House Guru

Here's a message from one of the most important websites (also called portals) on the net about Indian property and houses.

Magicbricks.com is a mega initiative from the Times Group, a high-end property portal, which is on an aggressive growth path of showcasing properties to a global market with its online products and services. With your support, Magicbricks.com, in under a year of its launch, has become the No. 1 Property Portal in the country and the cynosure of the real estate industry levels of interactivity, transparency, and empowering tools unprecedented in the realty space. We pride ourselves that this achievement is not by chance, but by design based on rigorous research, unique product developments, and innovative initiative, that you have supported and embraced. Our aspiration to provide ever-increasing value to Magicbricks.com users drives us to pioneer bigger projects and newer enterprises.

I have a question: why does this website--one of the most important sources of information about property and houses in India--have an American domain name extension (.com) rather than an Indian extension (.in or .co.in)?