NEW YORK, NY--(MARKET WIRE)--Apr 15, 2008 -- The recently launched venture of CineMaya Media Group, Inc., (Other OTC:CNMY.PK - News) 'Buy Indian Properties,' a multi- platform solution (expos - magazines - online) for the Indian real estate industry to market properties to Non-Resident Indians (NRIs) and international real estate investors, has received a major boost with the release of a new World Bank report: 'Migration and Remittances Factbook 2008' on foreign remittances to home countries.

According to the report, NRIs (primarily in the USA) sent over $27 billion in foreign remittance to India in 2007, making India the highest recipient of remittances in the world ($27 billion = INR 108,000 crores). A significant portion of this amount went into Indian real estate. The top five recipients of migrant remittances in 2007 were India ($27 billion), China ($25.7 billion), Mexico ($25 billion), the Philippines ($17 billion), and France ($12.5 billion). When one considers the size of the Indian population in America (which stands at a little over 2.5 million) compared to the size of the other immigrant groups such as Mexicans (which totals over 10 million residents) or the Chinese (5 million residents), the remittance percentage per NRI to India is the highest amongst all groups.

Pair this with the fact that India is the second fastest growing economy in the world, with a GDP growth rate of 9.4% for the fiscal year 2006-2007. Indian real estate is growing at a whopping 30% with the $15 billion market expected to reach $90 billion within the next 8 years. Huge demand and access to capital have been the key drivers for propelling the Indian real estate market into overdrive as more and more money is pouring in. The accelerating growth has paved the way for exciting opportunities for both domestic as well as international investors, especially NRIs.

CineMaya Media Group and its related organizations have been affiliated with various facets of the real estate industry in India over the past six years. The company's experience within the industry ranges from organizing the MCHI & CREDAI India Property Expos in the US and Canada in 2006 and 2007 to publishing real-estate news and advertising within its publications, 'The Indian Express North American Edition' and 'Divya Bhaskar North American Edition.' Through years of interaction with developers, property marketers, NRI property buyers, and the housing finance sector, CineMaya Media Group has identified a demand and created a solution to address the needs through developing a multi-platform marketing solution, and building value for all.

Nayan Padrai, President of the CineMaya Media Group, states, "Buy Indian Properties offers a value proposition unlike any other in the marketplace. We have an unparalleled team of experienced professionals in India for product development (expo-print-online), business development, research, coordination, and to forge alliances with key members and agencies within the real estate community. The bottom line is India is one of the hottest real estate markets in the world right now and CineMaya Media Group with its experience and innate business acumen is at the epicenter of these key developments."

While most marketing services are targeted at investors in India, 'Buy Indian Properties' is relatively unique in its multi-pronged approach and accent on the NRI segment. The venture has been created to serve a specific niche and is making it easier for NRIs and other investors worldwide who wish to participate in the booming real estate climate in India.

This summer, Buy Indian Property Expos are taking place in the following cities:

 
Toronto, ON - May 31 & June 1 at International Convention Center
Houston, TX - June 4 & June 5 at Stafford Convention Centre
Edison, NJ - June 7 & June 8 at Edison Holiday Inn and Conference Center

The Buy Indian Properties Magazine and Online Portal are also being launched in June 2008.

CineMaya Media Group, a conglomerate with offices in New York, San Francisco, Toronto, Delhi, Mumbai and now Hyderabad, is set to provide a highly effective and timely bridge between property developers in India and potential buyers from among the burgeoning market of 20 million NRIs worldwide. With its securely established reputation in North America, the group is optimally geared to connect the dots and leverage its initiative in the Indian market. The launch of the India division last year was a big step in that direction. The latest World Bank report, highlighted above, lends further credence to what bodes to be another highly viable business and service venture from CineMaya Media Group.

For more information about Buy Indian Properties, visit www.buyindianproperties.com or CineMaya Media's corporate website, www.cinemayamedia.com.

About CineMaya Media Group:

CinéMaya Media Group (Other OTC:CNMY.PK - News) 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.

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