MagicBricks

Last updated

MagicBricks
Company typeReal Estate
IndustryReal Estate
Founded2006;18 years ago (2006)
HeadquartersNoida, India
Key people
Mr. Sudhir Pai
Owner Times Internet
Parent The Times Group
Website www.magicbricks.com

Magicbricks, a division of Times Internet Limited, a wholly owned subsidiary of Bennett, Coleman & Co. Ltd (The Times Group) is a website that provides a common platform for property buyers & sellers to locate properties of interest in India, and source information about all property related issues.

Contents

Company initiatives

Magicbricks with IIM Bangalore launched the Housing Sentiment Index. [1] It was launched in 2013 and the last report generated was in 2014. [2] [3]

Services

Apart from buying, selling & renting properties in India, users have access to the following services as well:

MagicBricks mobile app

MagicBricks also came up with an interface for mobile users to post their properties, upload property photos and videos, edit details, and refresh listings. [7] MagicBricks App offers a comprehensive property search app in India for buying, renting, and selling residential and commercial properties. Users can search for flats, houses, plots, shops, office spaces, PGs, and co-working spaces across major cities.

The app features advanced filters, neighborhood details, and price trends to help refine searches. Users can save favorites, create property alerts, and contact sellers directly. It also allows property owners to post listings and manage inquiries. [8]

MagicBricks campaign

In March 2014, Magicbricks went live with an integrated campaign across all media (TV, Digital, Radio and several others mediums) to position itself as a property portal that helps users decide on the right kind of property. The current campaign carries a tagline "Property Sahi Milegi Yahin". [9]

Awards

YearAwards
2011–2012Real Estate Excellence (REE) Award for the Best Property Portal [10]
2014State Bank of India (SBI) awarded Magicbricks the title of "Partner in Prosperity" [11]
2014The National Real Estate Development Council (NAREDCO) awarded Magicbricks.com the title of "Best Real Estate Portal" [12]

See also

Related Research Articles

<span class="mw-page-title-main">Times Internet</span> Indian multinational technology company

Times Internet is an Indian multinational technology company, headquartered in Gurgaon, India which owns, operates and invests in various internet-led products, services and technology. It is the digital arm of The Times Group, the largest media conglomerate in India. Times Internet currently owns and operates 39+ digital products across news, sports, music, video, trivia, spirituality and a suite of transaction-led market-places across real estate, personal finance, education, jobs, table reservation, agri-business, etc.

<span class="mw-page-title-main">Indian Institute of Management Bangalore</span> Management school in India

Indian Institute of Management Bangalore is a public business school and Institute of National Importance located in Bangalore, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.

A real-estate bubble or property bubble is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom. A land boom is a rapid increase in the market price of real property such as housing until they reach unsustainable levels and then declines. This period, during the run-up to the crash, is also known as froth. The questions of whether real estate bubbles can be identified and prevented, and whether they have broader macroeconomic significance, are answered differently by schools of economic thought, as detailed below.

<span class="mw-page-title-main">Zillow</span> American real estate website

Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by Rich Barton, Zillow's current CEO, and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.

A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.

<span class="mw-page-title-main">Knight Frank</span> Residential and commercial property consultancy

Knight Frank LLP is a global real estate consultancy and estate agency headquartered in London, England.

REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company. REA Group is headquartered in Melbourne, Australia, with subsidiary offices in Wanchai, Hong Kong and Gurugram, India.

<span class="mw-page-title-main">Australian property market</span> Overview of Australian property market

The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation, however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve Bank and some commentators have argued that there is an Australian property bubble.

Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.

<span class="mw-page-title-main">Realtor.com</span> Real estate website

Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Santa Clara, California. It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users.

Lamudi is an online real estate marketplace with operations in 34 countries.

<span class="mw-page-title-main">Commonfloor</span> Indian real estate portal founded in 2007

CommonFloor.com is an Indian real estate portal founded in 2007 by three computer science graduates from IIT Roorkee and JSSATE. On 8 January 2015, CommonFloor received funding from Google Capital. On 7 January 2016, the classifieds advertising platform Quikr announced that they have acquired CommonFloor.com.

Housing.com is a Mumbai-based real estate search portal which allows customers to search for housing based on geography, number of rooms, and various other filters. The company has 6,000 brokers and serves 40 cities in India including Chennai, Mumbai, Bengaluru, Kolkata and Delhi.

