Magicbricks Propworth
India’s leading real estate platform Magicbricks has launched its Instant Property Valuation Tool Propworth. The tool is equipped with advanced machine learning algorithms and helps buyers and sellers valuing the estimated value of the property.
Trained on 15 years of data and over 30 million listings, Propworth covers 50,000 projects across 5,500 locations in 30 cities. The tool gives comprehensive valuations for different property types, including apartments, independent houses and villas.
Residential demand increased by 23.8% in three years
According to Magicbricks, residential demand has increased by 23.8% in the last three years, and property prices have increased by about 42.6% in major cities. In this context, Propworth is a game-changing tool that enables property owners to assess the value of their property and has an accuracy rate of 98%.
Speaking at the launch of Propworth, Sudhir Pai, CEO, Magicbricks said, “In today’s dynamic real estate market, accurate property valuation has become more important than ever. Propworth ensures quick and accurate property valuations using data-driven estimations, eliminating the guesswork. This clarity enables buyers and sellers to make informed decisions with confidence.”
Propworth is powered by machine learning systems
Propworth is powered by advanced machine learning systems. Powered by this, Propworth is a tool that efficiently analyzes large amounts of data and identifies key factors to generate reliable property valuation estimates.
How to check your property value on Propworth
Users can provide comprehensive property information such as project or area name, property type (flat or house/villa), number of bedrooms, super area, floor number, and car parking space. Additionally, users can provide specific information including direction of the property (as per Vastu), view from the property (e.g., road, garden, pool), additional rooms and amenities (e.g., clubhouse, swimming pool, lift, park, gym) to enhance the accuracy of property valuation.
Facility will be available in these cities
Magicbricks Propworth can be used in cities like 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 Magicbricks?
Magicbricks is India’s number 1 property site. Magicbricks has a monthly traffic of over 2 crores and an active base of over 15 lakh property listings. Magicbricks has transformed into a full stack service provider for all real estate needs, including services like home loans, interiors and expert advice.
With 17+ years of experience and research backed knowledge, Magicbricks also offers platforms like MBTV – India’s leading online real estate YouTube channel and a collection of other property tools to enable home buyers to access price trends and forecasts, locality reviews and other relevant information.
[8:26 PM, 7/9/2024] Sharanappa.ghalgonda.hk: https://web.whatsapp.com/