Magicbricks was at the heart of a discussion in Info Edge's earnings conference call (Q3 FY17). Info Edge owns 99Acres while the Times Internet owns Magicbricks and are rivals in the online real estate listings space. The two, in the past, have argued over which site is the biggest, based on traffic data. The Economic Times (owned by the Times of India) recently published data which said that in Q3, when the real estate sector was impacted by demonetization, MagicBricks reported revenues of Rs 37 crores for the quarter, up 43% year-on-year, and of Rs 96.6 crore for the first 9 months of this 2016-17 fiscal year. When asked about this, Info Edge CEO Hitesh Oberoi chose to compare 9-month revenues. "Two-three points", he said: "One, if you sort of go by that release in their newspaper, what they have said is that they have collected about Rs 97 crores in the first nine months of this year. So if you look at our numbers (Editor: check the chart above: totals to Rs 84.8 crore for nine months) and our collections, we were sort of almost equal to them or maybe slightly higher till the first six months of the year. (Editor: MagicBricks was Rs 59.6 crores versus Rs 58.7 for 99Acres in the first six months) "It is only in Q3 that they are claiming that they have grown at 43% and there are maybe two or three reasons for it and our view; one, of course, we could have grown…
