Career in real estate in India, number of real estate brokers in India


Real estate has never been regarded as a traditional or unstructured career option for many recent graduates. However, the situation has been gradually changing, particularly since the RERA was implemented, which is bringing about the much-needed transformation. It is now a professionalized industry run by professionals. Even though it promises tremendous growth, it is not receiving the attention it deserves as a lucrative career option. The perception stems primarily from common misconceptions about the industry.

Here are some of the reasons why a career in real estate might be a good fit for you.

1.) Sector development

In 2022, the real estate market produced some encouraging results and is expected to continue on its upward trajectory. The market’s activity has steadily increased, as have plot values. The higher the value of the property, the higher the commission. Improved infrastructure and connectivity in Tier II and Tier III cities will encourage a number of residential and commercial projects. Because of the current real estate market conditions, 2022 is an excellent year to become a real estate agent.

2.) A wide range of employment and business opportunities

This is an industry that requires significant investment, but it also produces one of the most expensive products purchased in one’s lifetime. As a result, the revenues earned and the potential for individual earning are always very high, and while salaries are high in comparison to other industries, incentives are also high in this industry.

At the same time, there are opportunities based on an individual’s investment capabilities to become an entrepreneur and successfully pursue one’s own business. In the United States, for example, approximately 17,000 people search for how to become a real estate broker each month. In fact, it is ranked number one in the United States.

3.) Job-required abilities

The passion and drive to work with India’s demanding rich are the primary skills required in this field. Other skills may be similar to those required to work for a wealth management firm. The task is the same: advise and service HNIs while developing a personal rapport with them. One would also need to stay current on the industry and be aware of the latest market trends as well as future market predictions. “This is critical because clients in the HNI space are extremely knowledgeable.” As a result, it is critical to keep them up to date with precise and accurate information,” says Narayanan. It is also necessary to have strong

What are the type of jobs offered by real estate?

Real estate is one of the most well-known industries in the world, with annual growth rates ranging from 20 to 25 percent. Residential and commercial real estate demand in India is steadily increasing, owing to rising incomes, urbanization, and economic prosperity, creating highly lucrative job opportunities in this sector. Furthermore, this good news comes on the heels of the current administration’s ambitious ‘Housing for All by 2022’ scheme, which has boosted development activity in residential real estate across the country.

The Indian real estate and construction sectors contribute nearly 8% to 9% of the country’s GDP, with that figure expected to rise to 40% by 2030.

Here are some of the most sought-after real estate positions:

1.) Agent for Leasing

Leasing agents assist property managers in finding suitable tenants for their properties. They successfully negotiate the complex property market to connect prospective tenants’ demands and economic feasibility with the property owner’s interests. They take care of lease signings and act as landlords on behalf of the property owners. Leasing agents are well-respected in the industry for their extensive knowledge of the real estate market and ability to provide customized answers to questions about school districts, zoning, and expansion, among other things.

2.) Consultant

Dealing with high-value property assets is a complex and responsibility-laden profession for a real estate consultant. As a result, the cornerstones of a perfect real estate expert are a formidable blend of technical know-how, market intelligence, and ethical ideals. In a country like India, this role is amplified by the tremendous amount of expansion taking place in a highly unorganized real estate sector.

3.) Property Supervisor

This position is ideal for people with a strong sales history. A property manager is in charge of safeguarding a client’s assets by hiring the correct people to look after it, responding to emergencies, and providing timely feedback to owners and investors. They might collaborate with real estate companies or private investors. The position is meant for a more advanced level in a real estate career and comes with its own set of benefits and awards.

4.) Realtor

To be a successful agent or realtor, you’ll need excellent interpersonal skills as well as a thorough understanding of local real estate laws, financing alternatives, mortgages, and fair housing legislation. This is one of the most popular real-estate careers because you can possibly earn unbelievable sums of money. However, this is contingent on the realtor’s ability to grow his or her territory or the number of hours he or she can work.

What is the number of real estate brokers in India?

The Indian real estate brokerage sector is unorganized and fragmented; while no official data are available, it is estimated that there are 2,00,000 brokers in the country’s top ten cities. Broker commissions are projected to be in the order of Rs. 14,000 crore per year in this vast market. Brokers work in all areas of the property market, including new construction, sales, rentals, commercial, paying visitors, plots, and so on. Because no registration or specific credentials were required to become a broker until recently, it was typical to see new brokers sprout up; while many of the brokers in the market are first-generation entrepreneurs, there is a sizable chunk of brokers who have been in business for decades.

FAQS

Is it legal to sell real estate in India?

Real estate brokerage is a loose business in India because there are no precise requirements or knowledge requirements to be a broker, and there are no norms of conduct that establish any responsibility, clarity, transparency, or professional standards.

What is the most lucrative real estate job?

Broker of Real Estate

A career as a real estate broker is one of the most lucrative and well-paying jobs in the industry. Experienced brokers earn a six-figure salary on average.

What is India’s top real estate company?

DLF Limited is India’s largest real estate company by total sales, with a turnover of Rs 7,766 crore.

Conclusion

There are many real estate companies in India so as the job opportunities. It all depends on the effort and skills and experience of the real estate brokers to be employed.


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