new delhi magicbricks the countrys no 1 property site on monday said its revenues for the apriljune quarter for the current fiscal q1fy19 was rs 475 crore up 48 on the yearthe robust performance came on the back of factors like product innovation new revenue streams and market buoyancy the company said in a release magicbricks reiterated that the revenue figures are from its online operations and do not include any group company revenues with this the company is back to its predemonetisation growth trajectorythe strong results by magicbricks came despite the overall slowdown the real estate sector has been witnessing over the past three years factors like stability in property prices and an upswing in housing sales in q4 fy18 have led to market and sentiment revival benefiting the leading brand magicbricks propindex report suggests that 66 of the 750 major localities in the country have witnessed price stability or increase between the januarymarch 2017 period and januarymarch 2018 periodas on june 30 this year magicbricks hosted over 1 million active properties with over 45000 properties being added daily it leads its nearest competitor by 30 in properties for sale and 70 in properties for rent the company said magicbricks also said that as of end june it had over 45000 active paid sellers of which 2400 were developers 14000 were brokers and the rest 29000 were paying individual sellers or landlords success of new products such as the certified agent programme remarketing solutions and the eauction platform have contributed to making magicbricks as the most preferred channel of advertisements and customer acquisition for developers brokers and individual sellers the company said