Magicbricks Generates 40,000 Intending Buyers for Properties Worth Rs. 5,000 Crore During Dream Homes Festival-Season 3

Signalling the revival of the customer sentiment, the third edition of Magicbricks Dream Homes Festival in association with ICICI Bank, as the exclusive banking partner, was a big success as the month-long housing carnival generated nearly 40,000 intending buyers for properties worth Rs. 5,000 crore put up on Magicbricks, India’s No.1 property site.

Now in its third year, the Magicbricks Dream Homes Festival, the biggest online property festival that took place from Oct 1-31, 2017, showcased properties by 500-plus builders and agents. Leading developers offered a host of exciting deals ranging from free Mercedes worth Rs. 80 lakh, free modular kitchen/interiors worth Rs. 10 lakh and cash discount of upto Rs. 900/sqft on immediate bookings. Also on offer were irresistible discounts, loan offers and exciting prices on 250 pre-approved projects by ICICI Bank. Buyers were also offered higher loan amount, option of interest linked to MCLR and additional balance transfer facility on existing home loans.

Mr. Ritesh Mohan, Sales Head-Strategic Accounts, Magicbricks said, “We have got a phenomenal response from the third edition of Magicbricks Dream Homes Festival and it augurs well for the industry. We have been witnessing a positive change in consumer sentiment on Magicbricks. This has certainly translated into the success of the Magicbricks Dream Homes Festival during which we received interest from some 40,000 intending buyers in properties worth Rs. 5,000 crore. We believe that it is a great time for end users to buy a house.”

Through Magicbricks Dream Homes Festival, ICICI Bank also offered the customers additional benefits of “HOME LOAN DOUBLE BONANZA” - enhanced loan eligibility of up to 20% and low interest rates of up to 8.35%- and 1% cashback on every EMI. The festival featured around 100 developers from top metros including Delhi/NCR, Kolkata, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Ahmedabad along with emerging market places like and Jaipur, Lucknow, Vadodara, Bhopal, Indore, Chandigarh, Nagpur, Patna to name a few.

About Magicbricks

Magicbricks.com is India’s No.1 property site. With monthly traffic exceeding 14 million visits and with an active base of over 14 lakh+ property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content and research services, which have helped us, build the largest audience pool.