This article has been contributed byRahul Rajendran, Vice President, WSB Real Estate Partners
India’s premium and luxury housing has experienced a remarkable surge in the past few years. According to a recent industry report, nearly 50 ultra luxury homes with a ticket size of INR 100cr+ have been sold in the past 3 years across Mumbai and Delhi NCR markets, amounting up to a cumulative sale value of ~INR 7,500cr. About half of these transactions – ~INR 3,650cr – occurred in 2024 itself. As 2025 began, the momentum continued, with 4 ultra luxury sales amounting to a total sale value of ~INR 850cr occurring within just the first two months.
India’s real estate market has been predominantly driven by mid-income and affordable housing, where developers focused on high volumes at lower ticket prices, and luxury homes were achievable to a narrow segment of buyers. Today, the picture is quite different. The question now, though, is not whether this segment will collapse – most analysts agree it will not – but more so whether this pace of growth is sustainable.
The Uneven Geography of Luxury
Luxury in India is very city-specific and remains concentrated in certain cities and neighbourhoods. Take Mumbai, where supply is tight, and demand from new-age wealth and generational businesses is insatiable. According to another recent industry report, in H1 2025, homes priced INR 10cr and above accounted for over 690 transactions ~INR14,750cr, across primary and resale markets. Yet when compared against the overall 47,035 residential sales in H1 2025, the luxury segment is just a sliver of the total transactions.
Delhi NCR tells a similar story, where luxury homes in areas such as Golf Course Road and Central Delhi see average ticket sizes in the INR 6–12cr range, reflecting robust demand from business families and HNIs. Meanwhile, in Bengaluru, where luxury has traditionally been a thinner market, saw sales in this segment rise ~59% in FY 2024-25 to merely INR 1000cr in value, while the city recorded a total of 26,599 residential units sold in H1 2025 across all segments.
Beyond these metros, other cities are gradually entering the map, though the definition of luxury differs highly from the metros. Hyderabad has witnessed luxury launches above INR 4–6cr, while Chennai’s elite zones have selective demand for homes priced around INR 5–7cr. Other cities such as Pune and Ahmedabad are still nascent in the segment, where “premium” is defined at lower thresholds – typically INR 3–5cr – and often targeted at NRIs or established business families.
This uneven distribution reflects the regional appetite for luxury living and displays that while luxury sales have gained momentum and captured the media attention, the segment remains a very small part of India’s housing market. The mid-income and affordable housing segment still contributes to a significant portion of the overall market demand and supply.
Equity Market Wealth Creation: India’s market capitalisation grew from around USD 1.5 trillion in 2014 to over USD 4.3 trillion by 2025. In addition to that, India saw a massive influx of Venture Capital funding between 2020-2023, totalling nearly USD 88 billion. This liquidity hallowed many startups to unlock substantial gains, which – until the INR 10cr cap on reinvestments came into effect in 2024 – could be allocated without limit into real estate, increasing the demand for premium, luxurious housing.
NRI Inflow: Remittances increased nearly 14% y-o-y, reaching a record USD 135.5 billion in FY 2025. A significant portion has flowed into the real estate market, with NRI investments in the real estate industry estimated at USD 13 billion in 2023, and USD 3.1 billion in just the first six months of 2024. Developers such as DLF report over 20% of their FY 2024 sales were from NRIs.
Growing HNI base: India had 85,698 individuals with assets of more than USD 10 million in 2024, a 6% rise from 2023. This number is projected to reach nearly 94,000 by 2028, making it one of the fastest ultra-wealthy expansions in the world.
Low interest rates: Between 2020 and 2022, record-low interest rates improved affordability. Cheaper borrowing costs, easy access to credit, and abundant liquidity further fanned the demand for premium housing.
Changing aspirations: The pandemic also reshaped buyers’ preferences. Buyers focused more on larger layouts, private terraces, wellness-oriented amenities, and branded residences, displaying a shift toward lifestyle-driven choices.
Balancing Momentum and Market Realities
Despite the sharp growth, questions are being raised about how long the momentum can last. Demand is still limited to a small group of HNIs and ultra-HNIs, many of whom already own more than one luxury home. For these individuals, buying is often a lifestyle choice rather than a real need. On top of that, policy changes are starting to weigh on sentiment. The new INR 10 crore cap on capital gains reinvestment, which came into effect in 2024, has reduced the tax benefits on high-value properties, slowing down some of the earlier rush in this space.
