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Online sales of property takes off in India

Developers are also using the sites to try to offload excess supply in some markets

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Published Fri, Jul 17, 2015 · 09:50 PM

    Mumbai

    MUMBAI resident Madhumita Mondal got the real estate bug earlier this year and decided to buy an apartment. She did it online.

    Using the e-commerce site Snapdeal.com, Ms Mondal spent 10.1 million rupees (S$217,000) for a three-bedroom apartment in a condominium being built on the outskirts of Mumbai. Usually Ms Mondal buys dresses and books on Snapdeal, but after seeing an advertisement there for apartments, she found buying online saved time and money.

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