BUY INDIAN PROPERTIES

CineMaya Media Group, Inc., (OTCPK: CNMY) has announced the launch of its new service “Buy Indian Properties” to cater to the needs of the real estate industry in India for marketing properties to Non-Resident Indians (NRIs).
CineMaya Media Group and its media-entertainment-marketing businesses have been associated with the real estate industry in India for the past 6 years. The company’s experience with the Indian real estate industry ranges from organizing the MCHI & CREDAI India Property Expos in USA and Canada in 2006 and 2007 to publishing real-estate news and advertising in its publications “The Indian Express North American Edition” and “Divya Bhaskar North American Edition”. Through years of interaction with developers, property marketers, NRI (Non-resident Indian) property buyers, and the housing finance sector, CineMaya Media Group identified a demand to create a solution to address the needs through the multi-platform marketing solution, and build value for all.
With that mission, CineMaya Media Group has endeavored to launch Buy Indian Properties – a marketing service consisting of Real Estate Expos, a Magazine, and an online portal.
With NRIs who immigrated in 70s and are looking for a home in India, home bound H1 professionals, and the growing bi-continental business persons, North America offers probably the most fertile market that remains untapped by real estate industry from India. The Buy Indian Properties Expos will be held semi-annually across major cities in USA and Canada with large Indian populations, and bring together developers and financial institutions from across India to meet a diverse mix of NRIs. Major PR and advertising initiatives are ready to support this service in North America and India, and will be launched shortly. These will use media as well as grass roots to attract the target audience.
Buy Indian Properties Expo
The summer schedule for the Buy Indian Properties Expo 2008 is as follows:
Canada - May 31 & June 1, 2008 - International Convention Center in Mississauga (Greater Toronto Area)
Houston - June 4 & 5, 2008 - Stafford Centre Performing Arts Centre & Convention Centre
New Jersey - June 7 & 8, 2008 - Holiday Inn Resorts and Conference Center, Edison
Buy Indian Properties Magazine
The Buy Indian Properties Magazine published (in print on a quarterly basis) and online as an E-Zine, will provide relevant news and information about the Indian Real Estate and affiliated industry to NRIs across the world.
BuyIndianProperties.com
www.buyindianproperties.com will offer up-to-date news, information, micro-sites, and interactive services to visitors from across the world interested in buying property in India.
Nayan Padrai, President of CineMaya Media Group states “Buy Indian Properties offers a value proposition unlike any other in the marketplace, created specifically for the real estate industry throughout India to better reach, communicate and sell properties to NRIs through information and advertising, and personal interaction at expos. This is our first major service and media property launched from our new India based operations to serve the Diaspora. To that end, we have employed an experienced team of professionals in India for product development (expo-print-online), business development, research, coordination, and to forge alliances with key members of the real estate community.”
Indian real estate has gained a lot of traction from both within and outside the country from NRIs (Non-Resident Indians) in the past couple of years. Huge pent up demand and access to funds were the key drivers for propelling the Indian real estate market into overdrive.
The industry received the much-needed first shot of funding in 2005 wherein the foreign direct investment (FDI) route was opened up for Indian real estate. Since then the Indian real estate sector has transformed to reach $57 billion in 2007 in market size, and is estimated to reach $105 billion by 2012 growing at about 12.8% (Source: ICICI Securities, Deutsche Bank Research). More than 30% of FII (Foreign Institutional Investor) in 2006 as well as 2007 is estimated to be into the real estate sector with total inflow since March 2005 estimated to be $30bn (Source: Cushman and Wakefield).
The accelerating growth momentum has paved the way for exciting opportunities for both domestic as well as international investors, especially NRIs. As the industry becomes more formalized and professional in its approach, REIT (Real Estate Investment Trust) activity will further leverage individual investor money into circulation making the sector more investment savvy in terms of fair and comprehensible valuations and traceability.
India is experiencing an acute housing shortage, with an estimated shortfall of over 20 million units (Source: National Building Organization). The government is targeting 700,000 units to be built in urban areas each year and aims to provide housing for all citizens by 2012, requiring an investment at close to $800 billion. Further demand driven by increasing urbanization and working population, growth in incomes, easier access to finance, reduced interest rates for housing loans and the replacement of traditional family structures with the nuclear unit have resulted in an upsurge of home buying activity with the average age of first time buyers dropping by nearly 20 years to 30-38 year olds (Source: Assocham).
For the individual home buyer this has resulted in professional developers creating world class residential outcomes in integrated township formats that address the infrastructure issues in India by providing alternative private infrastructure and walk to work environments, social infrastructure and retail environments that make these developments self sufficient.
Buy Indian Properties is operating in this robust climate as a bridge between NRIs and the developer/finance sector in India.
For more information, visit www.buyindianproperties.com or contact (India) Aditi Rajani, Project Director Buy Indian Properties at arajani@buyindianproperties.com or call +919819147317 or (USA-Canada), Neeraj Dhar at ndhar@cinemayamedia.com or call 732-910-2890.
About CineMaya Media Group:
CinéMaya Media Group [Pink Sheets: CNMY] is a leading provider of high quality international South Asian media, entertainment, and marketing services. Established in 2000 as a vertically integrated company, CinéMaya Media Group has since grown into a mini-conglomerate in the ethnic media landscape through its robust businesses within the following areas: Publication, Broadcast Television, Radio, Film & Television Production, Events, and Advertising. More information about CineMaya Media Group may be found on the corporate website, www.cinemayamedia.com.
Safe Harbor:
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not of historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with Pink Sheets.      
For press backgrounder on CineMaya Media Group click here
Media contact details
Aditi Rajani,,
Project DirectorBuy Indian Properties,
+91 9819147317,
arajani@buyindianproperties.com
Neeraj Dhar,
CineMaya Media Group,
732-910-2890,
ndhar@cinemayamedia.com

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