Magicbricks partners with PNB Housing Finance

Magicbricks partners with PNB Housing Finance

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Magicbricks, India’s No.1 property site, announced its strategic partnership with India’s leading housing finance body PNB Housing Finance Limited to e-auction its re-possessed properties on Magicbricks’ online auction platform. The first e-auction comprising 45 properties will be held on Nov 27, 2017.

Coming close on the heels of the successful first-of-its-kind online property bidding campaign ‘My Bid, My Home’ on Oct 7, Magicbricks will now be offering its customers re-possessed properties of PNB Housing Finance Limited at attractive rates and priced at lower than the prevailing market rates. Further, properties would be available for quick possession.

Customers can log-on to auctions.magicbricks.com to register by Nov 24, 2017. The properties are spread across NCR (35), Bhiwadi (2), Mohali (2), Indore (1), Jagadhri (1), Ludhiana (1), Sonipat (1), Yamunagar (1) and Zirakpur (1).

Ritesh Mohan, Sales Head-Strategic Accounts, Magicbricks, said: “After the astounding success of ‘My Bid, My Home’ during which we generated sales in excess of Rs.200 crore, we are now thrilled to announce yet another endeavour for our auction platform with PNB Housing Finance Limited. Consumers will get a wide choice of properties to be owned through online auction at attractive rates.”

Prasanna Singh, National Head – Collections, PNB Housing Finance said, “With growing penetration of online transaction the trend towards e-auctions of properties has picked up speed in India. We foresee it as a viable ground and hence have partnered with Magicbricks to offer our re-possessed property to customers at attractive rates.”