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EXECUTIVE SUMMARY the Business of Real Estate Is the Profession Of EXECUTIVE SUMMARY The business of real estate is the profession of buying, selling, renting of land, buildings or house. Property agent/broker in India currently do not need a license to operate, and all the legal work related to property requires a professional lawyer. Real Estate is an area for growth in the country. Many cities are now leaning from Delhi, Bangalore and Hyderabad on how to make profits from real estate business. Apart from the development of high rise buildings in the Delhi (which is today the top realty destinations in India) infrastructure such as schools, malls and hospitals is coming up in a big way that even nearby territories such as Noida, Ghaziabad, Gurgaon and Faridabad are now seeing much land development with its continuous expansion for big residential and commercial projects. • Magic Brick - magicbricks.com - is a high-end property portal that caters to a global market with its unique services and novel online features. Having been launched in the year 2006 by Times Group, Magicbricks has quickly risen to being the best Property Portal in India. It has successfully hosted 75 domestic and over 15 international property shows around the globe. Alexa rank in India – 150 • 99 Acres - 99acres.com - is an web portal in India dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. You can advertise a property, search for a property, browse through properties, build your own property Microsite, and visit other Indian and International sites. Alexa Rank in India – 143 • Housing - housing.com - is one of the India’s fastest-growing online real estate platforms. They aim to give home-seekers and home-owners relief from endless onsite visits, consultation, formalities, fake listings, and more. With simple yet innovative interface you can easily search flats in your locality and take a virtual tour of every property. Alexa rank in India – 170 • PropTiger.com was founded in 2011 by Dhruv Agarwala, Kartik Varma, and Prashan Agarwal. The business received $2 million in funding in its first year and in 2012, received an additional $5 million in funding from SAIF Partners and Accel Partners. In 2014NewsCorp announced that they had acquired 25% stake in PropTiger.com for $30 million and in 2015, PropTiger.com entered the secondary market property deal space in Bangalore. In April 2015, PropTiger acquired Bangalore based digital interaction design start-up OoBI, for an undisclosed amount. • CommonFloor was founded by three computer Science graduates, Sumit Jain from IIT Roorkee & Lalit Mangal from IIT Roorkee and Vikas Malpani from JSSATE Bangalore in 2007 from a garage.CommonFloor has raised 4 rounds of funding from three investors. The most recent one being of around $10M from Google Capital, just three months after receiving $30 million funding from Tiger Global. After 8 years and 4 rounds of funding CommonFloor is providing property search services in more than 120 cities across India. CommonFloor is listed in 33 startups by techin asia. MagicBricks Magicbricks, a division of Times Internet Limited, is a wholly owned subsidiary of Bennett, Coleman & Co. Ltd (The Times Group) is a website that provides a common platform for property buyers & sellers to locate properties of interest in India, and source information about all property related issues. Company initiatives Magicbricks with IIM Bangalore launched the Housing Sentiment Index.[1] In this collaboration of two leaders from Academia and Industry- the co-branded “MB- IIMB Housing Sentiment Index”, is all set to capture the “buyer’s mood” on the real estate scenario in India.[2] Services Apart from buying, selling & renting properties in India users have access to the following services as well: News section of Magicbricks “Property Pulse” [3] includes property news, home loans concerns, legal & taxation issues, expert opinion and analysis of property trends. Buyer's Guide, a real estate eBook which covers all the essential steps and stages entailed in property buying and contains answers, quick tips and expert advice on what to look for and how to manage property buying. PropIndex is a tool by Magicbricks which empowers property seekers and investors with detailed information on the movement of residential apartment prices and supply of properties in India for some major cities & has been adding more cities on a regular basis as well. Sahu Jain Family (Redirected from Sahu Jain) Sahu Jain family Ethnicity Agrawal Jain Current Najibabad, Bijnor district, region Uttar Pradesh, India Notable • Rai Bahadur Jagmundar members Das Jain • Sahu Shanti Prasad Jain • Shreyans Prasad Jain • Sahu Ramesh Chandra Jain • Indu Jain • Samir Jain • Vineet Jain They own the Times Group. Sahu Jain family is an industrial family of India. They own the Times Group and its parent company, Bennett, Coleman & Co. Ltd., the