Press Releases

The 11 city Magicbricks PropIndex report has released it’s 9th edition for the period Apr-Jun 2013. During this period, the National Property Index (NPI) witnessed a considerable rise of 2%, which is surprising for the current weak economic scenario. The demand at the top of the pyramid showed robust growth in demand, fuelled by end users. High-end consumers have also seen this as an opportunity to upgrade lifestyle and seek better, newer units with amenities to match their growing expectations. But the winners have been those who have managed to strike a balance between price, amenities and luxury. Speaking at the launch of the Magicbricks PropIndex, Sudhir Pai, Business Head, Magicbricks remarked, ” Being the leader in the space, we...

Magicbricks brings India’s first Deals Section. With over 400 property deals especially for registered users, there cannot be a better time to buy or rent property. Magicbricks has launched a brand new section deals.magicbricks.com that is attracting a tremendous amount of traffic and user interest. Being the Number 1 Property Portal in the country, Magicbricks has been able to gather the best deals from builders and brokers across properties for sale and rent. Deals such as Assured Returns on Buyback, No Installments till Possession, 0% Brokerage, Flat Discounts, Cash Discounts, Pre-Launch Offers, Big Screen TVs, Holidays Abroad, Club Memberships, Free Interiors, Fully Equipped Modular Kitchens, Complimentary Reserved Car Parking Space and even Free Cars! Magicbricks’ pan-India teams have convinced builders...

In this collaboration of two leaders from Academia and Industry- the co-branded “MB-IIMB Housing Sentiment Index”, will serve the purpose of “capturing the buyer’s mood” on the real estate scenario.   June 2013: Magicbricks.com is committed to empowering users with information and advice on all property related matters. Several initiatives and platforms have been created by Magicbricks (MB) to serve this need. As a further step towards this objective, Magicbricks.com is collaborating with the world renowned Indian Institute of Management, Bangalore (IIMB) to create a reliable and usable index that will gauge the mood & sentiment of buyers – whether they are end users or investors. This joint initiative between IIMB and Magicbricks.com will create a reliable and trustworthy determinant...

India’s first eBook for the Common Man on Real Estate called the “Magicbricks.com’s Guide to Buying a House”   May 2013: The dream of owning your own a house is a cherished dream of almost every person, but the actual process of buying a house fills most of us with dread and trepidation. Taking that final decision and signing on the dotted line is wracked with uncertainty and doubt. And this is understandable – with an investment that is usually the biggest portion of a person’s life savings, coupled with the lack of sound, sensible advice – the tension is palpable. “As the trusted leaders in the property segment, we are launching this Buying Guide to alleviate our users’ fears...

Adding context to content, MagicBricks.com introduces Locality Pages with Ratings, Reviews, Maps & Media   Scouring the Internet for information Firoze Ahmed grumbled “I want to know about BTM Layout in Bangalore, not a flowery prose on the Garden City of India”. Local is the new global demand; people want information relevant to specific localities and places rather than broad & sweeping generalizations of the city. For the first time in India, MagicBricks.com has introduced unparalleled granularity and contextual content at the Locality Level providing detailed Maps, Ratings, Reviews, Photos and Videos for popular neighborhoods across major cities – These have all been fully integrated with Locality Snapshots, Search Results and Detailed Listing pages. “The net has helped make searching...

Delighted to inform you that PropIndex completes 2 years!!      MagicBricks.com, the eight edition of PropIndex, highlights that despite global slowdown and domestic policy paralysis, the last two quarters have witnessed some positive policy boosts and consequent response by industry. This has impacted consumer sentiment and delivery of housing products. This is reflected in the 3% rise in the National Property Index (NPI), an indicator of some optimism in the market. Among the 11 cities tracked in the apartment index, eight have seen a rise but others registered a marginal drop in the city index. While Bangalore, Gurgaon, Noida, Mumbai, Kolkata, Delhi, Pune and Ghaziabad witnessed a rise in city index values, Chennai, Hyderabad and Ahmedabad recorded 2-6 per cent...

Experts predict that while the macro environment would remain challenging, there will be a positive hiring sentiment in 2013. The bi-annual edition of TimesJobs.com RecruiteX provides an in-depth and insightful report on the demand and supply of Jobs and the recruitment trends in India. According to TimesJobs.com data, Automobile, Manufacturing and BFSI industry will continue its positive hiring momentum in 2013. Unconventional channels of recruitment such as hiring through Tier II and III cities will become more and more evident in 2013, thereby giving visibility to rural talent. According to the findings of the Bi-annual edition of RecruiteX, cautious optimism prevails across major industries. Uncertainty in the global and domestic markets and policy challenges are resulting this approach. Engaging and...

