Magicbricks generates 40,000 intending buyers for properties

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.80lakh, free modular kitchen/interiors worth Rs.10lakh 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.

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.”

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.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.