them with a platform to enable them to engage in a meaningful discussion with property seller”.

Adds, Vijay Reddy, Vice President – Reddy Structures (associate sponsor of the show) “We are very pleased to support the Makaan.com Property Show. We have been making great progress in the last few years, and through this show, we expect to reach a large number of serious property seekers and showcase our projects. We are looking forward to a long-term positive association with Makaan.com”.

Bangalore is amongst the fastest growing cities in India and is experiencing a rapid need for increase in infrastructure. As per Makaan.com data, the city ranks among the top three property hotspots in India. Every month the website gets over 1.22 lac user who are looking for property in Bangalore.

Reddy Structures, in association with Greater Bangalore Estates & Gravity group are co-sponsoring the show. Redefining the way properties are bought and sold, Makaan.com is aggressively expanding customer reach through the property show route, and plans to host 15 such property shows across the country this year.

About Makaan.com
Makaan.com is an online real-estate service promoted by People Interactive; the consumer Internet division of the Anupam Mittal led People Group. This site was conceived to explore and invent opportunities in the online real-estate space, and has within months of its launch managed to attract more than 8.6 lac unique visitors every month.Makaan.com is committed to helping users make wise and profitable decisions related to buying, selling, renting and leasing of properties, in India and key global geographies. The site aims to be user friendly, and has recently launched ‘Makaan Mobile’- India’s 1st and only SMS based mobile application for property sellers, in addition to introducing services such as ClickPay – an offering that enables a property seller to list multiple properties in one ad and a unique rating system, where users rate the properties listed on the site. Makaan.com has Pan India presence, with physical offices in top 13 cities of India, including Delhi, Mumbai, Kolkata, Bangalore, Chennai, Hyderabad, Ahmedabad, Pune, Chandigarh, Jaipur, Kochi, Vizag and Vijaywada.

About People Interactive
People Interactive was founded in 1997 to help architect India’s Internet landscape. Today it is one of India’s leading Internet companies and boasts brands such as Shaadi.com, Shaadi.com Centres, Fropper.com, Makaan.com and Astrolife.com. The company is focussed on discovering and developing scalable Internet business models around communities and classifieds. It prides itself in being a pioneer of Indo-centric Internet business models and believes in innovation led growth.

The company won the IT People Award 2007 for Excellence in Information Technology, and was also awarded the Red Herring Asia Top 100 Awards in 2006. In September 2007 Business Today recognized the company’s flagship brand – Shaadi.com as one of the Top 10 Marketers in the country. Shaadi.com was also felicitated at the WEB18 ‘Genius of the Web’ Awards 2007, as the best E-Commerce site (Matrimony), and Shaadi.com Centres won the ‘Franchisor of the Year Award’ for the third consecutive year in 2007. People Interactive was also named as one of the Top 500 companies in Deloitte Technology Fast 500 – Asia Pacific Awards 2007.

People Interactive is a Sequoia Capital backed company and is part of the Anupam Mittal led People Group.

For further information please contact:
Neha Chadha
9810627134
neha.c@peopleinteractive.in
www.makaan.com