Magicbricks’ launches India’s first dedicated website for property deals

With festivities around the corner, Magicbricks, India’s No.1 property site, today announced the launch of India’s first dedicated site for property deals magicbricks.com/deals, a first of its kind industry initiative that would offer home buyers a chance to clinch the best value deals available in the market offered by top developers across Delhi/NCR, Bangalore, Mumbai, Chennai and Pune.

More than 100 developers across five cities have already listed themselves on magicbricks.com/deals with 2000-plus deals in 150 projects. Top developers, who are offering best deals include L&T, Godrej, Rishabh Group, Parsvnath, Sare Group, Saaya, Ashaina Homes, Kanakiya Group, Airhant Group, Puranik Builders, Naiknavare Developers, Jain Housing and many more. Cash discounts being offered range from 3% to 32% and in addition developers are also offering a host of exciting deals like free car parking, free stamp duty, free air conditioners, wardrobe, special payment plans and etc. The deals have been categorized into three segments – platinum, gold and silver – depending on the value of the offerings.

Commenting on the launch of dedicated website for deals, Mr. Sudhir Pai, CEO, Magicbricks said: “Deals and offers play an important part in the journey of the home buyer and keeping in mind this need gap, we have launched the first dedicated website for property deals for home buyers. Looking for offers and deals on ecommerce platforms before buying anything has become a norm for consumers and we feel that home buying shouldn’t be any different. Since home buying is perhaps one of the biggest decisions in our life we have tried to get all the best deals under one umbrella to ease the life of the customer.”

magicbricks.com/deals is an industry first initiative that offers best value proposition to the home buyers. The bulk of the deals have been offered in the affordable and mid-segment category, where there is a strong consumer demand

“A bulk of the deals are from Pune with maximum discount being offered is 21.1% while in Delhi/NCR it is 32% and 18% in Mumbai. With the festival season round the corner, we expect home buyers to scout for the best deals available in the market before taking their final decision. We will keep updating new deals & offers on the platform at regular intervals,” said Mr. Pai.

Magicbricks’ dedicated segment for deals is in line with the revival in consumer sentiment following stability in property prices and an upswing in housing sales in Q4 FY’18. Property searches on Magicbricks jumped by 50%, with cities like Bangalore, Delhi witnessing a spike in searches by60% and 65% respectively.