Factors Which Are Necessary To Start A Real Estate Business In India

In this Blog you will come to know about Starting a Real Estate Business or Real Estate Company in India. The market of real estate in India is expected to reach INR 180 crores by 2020. This shows positive signs to start a real estate business in the country of India. The Indian real estate market is expected to get a huge hike by the year 2020. The housing sector in India alone contributes 5-6 percent to the country’s Gross Domestic Product (GDP). 

The market size of the real estate sector is expected to increase at a Compound Annual Growth Rate (CAGR) of 11.2 percent by 2020. Retail, hospitality and commercial real estate are also growing significantly very rapidly, providing the much-needed infrastructure for the country’s growing needs. The biggest state in terms of population, Uttar Pradesh has also witnessed an amazing change in the last 2 decades. It has many great real estate companies in its state capital. The best real estate company in Lucknow is Dreamz Infra Ventures, which has various ranges of properties in the city of Lucknow.

The factors which are necessary to start the real estate business in India are given below:

•  If you want to specialize in selling commercial properties or residential properties or domestic real estate or international real estate or you want to open a firm.

• You need to carefully assess market demand for your services i.e. you need to know does local requires your services, competitors, the situation of real estate market, etc. 

• You need to also have good knowledge of laws prevailing in India regarding real estate in India as the laws vary in each state differently. 

• Before starting your own real estate company, one must need to become a licensed real estate broker. 

• After all the necessary licensing work. You must need draft a business plan that will include targeting customer groups, competitive pricing, accurate sales forecasts and market analysis. 

Making money in real estate has become very easy in India from last few years. Along with the above factors, registration process for real estate business is also mandatory which are given below:

1) Getting Real Estate Agent license:

Now state governments of India are making it mandatory to have real estate agent license to run this kind of business.

2) Real Estate Company Registration:

You should have firm decisions regarding which company to register like Private Limited, LLP, Partnership Firm or One Person Company, Company Name, Trademark Registration, Drafting of Memorandum of Association (MOA) & Articles of Association (AOA), Filing of e-forms with RoC (Registrar of Companies), Payment of RoC Fees & Stamp Duty, Verification of documents/forms by RoC and The issue of Certificate of Incorporation by RoC.

3) GST Registration for Real Estate Company

Services Given by the Real Estate Business is taxable under GST Law. So GST Registration is must for a real estate business.