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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 2014. Also present at the presentation ceremony were senior Congress Leader Mr. Salman Khurshid, The Chairman and President of NAREDCO Mr. Navin Raheja and Mr. Sunil Mantri respectively.

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L-R : Navin Raheja, Dipti Tandon (Magicbricks), Jayashree Kurup (Magicbricks), Salman Khurshid, Venkaiah Naidu, Sunil Mantri

“We are deeply honored to have received this award from a prestigious body such as NAREDCO and are grateful to NAREDCO for recognizing our efforts thus far. There’s lots more to do done in the Online Property Space, and recognition such as this, reaffirms our commitment to innovating and creating the very best of products, services and tools for our consumers and customers” remarked Sudhir Pai, Business Head of Magicbricks.com, on receiving the award.

Some of the initiatives that supported Magicbricks.com candidature for this honor include

> Magicbricks’ work with the National Council of Applied Economic Research (NCAER) and the National Housing Bank (NHB) as the data collector for the national residential index – Residex.

> Magicbricks’ Research work with the National Housing Board (NHB) on evolving Transaction Cost Analysis since 2007-8.

> Being the content provider and partner with the All India Council of Mayors to amplify best practices in city management.

> Magicbricks’ work as one of the data providers to the NCAER for working with the Delhi Development Authority on the Land Pooling Policy.

The NAREDCO Real Estate Awards were presented to accomplished stakeholders of real estate for which the knowledge partner was KPMG, the global network of professionals, providing audit, tax and advisory services.

About NAREDCO –

National Real Estate Development Council (NAREDCO) was established as an autonomous self-regulatory body in 1998 under the aegis of Ministry of Housing and Urban Poverty Alleviation, Government of India. It was formed with the mandate to induce transparency and ethics in real estate business and transform the unorganized Indian real estate sector into a matured and globally competitive business sector.

NAREDCO works to create and sustain an environment conducive to the growth of real estate industry in India, partnering industry and government alike through advisory and consultative processes.

About Magicbricks.com –

Magicbricks.com is India’s No.1 property portal. With monthly traffic exceeding 8 million visits and with an active base of over 7 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 build the largest audience pool for real estate in India.

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