Things to consider while establishing a Real Estate Business in India

Indian real estate industry has seen exponential growth over the last few years. It has covered a considerable distance and come a long way in becoming the second-largest employment-generating segment in India after agriculture. Traditionally an unorganized sector, it has slowly evolved into an organized one and is fast becoming a recipient of foreign investments; for, real estate business is witnessing a level of saturation in many developed nations and as a result, many global giants are looking for opportunities in developing countries such as India.

Because of its growing popularity, real estate practitioners are using their entrepreneurial zeal towards establishing their own brokerage firms. So, in order to work towards establishing a successful career, it’s essential to start with extensive research, expert planning and constant follow-up. Here are some useful tips to take note of.

1.       Choosing the right business – One can start by owning an independent business but many choose to join a real estate franchise first in order to get the desired training and experience required to run a stand-alone business venture. Besides, working with an established brand name would only help establish more credibility with potential clients.

2.       Creating a sound business plan – A business plan must list out the objectives and financial calculations in clear terms to avoid error of judgment later. An exceptional business proposal will also positively affect in getting decent funding from financial institutions.

3.       Finding a suitable location – Locating strategic neighborhood to open real estate business is a smart decision. It’s essential to know the markets that one wishes to cater to and accordingly select a suitable place which has an ease of accessibility for clients.

4.       Funding the business – It is imperative to work out the capital at the very onset of developing a business plan. Any aspiring real estate entrepreneur will have to figure out whether he/she has enough financial resources at hand or will more funds be required. Banks definitely can be approached for loans, but the source of trusted family and friends should also be explored.

5.       Designing a real estate website – Setting up of a professional real estate website is a key step in attracting clients. Not only will it help market your service/brand, but will also help attract more and more realty shoppers as their search often begins online.

6.       Advertising – There are many advertising channels to choose from – newspapers, real estate publications, television, radio, and social mediums. This aids in providing good publicity to a business. In addition, services of a search-engine optimization company can also be used to boost the visibility of a real estate website on search engines.

In India, there are a few challenges that the real estate industry faces such as unclear land titles, low presence of industry status, insufficiency of sources of finance, dearth of labor, and difficult procedural processes, to name a few. In spite of this, the industry is warming up to professional standards and functional transparency of systems. As stated earlier, India’s real estate industry is growing at a practically high pace. Therefore, investors wanting to invest in India will benefit from higher returns as compared to any other global market. With this, the real estate industry will soon mature into a well-managed segment and entrepreneurial opportunities will only get bigger and better.

RE/MAX enters real estate business in Delhi/NCR for commercial and residential space

Gurgaon, April 15, 2014: RE/MAX India, a member of the world’s largest real estate group RE/MAX International, has expanded its business of real estate in Delhi and NCR for both commercial and residential spaces. Led by Mr. Sam Chopra in India, RE/MAX is one of the premium companies dedicated to sale and rent of real estate as well as property broking.

The company is all set to meet the ever-growing needs of the Indian retail segment. With its rapidly growing network of office spaces in the country, the company business is now being seen as a preferred real-estate solutions provider among native-bred network of brands and their franchisees and also new entrants who want to be in the know of how to start real estate business. RE/MAX India has witnessed phenomenal growth across the length and breadth of the country which is only growing bigger and bigger.

The official spokesperson explained, “As a real estate franchising company our biggest strength is the Network Value proposition which facilitates more choice for the customer and reduces the turnaround time - as a result, we are able to position ourselves as a preferred marketing partner for many National & International Developers. In turn, any Franchise Partner who joins us enjoys unmatched inventory, nationwide network, world class training, most advanced real estate technology & the power of a global brand."

RE/MAX offers business opportunities to property agents, franchises, and clients and ensures that all expectations are met with satisfactory results. The company enlists all the available properties on the basis of their location and shares the information on its website for potential buyers, renters and sellers. The company’s hired agents help the end consumers with renting, buying and selling of properties at the best possible rates.

