Unlock Instant Property Valuation for 50,000 Projects Across 30 Cities with PropWorth
Magicbricks' advanced machine learning-powered tool PropWorth provides accurate property valuations for apartments, independent houses, and villas across 30 cities
Real EstateProperty ValuationMagicbricksPropworthMachine LearningReal Estate NewsJul 09, 2024
Trained on 15 years of data and over 30 million listings, PropWorth covers an extensive 50,000 projects in 5,500 localities across 30 cities, providing comprehensive valuations for various property types. The tool's remarkable accuracy rate of 98% ensures that users receive reliable estimates, eliminating guesswork and uncertainty.
According to Magicbricks, the Indian residential market has witnessed a significant surge in demand, with prices increasing by nearly 42.6% across major cities over the past three years. In this context, PropWorth is a game-changing tool that enables homeowners to assess their property values with confidence.
The advanced machine learning system behind PropWorth analyzes vast amounts of data efficiently, identifying key factors to generate reliable property value estimates. To use the tool, 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.
The covered cities include 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.
Sudhir Pai, CEO of Magicbricks, emphasized the significance of PropWorth, stating,
Frequently Asked Questions
What is PropWorth?
PropWorth is an instant property valuation tool powered by advanced machine learning algorithms, launched by Magicbricks.
How accurate is PropWorth?
PropWorth has an impressive accuracy rate of 98%, ensuring reliable property value estimates.
How many projects and cities are covered by PropWorth?
PropWorth covers 50,000 projects in 5,500 localities across 30 cities in India.
What information do I need to provide to use PropWorth?
You need to provide comprehensive property information, including project or locality name, property type, number of bedrooms, super area, floor number, and car parking spaces, among other details.
How does PropWorth benefit buyers and sellers?
PropWorth empowers buyers and sellers to make well-informed decisions confidently, eliminating guesswork and uncertainty in property valuation.
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