SBI and Magicbricks’ ‘seal the deal’ initiative receives overwhelming response

New Delhi [India]: Magicbricks, an online real estate portal and the State Bank of India’s (SBI) online property carnival saw 1.3 Cr visits made by 81 Lac users on the Magicbricks website and 4304 visits made at SBI’s site for home loan enquiries.

‘Seal the Deal’ culminated on Feb 28, 2017 after a month long campaign offering the best of deals to the home seekers. The online property carnival by the two leading players witnessed participation of 109 builders with over 200 projects across 12 cities in India that were available at price points ranging between 30Lakh to 3Crore.

“Seal the Deal festival has received exceptional response from the buyers and has generated positive sentiments for real-estate investments across India. This carnival provided a platform to the home-seekers to explore the best of SBI approved properties with lucrative deals offered by the developers, making it one its kind initiative in the industry,” said Sudhir Pai, CEO

As per Magicbricks’ research data, Seal the Deal festival witnessed more queries for affordable housing segment. More than 65 percent property seekers showed their interest in the two and three BHK segment. Additionally, properties in the price segment of Rs. 30-50 lakh contributed to 73 percent of total leads generated. (ANI)