99acres.com
 | |
| Public | |
| Industry | Real Estate |
| Founded | 2005 |
| Founder | Sanjeev Bikhchandani [1][2] |
| Headquarters | Noida |
Area served | India |
| Parent | Info Edge (India) Limited [3] |
| Slogan | India's No.1 Property Portal |
| Website |
99Acres |
99acres.com is an Indian real estate database website was bought in 2005.[4] Its parent company is Info Edge (India) Limited[5][4] established by Sanjeev Bikhchandani with its headquarters in Noida, Uttar Pradesh and regional offices in cities like Bangalore, Mumbai, Chennai etc.
The website features property listings from builders, dealers and property owners from all Indian cities. The website has several sections.
New Projects
Users can find new and upcoming projects in a particular locality or city. In this section, the user can find three types of properties; newly-launched, under-construction and ready-to-move property types.
Price Trends
Website users can compare the prices of a property in different localities of a same city. It provides information about the current price rates and a quarter to quarter analysis of the area.[6][7]
99acres releases its property report Insite. This report highlights the trends across major metropolitan cities of India.
Mobile Apps
In 2011, 99acres launched property search on mobile. Users can browse and search for properties and connect with the advertisers directly through mobile.[8]
The website also have mobile apps for the Android and IOS users in Dec 2013 & Feb 2014 respectively.[9]
Awards
- In 2012, the website was awarded with the Amity corporate excellence award, ‘web portal of the year’ by accommodation times[10] and ‘most admired real estate website‘ by stars of the industry group.
- 99acres.com also received the Mobile Appies Awards 2015 in the real estate category.[11] The award was announced by GSF India.[12] The “Mobile Appies” Awards were announced in 12 different categories. 4 mobile apps under each category competed for recognition as the best and innovative app.[13] Selection of the winners were decided combining user poll and evaluation by a team of experts. The real estate category included well-known names in the Indian online real estate space- Housing.com, Magic Bricks and Common Floor.
Funding
In September 2014, Info Edge India Ltd, the parent company of 99acres.com raised Rs 750 crore through a qualified institutional placement (QIP) to expand its real estate classifieds business.[14]
References
- ↑ "Bikhchandani hits Rs 722 cr jackpot". Business Standard. November 21, 2006.
- ↑ Kushan Mitra (December 23, 2007). "Dot-com's poster boy - Sanjeev Bikhchandani". Business Today.
- ↑ "Info Edge acquires TooStep.com". Business Standard. Retrieved 16 February 2013.
- ↑ 4.0 4.1 Info Edge launched 99acres.com Quick Facts/Milestones
- ↑ Hema Gopalakrishnan (15 Oct 2014). "Job sites will have to move beyond providing information on jobs". The Hindu. Retrieved 27 August 2012.
- ↑ efytimes (15 Oct 2014). "15% Property Price Appreciation In Q2-13 Over Q2-12". efytimes. Retrieved 19 August 2013.
- ↑ The Hindu (15 Oct 2014). "New launches and price hikes". The Hindu. Retrieved 21 Jan 2012.
- ↑ themobileindian Property Search on Mobile.
- ↑ Indian Express 99acres.com launches its Android and IOS apps
- ↑ accommodationtimes Web portal of the year, most admired real estate site
- ↑ "GSF Moblie Appies Awards". A GSF India initiative. GSF India. 27 Feb 2015. Retrieved 19 Mar 2015.
- ↑ "GSF India". GSF India.
- ↑ Inc42 (12 Feb 2015). "GSF Announces "Mobile Appies" Awards, Platform For Recognizing Best Mobile Apps". Inc42. Retrieved 19 Mar 2015.
- ↑ Madhav Chanchani (16 November 2011). "Info Edge plans a QIP of Rs 750 cr to invest in 99Acres". moneycontrol. Retrieved 18 July 2014.