Secondly, supply is catching up. In H1 2025 Quarter to sell (QTS) in segments priced above INR 10cr continue to see longer sales cycles, with QTS extending beyond 16.1 quarters in some cases, particularly in Central and South Mumbai. Across India, inventory levels in the higher ticket sizes, particularly those in the INR 20-50cr category, have grown by 37% YoY. The QTS for units priced above INR 50cr is currently at 7.9 quarters, while it rises sharply to 17.1 quarters in the INR 20–50cr range. As a result, even marginal shifts in supply or availability can lead to significant fluctuations in QTS, rendering it more volatile over a relatively brief period.
Thus, the segment will remain relevant but is likely to grow at a measured pace.
Conclusion
India’s luxury housing market is still booming, especially in cities like Mumbai, Delhi-NCR, and Bengaluru. But the demand is coming from a limited group, the very wealthy and NRIs. Homes that are in the right location, backed by strong brands, and offer something special will continue to sell. Projects that don’t have these strengths may struggle to find buyers.
The boom will sober up rather than collapsing. The years ahead will reward developers who temper their ambition with caution, concentrating on prime sites and unique offerings. For the sector as a whole, the post-2020 surge will transition to a more stable and selective growth – resembling maturity and sustainability.
This article has been contributed byMr. Nagabhushana Reddy, Founder & Managing Director, NBR Group
If you need to know India’s residential cycle in late 2024–2025, track the money—and currently, the money is moving into luxury and high-end homes in the metros. From Mumbai’s record ticket sizes to Bengaluru’s growth corridors, high-end projects are supporting overall sales values while volumes temper from last year’s highs. The key question is if this top-heavy push can carry industry momentum up to 2026.
The Premium Engine Under the Hood
New information in ANAROCK’s quarterly Pan-India Residential Market Viewpoints shows a changing market. During Q2 2025, sales volumes in the top seven cities decreased by 20% year-on-year to approximately 96,300 units. However, aggregate sales value crept higher by 1% to INR 1.47 lakh crore—plain proof of customers upgrading. Average prices went up 11% y/y, with Bengaluru improving by 12% and NCR rising by 27%.
Luxury (INR 1.5–2.5 crore) and ultra-luxury (>₹2.5 crore) markets are progressively on top. In Q2, luxury alone represented 27% of fresh supply, whereas ultra-luxury contributed another 19%. This skew wasn’t new. Even in Q1 2025, the two combined represented 42% of launches in the leading seven cities, whereas affordable supply dwindled to merely 12%. Developers are consciously focusing on more margin-sensitive projects for buyers with deeper pockets.
Even while unit sales cooled, prices kept going up—up 17% y/y in Q1, driven by Bengaluru and NCR. And it is no “price illusion.” Pre-sales market-wide reveal real traction: listed builders recorded historic pre-sales of over INR 1.6 lakh crore in FY25, and in Q1 FY26 alone, the top 10 players booked over INR 44,000 crore—close to 30% of their full-year goals in just one quarter.
Mumbai and NCR are still leaders in absolute terms, but Bengaluru leads the way in consistency. The city not only achieved double-digit price appreciation but is also seeing high-end launches pouring in across Sarjapur, Whitefield, and North Bengaluru. Backed by IT-driven job centers and planned metro and road corridors, Bengaluru’s premium demand appears less cyclical and more structural—directly linked to increasing incomes and continued white-collar job generation.
Why Premium Is Winning: Incomes, Aspirations—and Credibility
Three factors account for the outperformance of premium housing:
Increasing upper-middle and HNI incomes:- Growth in the formal sector, technology-enabled employment, and stock-market wealth impacts have increased the number of potential buyers willing to stretch for INR 1.5–INR 5 crore homes. Even as sales volumes ease, realizations remain intact because the buyer mix is becoming richer. Bengaluru, with its IT and startup wealth clustering, is a classic example of this trend.
Execution credibility of Grade-A developers:- Following years of consolidation, customers are rewarding builders with credentials, open RERA-compliant procedures, and timely delivery. Top-end buyers, above other groups, crave brand trust—having faith that their investments would deliver what was warranted.
Product-market fit:- Contemporary high-end apartments are sold less as bigger houses and more as holistic lifestyle offerings: private clubs, concierge, managed facilities, and security. Launches are being planned by developers to address this need, and that is why luxury and ultra-luxury supply stakes have remained elevated up to 2025.
Demand for premium is still metro-focussed. ANAROCK data indicates MMR, Pune, Bengaluru, and NCR collectively contributed ~79% of sales in Q2 2025 and equally disproportionate share of new launches. Prices have grown steepest where employment and infrastructure are clustered, as expected.
In Bengaluru, Sarjapur Road-Gunjur has evolved into a marquee destination. An ANAROCK micro-market report (Jan 2025) points to the recipe: location near Outer Ring Road IT corridors such as Bellandur and Eco Space, access to Whitefield and Electronic City, and a list of mobility improvements in the pipeline such as the ORR Metro (Phase 2A, by 2026), Sarjapur–Hebbal Metro (Phase 3A, by 2031), and the Peripheral/ Satellite Town Ring Roads.