RE/MAX India also caters to its clients’ wishes to invest in real estate outside the country. “Other than real estate deals in India we also offer our support to the clients who want to buy or rent properties outside of India. We want our consumers to have access to secure, safe and transparent real estate transactions throughout the global market,” further added the official spokesperson.

For more information, log on to the company website www.remax.in

Contact Number: 09654965001

About RE/MAX

RE/MAX is the world’s largest real estate group. At present, the company operates in over 98+ countries through 6000+ offices across the world. It ventured into the Indian market in 2009 making India the 73rd country in its vast global network. RE/MAX currently has a pan-India presence in more than 35 cities that is being managed through 100+ offices. Headquartered at Gurgaon, RE/MAX provides business opportunities for real estate brokers, franchises and companies all across India. It also proffers information about sale and rent of residential and commercial properties to its clients. The company is India’s premier organized group devoted to property broking. 

Tips for Buying Property in India

With swift infrastructure development and growing residential complexes, properties in India are selling like hotcakes. Check out our tips for buying property in this country. 

Whether you are thinking of buying a commercial or a residential property in India, make sure that you follow a few of these tips to get the best rates and services-

Planning and research

Consider this- Do you want a property for long term basis? Do you wish to rent it or sell it after a few months or years? Before you go ahead and invest, make sure that you answer to these questions. Take in consideration the reason for your purchase and the kind of area you would want for the property. Locations, including metropolitan cities, suburban areas can be great for residential properties, while commercial property in Gurgaon, Faridabad, Gandhinagar, Greater Mumbai and Pune are selling like hotcakes.

Search a Franchise

Having a costly property dealer won’t do you any benefit, particularly because they have a limited range of options to choose from. This is where searching a franchise on internet can be helpful. Check out franchises that have a vast range of cities and locations included in their search list. Choose a real estate company that deals with both commercial and residential properties. This will help you select between wider options.

Affordability

What may appear affordable to you might be costly for others and vice-versa. Therefore, before you go ahead and think about buying a property in India, make sure that you have a clear idea about your affordability. Market status of the property should also be taken into consideration. So, decide beforehand about whether you want a new construction, used, re-built or coming soon property.

Check legal documents

On a number of occasions, real estate companies can make you a fool by offering things that they don’t have. So, make sure that you check all legal documents from the seller. If you can’t do that, pay a lawyer to help you. Check whether the building is registered and its layout is approved by the government. Also, in case of a second hand or used property, check that there aren’t any outstanding liabilities or mortgage on the property,

House Inspection

Never ever buy a commercial or residential property without inspecting it on your own. Don’t hurry to make the payment, rather visit the site at least two times so that you don’t miss out any underlying issues. Make sure that the facilities like electricity, water, parking, location and safety are all taken care of.

Get an apartment

If you want a residential property in metropolitan cities like Gurgaon, prefer for an apartment. It not just guarantees you safety, but also ensures that you have a choice between single, double or three and even four bedroom homes. This way if you like a particular building, you can choose it and customize it in accordance to your requirements. Plus, issues like electricity and water woes are less prevalent in apartment culture.

Follow these tips and you can also have a property of your dreams. 

Listen to Carlos Matias, Owner and founder, Gryphtech at the 4th RE/MAX Realty Rendezvous in Goa, 2013

Watch Gil Liran at the 4th RE/MAX Realty Rendezvous in Goa, 2013

Broker Owner's Panel Discussion at The 4th RE/MAX Realty Rendezvous in Goa

Networking, Training, Boat Cruises, Jungle Safaris, Dancing the Gangnam Style, Night of the Stars to building relationships..the last 4 conventions have left us with some beautiful memories which will be cherished forever! We are hoping to see all of you at our 5th RE/MAX Realty Rendezvous in Ahmedabad from the 12th to the 14th of April..Let’s make SOME MORE MEMORIES TOGETHER!