Real Estate Company Registration

Procedures for Real Estate Company Registration in India

Online Legal India LogoBy Online Legal India Published On 03 Sep 2022 Category Company Registration

The real estate business, which ranks among the most lucrative industries, is the second largest industry comes, after agriculture. The three primary types of real estate are commercial, residential, and land; all three are booming in India due to the increasing middle class and foreign investment there. Things related to the land such as trees, water, minerals, bridges and homes are also considered real estate. Real estate also gives property owners a genuine sense and satisfaction since we can see the actual value.

The two main sources of income for a real estate company are income from the sale of real estate business stock and rental income from real estate property.  

This blog will describe about real estate company registration, through which you can purchase, own, and sell real estate as stock in a trade or by developing residential and commercial real estate projects. 

A Guide to Start a Real Estate Business in India

This blog explains a few crucial procedures to help you achieve your objectives and start your own estate company.

1. Choose the Business Structure

To establish a real estate company in India, you must choose the type of business structure you want to establish. The following business structures are permissible for real estate business:    

The most popular business entity in India is a Private Limited Company because the majority of real estate companies are registered as such, while you can conduct business in any of the aforementioned business structures.

2. Conduct Research

Just as before accepting any employment in a company, you must do research about the real estate market to start it. You may start by following the path best industry leaders. Until you present yourself as a competitor, they will be willing to share their expertise with you.   

Nothing can be better than getting knowledge directly from those who have experience in the field and can advise you on both the advantages and disadvantages of starting a real estate business in India.  

3. Choose a Type

As previously stated, the reals estate industry provides numerous opportunities. There are options for commercial brokerage, residential brokerage, and land investments. You can pick any depending on your preferences and available resources. It might be prudent to focus on one topic initially and then expand as you gain experience.

4. Licence and Registration 

This is one of the most essential parts of establishing a real estate business in India. Licence and registration used to be overlooked earlier, but with legal developments and diverse real estate industry laws and regulations at present, they are essential now.  

These not only safeguard your document but also give you the appearance of responsible experts and increase the trust of your customers. These days, it is tough to meet a real estate agent who doesn’t possess at least one of these. 

Company Registration 

Real estate agencies are mostly unregistered businesses, either sole proprietors or unregistered partnerships. However, the real estate brokerage industry is being restructured, standardised, and modernised to give a high standard in order to win consumers’ trust and compete with massive online real estate broker sites.   

Therefore, the first step in starting a real estate agent business is deciding whether you want to work as an agent or form of a company, partnership, etc. To start a company or work as anything other than an individual, you must do company registration with the appropriate authority.    

GST Registration

There are various taxes that apply to business activities that you should be aware of. Because of the recent implementation of Goods and Services Tax, if you have incorporated a company, you must apply for a GST number as well. This is strictly required because all financial activities must be in accordance with the Central Government. 

5. Business Plan

Apply all of your skills to create this strategy, making an effort to ensure that the issues you have raised are successfully addressed and that there is space for advancement. Your business structure, budget, finances, and strategy for hiring new employees should all be included in this plan.  

You can always make improvements in each area, but a business plan can help you get started and serve as a guide if you ever deviate from the path you have chosen.   

6. Attend Seminars or Training for the Knowledge 

You need to have a detailed knowledge of your field of work if you wish to excel in any job. There isn’t much knowledge of real estate education in India, but there are a few businesses there that offer seminars and training to people who want to get into real estate. Participating in such events will increase your confidence and help you learn many new things.

7. Portfolio 

As you are ready to start your successful run in it, be informed that the most essential part of it is contact. Your network of connections, or portfolio, determines your value in this industry. Work with the top professionals in the field, and you’ll quickly become one of the best. You can get into the business of real estate through your own contacts. This is because the market is huge and you need to collaborate with others to compete.

8. Advertisement 

You must advertise your business if you want it to expand successfully. The greatest advice is to try them all. There are various real estate advertising strategies. Do the promotion through mediums like newspapers and social media. Decide your target customers and the best channels to directly or indirectly reach them.

Documents Needed for Real Estate Company registration 

  • Directors and Shareholders’ PAN card
  • Directors and Shareholders’ Aadhar card
  • Applicant’s Bank Statement or electricity bill ( not older than 2 months )
  • Email id
  • Mobile Number
  • Video for Digital Signature verification

Capital Required for Real Estate Company Registration

According to the Provision of Company Act, you don’t require any minimum capital to carry out business. However, as you can see, the real estate business is capital incentive-based, so you will need a large amount of capital to start. In the beginning, you can start a real estate business with a  smaller amount, and as per the needs of the business, you can invest more capital. It is important to note that you can either fund capital in your business in the form of equity, debt, or both.

Conclusion 

Starting a business needs a lot of hard work, but in most cases, if your effort is genuine, success is a bit simple to achieve. The real estate business has always been one of the largest commercial sectors in the world. But before starting a business in real estate you must complete your real estate company registration and for this, you can contact the professionals of Online Legal India who will guide you through the process and complete the registration.

 


Share With :

Leave A Comment


Comments

Anjali Malhotra

Commenter

Anjali Malhotra

Commenter

Ask Our Expert!

Recent Post
Trademark Opposition

Get to know why Trademark Opposition is required

28 Mar, 2024

Banner Image

How To Copyright a Logo

18 Mar, 2024

Types of Directors in a Company

11 Types of Directors in a Company: Learn What They Are

14 Mar, 2024

GST for FSSAI

Is GST mandatory for FSSAI? Know in Details

13 Mar, 2024

how to register trademark

How to Register Trademark in India?

12 Mar, 2024

Trending Post
Banner Image

Consumer Complaint against Tamil Nadu Electricity Board TNEB

30 Nov, 2020

Legal Action

How to Take Legal Action against Mental Harassment in India?

07 Nov, 2020

Banner Image

UPPCL Uttar Pradesh Power Corporation Ltd. Complaint Filing

19 Nov, 2020

Banner Image

How to File a Complaint Online in Consumer Court in India

27 Nov, 2020

Consumer Complaint against Service Centre

Online Complaint Filing against Hero Motocorp

04 Dec, 2020

Categories