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Magicbricks, the realty portal has posted 20 percent growth in revenue during last fiscal at Rs 132.6 crore.
It has said in a statement that the company had posted 30 percent growth in revenue during the fourth quarter at Rs 36 crore.
Sudhir Pai, Magicbricks CEO has said that “While there has been short-term pressure on the pace of growth post demonetisation, we saw search queries recovering strongly in the fourth quarter of 2016-17, indicating consumer sentiment revival. We beat the slowdown through a series of initiatives across product innovation, traffic growth, channel initiative and partnership alliances.”
