Want to Establish a Real Estate Agency in Delhi

Date : Jul 12, 2015

Delhi is one of the best cities in India to set up a real estate business as there is huge market for buying properties in Delhi. Real estate in Delhi is on an all time high. If you want to start your own real estate business in Delhi, make sure you first test the waters and make an informed decision, before taking the plunge. Starting your own real estate company can be a thrilling venture but it is also a territory you should tread with care. Most new entrepreneurs in real estate are nervous to get their company off ground, but you have to do enough ground work and certain ideas have to be in order, so that your business is appropriately and legally set up. Opening an innovative and relatively new business is no piece of cake. It takes a lot sweat and preparation to make sure that it will be a successful Endeavour, but if done right can be immensely gratifying. If you are looking to start your own real estate business in Delhi, here are tips to help you get started. There are also higher demands for flats for sale in Delhi as it has high increasing requirements.

Start-Up Capital : To start any business, you need to have sufficient start-up capital. Make a business plan and determine how much you will need to pay for start-up costs and ongoing expenses. This includes renting or buying space office space, office equipment -table, chairs, computers; logo design, website design, business cards, insurance, staff payments and other utilities etc. It is advisable to set aside enough funds to cover operating expenses for at least the coming three to four months.

Office Location : Location is a crucial factor in real estate. Therefore take sufficient time and research well. Start with areas in Delhi you are familiar with, and then proceed from there on.

License : Getting a business license is of prime importance. Take the required licensing exam in order to get your license as a real estate broker. Another alternative is to hire licensed brokers who can carry out the businesses for you.
You have to also register your business name with the Registrar of Companies (ROC). Apart from this, you have to register with the Registrar of companies to get the certificate of incorporation and register for Value Added Tax (VAT) with the Sales Tax Officer.

Local Board of Realtors : Join the local board of realtors. There are a number of housing boards which you can join in India, depending on your location. For Delhi it is the Delhi Development of Authority.

Property Listing : Create a listing of all the properties that you are selling in your locality in Delhi. This can be done online or through the print media; ideally you should do both. This will help in marketing your real estate business and it will make it easier for clients to know what you provide. It also makes it easier for clients to find your business.

Create a Website : In this digital era, having a strong online presence is crucial for the success of any business. Most real estate sellers post a listing of their home on a website that is filled with thousands of other real estate listings. However, you can stand out among the crowd by developing a website specifically for your property.

Market Your Business : Marketing is an utmost important element of any business. You have to make sure your target audience knows about your business. Having a marketing strategy in order makes sure that every rupee you pay out on publicity is in an effective manner which captures the target customers. Advertise online, use Facebook to tell people about your business and ask your friends and family to spread the word.

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