New Delhi [India], February 28: In a defining moment for the Proptech industry, Convrse Spaces has emerged as the undisputed leader in immersive real estate technology, solidifying its position with a strategic merger with MagicBricks (The Times Group). This landmark collaboration, marked by MagicBricks acquiring a majority stake is believed to be a $50 million worth deal.This has amplified Convrse Spaces' influence, setting new benchmarks in VR, AR, and AI-powered real estate solutions. With this merger Convrse Spaces gains unparalleled market reach, expanding into Tier 2 and Tier 3 cities, and broadening its scope into commercial and retail real estate.