Magicbricks and the Royal Institution of Chartered Surveyors (RICS) India Pvt. Ltd. have signed a Memorandum of Understanding (MoU) to collaborate on real estate research and market studies. The non-commercial partnership, signed on August 19, 2026, aims to combine Magicbricks’ structured real estate data with RICS’ research and industry expertise to produce research-led insights. The agreement focuses on facilitating knowledge sharing across the real estate sector.
Under the agreement, the two organisations will work on co-authored research reports, white papers, market studies and real estate indices. The initiatives will incorporate statistical and economic analysis, while the MoU also allows for additional research and knowledge-sharing projects by mutual agreement. Initiatives involving RICS affiliates such as the RICS School of Built Environment are included in the scope.
Distinct responsibilities have been assigned to both organisations. Magicbricks will provide clean and structured real estate data and take the lead in preparing reports. RICS and its affiliate will review the outputs, validate the findings and contribute analytical inputs. The organisations will also jointly plan the release of research outputs, with potential engagement involving academia, policymakers and industry stakeholders.
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Research outputs developed under the partnership will carry co-branding based on an agreement between the two organisations. RICS may also facilitate report launches through its platform, while both organisations may coordinate releases with relevant industry and policy events. The MoU will remain valid for one year from the date of signature and can be extended with the mutual consent of both organisations.
Data Privacy and Ownership
The MoU includes provisions governing the handling and protection of data. Data provided by Magicbricks will remain its sole property, while shared data will exclude sensitive personal information, including names, contact numbers, addresses and email IDs. Raw data cannot be made public without prior written consent from Magicbricks. Data handling under the collaboration 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. RICS, however, will retain rights to its underlying methodologies and analytical frameworks.
Related: Legal Considerations When Investing in Real Estate
While the partnership establishes clear ownership lines, the reliance on proprietary data sources introduces a layer of complexity for future scalability. If Magicbricks expands its data collection methods to include less structured or unverified property listings, the validation process maintained by RICS could become a bottleneck. The success of the research outputs will likely depend on how effectively the organizations can harmonize these different data standards without diluting the analytical rigor RICS is known for.
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 partnership represents a significant step forward for the industry. By combining forces, the two entities aim to set new standards for market transparency and reliability. This collaboration is particularly relevant for investors looking to handle the market safely. Proper research is essential before making any investment decisions. Investors should also consider the broader legal setting before committing funds. [1] For those interested in the specific market trends of key areas, the growth potential of regions like Oshiwara in Mumbai is worth noting. [2] Understanding the legal framework is equally important for long-term success in real estate investment.
