Date:09/08/2006 URL: http://www.thehindubusinessline.com/2006/08/09/stories/2006080903911900.htm

Back Realty portal for Chennai market

Our Bureau

Chennai, Aug. 8

Saka Solutions, a software development company with offices in Chennai and the US, has launched www.Veedugal.com, a real estate portal to cater to the Chennai market. The company plans to set up similar region-specific portals to cater to other States. Mr Ajit Kumar Chordia, Managing Director, Khivaraj Tech Park Ltd, speaking at the launch function said that such a portal would reduce the cost of marketing for builders. According to Mr V. Kannan, CEO, Saka Solutions, the portal offers services to consumers, builders and other service providers. Veedugal.com also offers commercial properties and Information Technology parks on its site. The investment into the portal was Rs 5 lakh and was funded by Angel Investors. The cost of advertising on the portal's top slot - 4x15 cm - for a month is Rs 60,000 (pre launch discount is Rs 30,000). The other rates vary according to size, video with music and flash animation.