As of Q3 2024, the average price in Sarjapurroad-Gunjur stood at ~₹9,700/sq ft, registering ~62% appreciation over 2018. The micro market experienced a lean nine-month inventory overhang and a budget mix moving steadily upwards. Between 2018 and Q3 2024, Sarjapur supplied 31% of East Bengaluru’s residential supply, and in 2024 alone, contributed 23% in just the first three quarters—a testament to enduring developer conviction.
Premium Housing: Momentum with Caveats
Maintaining Real Estate Credibility
Premium demand continues to anchor India’s real estate values, even as overall unit sales are moderate. Stable jobs, urban wealth creation, and disciplined execution have kept prices firm, inventories declining, and pre-sales visibility strong. Metro micro-markets like Bengaluru’s Sarjapur belt and Hebbala Extension remain resilient demand pools that cushion the cycle.
Still, there are risks. Input costs drive developers towards higher-ticket launches, international uncertainty can subdue NRI and HNI buying, and lapses in execution could undermine investor confidence. At the same time, slender affordable supply exposes weakness should wage growth stall or mortgage rates increase. The sector’s direction depends on maintaining credibility, keeping costs in check, and finding the right balance for the demand barbell.
Bottom Line
India’s housing market has turned firmly from a volume-driven to a value-driven era, with high-end and luxury projects driving the cycle. The evidence—firming prices, buoyant sales values, and healthy pre-sales by top developers—points to this motor being able to continue running.
But to maintain momentum into FY26 will mean doubling down on two essentials: execution credibility (prompt delivery, clear specifications, and good post-handover services) and capital discipline (capital-led launches, sensible pricing). Provided developers deliver on these terms—and provided infrastructure keeps sewing India’s jobs nodes and residential corridors together—micro-markets such as Bengaluru’s Sarjapur will continue to anchor the upmarket narrative while absorbing cyclical shocks.
That is, premium can pass the baton, but only if the ending is as reliable as the beginning.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
Anything that has to do with real estate, specifically as a purchaser has always been convoluted and annoying. The constant push from the sellers, nagging from the middlemen, lack of fluid communication, and running helter-skelter to get the paperwork done are some of the common horrors in the world of real estate. Was it meant to be this way?
Yes, many of us have pondered on the scene on several occasions but without any outcome. Akhil Gupta, Amit Agarwal, and Saurabh Garg also thought of improving this gloomy scenario and found a solution in the form of NoBroker. Founded in 2014, NoBroker is aBangalore-based startup in the real estate search domain, that connects flat and property owners with tenants and buyers directly through their platform, thereby making buying, selling, and renting properties simpler, transparent, and affordable.
NoBroker claims to handle around $2 billion worth of transactions on its platform each year and saves INR 130 crores of brokerage monthly. The platform helped Indian real estate customers save around INR 1,100 crores worth of brokerage in 2020. The company further strives to help the Indians usher in a new era of smooth and easy real estate transactions minus the “brokers.” The startup became a unicorn on November 23, 2021.
StartupTalky interviewed Mr. Saurabh Garg, Co-Founder & CBO of NoBroker to get insights on the Startup Journey and the Growth Story of NoBroker. Read on to learn about NoBroker company, its owner, business model, revenue model, competitors, founders, revenue, funding & more.
NoBroker is a disruptive force in the real estate sector that uses innovative technologies to connect property owners, buyers, and renters with the help of a single platform.
Here’s what NoBroker has to say about their mission:
Our mission is to lead India’s real estate industry towards an era of doing real estate transactions in a convenient and brokerage-free manner.
NoBroker – Real Estate Industry Details
India’s real estate market was worth $477 billion in 2022. It is projected to grow to $1 trillion by 2030 and $5.17 trillion by 2047. Furthermore, the market size of the real estate sector in India, which was estimated to be around US$ 120 billion in 2017, will be expected to grow to US$ 1 trillion by 2030 and will contribute nearly 13% to the country’s GDP by 2025.
In FY23, India’s residential real estate market experienced unprecedented growth, with home sales reaching a record high of INR 3.47 lakh crore ($42 billion), marking a substantial 48% year-on-year increase. This surge underscores the sector’s potential, with forecasts suggesting its contribution to India’s GDP could rise to 15.5% by 2047, expanding the real estate sector to a projected $5.8 trillion.
Besides, Indian firms are also expected to raise more than $48 billion with the help of infrastructure and real estate investment trusts in 2022 when compared to raised funds, which are worth $29 billion to date, according to ICRA.
NoBroker company was founded by Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg.
