According to a joint statement, Magicbricks has signed a partnership agreement with the National Real Estate Development Council (NAREDCO) to institutionalise research-led conversations, structured policy dialogue, and large-scale knowledge dissemination.
Under the one-year memorandum of understanding (MoU), Magicbricks will serve as the knowledge partner and official broadcast partner via MBTV for Naredco initiatives. They will bring research reports and various monthly co-branded newsletters.
Naredco Chairman Niranjan Hiranandani said: “The Indian real estate industry stands at a pivotal juncture, transforming into a transparent, data-driven, and institutionally robust sector. With tightening regulatory frameworks and more organised capital flows, access to accurate and timely market data has become indispensable”.
The partnership aims to empower consumers, investors, and policymakers alike to navigate a complex market with clarity and confidence.
Naredco President Parveen Jain said, “Our partnership with Magicbricks enables us to combine on-ground developer insights with robust market intelligence and digital reach”.Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. It also provides other real estate services, including home loans, interiors, movers & packers, and expert advice.
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