Magicbricks, NAR-India Resolve Differences, Renew Partnership
Real Estate

Magicbricks, NAR-India Resolve Differences, Renew Partnership

Magicbricks has announced the resolution of concerns raised by NAR-India, reaffirming a partnership aimed at fostering industry growth. The brokers’ body had earlier objected to certain social media posts, prompting protests and calls for boycott despite the company’s corrective measures.

Following constructive dialogue, both parties signed a joint declaration recognising Magicbricks’ corrective actions, including removal of objectionable content. NAR-India members have agreed to withdraw the boycott and acknowledge the platform’s contribution to realtors.

Magicbricks said it remains committed to transparency, trust, and long-term collaboration to support the growth of India’s real estate sector.

Magicbricks has announced the resolution of concerns raised by NAR-India, reaffirming a partnership aimed at fostering industry growth. The brokers’ body had earlier objected to certain social media posts, prompting protests and calls for boycott despite the company’s corrective measures.Following constructive dialogue, both parties signed a joint declaration recognising Magicbricks’ corrective actions, including removal of objectionable content. NAR-India members have agreed to withdraw the boycott and acknowledge the platform’s contribution to realtors.Magicbricks said it remains committed to transparency, trust, and long-term collaboration to support the growth of India’s real estate sector.

Next Story
Real Estate

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Next Story
Infrastructure Urban

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Next Story
Infrastructure Transport

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement