How to Start a Real Estate Business in India

Save
Starting real estate businesses in India is increasingly popular.
Starting real estate businesses in India is increasingly popular. (Image: Real Estate image by Stephen VanHorn from Fotolia.com)

According to a study carried out by PricewaterhouseCoopers, India is leading in the provision of real estate markets in Asia in 2010. This trend is due to a huge housing shortage in the country, which is expected to total 26.53 million houses through 2012. India is a popular country to invest in due to the presence of a large number of corporations such as Fortune 500 companies which will serve to attract more international companies to the region. This will in turn create the need for more corporate space in India hence, the need for more real estate.

Research and find a location. Come up with a suitable location for your business. Location is key in real estate, therefore, take the time to research well. Some of the best areas in India to set up a real estate office are Delhi and Mumbai. Residential and commercial properties, as well as the hospitality and health care industry, are some of the best real estate industries to invest in the Indian real estate market.

Get business licenses. Take the required licensing exam in order to act as a real estate broker. The other alternative is to hire licensed brokers to carry out the businesses for you. You are also required to register your business name with the Registrar of Companies (ROC). You can submit a list of six names to the ROC. Also, register with the Registrar of companies to get the certificate of incorporation and register for Value Added Tax (VAT) with the Sales Tax Officer.

Join the local board of realtors. There are a number of housing boards which you can join in India, depending on your location. For instance, the Orissa State Housing Board, the Madthva Pradesh Housing Board, and the Karnataka Housing Board.

Join the local Chamber of Commerce. You will need to submit an application form and pay an admission fee of Rs. 500. Most leading corporate bodies in India are members of this organization.

List properties to be sold. Create a listing of all the properties that you are selling in India. This can be done online or through the print media. This will help in marketing your real estate business as it will it make it easier for clients to know what you provide. It also makes it easier for clients to find your business.

List properties to be sold.
List properties to be sold. (Image: pen money and shopping list image by Warren Millar from Fotolia.com)

Related Searches

References

Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!