Business EconomyPosted at: Dec 5 2024 10:40PM


Magicbricks scales up Site Visit Product in Bengaluru

Bengaluru, Dec 4 (UNI) Magicbricks, India’s leading real estate platform, has scaled up its Site Visit Product in Bengaluru, partnering with over 100 developers, including prominent names like Sumadhura Developers, Provident Group, and Epitome Builders.
In just six months of operation, the program has facilitated over 7,500 site visits across more than 150 projects, leading to over 40 confirmed home bookings. The initiative has seen an impressive average ticket size of ₹1.25 crore per home booking.
The Site Visit Product is designed to streamline the property exploration process for homebuyers and enhance sales for developers. It offers personalized project recommendations based on individual preferences such as budget, location, and configuration.
The program also includes seamless end-to-end logistical support, allowing buyers to make informed decisions more efficiently, ultimately reducing the time taken to close a purchase.
Sudhir Pai, CEO of Magicbricks, commented on the success of the initiative, stating, “Traditionally, residential demand would slow down in December after the festive season, but over the past few years, the desire for homeownership has remained strong, with buyers actively looking for homes year-round.
With India’s first Property Visit Fest, we aim to harness this sustained demand, connecting builders with a highly engaged audience and simplifying the decision-making journey for buyers.”
The program also benefits developers by providing them with a focused sales funnel, linking them with high-intent buyers. Repeat visits have proven to be a strong indicator of buyer interest, with some buyers visiting 4-5 properties in a single day, cutting decision-making time by nearly 50%.
Magicbricks continues to lead innovation in India’s real estate sector with technology-driven solutions that bridge the gap between buyers and developers, enhancing the homebuying experience.
Magicbricks is India’s No.1 property site. With over 2 crore monthly visitors and more than 15 lakh active listings, Magicbricks offers a comprehensive suite of services for property buyers and sellers, including home loans, interiors, and expert advice.
The platform’s deep research-based knowledge powers tools like MBTV, India’s leading online real estate YouTube channel, which provides price trends, locality reviews, and more. UNI BDN SSP
Please log in to get detailed story.
Tags: #Magicbricks scales up Site Visit Product in Bengaluru
More News
Lumino Industries gets Sebi nod for Rs 1,000 crore IPO

Lumino Industries gets Sebi nod for Rs 1,000 crore IPO

17 Jun 2025 | 6:50 PM

Mumbai, Jun 17 (UNI) Lumino Industries, a leading player in the EPC and manufacturing business with expertise in the power and energy sectors, said today that it has received capital markets regulator, Securities and Exchange Board of India’s (SEBI) nod to raise Rs 1,000 crore through an initial public offering (IPO).

see more..
Vipul Organics receives 1st commercial order for its newly developed organic intermediate for final use in automobile industry

Vipul Organics receives 1st commercial order for its newly developed organic intermediate for final use in automobile industry

17 Jun 2025 | 6:36 PM

Mumbai, June 17 (UNI) Vipul Organics Limited, the leading specialty chemicals company in the pigments and dyes segment, announced on Tuesday that it has received the final approval and the first commercial order for a newly developed organic intermediate to be finally used in the automobile industry, marking a strategic expansion into a new product category and new industry vertical.

see more..

Raminfo bags Rs 474 crore order for installing Rooftop Solar Projects

17 Jun 2025 | 5:25 PM

Mumbai, June 17 (UNI) Raminfo, a tech solutions provider, has bagged an order worth Rs 474 crore from Rajasthan Renewable Energy Corporation Limited (RRECL) through a consortium led by the Company.

see more..

HDFC Life partners with Digamber Capfin Ltd

17 Jun 2025 | 5:10 PM

Mumbai, June 17 (UNI) HDFC Life has partnered with Digamber Capfin Ltd with the aim of covering micro loans, thereby enhancing financial inclusion.

see more..

Kottayam-Kochi Rubber Market Rates

17 Jun 2025 | 5:00 PM

Kottayam, June 17 (UNI) Following were the Rubber Market rates announced by the Rubber
Board here on Tuesday per quintal
KOTTAYAM
RSS FOUR: 19800
RSS FIVE : 19500
ISNR TWENTY: 17600
SIXTY PERCENT LATEX: 14265
KOCHI
RSS FOUR : 19800
RSS FIVE : 19500
INTERNATIONAL RATES (BANGKOK)
RSS One : 20137
RSS Two : 19978
RSS Three: 19832
RSS Four : 19753
RSS Five : 19634
KUALALUMPUR
SMR TWENTY : 14529($168.90)
SIXTY PERCENT LATEX : 12046($140.05)
UNI PA BM.

see more..