April 01 2013: Times Property presented an Innovative “Virtual” Property Fair from March 1 to 21, 2013 at http://timesproperty.magicbricks.com which was powered by Magic Brick.com. This unique Times Property Virtual Property Expo was organized to address the growing demand of NRIs residing across the globe, wherein a large showcase of projects can be accessed conveniently from anywhere at the click of a mouse. Nearly a hundred developers, builders, agents and brokers brought a host of properties and offered a complete package to potential homebuyers. Rasesh Gandhi, Vice-President, Response, BCCL, says, “The Times Group prides itself in creating innovative platforms to satisfy the growing needs of its customers. The recently concluded Times Property Virtual Expo is an innovative platform to cater...

March 2013: The seventh edition of PropIndex, the research publication by MagicBricks.com, highlighted that despite weak buyer sentiments, the National Property Index (NPI) went up by over 3 per cent in the Oct-Dec 2012 quarter as compared to the Jul-Sept 2012 quarter. Of the 11 cities in the apartment index, majority witnessed a marginal rise with a few exceptions. The latest PropIndex comes at a time when the real estate markets across the country have stabilized and the home loan interest rates are finally coming down thanks to some very welcome measures by the Reserve Bank of India. The PropIndex tracks the demand and supply of properties across 11 major cities of India. The Oct-Dec 2012 quarter shows that Ghaziabad,...

Historically, MagicBricks.com held the No 1 position in rankings for Unique visitors, Visits and Daily Visitors, but had lagged behind competition on Page Views. The latest comScore report states in clear terms that MagicBricks.com is now the No 1 on PageViews as well as total time spent and has clearly surpassed competition on all parameters. Magicbicks.com has also grown its lead on visits and daily visitors. This means that there are more users on MagicBricks.com (Total Unique Visitors), who come more often (Total Visits), spend more time (Total Minutes) and are more engaged by the content (Page Views) than any other Property Portal in India. The below graphs explain this. MagicBricks.com’s closest competitor, had claimed No 1 status using pageviews...

Historically, MagicBricks.com held the No 1 position in rankings for Unique visitors, Visits and Daily Visitors, but had lagged behind competition on Page Views. The latest comScore report states in clear terms that MagicBricks.com is now the No 1 on PageViews as well as total time spent and has clearly surpassed competition on all parameters. Magicbicks.com has also grown its lead on visits and daily visitors. This means that there are more users on MagicBricks.com (Total Unique Visitors), who come more often (Total Visits), spend more time (Total Minutes) and are more engaged by the content (Page Views) than any other Property Portal in India. The below graphs explain this. MagicBricks.com’s closest competitor, had claimed No 1 status using pageviews...

The MagicBricks.com Theme Campaign, now in full flow, has launched its second TVC focused on the “money-minded investment-driven” audience segment. This commercial is based on a new angle – that property investments can make you rich and thereby indifferent to inflation. 19 March 2013      The MagicBricks.com theme campaign is firing on all cylinders and capturing TV, Print, Radio and Online audiences – working in sync to deliver the integrated theme campaign message. The Brand Promise from the second TVC is – MagicBricks.com, through its features, can help you find the right house and make the right investment. The TV commercial will make an immediate connect given that it is based on a very topical issue of inflation. This commercial...

"”High Tea with Top Shots”" As part of it’s NEW EMPOWER Recruitment Solution launched recently, TimesJobs.com proudly set in motion its First-in-India feature – “High Tea with Top Shots” in which jobseekers can take part in a Live Chat with eminent HR Heads of Leading Corporates and get answers to their career related questions, gain tips and benefit from their rich knowledge. Speaking about this Recruitment Solution the VP of TimesJobs.com, Mr. Vivek Madhukar said, “With the current economic cost compression affecting the HR function, many corporates have scaled up using Jobsites for their hiring needs. Jobsites like TimesJobs.com, provide them with the lowest Cost-per-Hire, as compared to any other method of recruitment. Coupled with the tremendous benefits & value-add...

Do you really think that your “Career” can happen by chance? This is too naive for anyone to believe! Using this sensitization as the core, TimesJobs.com has launched a new brand campaign:      “A Career Doesn’t Happen by Chance” so “Don’t leave your Career to Chances” March 2013: The “Take Charge of your Career” campaign has gone live just prior to the Union Finance Budget 2013-14 because this is a time where policy decisions affect each and every person and only those who have taken charge of their careers will be able to weather the unpredictability usually surrounding the Budget. The first leg of this campaign has been released by sponsoring the Union Budget 2013 on EconomicTimes.com with a high...

Presents The Property Quotient FM’s Budget Boost for Housing   Owning one’s own home, is a dream cherished by every family in India, “This year MagicBricks.com has taken the task to assist users choose and make more intelligent decisions. This has been the genesis for The MagicBricks.com Property Quotient.” stated Sudhir Pai Business Head, MagicBricks.com,   A focus of this year’s budget is clearly on driving housing by pushing demand and figured prominently in both the pre-budget expectations from prominent figures in real estate and the Speech by Hon’ble Finance Minister (FM) Pranab Mukherjee.   Affordable Housing was also one of points discussed at the “Budget India 2011 – The Property Quotient “ organized by MagicBricks.com in association with ET...