– Tenants can earn reward points by using credit cards for paying rent through Pay Rent
- Ease of executing Rental Agreement and Tenant Verification will create a fair relationship between tenants and landlords
Mumbai, 9th November 2020 (GNI): Magicbricks, India’s No.1 property site, today announced the launch of a wide range of rental solutions like – Rental Agreement, Tenant Verification, and Pay Rent as it widens its Property Services marketplace in its quest of consolidating a whole bouquet of smart solutions for home owners and tenants.
Magicbricks is reimagining the Property Services marketplace with the introduction of rental products after having launched services like Home Sanitization and Pest Control and Home Loans. The rental products are aimed at building a fair and transparent relationship between landlords and tenants. Services for Tenant Verification and Rental Agreement can be availed for prices starting Rs.499. Tenants can also use Magicbricks’ Pay Rent platform to transfer rents (up to Rs.45,000) to their landlords by using credit cards and earn reward points.
Excited at the launch of the new rental products, Mr. Sudhir Pai, CEO, Magicbricks, said: “We are consistently trying to come up with new value propositions aimed at helping our consumers in a tech-driven marketplace. Our new rental products like Pay Rent, Tenant Verification and Rental Agreement are in line with our promise of creating a holistic Property Services marketplace that provides landlords and tenants a seamless experience. Our aim is to streamline the process and be a one-stop shop for all online rental transactions. We believe our latest rental solutions will reduce the anxiety in the relationship between tenants and landlords and will be a game-changing move for India’s rental real estate market.”
Magicbricks’ Pay Rent features promises tenants an easy, rewarding and a fully secured payment gateway. The tenant needs to provide details of the landlord, make payments through credit cards and the landlord will receive the payment within 1-2 days. The Tenant will also be provided with a digital rent receipt.
For Rental Agreement, landlords need to simply fill an online form with details of both the parties and make payments for the rental agreement charges, including the stamp duty as required by the law, directly on the platform. The final agreement will be delivered at the doorstep of the landlord. Similarly, landlords can also protect their property by opting for the Tenant Verification service on Magicbricks by opting for Standard (Rs.499), Silver (Rs.699) and Gold Pack (Rs.1499). These packs are based on multiple checks – Identity Verification, Criminal Court Check, Civil Litigation Check, Permanent Address Verification and Reference Check.
Magicbricks is the runaway leader in India’s real estate market with more than 1 Million active property listings and is the preferred online real estate platform for all buyers and sellers. Out of 1 Million active properties, 58% are for sale and 42% for rent and 2.1 lakh exclusive listings posted only on its platform by individual property owners from across 700 towns and cities. With a monthly traffic exceeding 20 million visits, the portal covers 16,000+ localities in the country and offers property seekers a wide range of options in residential, luxury, rental, commercial, and in PG/co-living. With a widespread of properties, Magicbricks now enjoys more than 60% of all online listings in India.
About Magicbricks is India’s No.1 property site. With monthly traffic exceeding 20 million visits and with an active base of over 1.4 million+ property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content, and research services, which have helped us build the largest audience pool.ends
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