SME Times is powered by   
Search News
Just in:   • $750 mn World Bank loan for covid-hit MSMEs  • MSME portal Udyam Registration launched  • GST admin has key role to play for 'Aatma Nirbhar Bharat': Sitharaman  • Report pegs FY21 fiscal deficit at 6.8% of GDP  • Rural demand drives Hero MotoCorp sales of 4.5L units in June 
Last updated: 14 Apr, 2016  

Magicbricks.com Takes Clear Lead Over Competitors

NewsVoir | 13 Apr, 2016
Magicbricks – India’s leading and most innovative property portal – continues to retain its dominance in the online realty space with the latest scores from ComScore showing 3.2 Crore total unique visitors and 1.6 Lakh average daily visitors since Jan’ 15. The closest competitor lags behind with a large gap, as much as 30% behind on UVs and 47% on Average daily visitors.

 

The core platform has seen a significant scaling up during the year. Overall listings jumped from 8 Lakh in Jan’15 to over 13Lac in Mar’16. Number of owners on the site have increased to 3.4 Lakh, brokers to over 38,000 and Builders to over 7,700. Magicbricks is now the largest property portal by far.

 

The online realty sector has seen a flurry of activities from new players to attract customers, but despite strong competition, Magicbricks has maintained its lead by offering innovations such as Travel Time Search, Insiders Club for customers and E-Auctions for both developers and customers to sell and procure properties without hassle. Magicbricks has also recently acqui-hired Properji to strengthen its consumer proposition by offering in-depth information and analysis of projects that help consumers to choose the project that best suits their need.

 

Mr Sudhir Pai, CEO – Magicbricks.com, said, “We launched the portal with a vision to help customers and developers alike to sell and buy property, conveniently. By capturing 40% market share in a highly-competitive space, the Company continues to strengthen its leadership position. In the customers’ mind space too, Magicbricks commands more than 54% ‘top-of-the-mind’ recall. This attests to customer confidence in our products and the brand. Accordingly, we will continue to innovate and introduce the best products in the market for all our stakeholders.”

 

About Magicbricks.com

The portal provides a common platform for property buyers and sellers to locate properties of interest in India, and source information about all property-related issues.


For further details, please visit: www.magicbricks.com

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 02 Jul, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
» Govt. approves subsidy for 2,221 cold storages(1)
» Social entrepreneurship unique and full of challenges: Hasina Kharbhih(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter