Revolutionizing Real Estate: Magicbricks Launches PropWorth, an Instant Property Valuation Tool
Magicbricks, India's leading real estate platform, introduces PropWorth, an advanced machine learning-powered property valuation tool, covering 50,000 projects in 5,500 localities across 30 cities.
MagicbricksPropworthProperty ValuationReal EstateMachine LearningReal Estate MumbaiJul 09, 2024
With 15 years of data and over 30 million listings, PropWorth covers an extensive range of 50,000 projects in 5,500 localities across 30 cities, offering comprehensive valuations for various property types, including apartments, independent houses, and villas.
The Indian real estate market has witnessed a significant surge in demand, with property prices increasing by nearly 42.6% across major cities over the past three years. In this context, PropWorth is a game-changing tool that empowers homeowners to assess their property values with an impressive accuracy rate of 98%.
Sudhir Pai, CEO of Magicbricks, emphasized the significance of this launch, stating that 'accurate property valuation is more important than ever in today's dynamic real estate market.' PropWorth uses data-driven estimates to ensure quick and precise property valuation, eliminating guesswork and enabling buyers and sellers to make well-informed decisions confidently.
The tool analyzes vast amounts of data efficiently, identifying 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. Additionally, users can share specific details, such as property direction, view from the property, additional rooms, and amenities, to further enhance the accuracy of the property valuation.
PropWorth covers a wide 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.
Magicbricks, a leading real estate platform, is dedicated to providing innovative solutions to the Indian real estate market. With the launch of PropWorth, the company reaffirms its commitment to empowering buyers and sellers with accurate and reliable property valuations.
Frequently Asked Questions
What is PropWorth?
PropWorth is an instant property valuation tool powered by an advanced machine learning algorithm, designed to assist buyers and sellers in evaluating the estimated price of any property.
How accurate is PropWorth?
PropWorth has an impressive accuracy rate of 98%, ensuring quick and precise property valuation.
What kind of properties can be valued using PropWorth?
PropWorth offers comprehensive valuations for various property types, including apartments, independent houses, and villas.
How many cities are covered by PropWorth?
PropWorth covers 30 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.
What is the significance of PropWorth in the Indian real estate market?
PropWorth is a game-changing tool that empowers homeowners to assess their property values, enabling buyers and sellers to make well-informed decisions confidently in today's dynamic real estate market.
Related News Articles
Rustomjee Launches Belle Vie: A Luxury Plotted Development in Kasara
Mumbai, Maharashtra, India: Rustomjee Group, a leading real estate developer, announces its entry into plotted development with the launch of Belle Vie, a luxury residential project in Kasara.
TGRERA Directs Aliens Developers to Expedite Project and Pay Interest for Delay
The Telangana Real Estate Regulatory Authority (TGRERA) has issued a directive to Aliens Developers to expedite the completion of the 'Aliens Space Station' and to pay interest for the delay in project delivery.
Signature Global Acquires 16-Acre Land in Gurugram for ₹300 Crore; Plans Premium Housing Project
Gurugram-based real estate developer Signature Global has acquired a 16.12-acre land parcel for about ₹300 crore in Gurugram. The company plans to develop a premium housing project with units priced between ₹3 crore and ₹4 crore.
Union Budget 2025-26: How the Rs 12 Lakh Nil Tax Slab Enhances Spending Power for Homebuyers?
The Finance Minister's Union Budget 2025 measures have provided a significant boost to the real estate industry. With the completion of 50,000 housing units under the SWAMIH initiative, homebuyers are set to benefit from increased spending power due to th
Unlocking Excellence: Discover the Benefits of a Swiss Boarding School
Swiss boarding schools are renowned for their high standards of education and holistic development. Discover why sending your child to one might be the best decision for their future.
Macrotech Developers Acquires 10 Land Parcels to Develop Rs 24,000 Crore Worth Housing Projects
Macrotech Developers, a leading real estate developer with a robust presence in MMR, Pune, and Bengaluru, has made significant strides by acquiring 10 land parcels in FY25. The company plans to develop these parcels into high-value housing projects worth Rs 24,000 crore.