- Delivered 7,500+ site visits, achieving 400+ home bookings in just 6 months; Achieved an Average ticket size of INR 1.25 crore per home booking
- Launches India’s first Property Visit Fest to further stimulate demand
Bengaluru, 6th December 2024 : Responding to rising residential demand, Magicbricks, India’s leading real estate platform, has scaled its Site Visit Product in Bengaluru by partnering with over 100 developers, including leading names like Sumadhura Developers, Provident Group, and Epitome Builders.
In its first year of operation, the program facilitated more than 7,500 site visits across 150+ projects, leading to 400+ confirmed home bookings, with an average ticket size of ₹1.25 crore.
The Site Visit Product simplifies property exploration for homebuyers and boosts sales for developers by offering curated project recommendations based on individual preferences like budget, location, and configuration. The program also provides seamless end-to-end logistical support for property visits, enabling buyers to make confident and informed decisions while reducing the overall time to finalize purchases.
Sudhir Pai, CEO of Magicbricks, highlighted the success of the initiative, stating:
“Traditionally, residential demand would taper off in December following the festive season. However, over the past 2-3 years, the aspiration for homeownership has remained robust, with prospective buyers actively seeking their dream homes year-round. With India’s first Property Visit Fest, we are poised to harness this sustained demand, connecting builders with a highly relevant and intent-driven audience while simplifying the decision-making journey for homebuyers.”
The initiative also provides developers with a focused sales funnel by connecting them with high-intent buyers. Repeat visits have emerged as a key indicator of strong interest, with some buyers visiting 4-5 properties in a single day—reducing decision-making time by nearly 50%.
Magicbricks continues to pioneer technology-driven solutions in India’s real estate landscape, bridging the gap between buyers and developers while enhancing the homebuying experience.