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Local search leader, launches property portal

India, Chennai, October 4, 2011: Leading Indian online search platform, has announced a specialized site devoted to real estate: Property  facilitates the buying or selling property, rentals, provides information on localities and brokers, to name a few -- kicking off with 67,000 unique properties across 42 cities in India. Property
is the new avatar of Classifieds Real Estate with sections on residential flats/ apartments, villas, individual houses, plots, land and commercial office spaces. The site features over 1113 detailed projects, with enhanced content including location maps, sitemaps, videos, information on amenities, etc. The basic posting of buy and sell ads is free for a month – though premium paid services are available

Says Satya Prabhakar, CEO,, said, “Having completed a decade of operations, the company is at an inflection point. Property is the first of many exciting launches to come. We are striving to get ‘more local and social’ with every offering. Property will greatly benefit from the momentum and traction built by Classifieds Real Estate over the years, and we are focusing on making it most comprehensive for all home needs.”

Adds Param Parameswaran, Chairman, “Customer centricity is what we focus on, whether online or on mobile and we remain committed to delivering enhanced, innovative services to our user base, across India and abroad.” has helped sell nearly 3,000 apartments in the first month since its beta launch. Over 2.2 lakh responses have been recorded in the first month of launch for real estate sales and 4.5 lakh responses for rentals, which reflect positive user response. is headquartered in Chennai in India and Austin in North America. has offices in Mumbai, Delhi, Hyderabad and Bangalore.