“I first met Akhil when we were studying at IIT Bombay and Amit at IIM Ahmedabad. Convincing them was not tough, as we all had our fair share of hassle when looking for properties” says Saurabh Garg, Co-founder & CBO, NoBroker.
Amit Kumar Agarwal: Co-founder and CEO of NoBroker
Akhil Gupta: Co-founder, Chief Tech and Product Officer of NoBroker
Saurabh Garg: Co-founder and CBO of NoBroker
NoBroker company currently operates with a team of 1000+ highly motivated individuals consistently working to offer better services to over 30 million registered users across Bangalore, Mumbai, Pune, Chennai, Hyderabad, and Delhi-NCR.
Amit Kumar Agarwal: Co-founder & CEO, NoBroker
Amit Agarwal is a banking and finance veteran, with over 15 years of experience in the banking and finance sector in management consulting and strategy. He had previously worked with leading global entities like PricewaterhouseCoopers, where he collaborated with numerous renowned Indian and foreign banks. Besides, he also garnered considerable experience of working with the top CXOs on several critical aspects, including the formulation of business strategy and the enhancement of on-ground profitability. He also displays a successful track record of guiding entry and portfolio strategy along with large-scale policy implementation and has won several industry accolades for his accomplishments.
In his role as the CEO of NoBroker.in, Amit spearheads the organization’s overall vision and direction and is responsible for defining and gilding its corporate strategies. Amit is an alumnus of the Indian Institute of Technology, Kanpur, and IIM, Ahmedabad.
Akhil Gupta: Co-founder & CTO, NoBroker
Akhil is the Co-founder and Chief Tech and Product Officer of NoBroker and has been instrumental in building the foundation for NoBroker’s spectacular growth. Akhil holds a dual degree (B.Tech & M.Tech) from the Indian Institute of Technology, Bombay.
He leads the entire tech vertical of the company and is responsible for building, scaling, and managing teams along with overseeing the business growth of NoBroker to promise a heightened customer experience. His commitment to efficiency and finding disruptive solutions to the most crucial business challenges has helped NoBroker offer some ground-breaking features like the AMP/PWA, and WhatsApp chat feature, along with the use of AI and ML to provide rent prediction and recommendations. These were some of the firsts in its league. Many of the products built at NoBroker serve as successful case studies at Google and Facebook.
Furthermore, Akhil also monitors the products of the company and is continuously engaged in making necessary amendments and improvements to them. Akhil had over a decade’s worth of experience before setting forth with NoBroker. He had previously worked with Oracle, where he had led several products in Siebel, Oracle Ebiz, and Oracle Sales Cloud, and was also responsible for filing a couple of patents for the same. He is currently associated with the world’s largest customer-to-customer real estate portal and is anticipating massive growth in the upcoming years.
Saurabh Garg: Co-founder & CBO, NoBroker
Saurabh Garg was also a student of IIT Bombay and IIM Ahmedabad and as soon as he finished his studies, he set out with Hindustan Unilever Limited as a fresh graduate. Saurabh worked for the Sales and Marketing team of HUL and left the company after 3 years. Next, he founded Four Fountains De-Stress Spa, which was his first entrepreneurial leap. Saurabh is still serving as the Co-founder and Director of the Four Fountains Spa, which he founded back in May 2007.
His experience with Hindustan Unilever and as an entrepreneur helped him gain considerable experience. This has further benefitted him in his role as the Chief Business Officer at NoBroker.in. Saurabh’s role in the revolutionary real-estate platform is mainly to pursue strategic alliances with real estate developers and corporates to bring high-quality supply and demand at a low cost, thereby expanding the revenue stream. Saurabh contributed largely to building the marketing team from scratch and empowered them to take on new challenges and try new and disruptive solutions without fearing failure. This freedom to experiment is one of the reasons why NoBroker.in has achieved over 1 million app downloads within the first 3 years with surprisingly less marketing costs. The platform also has the lowest customer acquisition costs in the competitive Indian real estate sector.
Amid mounting social media criticism from dissatisfied customers, Saurabh Garg stated that the company is actively addressing concerns and harnessing artificial intelligence to resolve issues efficiently.
NoBroker – History and Startup Story
Reminiscing the startup journey of NoBroker.in, Saurabh Garg (Co-founder & CBO of NoBroker) says:
“We established NoBroker.in when we realized that the real estate search and discovery process was fragmented, opaque, inefficient, and full of hassles for the customer. The idea first germinated after the awful experiences that we personally had with brokers while looking for a property. All the other online platforms are also marketing platforms for brokers and it is very difficult to contact the owner/seller directly. This dependence on the broker made the experience horrible for the customer. Brokers subject customers to biases, pressures, and manipulations”
He continued –
“Through NoBroker.in, we wanted to empower Indian home-seekers to find a home of their choice in a hassle free manner without paying a hefty brokerage. We did not have a prototype or a model to copy from as this was a solution built for a problem unique to Indian real estate. Brokerage has been an accepted norm for generations and therefore, penetrating the market with as disruptive a solution was not easy. The idea was simple yet bold but we knew that there was a huge scope for it. We launched the website in March 2014. Once the customer understood the unique proposition, there was no turning back for us”.
