real estate app like magicbricks

The real estate industry is rapidly transforming with digital advancements, and mobile apps like Magicbricks have changed how people buy, sell, and rent properties. If you plan to develop a real estate app like Magicbricks, understanding the cost structure and key features is essential. This blog will provide a comprehensive breakdown of the estimated cost, development process, and factors influencing pricing in India.

Why Invest in a Real Estate App Like Magicbricks?

The demand for digital real estate platforms is growing as more users prefer searching for properties online. Here are some reasons why developing a real estate app is a lucrative business:

  • Increased User Convenience: Buyers and renters can browse properties anytime, anywhere.
  • Enhanced Engagement: Real-time chat, video tours, and push notifications improve user experience.
  • Revenue Opportunities: Earn through premium listings, ads, and commissions.
  • Market Growth: The Indian real estate market is projected to reach $1 trillion by 2030, driving demand for digital solutions.

Read More: How to Build a Sports Streaming App Like Sportsurge in 2025?

Factors Affecting the Cost of a Real Estate App in India

The cost of developing a real estate app depends on multiple factors, including features, design, technology stack, and development team expertise.

1. App Features & Complexity

A feature-rich real estate app provides a seamless experience for users. The more advanced the features, the higher the development cost. Here are some key features:

Basic Features (Essential for MVP Development)
  • User Registration & Login: Secure email, phone, or social media authentication.
  • Property Listings: Allows users to list and search for properties with images and descriptions.
  • Advanced Search & Filters: Search by location, price, size, type, amenities, etc.
  • Favorites & Wishlist: Users can save preferred properties.
  • Contact Seller/Agent: Direct chat or call integration.
  • Push Notifications: Alerts for new listings and price drops.

Read More: ERP Software Developers for Production Management: A Complete Guide

Advanced Features (For a Premium Experience)
  • Virtual Property Tours: 360-degree views and video walkthroughs.
  • AI-based Property Recommendations: Personalized suggestions based on user preferences.
  • In-App Payment Gateway: Secure transactions for property bookings and featured ads.
  • Geo-Tagging & GPS Navigation: Helps users find properties based on their location.
  • Admin Panel & Analytics: Real-time insights on listings, user behavior, and revenue.
2. UI/UX Design & App Interface

A well-designed app ensures a smooth user experience and better engagement. A real estate app should have:

  • Intuitive Navigation: Easy property search and filter options.
  • Attractive Visuals: High-resolution images and videos for better user appeal.
  • Minimalist Design: Clean UI to avoid clutter and confusion.
  • Interactive Elements: Buttons, sliders, and animations for a modern look.
Cost of UI/UX Design in India: ₹2,50,000 – ₹7,00,000

Read More: How to Build Your First AI Chatbot: A Step-by-Step Guide

3. Platform Selection: Android, iOS, or Both?

The choice of platform significantly impacts the development cost. You can opt for:

  • Android App: ₹8,00,000 – ₹25,00,000
  • iOS App: ₹10,00,000 – ₹28,00,000
  • Cross-Platform Development (Flutter/React Native): ₹15,00,000 – ₹40,00,000
4. Development Team & Location

Hiring costs vary based on team expertise and location. In India, typical hourly rates for developers are:

  • Freelancers: ₹500 – ₹1,500 per hour
  • Small Agencies: ₹1,500 – ₹3,500 per hour
  • Top Development Firms: ₹4,000 – ₹10,000 per hour

A complete team includes:

  • Project Manager: Oversees the project timeline and execution.
  • UI/UX Designers: Creates app visuals and user experience.
  • Frontend & Backend Developers: Develop app functionalities.
  • QA Testers: Ensures bug-free performance.
  • Marketing Experts: Helps with app promotion and branding.
5. Technology Stack

Choosing the right technology stack ensures high performance and scalability.

  • Frontend: React Native, Flutter
  • Backend: Node.js, Python, PHP
  • Database: MySQL, Firebase, PostgreSQL
  • Cloud Storage: AWS, Google Cloud
  • Payment Integration: Razorpay, PayU, Stripe
Estimated Cost of Development Based on Team Size: ₹20,00,000 – ₹1,00,00,000

Read More: Top 9 AI Trends 2025: What Every Entrepreneur Must Know To Stay Ahead?

Detailed Cost Breakdown for a Real Estate App in India

Development PhaseEstimated Cost (₹)
UI/UX Design₹2,50,000 – ₹7,00,000
Frontend & Backend Development₹8,00,000 – ₹30,00,000
Database & API Integration₹4,00,000 – ₹12,00,000
Testing & QA₹2,00,000 – ₹8,00,000
Maintenance & Updates₹1,50,000 – ₹5,00,000 per year
Total Estimated Cost: ₹20,00,000 – ₹1,00,00,000

How to Reduce Development Costs?

To minimize costs, consider the following:

  • MVP Development: Start with essential features and scale up gradually.
  • Cross-Platform Development: Save costs by building a single app for both iOS and Android.
  • Outsource Development: Hiring a skilled team from India reduces expenses.
real estate app

Conclusion

Developing a real estate app like Magicbricks requires strategic planning, advanced technology, and expert developers. The cost can range from ₹20 lakhs to ₹1 crore, depending on the features and complexity. If you are looking for a reliable development partner, RannLab specializes in building feature-rich, scalable real estate apps tailored to your business needs.

Get in touch with us today to bring your real estate app idea to life!

Leave a Comment

Your email address will not be published. Required fields are marked *

Talk to Expert!
Scroll to Top