Revolutionizing Property Valuation: Magicbricks Unveils PropWorth
Get accurate property valuations with Magicbricks' AI-powered PropWorth tool, covering 30 cities and 50,000 projects
Property ValuationMachine LearningReal EstateMagicbricksPropworthReal Estate MumbaiJul 09, 2024
PropWorth, trained on a vast dataset of 15 years and over 30 million listings, covers an impressive 50,000 projects in 5,500 localities. This comprehensive coverage enables the tool to offer accurate valuations for various property types, including apartments, independent houses, and villas. With a remarkable accuracy rate of 98%, PropWorth eliminates the need for guesswork, providing users with a reliable estimate of their property's worth.
The Indian real estate market has witnessed significant growth in recent years, with residential demand surging by 23.8% over the past three years. Consequently, property prices have increased by nearly 42.6% across major cities. In this dynamic environment, PropWorth's data-driven estimates prove invaluable, enabling buyers and sellers to navigate the market with confidence.
Sudhir Pai, CEO of Magicbricks, emphasized the importance of accurate property valuation in today's market.
Frequently Asked Questions
What is PropWorth?
PropWorth is a property valuation tool powered by machine learning, offered by Magicbricks, a leading real estate platform.
How accurate is PropWorth?
PropWorth has an impressive accuracy rate of 98%, making it a reliable tool for property valuation.
How many cities does PropWorth cover?
PropWorth covers 30 cities, providing comprehensive valuations for various property types.
What is the purpose of PropWorth?
PropWorth empowers buyers and sellers to make informed decisions by providing accurate and quick property valuations.
How is PropWorth trained?
PropWorth is trained on a vast dataset of 15 years and over 30 million listings, enabling it to provide precise estimates for properties.
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