How do I start a real estate business in India?

Question

Please give details.
Any facts, tips, etc. etc.

Answer 1

Start with finding out rented accomodation for people. You may start by contacting some houseowners who can let out their houses. Then approach some companies and offer them your services. Later on, you can move to buying residential property, then commercial property, etc. It's also a good idea to familairise yourself with existing laws, taxes, other procedures applicable for real estate business.

Answer 2

Real estate business in India seems lucrative as there is a lot of people needing houses. The lack of regulation results in people investing in well-known builders. Reputation has become very important for real estate investors and if you want to start a new business you need reputation. So a better way is to invest money in a well-known builder's soft launch and sell the inventory when the property is completed. This way you can partner with a well reputed builder and piggyback on his brand.

Answer 3

You need a landline phone,a cell phone,postal address,a two wheeler,email id,and diary, ,pen,calculator, compass id.

First, get visiting cards.Then search the town where you live for brokers, as they frequent the Dhobis, Pan stalls, Eateries.Spread the word around that you are ALSO into RealEstate.

If you don't have internet at home/office, visit netcafes, and surf Real Estate sites.(Mind you, dont get trapped by the tempting pornographic sites that keep popping up at the cafes)
You will get an idea of realestate business.

Set your goal.Start as a broker.The investment is time, effort,fuel,phone bills.Contact as many persons you can, buyers and sellers.Keep in touch with other brokers, as you can cover only the area of your town. You must immediately
note the tel.No & property details,the moment you hear about it. I repeat, NOTE IT DOWN.
In the long run, your diary will become your Bible,always to keep with you & refer to it.

Please make the terms very clear. In any deal,
commission/brokerage is 2% from seller, and 2% from Buyer. If you have the buyer,you have to take the commission at your end, and if the seller is through some other broker, he keeps the commission at his end. Sometimes you may have to join another broker and get a buyer,in
this case you split the commission with him.It is
like a networking business.More the contacts,
better it is.Avoid ads saying NO BROKERS.
You'll end up wasting time & giving free service.

http://www.indiahousing.com
http://www.indiarealtors.com

Both offer free classifieds. Get registered.
And, all the best to you.

Answer 4

You have chosen a very good business at a very right time. First acquire a very good geographical knowledge of the area where you want to start the business. Make an inventory of prevailing rates area wise. Go-meet the same line people as more as possible, mingle with them, This will give you preliminary knowledge. To boost your business quickly-offer your services at half the brokerage-let the people know this by pamphlets distributions, advertise in local news papers, hoist the hoardings at prominent places and witness the miracle-people will flock to you. But remember honesty and hard work pays well in the long run-this will create your goodwill. Wish you all the best. Bye...

Answer 5

dont just listen to people who are'nt into it. I am a full time realtor here in delhi. its not as easy as it looks. there are a lot many things that noone exept the people in this industry know. first be prepared and be strong with the fact that the first 6 months to a year you wont have any earnings. If you do its great but just be prepared. second there's a lot more to it than just meeting people, having a car/ bike. the best advice I can give is -- be associated with some broker for some time and learn how the business works. In a year or two you will be ready to hit the right spot. M not discouraging you but giving you the right picture. tak care.

Answer 6

This is a business in India which requires no capital and no education.Any one can start the business. You can en roll names who want to take a rental accommodation or who want to purchase a house or a flat or a plot. You must be very conversant with the locality wherein you do business and friendly with the locals. You must have a legal attorney / advocate mainly indulging in these types of work. You can fix fees with him and charge your clients accordingly. Advocate has to enter register the rent deeds or check the sale deeds by taking search of the property and other requisite matters. Prepare yourself first and then enter into this business. Confidence is of utmost importance and your satisfied clients will do mouth publicity for you which is precious than any paid advertising.All the best to you .Be honest and you will surely succeed.

Answer 7

You have chosen a very good business at a very right time. First acquire a very good geographical knowledge of the area where you want to start the business. Make an inventory of prevailing rates area wise. Go-meet the same line people as more as possible, mingle with them, This will give you preliminary knowledge. To boost your business quickly-offer your services at half the brokerage-let the people know this by pamphlets distributions, advertise in local news papers, hoist the hoardings at prominent places and witness the miracle-people will flock to

Answer 8

Start business on commission basis i.e providing Rented accommodation ,being mediator in real estate deals,save money what is called as "SEED CAPITAL" then start buying properties on YOUR OWN /become partner in Purchases ,
It is basically after this stage that you'll start making money,you need to be well versed in Land laws & should have close liason with revenue department/Muncipality & Police as well.

Answer 9

India is big country, Here is different rules in different town, I think real estate business is very critical business but you have keep some troth & penitence.

Answer 10

as u can't control whole India in a one Go.. so better concentrate over one city.. and start from that.. only as i recommned Noida and Tier-II cities( i.e Ahemdabad, Pune and other sort of)
just try to register with ..real estate based websites.. and keep on looking for ggood deals. ..and keep ur eyes over market movements.. and keep good eye over plans and developments of the local govt and authorities.. and for that u nned to regular update urself with all stuf.. nad good contacts in departments..

as there are many real estate sites operating --like 99acres.com and many more u can search over google..or yahoo