most widespread selling English newspaper in the world. The members of the extended family have interests in education (S P Jain School of Global Management), chemicals (DCW Ltd.) and finance (DoubleDot Ltd. and Crescent Finstock Ltd). They are of Agrawal Jain community. Sahu Jains hail from a small town of Najibabad, Bijnor district (near Meerut, 180 km from Delhi), Uttar Pradesh, India Members The leading members of the family have been Rai Bahadur Jagmundar Das Jain, Sahu Shanti Prasad Jain, Sahu Shreyans Prasad Jain, Sahu Ashok Kumar Jain Sahu Ramesh Chandra Jain, Sahu Samir Jain, Sahu Vineet Jain, Sahu Deepak Jain and Indu Jain. Jnanpith Awards, are given by the Bharatiya Jnanpith organization founded by the family. The group has also founded a few other awards that are coveted honours in the fields of fashion, movies and business in India - namely the Miss India title, Filmfare Awards(movies) and the Economic Times Awards for Corporate Excellence. The Times Group has diversified into many fields. The Times of India (world's largest circulated English newspaper), the Economic Times, FM Radio Mirchi, the Planet M music store chain, the biweekly magazine Femina India, the Indiatimes portal, the 24 hours English news channel Times Now, the Bollywood news and music channel Zoom are owned by the Sahu Jain family. In 2008, the group acquired Virgin Radio (renamed to Absolute Radio) in the United Kingdom, which they sold after making a loss of £31 million in 2013 MagicBricks: India’s No-1 Property Site Times Business Solutions launched MagicBricks.com in August ’06, as a platform to bring together property seekers and sellers in the real estate industry. Within three months of its launch, MagicBricks.com achieved the status of being the No.1 property portal in India. With its revolutionary next-gen services customized specifically to address the real estate industry it has consolidated its position as the leader in the sector. MagicBricks.com provides a common platform for all users, and provides a space for property buyers & sellers to locate properties of interest and source information about all property related issues in a transparent and unambiguous process. Magicbricks.com is India’s No.1 property portal. With monthly traffic exceeding 6 million visits and with an active base of over 5 lakh property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content and research services, which have helped us build the largest audience pool MagicBricks.com offers a pan – India coverage of over 500,000 active listings, showcasing the Indian real-estate market. MagicBricks.com currently records over 10 million page-views per month, and comes packed with a host of tools, never witnessed before by Real-Estate Industry including Location Map Service, Email Alerts, Exclusive developer Micro-Sites, Virtual Walkthroughs, Rent Zone, Luxury, Deals, Decor, etc. MagicBricks.com observed that the majority of people, in this business, did not access the internet on a daily basis, but conducted their business over mobile phones. Thus the most valued services pioneered by MagicBricks.com, which further advanced its leadership, were the Mobile & Internet convergence services, with the launch of ‘MagicSMS’, ‘Click to Call’, ‘Property Leads on SMS’ and ‘MagicBricks Mobile’,. Through the ‘Magic SMS’ service, users can send free SMS through the website to sellers for properties and buyers for requirements that interest them and with “Click to Call” users can call sellers for free through the site. MagicBricks.com also provides developers and real estate agents – ‘Property Leads on SMS’ – a premium service that offers instant SMS updates of new properties listed as per the subscriber’s requirements. Not one to rest on its achievements, MagicBricks.com launched, India’s first Mobile Property Portal – ‘MagicBricks Mobile’. This application enables users to search for properties by type, budget and city on their GPRS enabled cell-phone. Users can instantly contact the concerned person by sms or phone call and the application stores the history of the contacts they have made in past sessions, for easy recall and follow-up. MagicBricks.com’s Research and Analysis wing that constantly monitors the property and real-estate market in the country, providing insights, impact assessment reports, official forms, legal & taxation expertise and realty rates to MagicBricks.com users. With such offerings, it is evident MagicBricks.com retains its leadership position with over 8 lakh registered users, including over 65,000 real estate agents and more than 13,000 builders having their presence on the site. 99acres.com 99acres.com is an Indian real estate database website was bought in 2005. Its parent company is Info Edge (India) established by Sanjeev Bikhchandani with its headquarters in Noida, Uttar Pradesh and regional offices in cities like Bangalore, Mumbai, Chennai etc.
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