State Bank of India Felicitates MagicBricks.com as its "Partner in Prosperity" at the SBI Navratra Property Carnival

NEW DELHI, November 15, 2012 /PRNewswire/ --

State Bank of India (SBI), the Largest Banking and Financial Services Company in India by Revenue, Assets and Market Capitalisation, Awarded MagicBricks.com From Times Business Solutions Limited (TBSL)

The Managing Director of India's Biggest Bank, Mr. A. Krishna Kumar presented a Citation to MagicBricks.com with a salutatory plaque inscribed with the SBI insignia and the words, "In Recognition of our Continuing Partnership for Prosperity" at the SBI Navratra Property Carnival organized by TBSL's flagship property portal MagicBricks.com recently.

The SBI Navratra Property Carnival was a joint event conducted by MagicBricks.com in association with "State Bank of India" - as a successful pilot for a brand new format for property shows in India. SBI was able to issue over 2,000 in-principle sanctions to the home-seekers, who came to the event.

Congratulating MagicBricks.com at the function, Mr. A. Krishna Kumar, MD of SBI said, "The SBI Navratra Carnival is being organised to showcase the Home Loan products that SBI has on offer for its customers. The Carnival was specifically chosen to be organised in the Navratra period as it is considered auspicious and marks the onset of the festive season wherein builders, dealers, companies come out with attractive plans & schemes to boost their sales and people are also in great mood to invest.

This SBI & MagicBricks event is a one of its kind initiative and has the potential to bring exponential business. SBI enters into tie-up with projects after proper due diligence, which adds a huge brand value to the projects. It is a win-win situation for the customer, the builder and the Bank."

This event had nearly 25 major developers, builders and brokers who brought a host of properties and offered a complete package to potential home-buyers.

The exhibition had something for every one of the thousand of property seekers - all under one roof - right from choosing the best residential locations, real estate land, developed properties and of course obtaining the best financial deals from India's biggest bank - SBI.

A very pleased Kanika from Gurgaon said, "It was a great interface where I came to know what all options I can choose from in Gurgaon. Complete information was available and The SBI - Navratra Property Carnival by MagicBricks.com was a one stop shop for all property needs."

Agreed Deepak Sinha, a Sr. Manager from TLT India, "This truly was a one stop shop for all real estate needs. It saves time, gives great options and a better chance to buyers to make up their minds."

Abhinav Rastogi, a Dealer for QVP India said, "Nowadays convenience is what a consumers pay for! Exhibitions like this give this convenient option for buyers to purchase their dream homes. Kudos! I got what I was looking for! Keep it up!"

Big names that participated at the event included DLF, India Bulls, Godrej Properties, Maruti Udyog, Toyota, Tata Motors, SAARE, Jaypee Greens, Raheja, Assotech, Ramprastha Orris Infrastructure, and Paras Buildtech, among a host of others.

Participants at the event were equally pleased by the turnout and arrangements, when asked about the fair, Mr. Tarun Saini, DGM, Godrej Properties, said, "The footfall was great. The arrangements were fantastic. We look forward to the upcoming fairs of MagicBricks.com."

Ms. Ruchika Badiyal, Head - CC of Orris Infrastructure, exclaimed, "The response was amazing. We need to recruit more sales team in-fact another branch. Thanks a lot!"

Mr. Parag Vohra, VP - Sales, Mapsko, opined, "It was really good experience to be a part of exhibition done by MagicBricks.com at Epicenter in Gurgaon. I must say the crowd was good & we did good number of booking from the fair."

Congratulating the team at the culmination of the event, Mr. Sudhir Pai, Business Head of MagicBricks.com said, "The whole-hearted participation by the SBI has reinforced our belief in the value that we are able to provide both Buyers and Sellers of Real Estate in India. Mr. A Krishna Kumar's personal presence and felicitation has given us a fillip to continue to raise the standards and set new benchmarks for ourselves. We are very proud of our association with the SBI."

As the city prepares to invest in the booming real-estate market in this auspicious and festive season, investors and individuals arrived at the fair in search of new projects, ideas and opportunities, and got more than what they were looking for!

Do visit MagicBricks.com and join the festivities!

About MagicBricks.com:

MagicBricks.com provides a platform for property buyers and sellers to locate properties of interest and source information on the real estate space in a clear and transparent process. With in-depth analysis and revolutionary next-gen services customized specifically to address the needs of property seekers and the real estate industry, MagicBricks.com is the leader in online real estate in India.

MagicBricks.com was launched by Times Business Solutions Limited, part of The Times of India Group, in August 2006 and has grown to become India's largest property portal. With over 8,000,000 listings from across the country, MagicBricks is the biggest online property marketplace in the country.

This achievement is not by chance, but by design - based on rigorous research, unique product developments and innovations that users have supported and embraced, including pioneering Geo grouped inventories, Intelligent Auto Suggest, nearby localities, real estate dialogues, PropIndex and GuruTalk. With many new products and services under development, MagicBricks will continue to provide ever-increasing value to its clients and users, and will enhance its leadership in the online property space.

Primary Media Contact: Aseem Seth TBSL, aseem.seth@timesgroup.com, 91-9910273367