NoBroker – Products and Services
NoBroker.in addresses the gap of information asymmetry that the Indian homebuyers face in its real estate market. Its disruptive solution connects property seekers with property owners, a process that earlier used to cost as much as 1-2 months of rent or 4% of the transaction amount as brokerage. The platform also provides personalized recommendations and assists with decision-making based on real-time data.
“We are the only platform in the C2C space that directly connects tenants and buyers with owners and sellers” Saurabh mentioned.
The platform offers end-to-end one-stop solutions for property seekers including services such as rental agreements, movers & packers services, home loans, interiors, special packages for NRIs, relocation services for corporates, remote property management services, etc. It also facilitates online rent payment via credit cards, debit cards, net banking, and UPI wallets.
NoBroker also promises to be a one-stop-shop for processing the paperwork and documentation, associated with the lease agreement registration, bank franking, police verification, and society approvals.
NoBroker Home Services – Along with serving as an excellent solution for home buyers and renters, NoBroker also extends a list of useful services for homes, which are:
Painting services
Cleaning services
Home sanitization services
AC repair services
Pest control services
Carpentry services
Plumbing services
NoBroker Furniture – NoBroker also offers a wide range of furniture to buy/rent and ease the process online. It helps in installing and free relocation of furniture, swapping old ones with new ones, and maintaining them.
The platform’s visitor and community management super app- NoBrokerHood is currently optimizing society living across 11,000 societies in Bangalore, Mumbai, Pune, Hyderabad, Chennai, Delhi-NCR, Kolkata, Ahmedabad, Nagpur, Jaipur, and Kochi.
CallZen
CallZen, a platform for conversational AI, has been introduced by NoBroker on October 12, 2023. The Bengaluru-based company has already ventured into other verticals, such as apartment management software, home services, and beauty, so this is an entirely new business line for NoBroker.
NoBroker – Name and Logo
“The name had to be simple, self-explanatory and direct. So, when I saw that name NoBroker.in is available I booked it immediately back in 2007” says Saurabh.
NoBroker Logo
NoBroker – Business Model and Revenue Model
The business model of NoBroker acts as a digital peer-to-peer platform that allows homeowners/sellers and prospective tenants/buyers to connect directly without the involvement of a broker. It provides a subscription business model to customers who are looking to buy, sell, or rent a property.
NoBroker has 3 revenue models:
Freemium model for tenants
Freedom plan
Relax plan
MoneyBack plan
Apart from that, NoBroker also offers an array of home services like packers and movers, home cleaning, home painting, interiors, and a lot more. These are also among the notable sources of revenue for NoBroker.
Real estate is a huge sector and a vastly unorganized one. For generations, it had relied on traditional processes, which involved a third party. The history of brokerage services can also be traced down to the earliest establishments of real estate. The team, therefore, focused on the most fundamental challenge faced by real estate customers: the service they were receiving was not commensurate with what the customer paid for it.
As there was information asymmetry, people had no option but to rely on broker services. Real estate platforms have been around for decades and have tried to solve the issue of information asymmetry. However, they couldn’t keep brokers away from the system. This led brokers to exploit the system to their benefit.
“When I – along with my Co-founders Amit and Akhil – formed NoBroker.in, we were determined to use technology to address the gaps in the property discovery creating a platform that was 100% brokerage free” Saurabh added.
Their approach differed from the other online real estate platforms in that they were essentially tying up with property brokers and getting them to list properties on their platforms. On the other hand, the team connected owners with sellers and tenants with buyers directly. Because of this approach, NoBroker’s value proposition found a favorable reception from the customers. NoBroker has the highest number of owner-listed properties.
It bootstrapped for quite a few months. Getting investors to believe in its proposition was a challenge because the team did not have an existing successful model to convince them to back it.
“But we were sure of our resolve and our solution, and the needle moved when we raised our first $20 million”, Saurabh exclaims proudly.
The pandemic ironically offered a shot in the arm as people could not use offline services and relied heavily on online platforms to search and finalize a house. One way or the other, the value-conscious Indian customer has realized and appreciated NoBroker’s unique proposition and helped it grow.
