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99acres.com launches its brand new Ask and Answer section

01-10-2011 01:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: InfoEdge India Ltd.

99acres.com, India’s No 1 real estate portal introduces its brand new Ask and Answer platform (99acres.com/ask) where users can come and get answers as well as share their knowledge on queries related to the property market. This service has been introduced to bridge the existing gaps in the market and address the serious paucity of unbiased information for those interested in the realty sector.

Commenting on the same Vineet Singh, Business Head, 99acres.com said “Property search on the internet has seen exponential growth over the last few years. 99acres.com has always tried to make information exchange easier and more user friendly. Introduction of this platform will further enhance customer experience by providing users with easy solutions to their queries related to the property market. This represents a great stride in 99acres strategy to always provide the best services to their users.”

This is a democratic platform where the value proposition comes from the fact that users get a variety of answers for their query. These queries get answered either by 99acres.com users, in-house experts, or by a panel of over 50 experts from domains like real estate, tax and legal.. There is a robust reward system wherein people who answer questions are awarded points and simultaneously promoted to different levels of seniority on the expert panel. The more qualitative the answer, the more points the user can accumulate. Points and levels are directly responsible for the visibility that users get to enjoy on the homepage’.

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. 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 was also crowned as the best real estate portal for the year 2009 by the All India Achievers Conference, Builders Information Bureau and Accommodation Times.

Info Edge (India) Ltd. A-88,sec-2, noida-201301

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New Delhi, March 3, 2011: According to ComScore, the Global Internet Information Provider, 99acres.com, India’s No.1 property portal, has received a Traffic Share of 56% in Jan‘11. 99acres.com is leading in ‘Total Page Views’ and ‘Time Spent’ on the site, ahead of its competitors by considerable margins. The closest competitor received a traffic share of 22% in Jan’11. On the development, Vineet Singh, Business Head, 99acres.com said, “During the slowdown, we

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