Magicbricks launches guide to new projects

Magicbricks, a leading real estate platform, has launched MagicHomes, an initiative that spotlights all the new projects across key cities in Delhi NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Kolkata, Pune, Ahmedabad, and Chennai.

The move assumes significance in the backdrop that the residential sector is experiencing a resurgence aided by rising housing demand that has driven property prices up by nearly 15% in 2023.

The demand, currently at a decadal high, has also spurred an increased interest in new projects, marking a notable trend in the sector.

“The increasing prices of under-construction properties and the high velocity of sales reported by developers underscore the dynamic nature of the market, and reiterate the necessity for prompt decision-making based on reliable information. MagicHomes is an initiative in this direction, serving as a comprehensive directory of new projects offering up-to-date and essential information for seamless decision making by our customers,” said Sudhir Pai, CEO, Magicbricks.