Magicbricks launches India’s first online property bidding platform

Magicbricks, India’s No.1 property site, 07 October 2017 announced the launch of India’s first online bidding platform for residential and commercial properties and tied-up with leading developer M3M for the inaugural ‘My Bid, My Home’ under which consumers can bid for ready-to-move-in residential properties ranging from 1355sqft-7875sqft in Gurugram on Oct 7.

Magicbricks has been recently awarded the Standardisation, Testing and Quality Certification (STQC) by the Ministry of Communications and Information Technology, making it the country’s only real estate portal eligible for a bidding platform for properties.

With My Bid, My Home, Magicbricks brings yet another industry first value proposition for home buyers. Consumers will get a wide choice of properties to be owned through online bidding. Our online bidding platform is an innovative proposition that will certainly disrupt the category by putting the price decision in the hands of the buyer.

The size apartments on offer ranges from 1355 sqft (two-bed room apartment) to 7875 sqft (five-bed room apartment). The projects are outside the purview of GST as occupancy certificate has already been received and buyers would have an additional benefit of 12 percent. The properties available for bidding would have their base price lower than the market price. The developer is also offering a slew of benefits to customers ranging from PLC wavier, free car park, club membership to one-year free maintenance for some projects, completed kitchen and wardrobes.

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