Magicbricks, a real estate portal based out of India, has recently announced that it will continue to invest in expanding, bringing more property sellers online as it adds more than 60,000 properties on its platform, daily.
The company, which has over 10 lakh (approximately 1 million) property listings, also claimed to have increased its reach to over 16,000 localities across the country.
"We've invested in product and technology bandwidth, as well as deployed significant manpower, to extensively source listings. The edge that we've built on the supply side is directly helping the business," Magicbricks CEO Sudhir Pai said in a statement.
The company will continue to invest in educating and bringing various property sellers online and helping them sell or rent out their property, he said.
Out of the 10 lakh (approximately 1 million) active properties listed on its platform, 58 percent are for sale and 42 percent for rent. A total of 2.1 lakh (approximately 210,000) listings are posted by individual property owners from across 700 towns and cities, the company said.
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