Magicbricks has taken a significant step in the real estate tech space by acquiring a majority stake in PropViz. This move highlights Magicbricks’ commitment to delivering advanced technology that transforms real estate interactions and elevates customer engagement standards.
With this acquisition, Magicbricks offers cutting-edge 3D visualization and immersive technology solutions designed by PropViz. These solutions include virtual walkthroughs, interactive property tours, smart location maps, integrated booking systems, and real-time inventory management tools, providing a seamless experience for developers and buyers alike.
Through its partnership with PropViz, Magicbricks aims to boost buyer engagement, simplify decision-making, and speed up sales processes for real estate developers. This acquisition strengthens Magicbricks’ developer-focused services, including verified leads and site visit solutions.
Sudhir Pai, CEO, Magicbricks, said, “We now offer a full suite of solutions tailor-made for both homebuyers and developers as part of our full-stack positioning.”
“For developers, apart from our leading ad-sales solutions, we’ve launched site visits & verified leads as disruptive solutions. With PropViz, we will expand our range of solutions for developers covering the entire funnel from pre-launch to launch to sustenance selling of projects.”
Established in 2019, PropViz has made remarkable contributions to the real estate sector. The company has developed 125 million sq. ft. of virtual spaces and created over 1,800 interactive spatial layouts while partnering with more than 100 developers.
