Rishabh Group partners with Magicbricks to sell ready-to-move-in apartments in their Cloud9 project through online bidding


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  • Buyers will get to choose from multiple options on Magicbricks’ cutting-edge digital bidding platform
  • Base price of flats of 1/2/3BHK flats is Rs.5496/sqft

Rishabh Group, North India’s leading developer, has tied up with Magicbricks, India’s No.1 property site, for sale of multiple units in their project Rishabh Cloud9 Towers, Vaishaliin Delhi NCRthrough an innovative online bidding campaign.

As a part of the Bid- Buy-Livecampaign 1/2/3 BHK flatswould be available for buyers through online bidding on Magicbricks’ online bidding platform on August 19, 2018between 11 am to 6pm.Interested buyers will just need to register to be able to participate in the bidding process on Magicbricks (https://tinyurl.com/y733aefv).

Following a string of successful online bidding campaigns with leading developers like M3M and WTC and e-auctions with PNB Housing Finance, HDFC Ltd. and Axis Bank, Magicbricks’ online bidding platform has become an innovative sales channel for developers and bankers alike.

Commenting on the Bid-Buy-Live initiative, Mr. Sudhir Pai, CEO, Magicbricks, said: “We have developed a high performing, robust, and a reliable online bidding system that gives our partners access to the retail customers. Over the last six months we have enhanced the user experience and Magicbricks’ online bidding platform has evolved as an innovative sales channel for both developers and bankers.Following a string of five successful online-bidding/e-auction campaigns, we are excited to announce the launch of another innovative online campaign Bid- Buy-Live with Rishabh Groupthat would allow consumers access to buy multiple properties at attractive rates.Our online bidding platform puts the price decision in the hands of the buyer by offering a level-playing field through a transparent and fair price discovery system.”

The properties available for bidding on the platform would have their base price lower than the market price. Rishabh Cloud 9 Towers is located in Sector-1, Vaishali. Apart from the great location the Group is offering a host of incredible offers and features to buyers such as no internal andexternal development charges, no view, corner and floor PLC, semi modular kitchen up-to granite stone countertops, no external electrification andfirefightingcharges, wardrobe in each bedroom, ceiling fan, fancy lights in all rooms, UPVC window,wooden flush doors, centralized RO water and 0% GST impact.

Commenting on the BID-BUY-LIVE offer, Mr. Sanjeev Jain, CMD Rishabh Group, said, “This is a great opportunity for all those buyers, who are looking to own their dream home, near Delhi at an incredibly attractive rates. Moreover the possession of the units have already started. I would also like to congratulate the Magicbricks team for their excellent effort in the whole process”.

Magicbrickshas been awarded the Standardisation, Testing and Quality Certification (STQC) by the Ministry of Communications and Information Technology, making it the country’s only real estate portal eligible for a bidding platform for properties. For the first-of-its-kind certification, Magicbricks had to conform to 150 stringent parameters laid down by the Ministry of Communications and Information Technology.