NAREDCO and Magicbricks Join Forces to Enhance Real Estate Insights and Policy Discussions

The National Real Estate Development Council (NAREDCO) has formalized a strategic partnership with Magicbricks, one of India's leading real estate portals, to institutionalize research-based conversations, structured policy discussions, and knowledge dissemination across the real estate sector.

Under the one-year memorandum of understanding (MoU), Magicbricks will act as NAREDCO's knowledge partner and official broadcast partner through its MBTV platform. This collaboration will feature research reports, co-branded monthly newsletters, and insights aimed at supporting industry stakeholders.

NAREDCO Chairman Niranjan Hiranandani noted that the Indian real estate sector is at a significant point of transformation, evolving into a more transparent, data-driven, and institutionally robust industry. He emphasized that with stricter regulatory frameworks and organized capital flows, access to reliable and timely market data has become essential.

NAREDCO President Parveen Jain added that the partnership allows the council to merge developer-level insights with strong market intelligence and digital outreach. The collaboration is designed to empower consumers, investors, and policymakers, providing clarity in navigating a complex and evolving market.

Magicbricks currently attracts over 20 million monthly users and hosts more than 1.5 million active property listings. Beyond property listings, the portal offers additional services such as home loans, interior solutions, movers and packers, and expert guidance for real estate transactions.

This partnership represents a strategic effort to combine on-ground industry experience with advanced analytics and digital dissemination, strengthening decision-making for all participants in the real estate ecosystem.