NAR India and Magicbricks Forge New Partnership for Real Estate Industry Unity
In a significant development for India’s real estate market, the National Association of Realtors-India (NAR India) and Magicbricks Realty Services Limited have announced a renewed partnership, resolving past differences and committing to ethical practices and industry growth.
Real EstateNar IndiaMagicbricksIndustry UnityEthical PracticesReal EstateSep 23, 2025
The two organisations released a joint statement declaring that all past differences have been resolved and outlining a shared commitment to ethical practices, accountability, and the long-term growth of the real estate sector.
As part of the resolution, Magicbricks addressed key concerns raised by NAR India and its member associations, taking constructive and corrective measures that included the removal of objectionable content and a reaffirmation of its respect for the dignity, professionalism, and vital role of the Realtor community.
The joint statement confirmed that “all prior actions by either side now stand withdrawn,” describing the agreement as “a new chapter in our collective efforts to elevate industry standards, empower real estate professionals, and strengthen trust across the value chain.”
In a reciprocal move, NAR India has officially withdrawn its earlier disengagement and delisting directive, signalling a complete reset of the relationship.
Future Collaboration
Both organisations emphasised the complementary strengths that will define their renewed partnership:
Magicbricks continues to drive digitisation, market expansion, and developer-broker collaboration, bringing advanced technology and scale to the real estate marketplace.
NAR India remains a cornerstone in building a professional and ethical broker ecosystem, leveraging knowledge sharing, advocacy, and institution-building to uplift the Realtor community nationwide.
Leadership Perspectives
Sumanth Reddy, Chairman of NAR India, stated, “This milestone is the outcome of determined teamwork and open dialogue. I extend my sincere thanks to Hari Babu, President of NAREDCO, for his steadfast support, and to Mr. Haseet Bathiya, Bathiya Legal for their expert counsel. I also applaud the tireless efforts of our entire NAR India team–especially Vice Chairman Tarun Bhatia–for guiding both sides back to the table. With this agreement, we stand united as one industry, committed to shared values and ethical growth. This resolution shows what collective leadership can achieve when we prioritise the larger good of the industry.”
Tarun Bhatia, Vice Chairman of NAR India, added, “This resolution demonstrates the industry’s ability to rise above differences. Magicbricks has taken meaningful positive steps forward, and we reaffirm our respect for their role in creating opportunities for real estate agents and developers. With this understanding, we close the chapter on past disagreements and focus on building a stronger, more collaborative real estate ecosystem. My thanks to Magicbricks and the entire NAR India leadership for embracing this constructive path.”
Amit Chopra, President of NAR India, commented, “Today’s agreement is not just about settling past differences–it’s about shaping the next chapter of our industry. This renewed engagement allows us to strengthen market infrastructure, raise professional standards, and create value for brokers, developers, and consumers alike. I want to acknowledge the relentless efforts of Sumanth Reddy for leading the negotiations for us, as well as the invaluable contributions of Tarun Bhatia and the steadfast support of NAR India President Elect Chandresh Vithalani, which made this resolution possible.”
This partnership marks a significant step towards a more unified and ethical real estate market in India, setting a positive precedent for future collaborations and industry growth.
Frequently Asked Questions
What is NAR India?
NAR India, or the National Association of Realtors-India, is an organization dedicated to building a professional and ethical broker ecosystem in India. It focuses on knowledge sharing, advocacy, and institution-building to uplift the Realtor community nationwide.
What is Magicbricks Realty Services Limited?
Magicbricks Realty Services Limited is a leading real estate platform in India that drives digitisation, market expansion, and developer-broker collaboration. It brings advanced technology and scale to the real estate marketplace, creating opportunities for agents and developers.
What were the key concerns raised by NAR India?
NAR India raised concerns related to the dignity, professionalism, and vital role of the Realtor community. Magicbricks addressed these concerns by removing objectionable content and reaffirming its respect for the Realtor community.
What does the joint statement confirm?
The joint statement confirms that all prior actions by either side are now withdrawn, and it marks a new chapter in their collective efforts to elevate industry standards, empower real estate professionals, and strengthen trust across the value chain.
What are the future plans for NAR India and Magicbricks?
NAR India and Magicbricks plan to leverage their complementary strengths. Magicbricks will continue to drive digitisation and market expansion, while NAR India will focus on building a professional and ethical broker ecosystem, all aimed at promoting the long-term growth of the real estate sector.
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