NAREDCO and Magicbricks Join Forces for Enhanced Real Estate Research and Insights
The National Real Estate Development Council (NAREDCO) has announced a strategic partnership with Magicbricks, a leading real estate portal, to bolster research, data analytics, and market intelligence in the property sector. This collaboration is designed to support informed decision-making by industry stakeholders and promote data-driven insights for the broader real estate market.
Under a one-year memorandum of understanding (MoU), Magicbricks will serve as NAREDCO’s official knowledge and broadcast partner through its digital channel, MBTV. As part of the agreement, Magicbricks will deliver comprehensive research reports and co-branded monthly newsletters focusing on the latest trends, pricing movements, and demand-supply dynamics across key Indian property markets.
In a joint statement announcing the collaboration, Niranjan Hiranandani, Chairman of NAREDCO, emphasized the real estate industry's transition toward greater transparency and institutional strength. He noted that tightening regulations and better capital flows are making timely and reliable market data more essential than ever for developers, investors, and homebuyers. Hiranandani stated, “Access to accurate and timely market information has become indispensable. We need structured dialogue and research-based insights to support the sector’s growth.”
Parveen Jain, President of NAREDCO, added that the partnership will combine on-ground insights from developers with Magicbricks’ digital reach and analytical capabilities. He said, “This collaboration will help deliver a clearer picture of market realities to all stakeholders and promote more informed decision-making.”
The MoU reflects a growing focus on data and analytics in the real estate sector as developers, buyers, and regulators increasingly look to trusted research and structured market intelligence to guide their strategies. This partnership is expected to enhance the overall transparency and efficiency of the real estate market, benefiting all participants.
NAREDCO, established in 1985, is a national organization representing real estate developers in India. It aims to promote the growth of the real estate sector through advocacy, research, and best practices. Magicbricks, on the other hand, is a prominent online platform providing comprehensive real estate listings and market data, catering to both residential and commercial property segments.
The collaboration between NAREDCO and Magicbricks is a significant step towards creating a more transparent and data-driven real estate market in India. By leveraging each other's strengths, the two organizations aim to provide valuable insights and resources to the industry, ultimately benefiting consumers, investors, and policymakers.
