Press Releases

September 16, 2014: The National Real Estate Development Council (NAREDCO) awarded Magicbricks.com the title of “Best Real Estate Portal” at the 12th National Convention and Real Estate Awards 2014 conducted on 12th-13th September 2014 in the Nation’s Capital. NAREDCO is the apex body for real estate and housing sectors under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India and The National Real Estate Awards are its gesture to honor industry players and associates for their outstanding performance, contribution and innovation brought about while serving the Indian real estate sector. The Honorable Minister of Urban Development, Housing & Urban Poverty Alleviation, Government of India, Shri Venkaiah Naidu, presented Magicbricks.com with the prestigious award for the year...

August 25, 2014: The latest Housing Sentiment Index (IIMB-MB HSI) by IIM Bangalore and Magicbricks forecasts that homebuyers across 9 of the 10 cities surveyed expect real estate prices to rise over the next six months. The aggregate Housing Sentiment Index (HSI) measured across 10 cities rose by 9% over the previous quarter and stood at 118. (An HSI score of 100 suggests prices are expected to remain static). The IIMB-MB buyer sentiment survey includes Ahmedabad, Bangalore, Chennai, Delhi, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida and Pune. Introducing The IIMB-MB HSI Report, Ms. Jayashree Kurup, Research and Content Head, Magicbricks.com, explained, “In line with the positive market sentiments, real estate buyers are upbeat about residential property. Most of the early seekers...

August 2014: India Inc. has stepped up hiring; it’s raining jobs. And this time giving steady teddies a run for their money are internet start-ups which have posted a 25 per cent rise in jobs in just a month. So even if you have over 15 years experience, start-ups are actively looking for you. There has been an over 100 per cent rise in jobs at senior level positions in start-ups. Even discounting the low base for this role, this translates into a serious hiring binge. E-commerce, retail services, media and hospitality professionals have never had it so good. E-commerce majors such as Snapdeal, Flipkart and Amazon have stepped up hiring in the last one month. Engineers, quality and process...

August 12, 2014: Want to sell a house? Getting a good deal from genuine buyers is the biggest challenge. Magicbricks is the answer. Here’s how – watch the hilarious commercial here – bit.do/mbtvc In addition to the existing 3 TVCs Magicbricks is adding another creative and releasing an Integrated Marketing Campaign with a 360 degree media mix – TV, Print, Digital, Outdoor, Social and Mobile. The new creative is different from the earlier ones, as all the other ads are aimed at ‘buyers’ and this creative is aimed at ‘sellers’. The weird salesman character now speaks to sellers, introducing his latest gimmick – ‘Property Perfume’ that when sprayed on your property will attract buyers ‘jha-pack!’ (voila!) – Refuting this nonsensical...

Buyers remained cautious but searched well for aspirational homes. Developers remained restrained but projects reached completion stages as all segments of the market prepared for a growth phase in Indian property market, aligned to the political optimism in India. July 29, 2014: The first edition of Magicbricks’ PropIndex, Volume IV (Apr-Jun 2014) reported a largely stable matrix of demand and supply, reflecting little change in index values. However, while Delhi’s city index dropped by 4 per cent, the highest in quarter predictably the National index remained stable, up by 1 per cent. The highlight of the PropIndex however, was the drop in demand for affordable properties (budget range of Rs up to Rs 20 lakh) which remained significantly low at...

July 21, 2014: Middle managers are back in demand reports the TimesJobs RecruiteX. After bearing the brunt of the economic crunch, demand for managers with 5-10 years of experience starts to bounce back as a result of political stability and new policy announcements. The latest TimesJobs.com RecruiteX reports that the middle management level is back in demand as India Inc. prepares to post high growth numbers. Employment, being a lag indicator, witnessed overall demand drop 2 per cent during Jan-Jun 2014, but candidates with 5-10 years experience reported an average increase of 2 per cent in demand. BFSI, Healthcare & IT lead demand at mid-level The Recruitex Reports that nearly 28 per cent of the demand in the BFSI segment¸...

Modi’s dream project is building 100 Smart Cities across the country and the 2014 Budget has laid out a roadmap by providing the fund of Rs 7,060 crore. ?But what are these smart cities? Are they good investment options? Magicbricks asks the experts. July 16, 2014: In his Budget-day speech, the Finance Minister Arun Jaitley said that the Smart Cities will be developed as satellite towns of larger cities and by modernizing the existing mid-sized cities. Apart from the allocation of Rs. 7,060 crore Magicbricks reveals the other key steps aimed at encouraging the development of Smart Cities and their impact on the Property Market. These include, requirement of built-up area being reduced from 50,000 sq. m to 20,000 sq....

