Magicbricks eyes 5X growth in home loan segment
Having established itself as a leading full-stack real estate service provider during its 17-year-long journey, Magicbricks has now set its sights on expanding the home loan segment. The company is poised to collaborate with more financial institutions and digitize the entire home loan process in a bid to establish one of the largest home lending channel partner networks in the country.
Their ambitious goal? To achieve a 5X growth within the next 1-2 years.
Talking about their plans, Sudhir Pai, CEO of Magicbricks, says, “We identified various requirements in a customer’s journey such as dependable expert advice, legal expertise, and easy access to home loans, and in 2019, embarked on a strategic journey to diversify our service offerings. The year 2020 marked a watershed moment, as the pandemic accelerated digitalization and customers increasingly favored the convenience of services accessible at the click of a button. In this rapidly-evolving landscape, real estate was no exception, and the momentum of digitization gained even more traction.”
With an extensive portfolio of offerings that includes home loans, expert advisory services, interior design, moving and packing solutions, and vastu consultations, Magicbricks claims to have now become a one-stop destination for all aspects of the property journey.
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Magicbricks continues to stay ahead of the curve by harnessing technology to understand and cater to customer behavior, providing highly personalized solutions. One notable innovation is the ‘Know Your Tenant’ feature, which facilitates seamless communication between landlords and potential tenants through integrated chat windows. This feature led
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