How much does t cost to develop an on-demand app like MagicBricks


Changing homes or cities can be difficult and sometimes even confusing when people are moving to another unknown city for the first time. Whether you are looking to change your home or planning to shift in a new city finding a new house is hard. But since the technology, the Internet, smartphones, and on-demand applications have made our life so easy that tasks such as listing your new home using an on-demand app like MagicBricks have become so simple. One of the main reasons behind people getting stuck with the wrong property or getting an unfair deal is that they don’t get to choose from a lot of options but applications such as MagicBrick and Zillow have changed it all. Now anyone who is looking to rent a property or purchase a new one can directly visit these on-demand services and check out all the available listings according to your budget and preferences. Although these apps are great for users but for someone who is looking to invest in trendy on-demand applications to earn profit as well as someone who has their own real estate company can also invest to develop an on-demand application like MagicBricks. If you are also looking to build an app like Magicbricks and wondering about How much does it cost todevelop an on-demand app like MagicBricks then we are going to share with you the development process as well as the cost deciding factors. Welcome to the Tech Pathway blog, today we are going to share with you How much does itcost to develop an on-demand app like MagicBricks. 

Also Read :- How much does it cost to develop an on-demand website and app like 99acres.com

The history and business model of Magic bricks

Magicbricks was founded in 2006 by Times Internet Limited to help people find a property that they will love at fair prices. In other words, we can also say that MagicBricks is a common platform for buyers and sellers to connect and source all the information about the properties. According to an article MagicBricks has raised around $300 million in fundraising. With their 1.1 million listings they are making an enormous profit in the market. 
The business model of MagicBrick is like every other on-demand service provider means first they get listings and users then they monetize the application by promoting properties and through ads. 
The bulk of their revenue comes from the large builder and broker firms for listing properties and in return for promoting their listings. 
The other method of generating revenue can be a subscription-based method for builders and brokers to help them sell properties. 
Key partners of MagicBricks
  • Real estate builders.
  • Property owners
  • Real estate brokers
  • Technology partners- website and designers
  • Property consultancy and experts
  • Legal partners

Key Channels
  • Application
  • Website
  • Online & offline advertisement
How to use MagicBricks 
  • First, you will need to open its official website or install their mobile application from the App Store or the Play Store. 
  • Second, Once the website or application is open you can start the registration process by verifying your mobile number and email ID. 
  • Third, once you have registered and logged in into the platform, it will ask you if you are a buyer or seller. 
  • If you are a seller then you can select the option and list your property. You will need to provide all the common information such as an address, the price that you are expecting, are you renting out or selling, photos of the property, number of rooms, stories, bathrooms, and kitchen. In addition to that, if you are looking for a specific buyer such as you only want to rent out to a family. 
  • In case if you are a buyer you can enter details about what type of properties you are looking for such as area, are you renting or purchasing, size of the property, number of rooms, and price range. Once you have entered the details MagicBricks will show you all the listings related to your preferences. 
  • If buyers liked a property then they can request for connection on the platform and later exchange contact details. 
Key features of an on-demand app like MagicBricks
The basic functions that a Real estate listing application and website performs are
  • Rent property
  • Sell Property
  • Buy property

Features
  • Property listing
  • Integrated AI to help users find the best possible option.
  • Filter option
  • In-app messaging and call
  • Post pictures
  • Personalized dashboard
  • Regular update and a wide range of options
  • Regular advertisement
  • Customer support
  • Social sharing
  • Map
  • 3D view of property using AR technology
  • Calendar 
  • Forum
The development cost of your apps like MagicBrick 

The final development costs of your app will be dependent upon various factors such as 
  • The geographical location of the company: Hiring a company from a developing country will be cheaper for you than hiring a company from a developed company 
  • The total number of features and panels: The more features and number of panels your mobile app has the more it will cost you to develop. 
  • The complexity of UI and UX of your app: The better and smoother your app’s UI & UX as well as the layout of your app is the costlier it will be. 
  • The total number of support platforms: Depending upon the numbers of supported platforms the development costs of your app will vary. 
  • The design and development cost of a website: Having a website is also important when it comes to building a complete platform. The average cost of developing an on-demand website is around $5,000 to$20,000.  
By looking at the above-mentioned factors the final development costs of your app and website like MagicBrick will be anywhere between $5,000 to $50,000. 
Looking for a company to hire
If you are looking for a software development company then Tech Pathway is India’s one of the top leading IT consultancy companies. Our dedicated team of developers and designers are ready with all the experience as well as the latest tools & technology to help you turn your dream app into reality. Get in touch with us and let us develop your app while you focus on more important tasks of your business.  

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Comments

  1. AnonymousMarch 17, 2022 at 4:01 AM

    Magicbricks is one of the fastest growing real estate app that helps user find a property for purchase and rent from the platform itself. One of the similar growing industry is of Airbnb like vacation rental apps.

    ReplyDelete

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