New Delhi, March, 2008: Makaan.com, the online real estate portal from the People Group today opened its branch offices in Kolkata and Kochi, taking its total number of branch offices to eleven. This is in procession with its goal to increase its reach in various locations and upcoming cities like Kolkata & Kochi in India.

Makaan.com, within six months of its launch has been able to garner a sizeable market share with innovative offerings like the "Click Pay" concept & Smart Broker Banner. It recently also crossed a major landmark, when 1.5 lakh properties were listed on its site. The site also has approximately 7 lakh visitors on the site every month, making it the fastest growing Indian Real Estate. This is a record for an Online Property Site and proof of the growing popularity of Makaan.com.

Commenting on the occasion, Mr. Aditya Verma, Business Head, Makaan.com, said, "We are seeing a lot of frenetic activity in the real estate sector, particularly in the satellite towns. It makes logical sense for us to be present in such cities, it will surely contribute to our company's growth. The disposable income generated from such cities is rising on a constant basis, thus our decision of choosing these cities".

About Makaan.com
Makaan.com is an online real-estate service promoted by People Interactive; the consumer Internet division of the Anupam Mittal led People Group. This site has been conceived to explore and invent opportunities in the online real-estate space. Makaan.com is committed to helping users make wise and profitable decisions related to buying, selling, renting and leasing of properties, in India and key global geographies. This user-friendly portal is presently concentrating on the top 13 cities of India, including Delhi, Mumbai, Kolkata, Bangalore, Chennai, Hyderabad, Ahmedabad, Pune, Chandigarh, Jaipur, Indore, Kochi and Ludhiana.

About People Group

People Group was founded in 1997 by Anupam Mittal to explore opportunities in New Media, Information Technology, Communication and Entertainment industries. The group recognized early on that the on going 'content digitization' was fundamentally and dramatically going to change these industries and lead to ultimate convergence. Today the group owns and manages companies in the Internet, Mobile VAS, and Entertainment industries and boasts businesses such as Shaadi.com, Shaadi Point, Fropper.com, Makaan.com, Mauj Mobile, and People Pictures.
The group has grown significantly over the last few years and won the IT People Award Excellence in Information Technology in 2007. In September 2007 Business Today recognized the company as one of the Top 10 Marketers in the country. It was also awarded the Deloitte Technology India Fast 50 as well as the Red Herring Asia 100 Awards in 2006.

For further information please contact:
Ridhi Chowfla/ Soumeet Guha

Hanmer & Partners
Cell - 98719 89997 / 9891513189

E-mail: ridhi@hanmerpr.com / soumeet@hanmerpr.com

Belinda Gracias is an Indian Property agent. She has written authoritative articles on Indian Properties and Indian Real Estate