<span class="mw-page-title-main">Century Real Estate</span> Indian real estate and construction company

Century Real Estate Holdings is a privately held Indian real estate and construction company founded in 1973 and headquartered in Bengaluru, Karnataka.

The Republic of Panama's real estate industry relies on foreign investment. The sector has grown since 2006, as such investment has helped to fuel Panama's economy and housing market.

UrbanIndo is an online real estate destination providing buyers, sellers and renters of properties throughout Indonesia. Founded in November 2011, UrbanIndo provides a range of services to commercial real estate users, agents, owners, investors and developers to find their desired properties, such as keyword searches, map views, photo gallery and agent searches. The website combines property listing with market information and analytic that user need to make informed decision.

<span class="mw-page-title-main">Mirror Now</span> Indian, English-language television news channel

Mirror Now is an Indian, English-language news channel owned by The Times Group.

The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present which some observers have called a real estate bubble. The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. Bloomberg Economics ranked Canada as the second largest housing bubble across the OECD in 2019 and 2021. Toronto scored the highest in the world in Swiss bank UBS' real estate bubble index in 2022, with Vancouver also scoring among the 10 riskiest cities in the world. The Royal Bank of Canada analysis showed that Canadian housing had become the least affordable that it had ever been. By 2023 Canada’s nonfinancial debt exceeded 300% of GDP and household debt surpassed 100% of GDP, both higher than the levels seen in the United States before the 2008 global financial crisis. Canada's housing investment as a percentage of GDP ratio peaked at 8.9% in 2022, whereas the US at the peak of the housing bubble only reached 7% in 2006.

<span class="mw-page-title-main">Stanza Living</span> Indian student housing company

Stanza Living is the common brand name for Dtwelve Spaces Private Limited. It provides fully-managed shared living accommodations to students and young professionals. Founded by Anindya Dutta and Sandeep Dalmia, the company is present across 23 cities including Delhi, NCR, Bangalore, Visakhapatnam, Hyderabad, Chennai, Coimbatore, Indore, Pune, Baroda, Vijayawada, and Dehradun, Kota in India, with a capacity of 70,000 beds. Stanza Living is a technology-enabled housing concept which provides fully-furnished residences with amenities like meals, internet, laundry services, housekeeping, security and community engagement programmes. The company has an asset-light business model under which it engages in long-term lease agreements with property owners/developers, who convert their assets into shared living residences as per company guidelines. These assets are subsequently operated by Stanza Living.

Mygate is an app created to manage security and community living in housing societies. The app was launched in 2016, and as of November 2021, it claimed to serve over 25,000 housing societies across 27 cities in India. Mygate is owned by Vivish Technologies and headquartered in Bangalore.

References

  1. "IIMB- MagicBricks Partner Launch Housing Sentiment Index – Indian Institute of Management Bangalore". Iimb.ernet.in. Retrieved 17 October 2014.
  2. "Housing Sentiment Index - Property Survey By MagicBricks and IIM Bangalore". www.magicbricks.com. Retrieved 8 November 2023.
  3. "Home buyers expect prices to fall in 6 months: Survey". Moneycontrol.com. Retrieved 17 October 2014.
  4. "Introducing The Property Buying Guide". Efytimes.com. Archived from the original on 24 October 2014. Retrieved 17 October 2014.
  5. "Magicbricks Adds Baroda to the PropIndex – Now Covers 12 Cities Pan-India". Propertyportalwatch.com. Archived from the original on 21 October 2014. Retrieved 17 October 2014.
  6. "MagicBricks.com Launches Property Pulse – India's Biggest Real Estate Content Section". Istockanalyst.com. Retrieved 17 October 2014.
  7. "India's 1st Property Posting Solution for the Mobile Advertiser — Property Portal Watch". Propertyportalwatch.com. Retrieved 17 October 2014.
  8. "Magicbricks Buy, Rent Property - Apps on Google Play".
  9. "MagicBricks.com rolls out a phased multi-city OOH campaign to promote its positioning". Propertyportalwatch.com. Retrieved 17 October 2014.
  10. "MagicBricks wins Real Estate Excellence Award for 'Best Property Portal'". India Digital Review. Retrieved 17 October 2014.
  11. "SBI awarded MagicBricks.com for Exemplary Partnership". Indiainfoline.com. Retrieved 17 October 2014.
  12. "Magicbricks wins "Best Property Portal" Award from NAREDCO". Tbsl.in. Retrieved 17 October 2014.