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Indians Are Spending Millions Buying Homes Online

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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, Mondal spent 10.1 million rupees ($159,000) for a three-bedroom apartment in a condominium being built on the outskirts of Mumbai. Usually Mondal buys dresses and books on Snapdeal, but after seeing an advertisement there for apartments, she found buying online saved time and money.