Mumbai : Magicbricks and Royal Institution of Chartered Surveyors (RICS) India Pvt. Ltd. have signed a Memorandum of Understanding (MoU), on Wednesday, August 19, 2026, to collaborate on real estate research, market studies and indices, bringing together Magicbricks’ structured real estate data and RICS’ research and industry expertise. The non-commercial collaboration will focus on developing research-led insights and strengthening knowledge sharing across the real estate sector.
The partnership will cover co-authored research reports, white papers, market studies and real estate indices, supported by statistical and economic analysis. It also provides scope for additional research and knowledge-sharing initiatives by mutual agreement, including projects with RICS affiliates such as the RICS School of Built Environment.
Under the collaboration, Magicbricks will provide clean and structured real estate data and lead the preparation of reports, while RICS and its affiliate will review, validate and provide analytical inputs. Both organisations will jointly plan report releases, including potential engagement with academia, policymakers and industry stakeholders.
On this occasion, Prasun Kumar, Chief Marketing Officer (CMO) and Business Head, Magicbricks, said, “The real estate sector is increasingly driven by credible data and deeper market understanding. This collaboration with RICS brings together Magicbricks’ real estate data with RICS’ research and analytical expertise to develop structured insights through research reports, indices and market studies. The partnership will support more informed conversations across the real estate ecosystem.”
The jointly developed outputs will carry co-branding agreed between the two organisations. RICS may facilitate report launches through its platform, while the organisations may align releases with relevant industry and policy events.
The MoU also includes provisions for data protection. All data provided by Magicbricks will remain its sole property, with shared data excluding sensitive personal information such as names, contact numbers, addresses and email IDs. Raw data will not be made public without Magicbricks’ prior written consent, and data handling will comply with the Digital Personal Data Protection Act, 2023 and the Digital Personal Data Protection Rules, 2025.
For jointly developed outputs, including research reports, indices, white papers and market studies, intellectual property rights will be jointly owned by Magicbricks and RICS, while RICS will retain rights over its underlying methodologies and analytical frameworks. The MoU is valid for one year from the date of signature and may be extended by mutual consent.
Magicbricks is India’s No.1 property site
As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.
With 20 of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV—India’s leading online real estate YouTube channel—and other proprietary tools so that home buyers can access all information related to price trends, forecasts, and locality reviews.