The properties are spread across seven zones comprising Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad.
The company, which has over 10 lakh property listings, also claimed to have increased its reach to over 16,000 localities across the country.
The portal hosted over 1.1 million active properties as on June 30 with over 45,000 properties being added daily.
"The 'SBI-Magicbricks Big Bang Home Carnival' witnessed an overwhelming response from over 70,000 potential buyers who were interested in home buying or home finance," the company said in a statement.
Property portal Magicbricks today reported 11 percent increase in its revenue to Rs 41.1 crore for the quarter ended December.
Internet-based real estate companies including Housing.com, PropTiger, MagicBricks, 99acres and CommonFloor collectively reported losses of Rs762 crore for the year ended March 31, 2016
"While there has been short-term pressure on the pace of growth post demonetisation, we saw search queries recovering strongly in the fourth quarter of 2016-17, indicating consumer sentiment revival. We beat the slowdown through a series of initiatives across product innovation, traffic growth, channel initiatives and partnership alliances," Magicbricks CEO Sudhir Pai said.
Housing.com is a part of Elara Technologies Pte Ltd, which also owns PropTiger.com and Makaan.com.
Realty portal MagicBricks today posted 43 percent rise in revenue at Rs 37 crore in the third quarter of this fiscal.
Under this, digital boards will be installed, which will showcase the latest available properties and projects for the convenience of consumers. Magicbricks will also allow builders to use this branding platform to reach out to their specific consumer base, a statement issued here stated.
Biz Wrap: Realty portal Magicbricks has partnered with State Bank of India (SBI) to organise an online home-buying festival, starting on June 10
‘Magicbricks NOW will provide an unbiased, trustworthy and authoritative perspective on the ...
Twenty-six-year-old Rahul Yadav, co-founder CEO of property listings startup Housing.com, has recently made both good and bad news with remarkable regularity.
The aggregate HSI measured across the cities dropped marginally by four percent during July-September quarter to 114 compared to April-June period, indicating property prices would remain static.
The Housing Sentiment Index (HSI), jointly developed by IIM-Bangalore & MagicBricks, is based on an online survey of prospective home buyers in eight major cities of India- Delhi, Noida, Gurgaon, Mumbai, Chennai, Hyderabad, Pune and Bangalore.
Realty developers are hopeful of clearing a large portion of their inventory pile-up during this festive season by luring in buyers with freebies and discounts, even as they sit tight on declared prices, said industry experts.