New Delhi, Magicbricks, one of the leading real estate platforms, has launched 'Propworth', a property valuation tool for potential buyers and sellers.
The tool, powered by advanced machine learning algorithms, will help buyers and sellers evaluate the approximate value of any property, Magicbricks said in a statement on Tuesday.
Trained on 15 years of data and over 30 million listings, Propworth covers 50,000 projects in 5,500 localities across 30 cities, offering comprehensive valuations for a variety of property types including apartments, independent houses and villas.
According to Magicbricks, residential demand has increased by 23.8 per cent in the last three years, with property prices in major cities increasing by about 42.6 per cent.
Magicbricks said the PropWorth tool will empower homeowners to assess their property values and deliver an impressive accuracy rate of 98 percent.
Sudhir Pai, CEO of Magicbricks, said, “In today's dynamic real estate market, accurate property valuation is more important than ever. PropWorth uses data-driven estimations to ensure quick and accurate property valuation, eliminating the guesswork. This clarity empowers buyers and sellers to make well-informed decisions."
The tool, powered by advanced machine learning algorithms, will help buyers and sellers evaluate the approximate value of any property, Magicbricks said in a statement on Tuesday.
Trained on 15 years of data and over 30 million listings, Propworth covers 50,000 projects in 5,500 localities across 30 cities, offering comprehensive valuations for a variety of property types including apartments, independent houses and villas.
According to Magicbricks, residential demand has increased by 23.8 per cent in the last three years, with property prices in major cities increasing by about 42.6 per cent.
Magicbricks said the PropWorth tool will empower homeowners to assess their property values and deliver an impressive accuracy rate of 98 percent.
Sudhir Pai, CEO of Magicbricks, said, “In today's dynamic real estate market, accurate property valuation is more important than ever. PropWorth uses data-driven estimations to ensure quick and accurate property valuation, eliminating the guesswork. This clarity empowers buyers and sellers to make well-informed decisions."
