New And Resale Property Listings On Magicbricks Nearly Equal In December Quarter

Share of new and resale properties listed on real estate classifieds platform Magicbricks was almost equal during the December 2024 quarter.

In a statement on Tuesday, Magicbricks said that during the October-December period of 2024, 50.9% of listed properties across 13 major cities comprised new inventory, including builder floors, under-construction homes and independent houses.

The remaining 49.1% represented resale properties owned by individuals.

Among 13 cities, new properties in Gurugram constituted 63.1% of listings, indicating a notable rise in new supply.

In Ahmedabad, new properties contributed 43.1% to the total listing on Magicbricks while resale units 56.9%.

New properties in Bengaluru accounted for 58.9% to the listing, while the same in Chennai stood at 59.4%, Hyderabad 43.4%, Kolkata 45.4%, Mumbai 56.3%, Navi Mumbai 39.35%, Thane 35.54% and Pune 53%.

In the national capital region, the listing of new properties was only 29.3% and Noida 34.7%.

Greater Noida, however, had 52% listing of new properties.

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.