Press Releases

This report highlights the most preferred budget ranges renters look for and what configurations and property types that are most sought after for rented accommodations. 09 Feb 2015: Magicbricks has launched its 1st PropIndex Rental Market Analysis Report (Oct-Dec 2014). This is the first time Magicbricks has taken a dip into the demand and supply analysis of the rental market. The report gives insights about the existing demand and supply in different budget ranges, BHK configurations and property types across the 11 major cities of India. The maiden edition reveals that over 75% demand is noted for apartments as rented accommodations while the Rs 10,000-15,000 rent-per-month category is the most preferred segment. “Limited availability of ready-to-move-in properties and pilling up...

January 27, 2015: Hiring activity grew by 2 per cent year-on-year through 2014, with Retail and BFSI leading the charge according to TimesJobs’ latest RecruiteX report. The TimesJobs RecruiteX has shown a steady growth in demand, suggesting a sustained momentum in hiring activity. The growth is expected to continue through this year believe experts. “As TimesJobs’ data shows – 2015 seems to be a good time to be active in the job market. With a stable government and strong economic cues, the inevitable growth of Indian Industry will fuel considerable job growth in the country as well. Companies in core sectors of IT, engineering, manufacturing, BFSI, hospitality, logistics, ecommerce and retail will emerge as leading employers.” remarked Vivek Madhukar, COO,...

The IIMB Magicbricks Housing Sentiment Index (HSI) for the 3rd quarter of 2014-15 was sharply down across all 10 cities, ending the cautious optimism witnessed so far this year. Ahmedabad, Delhi and Gurgaon witnessed over 25% correction in sentiments compared to the previous quarter. January 14 2015: The Housing Sentiment Index (IIMB-Magicbricks HSI) assessed by IIM Bangalore and Magicbricks, forecasts that homebuyers across all 10 cities surveyed expect real estate prices to drop over the next six months. The aggregate Housing Sentiment Index (HSI) measured across the 10 cities dropped sharply by 29% this quarter to 81. (An HSI score of 100 suggests the prices would remain static). The IIMB Magicbricks buyer sentiment survey includes the cities of Ahmedabad, Bengaluru,...

For us, it’s not just the year that has changed – Experience the all-new Magicbricks, sporting a brand new design, easy navigation, better data quality & improved search. January 12, 2015: Magicbricks has jumpstarted into 2015 – India’s No 1 Property Portal just got better, faster & informative with a new design, easy navigation, improved data quality & improved search. The new portal also delivers on better listing quality with over 2 Lakh Verified Listings; as well as High quality analytics and information. Elegant, Contemporary Design A brand new design was unveiled on New Years’ Eve, keeping step with the latest design philosophy of utilitarian minimalism. The sleek new design of Magicbricks.com is particularly evident on its Home Page, Search...

A hilarious look at workplaces and bosses – serves as a clarion call to employers on the buzz their employees are creating on JobBuzz January 6, 2015: We have all heard legends of those dreaded work places where the perks are non-existent and bosses resemble dungeon masters. Thankfully, none of us actually work in them! JobBuzz takes a humorous look at the workplace from the perspective of the employee. JobBuzz.in, the popular candidate engagement platform from TimesJobs, helps users make smarter career decisions with company insights, reviews, ratings, salary benchmarks and interview information contributed by current or past employees of a company. “With this year’s calendar, TimesJobs mirrors how JobBuzz reveals insights of what employees think about their bosses, workplaces...

5 Things to Consider before accepting a Startup Job December 30, 2014: “Start-ups are going to be the Engines of Growth for 2015. The entrepreneurial spirit, backed by strong education, ample capital and economic policy support is going to be the engine that drives India into it’s next growth cycle.” says Vivek Madhukar, COO, TimesJobs.com. In 2015, a large number of young professionals are going to decline lucrative corporate jobs to venture out into making their own dreams a reality. With a vision of the future, seven figure salaries are being turned down, for a stake in a start-up and the chance to make a difference. In 2014, nearly 55 per cent organizations witnessed candidates changing jobs to work in...

Magicbricks trumps on most major traffic metrics that comScore publishes! In fact, data shows that Magicbricks dominates to the extent that, on several metrics, it is bigger than the next 2 portals added together! December 29, 2014: The property portal industry has been abuzz with investments being made by VC firms across different portals. While such activity generates a lot of PR, it might shroud the actual performance of portals during this period and the trends therein. Here are the graphs that show how the market has evolved over the last 12 months, using data from comScore, the industry standard for third party traffic data (web) – Click Here to download a larger image of these Graphs Converting this data...

For the first time in India – a new residential project is being launched exclusively online. Both Salarpuria Sattva Group and Magicbricks.com see this alliance as a game changer in the industry . December 5, 2014: For the first time in India an innovative developer is embracing the online medium and exclusively launching their project online. Putting aside conventional media – Salarpuria Sattva Group has chosen to launch it’s residential project online in an exclusive alliance with Magicbricks.com. The launch is the most critical phase for the ultimate success of any new project – so it is with Cadenza – the Salarpuria Sattva Group (SSG) premium residential project situated in the heart of the Indian IT Industry – Bangalore. To...

Reinventing retention the next big thing Until now retention strategies were based on instinct rather than any research or guiding principle. But, today, when the entire work culture has witnessed a paradigm shift, organisations are forced to think differently. Increasingly, organisations are acknowledging this change and thinking of innovative ways to retain employees. Of the 54 per cent organisations who have tried creative ways to retain talent, 32 per cent said their retention rates improved by up to 10 per cent. About 60 per cent believe that application of innovative retention techniques will increase in times ahead, revealed the TimesJobs.com study. One size does not fit all While inventive retention methods are gaining acceptance across most organisations, employers need to...

While 39% organisations lost top talent to start-ups in just the past 6 months, overall, 45 per cent of companies surveyed agreed that they had lost their choicest & top talent to start-ups in the past revealed a recent TimesJobs.com study. Start-up Craze – The Entrepreneurial Rush Many of the best and brightest of India Inc’s talent are bailing out of their high-paying, prestigious jobs with big corporates to join start-ups or set up their own business. The IT/Telecom sector has witnessed the maximum (40%) talent movement to startups followed by ITeS, Retail and the Manufacturing & Engineering sectors. The Game of Power Freedom to innovate and positions/designations are pointed out as the key factors luring top talent to startups,...

Sentiments in Ahmedabad have hit new highs while Bangalore takes a break from the steadily rising sentiments to drop for the first time in a year. The IIMB Magicbricks Housing Sentiment Index (HSI) for the 2nd quarter of 2014-15 reveals that home buyers continue to expect prices to rise across the country. But the bullish sentiments seem to be waning from the peak seen soon after the elections last quarter. October 29, 2014: The Housing Sentiment Index (IIMB MB HSI) assessed by IIM Bangalore and Magicbricks forecasts that homebuyers across 10 cities surveyed expect real estate prices to rise over the next six months. The aggregate Housing Sentiment Index (HSI) measured across 10 cities dropped marginally by 4 per cent...

The Smart & Simple Mobile App from Magicbricks.com has been developed keeping in mind people who look to the mobile – as their ‘Goto Gadget’ and their main point of reference for any property related query. The core user-base of Magicbricks is people on the move, who prefer accessing the net from their phones rather than from a desktop. In addition, frequent users such as developers, agents and other industry professionals usually access the Internet directly on their EDGE /3G/ WiFi enabled smartphones and rarely access the web from a computer, except at the beginning and end of their workday. Having been one of the first to go mobile, providing new and improved features with the latest technology and platforms...

Tier II & III cities in India are the Jobs hubs of the future and currently account for nearly 15 per cent of the jobs across key sectors, according to TimesJobs’ RecruiteX. October 13, 2014: At a time, when PM Modi’s ‘Make in India’ initiative is emphasizing that the nation’s growth lies in semi-urban and rural segments, organisations are considering moving to these ‘job hubs of the future’. TimesJobs.com took a look at the scope and potential of some of the key locations, which are giving the big metro centres a run for their money. According to the TimesJobs’ RecruiteX data, Jaipur, Chandigarh, Nashik, Lucknow and Ahmedabad are the major tier II & III cities that have featured in the...

October 2014: The Indian job market is touching new highs with the IT/Telecom industry writing its strongest growth story with a 20 per cent increase in jobs in just one month, reports RecruiteX, the Jobs Index by TimesJobs.com. The index recorded a 14 per cent increase in September 2014 over August 2014. From January 2014 to September 2014 period, there has been a 21 per cent increase in demand for IT/Telecom professionals, shows The TimesJobs RecruiteX Index. This is also clearly an exciting time for IT professionals in India Inc. Demand doubled for Senior IT professionals The hiring pattern is strong across all levels in the IT/Telecom industry. The time is best for senior IT professionals to look for a...

Over 70 per cent of organisations surveyed feel that Corporate Social Responsibility is an very effective engagement tool for Gen Y’ers Digital natives believe in social good! September 17, 2014: “I really admire Prime Minister Narendra Modi for using his birthday to help the flood victims of J&K” said 23-year old Neha digging into her sprout salad at her office canteen, sparking off a lively lunchtime conversation on how everyone was coming together to support those in crisis. The new generation at the workplace is reshaping capitalism – profits have to be coupled with social responsibility. Corporate Social Responsibility (CSR) is a key tool in engaging Gen Y, according to a recent TimesJobs.com survey. More than 70 per cent organisations...