Real estate is a term that you must have read or heard somewhere, it simply means the business of selling land or house, in which it deals with management, operation and investment in Delhi, Mumbai, New York, Shanghai, Hong Kong. Move to Kong or any other city in the world, real estate has become a multi-million dollar business, from 10 to 20 lakh one BHK flats to multi-billion apartments, real estate caters to people’s needs and luxuries. It is being told that every facility like gym, swimming pool, golf course, mini shopping complex, medical, facilities club, sport to riyaz garden, which makes you feel luxurious, whenever you go to a city, which is big. Big buildings are being built, they are all part of real estate, which includes apartments, hospitals, shopping complexes, and everything. By 2019, the Indian real estate business had crossed six billion dollars and continues to grow and today Quick support will tell you how to start real estate business by doing full case study
Let’s know step by step, the first thing is the need to develop an effective idea. Real estate is a field where there is a lot of competition. Now go to any city, you will see someone doing this business. If you want to get success in this field, then you have to identify your strength, your weakness and your interest. The most important thing in real estate is the selection of location. You have chosen a place where you can convince people that if Whether they invest in property, purchase land or buy a flat or apartment, what facilities will they get and why should they buy your property? Many such questions should be answered so that they are satisfied and for this you will have to do some research that where other builders or real estate developers have worked or are doing and how much is their response among the public? Apart from this, what kind of customers do you want to make your buyers? In this also your success rate will depend a lot, will you give the middle class their dream home
want? Or a status symbol to the upper class, you will have to get the construction done by moving forward on the same idea, comes on number two, execution without planning means failure, yes, no matter how small the business is, if there is investment in it, then it is profitable. Solid planning is needed to change, it is the same with real estate, now it is not like opening a tea shop that you are drinking tea for ten rupees, that is why from project handling to construction, quality assurance, delivery, then management, every time you have to give your Customer’s trust has to be won, that’s why these things must be there in your plan, first of all is market research What kind of people do you want to serve in your business? What is the segment of your product? Geographic location and what needs of the people you want to meet? All these should be documented with you so that you can tell your purpose. As a customer, you should visit real estate projects, bring their booklets from them so that you can get a brief idea of what other competitors are and what kind of service they provide.
giving? Just Another Sales & Marketing Plan What are you doing differently in your real estate business? Why are they different from others? How will you do your marketing and how will your products be sold? For this, you will need a professional team. Third is the management plan. It is not difficult to reach the height, it is challenging to stay there, it is the same with real estate, you have prepared your project, people have bought it, but its management Your success rate will depend a lot on maintenance of these things and for this also you will have to recruit people who will take care of all these things including legal issues. Financial plan comes at number four. Finance or manage your investment in real estate. Income statement, balance sheet and cash flow statement are at number five. Hire a lawyer right from the start of the project. Yes, it is very important. In real estate, you will need a lawyer at every step. Land Buying, paper work, court court and other legal issues
A lawyer will prove to be your helping hand at every single step as a guide to handle. If you find a trusted lawyer, you can also make him a business partner. Real estate business license comes at number six, whether you want to do real estate To do business in your home town or to become a real estate developer in any other big city, you have to get a license, because many times unfortunate incidents happen on construction sites and sometimes laborers lose their lives. It would be wiser to work methodically and if your paper work is complete and you are a license holder then it is also easy to win the trust of customers that is why you can register your business firm as Private Limited or Limited Liability Partnership and GST registration is also necessary for tax payment. To get a license, you have to apply under RERA or Real Estate Regulation Act. You can apply for a license in your state and you can also take the help of your lawyer in this. Validity of the license five years
Keep in mind that comes at number seven Authentic website will increase your business Yes, nowadays people have done their research work on the internet before buying anything, so if you want to give exposure to your business, then a Build an authentic website where you will have complete information about your project because most of the customers visit the website first, then go somewhere and reach the construction site. Number eight is that your business rocket will also need a launchpad, which means that you are in the market. I have come up with a product and you will also have to do your own branding and marketing to let people know that you can reach your potential buyers by tie up with print media, social media influencers and popular TV and radio as well as lucky draws or other attractive Offers will also help you to reach the customer, then you can work on some of these types of ideas and now after knowing so much further, let’s talk about the benefits of real estate business, first of all it is a lot of real estate. have advantages such as
This is a guaranteed source of income, in which investment made with proper planning always gives you good returns. You can sell your projects as well as give them at rates, so that you will get a fixed income for years even if the property is not sold. Even then there will be no dearth of people living on rent at good location. Secondly, investing money in land property and real estate is a money making business today because their prices keep on increasing day by day, that’s why their resale value is very high. , From which you can earn big money. The third is that by coming into the real estate business, your status in the society also increases a lot and the property you have created remains yours forever, which you can buy or sell as per your need. Financially it also gives you and your family a better future. Investing in real estate comes at number four. The government also gives you tax benefits. If someone buys a house up to Rs. Which is also valid till June 2021, apart from this what other tax benefits
Will you meet? This you can see in Finance Ministry’s self-sufficient package three point, zero, along with this you know that real estate developers get from the bank, people yes, if you want to try your luck in real estate business but are thinking that capital Or don’t have funds, then now you can start your project by taking a loan from the bank, like construction fans or in project finance, PNB housing provides direct finance facility for real estate developers, you can read its details www w w. You can check non-home loans at dot pnb-housing.com, apart from this, SBI also provides loans for a commercial real estate in its home loan schemes, after that let’s talk further about what are the possibilities of a career in the real estate sector. ? Apart from business, real estate is also a growing sector where there are many different career options, in which with the right knowledge and skills, you can get better job offers, Marketing, Finance, Interior, Saini Ring, Customer Relationship Managers and Analyst are some of these
There are exports without which no real estate developer can think of going ahead because like other things your house is also a product which needs to be marketed properly, you will get your potential buyer which will require skilled and professional sales and marketing people. , which can achieve your business target, just like that where and how to invest your capital? How to utilize and how to get more output in less budget? For this, you will also need a capable finance team so that you can increase the business profit. Now if there is instruction, engineers, interior designers, managers and agents will also be required for the supply of essential things, so we have come to know what are the career prospects. What is? But at the same time, real estate is a risky business, which means that like the rest of the business, there are many risk factors in real estate, in this business you have to invest lakhs of crores of rupees, which requires a lot of courage. What can be some of the risk factors of this sector
Are? First of all, many people take a lot of loan to start their business in this sector, in such a situation, if the investment is done at the wrong location or with the wrong people, then the possibility of sinking money increases a lot and the liability is high. Number two is not that as soon as you have completed the project, you will immediately get a customer standing, many times developers have to wait for years to sell or rent their projects at the right price, that’s why you have patients too. There should be third that many times work starts on such land property which turns out to be illegal or on which court case is going on or I am in any restricted area due to not doing proper research or coming in the words of people or agents. is where many government limitations are applicable that’s why every kind of investigation before purchasing land will make your investment secure then if all these risk factors are managed properly then real estate is like a golden egg laying hen, in which if If worked with patience then long
In term you can play in lakhs and crores because for job and better lifestyle people are going to big cities and also getting settled now buying land in a big city and building a house is not a matter for everyone that’s why flats and apartments The culture of real estate is increasing and the real estate industry is also growing a lot, in which both wealth and fame can be earned. I hope you must have liked this full case study site by Karthik team on real estate business. Who will definitely share by writing in the box and at the same time, if you want to see such information in the future, then subscribe to the absolutely hard channel and press the bell icon so that you never miss any post, any information, thank you
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