PropertyGuru announces partnership with 99acres, India's number one property portal
The move will make it easier for international home buyers to search for properties in Singapore and India
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PropertyGuru.com.sg, Singapore’s leading property portal has signed a deal with 99acres.com, India's premier property website. Under the agreement, India is the fourth country to be added to PropertyGuru's international menu along with Australia, Hong Kong and Macau.
The move is timely, given that India leads the pack of top real estate investment markets in Asia for 2010. Interestingly, there are around 300,000 Indian nationals who are currently residing in Singapore for work and study. Also, more than 80 percent of Indians who invest in private properties in Singapore are Permanent Residents.
In addition, there have been around 65,000 online visitors from India who have accessed PropertyGuru's website so far this year, making India one of the top 10 countries for international visitors to PropertyGuru.com.sg in 2010.
As part of the deal, an “India” link has been added to the international menu tab on the PropertyGuru website, which will take consumers directly to the 99acres site. In addition, a “Singapore” link has been added to the international section of 99acres that will drive users to PropertyGuru's homepage.
With these new features, international home buyers will find it quicker and easier to search for properties in Singapore and India. It will also contribute to an increase in traffic to both portals; improve search engine visibility as well as website ranking.
Both parties will also collaborate in other areas, such as sharing of editorial content and will work together with Singapore and overseas property developers.
“We are excited to be partnering with 99acres, India’s leading property site. This collaboration will not only benefit both companies from a traffic and revenue perspective, but also make it easier for international property buyers to find foreign property. This fully supports PropertyGuru’s strategy to continually innovate and provide better services for our clients,” said Mr. Steve Melhuish, CEO of PropertyGuru Pte. Ltd.
“We are very excited to partner with PropertyGuru.com.sg, Singapore’s leading property site. This collaboration will help serious buyers and investors in India access exclusive property classifieds of Singapore. Joining forces with experts will mutually benefit both the partners and will enable each of us to offer our users a simplified property search experience. This represents a great stride in 99acres strategy to always provide the best to our users,” said Mr. Vineet Kumar, Business Head for 99acres.
This announcement comes on the back of a busy few months for PropertyGuru with recent partnerships with Australia's REA Group, which owns various international property sites including Australia's number one real estate site, realestate.com.au and Hong Kong's squarefoot.com.hk. The most recent deal was with property portal vproperty.mo, one of Macau's most popular websites.
Recently, PropertyGuru also won two industry awards. It was named "Best e-Enterprise Company" at the 2010 SiTF Awards, beating more than 25 companies including the National Library Board and Ministry of Defence to top the category.
In addition, the portal bagged one of only two available awards at the Inaugural Annual SVCA Awards programme for "Best Performing VC-Backed Company". PropertyGuru was recognised for its outstanding business performance over the last three years, with effective use of funds, increase in shareholder value and the role of investors in adding value to the business.
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Media Contacts:
PropertyGuru Pte. Ltd.
Ms Winnie Khoo
Tel: 6238 5971 (O) / HP: 9004 1669
Email: winnie@allpropertycom.sg
99acres.com
Madhurima Chakraborty
Tel: +91 9871830883
Email: madhurima.c@naukri.com
About PropertyGuru International (Malaysia) Sdn. Bhd.:
PropertyGuru Group is a Singapore firm founded in 2006 by two successful entrepreneurs. The Company is best known for running www.PropertyGuru.com.sg, Singapore’s leading property site (sources: Hitwise, Alexa and Google). It also runs www.CommercialGuru.com.sg, Singapore’s only dedicated commercial and industrial property portal, as well as www.LoanGuru.com.sg and online mortgage brokerage with access to over 200+ mortgage deals at any time.
In September 2010, PropertyGuru Group won the Singapore IT Federation (SITF) award for “Best E-Enterprise Company 2010”, recognizing its contribution to the public and real estate industry. The Company also picked up the “CNBC World’s Best Property Award 2009”, “Best Property Portal Asia Pacific 2009” and “Best Property Portal Singapore Award” in 2008 and 2009 – for its www.PropertyGuru.com.sg website. According to Hitwise, Google Insights & Alexa.com, PropertyGuru.com.sg is the leading property portal in Singapore.
www.PropertyGuru.com.sg is used by over 1.7 million consumers who view 26 million pages and generate over 150,000 leads for advertisers every month. The user-base has tripled in the last 12 months, they are ‘mass affluent’ with 53% earning over $100k (source: Aktiv Digital survey with 800 respondents). The site provides real time access to multi-media rich content covering property and home-related products, services, news, advice, guides, tools and largest online property database in Singapore. It works closely with prominent real estate developers in Singapore and overseas, over 18,000 housing agents, and home-related firms.
www.CommercialGuru.com.sg was launched in August 2010 and is used by 100,000 business users, browsing 1 million pages and generating 10,000 leads for advertisers every month. It is Singapore’s only independent, dedicated commercial and industrial property portal.
www.LoanGuru.com.sg was launched in January 2010 and is an independent online mortgage brokerage providing real time access to over 200 mortgage packages from 22 banks. It generates over 500 loan leads per month.
For recent news, please visit www.propertyguru.com.sg/customer-service/press-releases. For more information visit www.PropertyGuru.com.sg, www.CommercialGuru.com.sg or www.LoanGuru.com.sg.
About 99acres:
99acres.com is the no.1 property portal in India. It was launched by Info Edge, in September 2005, as a gateway to the country's property bazaar, and an information 'exchange' for buying, renting and selling of all types of residential and commercial properties anywhere in the country. The website enables easy access to a huge property bank for netizens and allows for direct connect with brokers/builders in cities in urban and remote parts of India. The site received close to 50% traffic share in Aug’10 as per the comScore data and recently emerged as the most sought after property portal on NRIS(Juxt Consult) as well as Indians. With properties of almost 8000 builders, 60,000 brokers and 1,00,000 individuals, the portal lists over 200000 properties at any time. The website has a registered database of 3,00,000 users. 99acres.com is also crowned as the best real estate portal for the year 2009 by the All India Achievers Conference, Builders Information Bureau and Accommodation Times.
For more information or to buy, sell or rent property in India, please log to http://www.99acres.com
For more information, please visit www.99acres.com.