Maninderpal Singh, the Code Gladiator 2014 winner works for a product development SME Drishti Soft… July 8, 2014: Life changed in many ways for Maninderpal Singh, the winner of the TechGig Code Gladiators 2014. Not only did he update his career status to the best coder in the country, he also won prize money of Rs. 1.5 lakh. Code Gladiators helped to reveal the talent of this small town boy from Muktsar, Punjab. The journey of Code Gladiators started with 64 companies and 36,000 coders in April 2014 with the aim of finding the best coding talent in the country. Out of these, only 64 coders and 37 companies made it to the finale that was held in Delhi recently....

Wouldn’t it be wonderful to have an expert advisor at your beck and call – for Free? Magicbricks has made this dream a reality – just visit advice.magicbricks.com July 7, 2014: Advice.Magicbricks.com capitalizes on India’s biggest property portal repository to neatly organize data in the most relevant form for users to consume. It serves as the “Go-to-Guide” which can be relied upon by a user as he looks to buy, rent or sell real estate. Every home-seeker wants to make his big investment in property – the best bet, and so has many questions, which he seeks advice on – • What and When to Buy or Rent? • In which City or Locality? • What kind of Property? •...

July 2, 2014: At least 50 per cent employees in India Inc are satisfied with their current pay package. However they are not satisfied with their job, revealed a recent TimesJobs.com study. Long working hours Nearly 52 per cent employees are reportedly not satisfied with their current working hours. Employees polled saying that they are working over 40 hours a week and it’s not something they like. • 42% employees do overtime for 2-3 days in a week but 64% are not paid for it • 60% employees said that they are allowed to work from home for less than 2 days a week Other key reasons: • 18% are not happy with the career growth opportunities provided by the...

July 1, 2014: MagicBricks.com, India’s No.1 Property Portal has been awarded the title of the Most Admired Real Estate Website in India at the CMO Asia 1st National Awards for Excellence in Real Estate and Infrastructure presented by Lokmat. This award recognizes the highest levels of achievement by a website operating in the property and real estate sectors as well as the infrastructure industry. Magicbricks won this award based on its proven commitment to service, client satisfaction and innovation. Winners were selected from 323 entries across India in more than 80 categories. Magicbricks was adjudged winner by a distinguished jury based on the criteria of user experience, ease of navigation, graphics, fonts and looks, user interface, platform and information, end-user...

June 25, 2014: In most cases, the successful integration of new hires is based on their ability to culturally fit in with the organisation. Yet, surprisingly, Indian organisations still base their final decision mostly on skills and experience, and not on whether the candidate is a good ‘fit’. This was revealed in a recent survey by TimesJobs.com On an average, 35% organisations lay a lot of emphasis on skills and experience during hiring (across levels/positions), almost 50% completely overlook cultural fitment and the rest consider educational qualifications and international exposure important. “This is a worrying trend, as people managers openly acknowledge that cultural fit is a very critical element in hiring, particularly at the top level. Overlooking cultural fit can...

After 2 months of intense coding combat, it’s time to find out India’s Best Coder. It’s time to enter the ultimate arena – Gear up for Code Gladiators Grand Finale! June 23, 2014: Gamefication of Talent Identification, Recruitment and Retention has reached it highest peak with The Biggest Coding Contest in India reaching its Grand Finale! Two months of intense competition and hard fought battles have revealed 50 finalists from across India, who will now engage in the TechGig Code Gladiators National Finals to reveal the top coders across the country on Friday, 27th June 2014 at Orbis, The Leela Ambience Gurgaon. TechGig Code Gladiators – Hunt for India’s Best Coders is being held in the following programming languages –...

Nearly 82% organisations still prefer in-depth face-to-face interviews for selecting candidates, revealed a recent study by TimesJobs.com. 18 June 2014: Today, organizations use technology extensively for the screening process, but, as a TimesJobs.com survey revealed, in the overall hiring process it is still just an enabler. 55% organisations claim to use online job portals to source candidates and a similar number use personality profiling tests to assess the candidates. However, when it comes to making the final decision, 82% organizations still rely on face-to-face interviews. Organisations believe that though technology has made an impact on the global hiring landscape, some traditional methods like personal interaction with the candidates still hold a lot of significance in hiring the best. Hiring on...

The Automobile sector witnessed a 4% increase in demand during May 2014, amidst market recovery, revealed the latest TimesJobs.com report. June 10, 2014: After rather long bumpy periods the markets seem to be stabilizing now post the formation of the new government. The auto sector is the first to get back on the recovery mode and show positive signs reports the TimesJobs.com RecruiteX. The sector witnessed a rise of 4%, well above the industry average during May 2014. It had registered an average drop of 2% during Jan-May 2014, but witnessed a 3% increase in talent demand during March. However, the overall demand scenario is still sluggish with a fall of 2% registered in May 2014. Speaking on these findings...