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Press Releases

Exclusive Project Launch on a Property Portal in India

For the first time in India – a new residential project is being launched exclusively online. Both Salarpuria Sattva Group and Magicbricks.com see this alliance as a game changer in the industry . December 5, 2014: For the first time in India an innovative developer is embracing the online medium and exclusively launching their project online. Putting aside conventional media – Salarpuria Sattva Group has chosen to launch it’s residential project online in an exclusive alliance with Magicbricks.com. The launch is the most critical phase for the ultimate success of any new project – so it is with Cadenza – the Salarpuria Sattva Group (SSG) premium residential project situated in the heart of the Indian IT Industry – Bangalore. To...
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India Inc takes the Creative Route to keep its Best – TimesJobs Study

Reinventing retention the next big thing Until now retention strategies were based on instinct rather than any research or guiding principle. But, today, when the entire work culture has witnessed a paradigm shift, organisations are forced to think differently. Increasingly, organisations are acknowledging this change and thinking of innovative ways to retain employees. Of the 54 per cent organisations who have tried creative ways to retain talent, 32 per cent said their retention rates improved by up to 10 per cent. About 60 per cent believe that application of innovative retention techniques will increase in times ahead, revealed the TimesJobs.com study. One size does not fit all While inventive retention methods are gaining acceptance across most organisations, employers need to...
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40% of India Inc. lost Top Talent to Start-ups: TimesJobs.com Study

While 39% organisations lost top talent to start-ups in just the past 6 months, overall, 45 per cent of companies surveyed agreed that they had lost their choicest & top talent to start-ups in the past revealed a recent TimesJobs.com study. Start-up Craze – The Entrepreneurial Rush Many of the best and brightest of India Inc’s talent are bailing out of their high-paying, prestigious jobs with big corporates to join start-ups or set up their own business. The IT/Telecom sector has witnessed the maximum (40%) talent movement to startups followed by ITeS, Retail and the Manufacturing & Engineering sectors. The Game of Power Freedom to innovate and positions/designations are pointed out as the key factors luring top talent to startups,...
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Indian Real Estate Markets display Cautious Optimism : IIMB MB HSI Report

Sentiments in Ahmedabad have hit new highs while Bangalore takes a break from the steadily rising sentiments to drop for the first time in a year. The IIMB Magicbricks Housing Sentiment Index (HSI) for the 2nd quarter of 2014-15 reveals that home buyers continue to expect prices to rise across the country. But the bullish sentiments seem to be waning from the peak seen soon after the elections last quarter. October 29, 2014: The Housing Sentiment Index (IIMB MB HSI) assessed by IIM Bangalore and Magicbricks forecasts that homebuyers across 10 cities surveyed expect real estate prices to rise over the next six months. The aggregate Housing Sentiment Index (HSI) measured across 10 cities dropped marginally by 4 per cent...
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“Easiest-to-Use” is what sets apart the new Mobile App from Magicbricks.com

The Smart & Simple Mobile App from Magicbricks.com has been developed keeping in mind people who look to the mobile – as their ‘Goto Gadget’ and their main point of reference for any property related query. The core user-base of Magicbricks is people on the move, who prefer accessing the net from their phones rather than from a desktop. In addition, frequent users such as developers, agents and other industry professionals usually access the Internet directly on their EDGE /3G/ WiFi enabled smartphones and rarely access the web from a computer, except at the beginning and end of their workday. Having been one of the first to go mobile, providing new and improved features with the latest technology and platforms...
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Jobs are moving from the Big Metros to Smaller Cities: TimesJobs’ RecruiteX Reveals

Tier II & III cities in India are the Jobs hubs of the future and currently account for nearly 15 per cent of the jobs across key sectors, according to TimesJobs’ RecruiteX. October 13, 2014: At a time, when PM Modi’s ‘Make in India’ initiative is emphasizing that the nation’s growth lies in semi-urban and rural segments, organisations are considering moving to these ‘job hubs of the future’. TimesJobs.com took a look at the scope and potential of some of the key locations, which are giving the big metro centres a run for their money. According to the TimesJobs’ RecruiteX data, Jaipur, Chandigarh, Nashik, Lucknow and Ahmedabad are the major tier II & III cities that have featured in the...
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Hiring records 14% growth; IT/Telecom sector shines again: TimesJobs’ RecruiteX

October 2014: The Indian job market is touching new highs with the IT/Telecom industry writing its strongest growth story with a 20 per cent increase in jobs in just one month, reports RecruiteX, the Jobs Index by TimesJobs.com. The index recorded a 14 per cent increase in September 2014 over August 2014. From January 2014 to September 2014 period, there has been a 21 per cent increase in demand for IT/Telecom professionals, shows The TimesJobs RecruiteX Index. This is also clearly an exciting time for IT professionals in India Inc. Demand doubled for Senior IT professionals The hiring pattern is strong across all levels in the IT/Telecom industry. The time is best for senior IT professionals to look for a...
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Social mission trumps money for Generation Y – reports TimesJobs.com

Over 70 per cent of organisations surveyed feel that Corporate Social Responsibility is an very effective engagement tool for Gen Y’ers Digital natives believe in social good! September 17, 2014: “I really admire Prime Minister Narendra Modi for using his birthday to help the flood victims of J&K” said 23-year old Neha digging into her sprout salad at her office canteen, sparking off a lively lunchtime conversation on how everyone was coming together to support those in crisis. The new generation at the workplace is reshaping capitalism – profits have to be coupled with social responsibility. Corporate Social Responsibility (CSR) is a key tool in engaging Gen Y, according to a recent TimesJobs.com survey. More than 70 per cent organisations...
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Magicbricks wins “Best Property Portal” Award from NAREDCO

September 16, 2014: The National Real Estate Development Council (NAREDCO) awarded Magicbricks.com the title of “Best Real Estate Portal” at the 12th National Convention and Real Estate Awards 2014 conducted on 12th-13th September 2014 in the Nation’s Capital. NAREDCO is the apex body for real estate and housing sectors under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India and The National Real Estate Awards are its gesture to honor industry players and associates for their outstanding performance, contribution and innovation brought about while serving the Indian real estate sector. The Honorable Minister of Urban Development, Housing & Urban Poverty Alleviation, Government of India, Shri Venkaiah Naidu, presented Magicbricks.com with the prestigious award for the year...
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