–          Magicbricks is now the largest online real estate platform both in terms of App downloads and traffic as per comscore data

–          Offers more than 1.65 million plus active listings to 10 million app users

–          The app contributes around 40% of the traffic to the platform

MUMBAI, 21 SEPTEMBER, 2020 (GPN) : Magicbricks, India’s No.1 property site, has clocked a new milestone by emerging as India’s largest growing real estate App with more than 10 million App downloads, the first Indian real estate App to achieve this milestone. Through innovative and industry-first consumer-friendly features, over 10 million App users now have access to more than 1.65 million properties in the country.

With more than 70 percent of home buyers now present on the internet and over 80 percent of available properties getting posted online in recent times, Magicbricks’ App has become the go-to App for all property seekers since its launch in September 2011. Besides many exciting features, the App offers an intuitive and user friendly interface that allows buyers to connect with homeowners at one click.

Commenting on the brand’s incredible success story over the past decade, Mr. Sudhir Pai, CEO, Magicbricks, said: “It is heartening to see over 10 million App users connect with landlords, sellers, brokers and developers who can help them meet their property needs. Our goal over the past decade has been to empower both property-seekers and sellers with cutting-edge analytics that help shape these crucial property-related decisions at their end. The App has played a key role in enhancing our traffic leadership and attracting a larger number of property seekers to our platform. Innovation has always been the cornerstone of our success and we will continue to innovate and strengthen the App on our journey towards becoming a full-stack service platform.” 

Personalised features like Propworth, Smart Search, Home Loans, EMI Calculator, real-time chat and Buy vs. Rent and a host of ancillary services like Property Valuation, Advocate on Call and Property Astrology have made Magicbricks App distinct in its space and category. The App has allowed Magicbricks to consolidate its position as the preferred online real estate platform for all buyers and sellers by increasing its reach to 16,000 plus localities in the country.

Out of 1.65 Million active properties on the App, 58 percent are for sale and 42 percent for rent and more than 60,000 properties are being added daily on the App. It also boasts of 2.1 lakh exclusive listings posted by individual property owners from across 700 towns and cities, indicating the penetration of the brand across the length and breadth of the country. Be it residential, luxury, rental, commercial, PG, or co-living, Magicbricks’ App offers a wide range of listings across all categories and multiple budget segments. ENDS

About Magicbricks: India’s no 1 property site

Magicbricks is India’s No.1 property site. With monthly traffic exceeding 20 million visits and with an active base of over 1.4 million+ property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content, and research services, which have helped us build the largest audience pool.