New Delhi, March 16 The real estate body, Naredco, has partnered with the real estate portal, Magicbricks, for data analytics, research, and market intelligence.
According to a joint statement, Magicbricks has signed a partnership agreement with the National Real Estate Development Council (NAREDCO) to institutionalize 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 provide research reports and various monthly co-branded newsletters.
Naredco Chairman, Niranjan Hiranandani, said: "The Indian real estate industry is at a critical juncture, transforming into a transparent, data-driven, and institutionally robust sector. With tightening regulatory frameworks and more organized 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-the-ground developer insights with robust market intelligence and digital reach".
Magicbricks has monthly traffic exceeding 2 crore 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.