• Delivered 8,200+ site visits, achieving 450+ home bookings in just 6 months; Achieved an Average ticket size of INR 1.25 crore per home booking
• Launches India’s first Property Visit Fest to further stimulate demand
Hyderabad, December 6, 2024: Responding to rising residential demand, Magicbricks, India’s leading real estate platform, has scaled its Site Visit Product in Bengaluru by partnering with over 100 developers, including leading names like Aura Realty, Vision Infra Developers, Elegant Infra and Aparna Constructions.
In its first year of operation, the program facilitated more than 8,200 site visits across 120+ projects, leading to 450+ confirmed home bookings, with an average ticket size of ₹1.25 crore.
The Site Visit Product simplifies property exploration for homebuyers and boosts sales for developers by offering curated project recommendations based on individual preferences like budget, location, and configuration. The program also provides seamless end-to-end logistical support for property visits, enabling buyers to make confident and informed decisions while reducing the overall time to finalize purchases.
Sudhir Pai, CEO of Magicbricks, highlighted the success of the initiative, stating:
“Traditionally, residential demand would taper off in December following the festive season. However, over the past 2-3 years, the aspiration for homeownership has remained robust, with prospective buyers actively seeking their dream homes year-round. With India’s first Property Visit Fest, we are poised to harness this sustained demand, connecting builders with a highly relevant and intent-driven audience while simplifying the decision-making journey for homebuyers.”
The initiative also provides developers with a focused sales funnel by connecting them with high-intent buyers. Repeat visits have emerged as a key indicator of strong interest, with some buyers visiting 4-5 properties in a single day—reducing decision-making time by nearly 50%.
Magicbricks continues to pioneer technology-driven solutions in India’s real estate landscape, bridging the gap between buyers and developers while enhancing the homebuying experience.
About Magicbricks
Magicbricks is India’s No.1 property site
As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.
With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV– India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.