Mumbai: The online property portals were already being widely used by developers and buyers. Now it has been officially announced on the basis of recent statistics that the online real estate business will grow exponentially in the coming years. Industry experts believe that this has been facilitated by the transparency and high quality provided by the online property portals not to mention the convenience and ease with which the portals can be used to obtain information about projects.As property portals in the market are rising in number they are becoming the preferred tool for buying, renting or selling of commercial and residential properties as the amount of information obtainable from these sites is much greater than from any other source.Experts who track the realty sector constantly have made the observation that property portals are becoming the first choice for consumers who are looking to rent a property. Therefore developers are thronging to property portals too. These portals are attempting to bring greater transparency to the entire array of buying and selling properties by increasing the quality and quantity of information available to end-users. The portals continuously update information and are better screened against incorrect listings and spam.The online real estate market is yet far from reaching the distinct level that has already been achieved by the online travel sector or the e-commerce sector. However as the internet is fast penetrating the urban areas and consumers who have easy access to the internet and are using it as their first option to get information about anything and prefer the property portals for all their real estate requirements.Judging by the top line of the listed property portals of the country the size of the property portal market has been estimated to stand at Rs 250 crore.The compound annual growth rate (CAGR) of the online property portal industry is estimated to be 50 to 100% as both the buyers and the developers are fast moving to the internet for an updated communication medium.займ на карту без отказов круглосуточновзять кредит онлайн