Magicbricks, SBI launches Home Buying Festival

Real estate portal Magicbricks and State Bank of India (SBI) last week launched property fest, Home Buying Festival (HBF). This one of a kind online home buying festival will highlight the prime investment hotspots across the metros. It features in depth analysis of properties, infrastructure updates, brief master plan information, as well as risk profile, capital growth forecast for the benefit of consumers looking to purchase real estate properties. This information will be available for several regions, spread across seven metros. Sudhir Pai, CEO, Magicbricks said, “Property festivals are usually designed around deals & discounts. Our understanding of consumers suggest that they are seeking quality data and decision making support which allows them to cut through the noise, and choose the right property. In line with this, the current HBF, while it does offer deals and discounts, but the emphasis is on quality of content and research, enabling the right investment decision in the targeted investment hotspots” Rajnish Kumar, MD, State Bank of India said, “Festivals such as these tend to attract a lot of interest. During times like these, there is a lot of interest in deals, discounts, and other such information, which attract consumers to the platform. We are also offering some interesting home loan deals for the consumers to help them realize their dream of owning a home of their choice in a hassle free manner.”