Thursday 23 June 2016

Secondary Business in Real Estate



The Housing industry has finally been granted recognition as the NEED of the hour! The requirement of houses is much more than the production schedule. Let us find out the business opportunities that arise from this situation:

Brokering for Land Deals --- 

For construction of any kind of House, the basic requirement is LAND. If one has a good rapport with the Landlords in his vicinity, he/she has to be vigilant, enough to gather the trust of the land owners. Discuss with them the options to develop / sell their land, and get the best possible benefits for them.


Brokering for Ready / Under-construction Flats ---  
This type of activity is localized. Hence good knowledge of the vicinity is a must. Like the no. of and type of Schools, Colleges, Commercial and Medical establishments available, Transport to the markets, city, and bus / railway stations etc.
Next comes a thorough knowledge of the existing market, the trends (what type of construction sells i.e. Bungalows, Row Houses, Type of Flats etc) along-with the existing rates of the existing schemes going on.



Reputation of the Developer --- 
 The reputation of the Developer is decided by the timely delivery, quality of construction, availability of correct documents, scheme recognition by various banks & financial institutions, a special team to get these done all add up to the reputation of the Developer.