iProperty.com Group Acquires Indias Leading Online Property Portal RealAcres.com
Summary
Kuala Lumpur, Malaysia, September 17, 2008 --( Based in Mumbai, RealAcres.com boasts over 211,000 property listings on its websites and approximately 100,000 unique visitors each month.We firmly believe that application of our vast experience to the exciting, high-growth India market will allow us a fantastic opportunity for enormous success.” As the bustling Indian economy continues to make leaps and bounds into the future, its flourishing property market and active developers continue to grow exponentially in an attempt to keep up with the burgeoning middle class’s thirst for new housing.The iProperty.com Group expects to bring its suite of print, exhibition and online luxury products to the India market in partnership with Realacres.com in due course.We firmly believe that application of our vast experience to the exciting, high-growth India market will allow us a fantastic opportunity for enormous success.”As the bustling Indian economy continues to make leaps and bounds into the future, its flourishing property market and active developers continue to grow exponentially in an attempt to keep up with the burgeoning middle class’s thirst for new housing.The Indian market was estimated to have spent 6,781.5 million INR (SGD231 million) in 2007 on property advertising and that number is expected to grow significantly over the next 10 to 20 years.Smita Thorat, CEO of Horizon Infoventures said: “We sought out a leading Asian group to work with us to take our business to the next level and are excited to now be a part of iProperty.com Group and the iProperty.com network.”The acquisition of RealAcres.com sees the iProperty.com Group add to its market-leading online property operations in Singapore, Malaysia, Hong Kong, Taiwan and the Philippines, and represents its latest in a string of acquisitions since its listing on 11 September 2007.The iProperty.com Group expects to bring its suite of print, exhibition and online luxury products to the India market in partnership with Realacres.com in due course.### Contact Information iProperty.com Chris Cheung +6598428922 www.iproperty.com +60166031271 Click here to view the list of recent Press Releases from iProperty.com Promote Your Business Press Release Pricing Email this page to a friend