KOLKATA: The online real estate portals have been able to garner around three per cent of the total industry transactions and the eastern region was fast catching up with the trend.
“The share of the online real estate market was 0.5 per cent two-three years back and now it has grown to 3 per cent,” India Property Online Regional Manager (East) Srinivas Verma told PTI here.
The share of eastern India in the online medium for property transactions was low compared to the west, north and south.
“It is low compared to other regions, but the same is growing at a healthy pace,” Verma said.
He said though the share of online in the total real-estate market was small, “we are hopeful that it will grow sharply with the awareness we are aiming at.”
The company, which manages the indiaproperty.com online property portal, is running its first property show — Grihapravesh -- here.
“We expect bookings from this fair to be around Rs 20 crore,” Verma said.
He said at a time when the sector was under stress, events that brought together both buyers and developers, helped in decision-making by potential buyers.