NoBroker has raised a total funding of $430.9 million to date. The company raised INR 400M from its Series-E funding led by Google, dated March 1, 2023. This has shot the valuation of the startup to over a billion dollars, thereby making it India’s first proptech (property tech) unicorn startup and the 38th Indian startup to be a unicorn in 2021.
It also raised $210 mn from its Series E funding led by General Atlantic and Tiger Global Management, dated November 23, 2021, where the US-based Moore Strategic Ventures also joined later on.
Paytm’s Vijay Shekhar Sharma and Anand Chandrashekharan, ex-Facebook are among the angel investors in the company. Google, Tiger Global, General Atlantic, and BEENEXT are some of the popular investors fueling the brand.
With the successful completion of the upcoming round, the company is estimated to be valued at over $1 billion. However, the startup managed to raise more than that and eventually emerged as a unicorn.
The Funding and Investors’ details of NoBroker are as follows –
Date
Amount
Stage
Investors
March 1, 2023
INR 400 million
Series E
Google
November 23, 2021
INR 15.8 billion
Series E
General Atlantic, Tiger Global Management
April 16, 2020
$30 million
Series D
General Atlantic
November 5, 2019
$10 million
Venture Round
General Atlantic
October 1, 2019
$50 million
Series D
Tiger Global
September 11, 2019
$51 million
Venture Round
Tiger Global Management
June 5, 2019
$51 million
Series C
General Atlantic
June 4, 2019
$2.5 million
Debt Financing
Trifecta Capital Advisors
December 19, 2016
$7 million
Series B
KTB Ventures
February 24, 2016
$10 million
Series B
BEENEXT
February 23, 2015
$3 million
Series A
Fulcrum Ventures India, SAIF Partners
March 1, 2014
–
Angel Round
–
NoBroker – Shareholding
NoBroker’s shareholding pattern as of July 2024, sourced from Tracxn:
NoBroker Shareholders
Percentage
Amit Kumar Agarwal
6.8%
Akhil Gupta
6.8%
Saurabh Garg
5.3%
General Atlantic
31.1%
Tiger Global Management
13.9%
Elevation Capital
16.3%
Moore Ventures
4.6%
Beenext
4.4%
Beenos
1.4%
DG Incubation
1.3%
VD Investments
0.9%
KTB Ventures
1.6%
Rocketship
0.5%
Qualgro
0.4%
Youngmonk Trust
–
Fulcrum PE
–
DST Global
–
Trifecta Capital
–
Google
0.5%
Angel
1.2%
ESOP Pool
3.0%
Total
100.0%
NoBroker Shareholding
NoBroker – Financials
NoBroker has shown significant revenue growth over the years, but expenses have also increased, leading to continued losses. Below is a detailed financial breakdown from FY24 to FY20.
Particulars
FY24
FY23
Revenue
INR 803 crore
INR 609 crore
Expenses
INR 1299 crore
INR 1190 crore
Profit/Loss
INR -411 crore
INR -506 crore
NoBroker Financials
NoBroker EBITDA
NoBroker Financials
FY24
FY23
EBITDA Margin
-66.55%
-42.5%
Expense/INR of op Revenue
INR 1.62
INR 1.95
ROCE
-37.12%
-34.12%
NoBroker – ESOP
NoBroker announced the completion of its employee buyback worth INR 32.2 crore in a report dated March 15, 2022. The buyback program of the proptech unicorn promises to allow 95 former and current employees of the company to liquidate their stock options, which make up for 57% of total employees with ESOPs.
NoBrokerHood acquired Society Connect on February 11, 2020, to integrate the financial module with its services on one single platform and make society’s living easy and hassle-free.
NoBroker – Competitors
“As mentioned above, what differentiates us from other online real estate platforms is that ours is the only platform that is 100% brokerage free. We are not just enabling property discovery. We are a transaction platform and provide end to end solution. In that sense, we don’t have competition” says Saurabh.
NoBroker.in is a market leader in customer-to-customer real estate transactions and leading third-party endorsements have recognized the same,
NoBroker.in was part of the elite ‘Champions of Change’ with the Prime Minister of India organized by the NITI Aayog.
NoBroker.in has been recognized as the “Coolest Startup” by the India Today Group.
The company was distinguished as the most promising startup for 2017, a recognition that it received from the Govt. of Gujarat.
NoBroker was also recognized by Forbes Japan as one of the 20 hot startups in India.
NoBroker was listed as one of the top 100 startups (36 on readers rating) with gravity-defying momentum to look up to in 2017 by YourStory.
NoBroker bagged the Digital Marketer of the Year award by IAMAI in 2018.
Most recently, the company received an award at the Emerging Awards by Tracxn where it was declared as one of the topmost companies in Real Estate Tech from across the globe.
NoBroker won for Disintermediation of Real Estate Transactions in the category of Innovation in Real Estate at the 14th AGBA in April 2024.
