Introduction:
Real estate consultancy in india is a market that can give more profit than other markets/sectors in India. The term real estate is usually used for buying, selling, renting, and investing in property.
Gurugram is the best example of a real estate market with more developers and brokers than other states. Real estate is a market in which a person can become rich or poor by making a single decision. It is a market with the most illegal work and black money cash flow, with high risk-taking ability. It has many types. To get more information, see the next paragraph.
Real estate consultancy in India with types of properties
Residential: apartments, villas, plots
Commercial: offices, shops, showrooms
Land: agricultural or non-agricultural plots
Industrial: warehouses, factories
Residential: Residential real estate is used for buying/selling/renting/investing in a property where humans can live.
It is also sub-categorised into types: apartments, villas, and plots.
Commercial: Commercial real estate is used for buying/selling/investing in commercial property that is used for business purposes.
Land: these are the backbone of the country; like India, this category is used to call properties in the farming sector.
Industrial: This segment/category is used for factories and industry.
What are real estate consultancy agents in India?
The real estate sector has middlemen who work for clients to complete the formalities of properties and provide services. They were linked with real estate consultancy or consultancies for which they work and take commissions.
Their fees are dependent on the type of property.
SKILLS
- Great knowledge of real estate.
- They should have good communication skills.
- Real estate agents should have Excellent negotiation skills.
- Be patient and persistent.
- It is always good to have strong motivation.
- They should have Networking skills
- Dedication to professional appearance
Real estate consultancy in India before 2015-16
Real estate has a vast history and has been used for different forms of work. It has been since civilisations, but modes of payment were different. In the 20s, people invested in it with a strong will to obtain profits from one property to another. They reinvest and make money, but this process was done with the help of traditional marketing.
Due to increased technology and digitalisation, all the processes were shifted to the internet and apps.
Advertisements and marketing are also done with the help of digital marketers, social media managers and influencers.
Before 2015-16, the government process was only done manually and had to find documents belonging to property in the government departments, like documents of (gardori,intakal).
Real estate consultancy also has different forms of work; they have to store documents of all the properties that they have dealt with and processed. But currently, all has changed with the help of technology.
Services of the best real estate consultancy in india
It has many services or roles in the process, and in my opinion, the industry is only based on trust and social networking.
Every consultancy has different policies and services, but we will discuss some common services.
- Market analysis will help in decision-making.
- Property assessment is helpful in document verification and to be legally approved.
- Investment guidance that provides proper assistance in financial or property research.
- Assistance with negotiations
- Systematic planning provides proper property data with investment plans
- Advisory services
- Risk assessment helps reduce the loss factor on property.
- Construction service with networking
- Vaastu consultancy with astrologers
- Interior designing services that will make the beautiful interiors
- Financial consultants and many more.
These are some of the services that are provided by the consultancy, but they vary depending on the client’s requirements.
Marketing and advertising
In the past, the real estate sector used only traditional methods of advertising and marketing, like advertisements in newspapers, pamphlets, etc, but now it’s totally changed.
Many real estate consultancy is still stuck in old methods, but a lot has changed with the changing of time.
But Modern marketing and advertisements have started with a huge variety of methods, like Google websites and social media platforms.
We can call this modern method Digital marketing. Many influencers are doing promotional work for real estate consultancies.
Most real estate consultants have their websites to make a brand image and do PR for the company.
Like SEO (search engine optimisation), there is another new term, seo( search everywhere optimisation), that states that companies should be listed everywhere so that customers can easily find them.
Marketing and advertising have created many changes and created many types of jobs in this market.
Developers and brokers
These are the people or firms that are linked with real estate consultancy, which build flats and colonies. It is the firms or companies that allot plots to consultancies and fix some commission rates on which consultancies have to sell plots. It is totally based on the trust system.
real estate consultancy in India
In India, there are a lot of real estate agencies/consultancies because it has reasons. India is land-rich for agriculture, with reasonable plots compared to Dubai or any other country, a developing nation, a peaceful environment, business opportunities compared to other countries( less government interference), a highly profitable and growing sector, and government initiatives like IMT and Gamada.
Why do people in India believe in having their own house instead of a rental system?
People in India have an ideology based on their emotions, and from their childhood, everyone has been taught that they have to build their own house for their family, but in foreign countries or Europe, no one is taught to build a house; they all depend on the rental system, and it is an easy method.
conclusion
India is a wealthy country, but it has to utilize its resources (include humans), its polities and government work should be corruption-free, and illagal works should be stop, many people think to start real estate consultancy business but they stop before starting it because they know this market/sector is full of illagal works, digital interference has stoped illagal work little bit but government should properly use technology and provide live trainings for it.