With Magicbricks' PropWorth, Get Instant Property Valuation For 50,000 Projects Across 5,500 Localities

PropWorth, empowered by sophisticated advanced machine learning systems, analyses vast amounts of data efficiently and identifies key factors to generate reliable property value estimates.
PropWorth covers 50,000 projects in 5,500 localities across 30 cities. (Photo: Unsplash)

PropWorth covers 50,000 projects in 5,500 localities across 30 cities. (Photo: Unsplash)

New Delhi: Real estate platform Magicbricks has unveiled its instant property valuation tool, PropWorth to assist buyers and sellers evaluate the estimated price for any property. The tool, powered by an advanced machine learning algorithm, covers 50,000 projects in 5,500 localities across 30 cities.
Trained on 15 years of data and over 30 million listings, PropWorth offers comprehensive valuations for various property types, including apartments, independent houses, and villas, the company said in a press release.
PropWorth is powered by an advanced machine learning algorithm
PropWorth is powered by an advanced machine learning algorithm
According to Magicbricks, residential demand has surged by 23.8% over the past three years, with property prices increasing by nearly 42.6% across major cities. In this context, PropWorth is a game changing tool that empowers homeowners to assess their property values, delivering an impressive accuracy rate of 98%.
Sudhir Pai, CEO Magicbricks, emphasized the significance of this launch: "In today's dynamic real estate market, accurate property valuation is more important than ever. PropWorth uses data-driven estimates to ensure quick and precise property valuation, eliminating guesswork. This clarity empowers buyers and sellers to make well-informed decisions confidently."
PropWorth, empowered by sophisticated advanced machine learning systems, analyses vast amounts of data efficiently and identifies key factors to generate reliable property value estimates.
Users can provide comprehensive property information such as the project or locality name, property type (flat or house/villa), number of bedrooms, super area, floor number, and car parking spaces. Additionally, users can share specific details including property direction (as per Vastu), view from the property (e.g., road, garden, pool), additional rooms, and amenities (e.g., clubhouse, swimming pool, lift, park, gym) to further enhance the accuracy of the property valuation.
It covers cities including, Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Faridabad, Ghaziabad, Goa, Greater Noida, Gurgaon, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Mohali, Mumbai, Nagpur, Navi Mumbai, Nashik, New Delhi, Noida, Patna, Pune, Ranchi, Surat, Thane, Vadodara, Vasai-Virar, Vijayawada, Visakhapatnam, Zirakpur.
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