NoBroker plans to expand its presence significantly in the Indian real estate market. They aim to reach 50 cities within the next three years, moving from their current base of 6 cities. This expansion is driven by strong demand and a focus on improving services through technology. NoBroker is actively pursuing AI-driven B2B services to increase profitability and eventually consider an IPO.
FAQs
Who are the Founders of NoBroker?
NoBroker was founded by Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg.
What is NoBroker?
NoBroker is a Bangalore-based real estate search portal, which helps connect flat owners with tenants/buyers directly and makes the buying-selling of real estate simpler. NoBroker removes the need for brokers in real estate-related dealings.
When was NoBroker founded?
NoBroker was founded in 2014.
What is NoBroker net worth?
NoBroker net worth as of March 2023 is $954 million.
How does NoBroker make money? What is NoBroker revenue model?
Around 70% of NoBroker’s revenue comes from the subscription plans it offers on various packages. Advertisementsfrom furniture start-ups also contribute significantly as NoBroker claims over 2.5 million users visit its website per month. NoBroker also earns revenueby offering services, such as connecting tenants with movers and packers, drafting rental agreements, and extending a wide range of home services.
What is NoBroker business model?
NoBroker follows a freemium model, offering broker-free real estate transactions. It earns revenue through subscription plans, advertising, home services, and financial products like rent payments and home loans. Its AI-driven platform connects buyers, sellers, tenants, and landlords directly, eliminating middlemen.
How NoBroker works?
NoBroker is a broker-free real estate platform that connects property owners with buyers or tenants directly. It uses AI-powered matching to suggest suitable listings and allows users to communicate without middlemen. The platform also offers value-added services like home loans, rent payments, legal help, and movers. It follows a freemium model, earning from subscriptions, ads, and services, while keeping basic property listings free.
Real estate has long been considered one of the most rewarding ways to build wealth. Unlike the rollercoaster of stock markets or the high-stakes gamble of startups, real estate offers something refreshingly solid: a brick-and-mortar asset you can see, touch, and profit from.
What makes real estate truly powerful is its ability to deliver on both fronts: steady passive income today and substantial capital gains tomorrow. It’s one of the few investments where your money works for you while you sleep and grows quietly in the background. So, whether you’re a first-time investor, a side hustler, or someone looking to diversify your income portfolio, this article breaks down 6 proven and profitable ways to make money in real estate.
Why Should You Invest in Residential Real Estate?
In a world filled with fleeting trends and unpredictable markets, residential real estate stands tall as one of the most dependable paths to long-term wealth. It’s not just about owning a house, it’s about creating a financial foundation that grows stronger with time.
Here’s why residential real estate continues to be a cornerstone of smart investing:
Reliable Passive Income: Rental properties offer a steady stream of monthly income, often enough to cover mortgage payments and still leave room for profit. As your loan gets paid down and rents rise, your cash flow increases, making your investment more lucrative year after year.
Resilience in Economic Downturns: While stocks can crash overnight, real estate tends to weather economic storms more gracefully. People always need a place to live, making housing a relatively safe bet even during recessions.
Long-Term Appreciation: Property values generally trend upward over time, especially in developing countries like India, where urbanization is booming. The longer you hold onto your property, the higher the potential for capital gains.
Tax Benefits Galore: From deductions on mortgage interest and property management costs to depreciation claims and capital gains deferrals, real estate investors enjoy a wide array of tax perks that other asset classes can’t match.
Capital Gains Deferral Opportunities: Mechanisms like the 1031 exchange (used in the U.S.) or similar reinvestment schemes in India allow investors to defer taxes on capital gains, enabling them to roll profits into bigger investments without paying taxes immediately.
Portfolio Diversification & Wealth Creation: Adding real estate to your portfolio reduces overall risk while creating a tangible asset that builds equity, protects against inflation, and provides multi-generational wealth potential.
The Indian real estate market is on a rapid growth trajectory, fueled by rising urbanization, a growing middle class, and a surge in both domestic and international investments. It is not only expanding in scale but also evolving with increased digital adoption, government reforms, and a shift in buyer preferences.
Key Market Insights (2025 and Beyond)
The overall real estate market in India is expected to reach a projected value of US$46.76 trillion by 2025, making it one of the fastest-growing markets in the world.
Residential real estate is the dominant segment, projected to hit a whopping US$40.20 trillion by 2025. This demand is driven by the increasing need for housing, especially in urban and semi-urban regions.
This residential segment is anticipated to grow at an annual rate of 2.47%, reaching an impressive US$51.54 trillion by 2029.
On the global stage, however, the United States continues to lead the pack, with its real estate market projected to generate an estimated US$136.6 trillion in 2025 alone.
