Released on: February 25, 2008, 1:39 am

Press Release Author: Belinda

Industry: Real Estate

Press Release Summary: Hyderabad, February 2008: Real estate portal Makaan.com
hosted its first offline property show in Hyderabad at Chiran Fort Club, Begumpet.
The two day property fair was inaugurated by Mr. Anupam Mittal, CMD, People
Interactive Group with Mr. Prasad Rao, Director, Aparna Developers as the special
guest for gracing the occasion.

The property fair provided 11 leading developers of the country a chance to showcase
their properties, which included both commercial and residential projects. The show
is sponsored by one of the prominent realtors - APARNA developers.


Press Release Body: Hyderabad, February 2008: href=\"http://www.makaan.com\"> Real estate portal Makaan.com hosted its first
offline property show in Hyderabad at Chiran Fort Club, Begumpet. The two day
property fair was inaugurated by Mr. Anupam Mittal, CMD, People Interactive Group
with Mr. Prasad Rao, Director, Aparna Developers as the special guest for gracing
the occasion.

The property fair provided 11 leading developers of the country a chance to showcase
their properties which included
both commercial and residential projects. The show is sponsored by one of the
prominent realtors - APARNA developers.


The show which was being held from 5th to 6th January saw more than 11 participants,
including real estate developers,
realty marketing companies and housing finance corporations. Many prominent
developers and others had set up their stalls at the fair bringing some of their
best projects to their customers. The visitors at the fair are mainly interested in
Residential or commercial
property. Stalls at the fair help the formation of a transparent marketing
channel between buyers and sellers and on top of this, even real estate brokers
attended this event which is the main target segment for href=\"http://www.makaan.com\"> Makaan.com .

The event is organized with an aim to bring together real estate business community
on a single platform so as to enlarge business prospects and to make customers aware
of the latest offerings and technologies. Hyderabad Property Fair offered the
opportunity to the prospective participants to showcase their multiple choice
quality flats, villas, farmhouses, bungalows, office space etc under one roof. It
also promises to create an avenue to the exhibitors to multiply their business
proposition by providing an enjoyable experience to the visiting luxury class
audience.

Hyderabad has been rated as one of the property hot spot in South India and may
global companies have set up their offices in the city. As per the real estate
analysts, there is a lot of scope for realtors and investors in the real estate
sector in the city.

Elated at the response of the fair, Mr. Anupam Mittal, CMD, People Group, said," In
India\'s fast-growing economy, real estate has emerged as one of the most appealing
investment areas for domestic as well as foreign investors. The real estate sector
will continue to derive its growth from the booming IT sector, since an estimated 70
per cent of the new construction is for the IT sector. Real estate websites are
still in the nascent stage with a total share of just Rs. 30 crore. But in the
coming years, this particular sector is projected to increase by 150 to 200 percent
every year. I am happy to announce that we have launched Makaan.com four months back
and within a short span of time we have managed to have lakh visitors on our site
which are the positive signs of the online realty industry."



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 has been
conceived to explore and invent opportunities in the online real-estate space.
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.

This user-friendly portal is presently concentrating on the top 13 cities of India,
including Delhi, Mumbai, Kolkata, Bangalore, Chennai, Hyderabad, Ahmedabad, Pune,
Chandigarh, Jaipur, Indore, Kochi and Ludhiana.

About People Group
People Group was founded in 1997 by Anupam Mittal to explore opportunities in New
Media, Information Technology, Communication and Entertainment industries. The
group recognized early on that the on going 'content digitization' was fundamentally
and dramatically going to change these industries and lead to ultimate convergence.
Today the group owns and manages companies in the Internet, Mobile VAS, and
Entertainment industries and boasts businesses such as Shaadi.com, Shaadi Point,
Fropper.com, Makaan.com, Mauj Mobile, and People Pictures.

The group has grown significantly over the last few years and won the IT People
Award Excellence in Information Technology in 2007. In September 2007 Business Today
recognized the company as one of the Top 10 Marketers in the country. It was also
awarded the Deloitte Technology India Fast 50 as well as the Red Herring Asia 100
Awards in 2006.




Web Site: http://www.makaan.com

Contact Details: For further information:
Belinda Gracias
People Interactive
E-mail: Belinda.g@peopleinteractive.in