Instant Property Valuation Made Easy: PropWorth Covers 50,000 Projects Across 30 Cities
Magicbricks launches PropWorth, a cutting-edge property valuation tool powered by machine learning, covering 50,000 projects in 30 cities
Property ValuationReal EstateMagicbricksPropworthInstant ValuationReal EstateJul 09, 2024
With residential demand surging by 23.8% over the past three years and property prices increasing by nearly 42.6% across major cities, PropWorth is a game-changing tool that assists homeowners in assessing their property values with an impressive accuracy rate of 98%. This innovative tool eliminates guesswork, enabling users to make informed decisions confidently.
Using sophisticated advanced machine learning systems, PropWorth analyzes vast amounts of data efficiently and identifies key factors to generate reliable property value estimates. Users can provide comprehensive property information, including project or locality name, property type, number of bedrooms, super area, floor number, and car parking spaces, to enhance the accuracy of the valuation. Additionally, users can share specific details, such as property direction, view, additional rooms, and amenities, to further refine the estimate.
The tool covers a vast range of cities, including Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Faridabad, Ghaziabad, Goa, Greater Noida, Gurgaon, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Mohali, Mumbai, Nagpur, Navi Mumbai, Nashik, New Delhi, Noida, Patna, Pune, Ranchi, Surat, Thane, Vadodara, Vasai-Virar, Vijayawada, Visakhapatnam, and Zirakpur.
According to Sudhir Pai, CEO of Magicbricks, 'In today's dynamic real estate market, accurate property valuation is more important than ever. PropWorth uses data-driven estimates to ensure quick and precise property valuation, eliminating guesswork. This clarity empowers buyers and sellers to make well-informed decisions confidently.'
Information Magicbricks is India's leading real estate platform, providing comprehensive property listings, news, and insights to buyers, sellers, and real estate enthusiasts.
Magicbricks is a leading online real estate platform that offers a wide range of services, including property listings, valuation tools, and news updates, to cater to the diverse needs of the Indian real estate market.
Frequently Asked Questions
What is PropWorth?
PropWorth is an instant property valuation tool launched by Magicbricks, powered by machine learning, to assist buyers and sellers in estimating property prices with high accuracy.
How accurate is PropWorth?
PropWorth has an impressive accuracy rate of 98%, making it a reliable tool for property valuation.
What data does PropWorth use for valuation?
PropWorth uses 15 years of data and over 30 million listings to provide comprehensive valuations for various property types.
How many cities does PropWorth cover?
PropWorth covers 50,000 projects in 5,500 localities across 30 cities in India.
What information is required to use PropWorth?
Users need to provide comprehensive property information, including project or locality name, property type, number of bedrooms, super area, floor number, and car parking spaces, to get an accurate valuation.
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