Online real estate biz at 3%, growing over 100% annually

The on-line real estate portals have able to garner around three per cent of the total industry transactions and eastern region was fast catching the trend. "The market share for on-line real estate market was 0.5 percent 2-3 years back and now it has grown to 3 per cent," India Property Online Regional Manager (East) Srinivas Verma told PTI here.

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The share of eastern India on the on-line medium for property transactions was low compared to west, north and south. "It is low compared to other regions, but the same is growing at a healthy pace," Verma said.

He said though the share of on-line in the total real-estate market was small, "but we are hopeful that it will grow sharply with the awareness we are aiming at."

The company which managed indiaproperty.com, on-line property portal, was running its first property show -- Grihapravesh here. "We expect booking from this fair to be around Rs 20 crore," Verma said.

He said at the time when the sector was under stress such events bringing both buyers and developers helped in decision making by potential buyers.

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