MagicBricks.com’s Property Bazaar for Affordable Homes at Rajnagar Extension - Witnesses Over 10,000 Home Seekers Walk-In and Nets Over Rs. 100 Crores

MagicBricks.com, India’s No. 1 property site, from the Times Group, successfully conducted the “Rajnagar Extension Affordable Property Bazaar” recently at the Expo Centre, Sector 62, Noida. The event witnessed over 10,000 home seekers walk-in over the two-day event and conduct business of over Rs. 100 Crores over last weekend.

New Delhi, India, August 30, 2009 --(PR.com)-- Expressing deep satisfaction with the success of the event, Mr. Ramathreya Krishnamurthi, Business Head, MagicBricks.com, said, “Among online real estate portals, property bazaars are a unique offering from Magicbricks.com, wherein we provide our customers an opportunity to showcase their properties to their prospects. I’m not only happy that we were able to exceed our clients’ expectations, but also delighted with the large number of footfalls at the show that demonstrates interest among consumers for affordable properties. In the coming two months MagicBricks.com is organizing similar shows in Chennai & Bangalore and we expect equal, if not better response to these shows.”

Participating developers were very impressed by the turnout, as, Mr. Mayank Modi of Ashiana Group testified, "The response from the crowd was tremendous. While we anticipated a large number of footfalls, the actual number exceeded all our expectations. People did not only come to visit & survey the available property options but actually booked properties on the spot. It was a very rich experience for us and was by far the best property bazaar we have participated in till date. We would like to participate in all possible events organized by MagicBricks.com in future.”

Another participant, Mr. Manoj Goyal of KDP Group, said, “In the current scenario, where people are hesitant in committing large sums of money - The MagicBricks.com’s Property Bazaar for Rajnagar Extension was a great idea to give home-seekers options of buying their house at a price that suits their pocket. The concept of Low Budget Housing is the latest hit in these tough times and MagicBricks.com had organized the fair so well with this concept, that there was no scope for any flaw. Visitors were overwhelmed by the property options and pricings, and all the participants were happy to see many deals being closed at the fair itself. The complete event was a very good experience for us and we feel proud to be associated with MagicBricks.com today.”

Home-seekers were equally thrilled with the slew of reasonably priced properties showcased at the event. Mr. Sameer Sharma said, “The fair was like a dream come true for me because I have been thinking of buying a low budget house but was not getting good options to compare. The fair organized by MagicBricks.com was very helpful for me in making my decision.”

Another satisfied visitor, Mrs. Savita Kumar said, “My husband & I came to visit the fair because we wanted to buy a house ranging between 25 – 35 lakhs. I saw the ad in the paper and also heard it on the radio after which we made up our mind to visit the fair and check out the options. There are so many options in our range, we are glad we came here.”

Reputed names participating at the MagicBricks.com Affordable Property Bazaar included Ajnara Farms & Services Ltd., Ascent Buildtech Pvt. Ltd, Ashiana Homes Pvt. Ltd., Landcraft Developers Pvt. Ltd., KDP Infrastructure Pvt. Ltd., MCC Developers, Quantum Buildwell Pvt. Ltd., S. G. Estates Ltd., Shree Energy Developers Pvt. Ltd., SVP Builders (India) Ltd., and Techman Buildwell Pvt. Ltd. amongst others and Banks such as HDFC, AXIS, IDBI, ICICI and LIC Home Loans. They were able to register booking for over 40 projects on-the-spot and generate thousands of leads for future registrations in their projects.

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