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Last updated: 13 Jun, 2016  

Magicbricks and SBI Launch India's Biggest Home Buying Festival

NewsVoir | 10 Jun, 2016
First-of-its kind home buying festival that empowers consumers by bringing the most in-depth decision-enabling content in the real estate industry for investments hotspots across India.


India’s leading real estate portal – Magicbricks and State Bank of India (SBI), India’s largest public sector bank have launched India’s biggest property fest, Home Buying Festival (HBF) . This one of a kind online home buying festival will highlight the prime investment hotspots across the metros. It features in depth analysis of properties, infrastructure updates, brief master plan information, as well as risk profile, capital growth forecast for the benefit of consumers looking to purchase real estate properties. This information will be available for several regions, spread across seven metros.


The Home Buying Festival (HBF) has been conceptualized to help buyers choose their dream homes so that that they can make informed purchase decisions based on demand and supply trends, configuration of homes and even the price movement of top 5 localities by consumer preference in last quarter. The online festival will have a wide variety of offers on multiple project offerings,  a dedicated section to ‘Know your Developer’,  invaluable advice from property experts on call and home loan offers and even Flash Sales for buyers , for the first time ever


Partnering with Magicbricks for Home Buying Festival (HBF), SBI is the presenting sponsor. SBI is also giving two attractive offers to the consumers. The first offer is for the consumers who have existing home loans, can now transfer their home loan to SBI at 0 % percent processing fee. While the other offer is for the consumers buying SBI approved projects on who can now avail a 50 % waiver on processing fee.


Speaking about the initiative, Mr. Sudhir Pai, CEO, Magicbricks said: “Property festivals are usually designed around deals & discounts. Our understanding of consumers suggest that they are seeking quality data and decision making support which allows them to cut through the noise, and choose the right property. In line with this, the current HBF, while it does offer deals and discounts, but the emphasis is on quality of content and research, enabling the right investment decision in the targeted investment hotspots”


Mr. Rajnish Kumar, MD, State Bank of India said: “Festivals such as these tend to attract a lot of interest. During times like these, there is a lot of interest in deals, discounts, and other such information, which attract consumers to the platform. We are also offering some interesting home loan deals for the consumers to help them realize their dream of owning a home of their choice in a hassle free manner.”


The three week long online festival will kick start from 10th June to the 30th 2016, empowering consumers with in-depth information on investment hotspots and corridors of growth, to make the right choices. It will also have on offer deals from some of the top developers and even a flash sale, on a first come first serve basis for the consumers.


About Magicbricks: A website that provides a common platform for property buyers & sellers to locate properties of interest in India, and source information about all property related issues.


For further details, please visit:

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