Magicbricks generates 40,000 buyers for properties worth Rs. 5,000Cr

ANI | Updated: Nov 16, 2017 11:33 IST

New Delhi [India], Nov 16 (ANI-NewsVoir): Signalling the revival of the customer sentiment, 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.

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

"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. This has certainly translated into the success of the Magicbricks Dream Homes Festival during which we received interest from some 40,000 intending buyers in properties worth Rs. 5,000 crore. We believe that it is a great time for end users to buy a house," said Ritesh Mohan, Sales Head-Strategic Accounts, 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 percent and low interest rates of up to 8.35 percent and 1 percent 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. (ANI-NewsVoir)