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STATE GOVERNMENT PROPOSES SINGLE AIRPORT TO regulatory frameworks more structured, the need for transparent,
SERVE NORTHERN KARNATAKA. research-driven insight has become central to sectoral decision-
Karnataka is considering establishing a new airport in Kalyan making. This collaboration aims to position industry dialogue
Karnataka to enhance connectivity to the districts of Ballari, around verified data rather than anecdotal trends. CONSTRUCTION
Koppala, and Vijayanagara, Infrastructure Development Minister Under the one-year Memorandum of Understanding, Magicbricks
M. B. Patil said recently. Responding to a starred question in the will serve as Knowledge Partner and Official Broadcast Partner
Legislative Council, Patil said that a final decision on the airport’s via MBTV for NAREDCO initiatives. Together it will launch research
location would be made only after a meeting with the Chief reports, and various monthly co-branded newsletters, creating
Minister and public representatives from all three districts. a unified pipeline for research dissemination that will help
The proposal to develop an airport in Ballari has been on the homebuyers navigate the market with greater confidence, clarity,
table since 2010. The state acquired 900 acres of land that and access to credible, data-backed insights. The partnership
year and awarded the contract to Chennai-based M/s Marg Sri will see curation of multiple industry dialogues and amplification
Krishnadevaraya Airport Private Limited, but progress has been of the same.
slow over the past decade. Patil emphasized that the initiative Dr. Niranjan Hiranandani, Chairman, NAREDCO, said: “The Indian
aims to improve regional connectivity and support economic real estate industry stands at a pivotal juncture, transforming
growth in Kalyan Karnataka, a region historically underserved in into a transparent, data-driven, and institutionally robust sector.
terms of air transport infrastructure. With tightening regulatory frameworks and more organised
capital flows, access to accurate and timely market data
MAGICBRICKS AND NAREDCO JOIN HANDS TO has become indispensable. Our strategic partnership with
STRENGTHEN DATA-DRIVEN ENGAGEMENT IN INDIAN Magicbricks underscores NAREDCO’s commitment to fostering
REAL ESTATE ECOSYSTEM informed decision-making through credible insights. This evolution
In a move that signals a stronger push towards data-backed empowers consumers, investors, and policymakers alike to
industry collaboration, Magicbricks has signed a strategic navigate a complex market with clarity and confidence.”
partnership with the National Real Estate Development Council Parveen Jain, President, NAREDCO, said, “The Indian real estate
(NAREDCO) to institutionalise research-led conversations, structured sector is entering a phase where policy alignment, regulatory
policy dialogue, and large-scale knowledge dissemination across clarity, and institutional capital are shaping long-term growth. In
India’s real estate ecosystem. such an environment, credible data and structured knowledge
At a time when the sector is transitioning from cyclical volatility to exchange become essential. Our partnership with Magicbricks
a more formalised and regulated growth phase, the partnership enables us to combine on-ground developer insights with robust
is designed to bridge a long-standing gap between industry market intelligence and digital reach. This collaboration will help
representation, credible market intelligence, and mass digital foster informed dialogue between developers, policymakers,
amplification. As capital flows become more institutional and investors, and consumers, while strengthening transparency and
confidence across the ecosystem. As the industry matures, data-
led engagement will play a critical role in guiding sustainable
and inclusive growth.”
Prasun Kumar, CMO, Magicbricks, said, “The partnership
recognises the need for building credible, data-driven insights
and a meaningful content distribution platform. MB Research
is one of the most credible real estate research partners for
developers, while MBTV is the world’s leading online real estate
channel with 1.75 million+ subscribers. For developers, it creates
a structured platform for research-backed visibility and national
amplification. For policymakers and stakeholders, it enables
access to consolidated market insights that support informed
dialogue. For the larger ecosystem, including investors and
homebuyers, it reinforces transparency through consistent, data-
driven narratives. The partnership will also be leveraged across
multiple curated events and platforms to deepen engagement
and widen the reach of these insights.” As NAREDCO continues to
represent developers and industry stakeholders under the aegis
of the Ministry of Housing and Urban Affairs, the collaboration
also aligns with the sector’s push towards professionalisation and
stronger institutional frameworks. With this association, Magicbricks
strengthens its evolution from a listings platform to a knowledge-
led industry convenor — one that not only reflects market
movements but actively contributes to shaping informed, policy-
aligned discourse in Indian real estate.

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