6 Next-Level Tactics To Boost Your Real Estate Income
6 Next-Level Tactics To Boost Your Real Estate Income
Long-Term Residential Rentals
Long-term residential rentals remain one of the most reliable and scalable ways to make money in real estate. Why? Because people will always need a place to live, and landlords who play their cards right can earn steady, passive income while building long-term equity.
A great location trumps almost everything else, even the condition of the property. In fact, a run-down home in a high-demand area can be a diamond in the rough. It rents faster, appreciates better, and offers a stronger return over time. This strategy involves purchasing a property (often with a mortgage) and holding it for the long haul, ideally one that already has tenants or generates rental income.
Lease Options
Are you thinking of investing in real estate without hefty capital or perfect credit? Lease options might be your way in. This strategy lets you lease a property with the option to buy it later at a pre-agreed price. It’s especially profitable in a rising market, if property values increase, you can either buy below market value or sell your purchase rights for a profit. You can consider it a smart bet on future appreciation; you lock in today’s price, but buy tomorrow.
Contract Flipping
Do you want to make money in real estate without a big down payment or stellar credit? Try contract flipping. It is also known as wholesaling. This strategy is all about being the middleman. Your job: find a distressed seller and match them with a motivated buyer, then earn a fee by flipping the purchase contract before the deal closes.
The key is speed and timing. Instead of locking up a property and then searching for a buyer, you line up both parties before entering the contract. That way, you avoid getting stuck with a deal you can’t close.
Vacation Rentals
Vacation rentals are more than just a side hustle, they can become a highly profitable income stream, especially in tourist-heavy hotspots like Goa, Shimla, Jaipur, Miami, or Los Angeles.
Thanks to platforms like Airbnb, Booking.com, etc, it’s easier than ever to rent out a property (or even a room) to short-term guests and earn 2–3x the income of long-term rentals.
Here’s the kicker: You don’t even need to own a property to profit. Many top vacation rental managers build businesses by managing homes for others, offering exceptional service, handling bookings, and creating a 5-star guest experience.
Commercial Real Estate
Investing in commercial real estate offers one of the most lucrative ways to build serious wealth. Unlike residential properties, commercial investors don’t just flip buildings; they develop, renovate, and add value to boost income streams.
Ali Safavid, founder of 5209 Investments, calls commercial real estate a top source of profits when you know how to increase a property’s value. Businesses always need office space, retail shops, and warehouses, making commercial properties a steady demand market.
While you can eventually aim to develop large-scale projects like shopping malls, every investor starts small. With smart moves, commercial real estate can become your biggest income driver.
Invest in REITs for Hassle-Free Returns
Do you want to earn from real estate without owning or managing property? Then you can step into REITs (Real Estate Investment Trusts). REITs let you invest in portfolios of income-generating real estate, like malls, office buildings, and apartments, without lifting a finger.
They are traded on major stock exchanges, just like stocks, making them incredibly liquid and beginner-friendly. You earn through regular dividends (REITs are required to pay out 90% of their income) and potential price appreciation, all without dealing with tenants, toilets, or taxes.
Common Mistakes to Avoid in Residential Real Estate Investment
While residential real estate can be a powerful wealth-building tool, even small missteps can cost investors time, money, and peace of mind. Here are the most common mistakes you should avoid:
Ignoring the Importance of Location: A beautiful property in the wrong neighborhood is still a bad investment. Always prioritize high-demand areas with good schools, low crime, proximity to jobs, and future growth potential.
Underestimating Costs: Many new investors forget to budget for repairs, maintenance, property taxes, insurance, and vacancies. Unexpected costs can destroy your cash flow if you’re not financially prepared.
Neglecting Due Diligence: Skipping inspection or failing to verify the legal status of a property can land you in legal trouble or in a money pit. Always do your homework, thorough inspections, and title verifications are non-negotiable.
Trying to Self-Manage Everything: Managing multiple properties is time-consuming. If you try to handle everything alone, you will likely get stressed and miss out on good deals. Hiring a property manager can save you time and stress.
Poor Tenant Screening: Choosing the wrong tenants can lead to late payments, property damage, and legal hassles. Implement a strong screening process including background checks, income verification, and references.
Real estate isn’t just about bricks and buildings, it’s about building real wealth through smart, tangible investments that stand the test of time. From long-term rentals and lease options to high-yield REITs and vacation rentals, each strategy covered in this guide offers a unique path for beginners to enter the market and start generating consistent income. But like any investment, success in real estate doesn’t come from luck, it comes from learning, planning, and avoiding costly mistakes.
FAQs
What is a real estate business?
A real estate business is a business entity that deals with the selling, buying, and management of real estate properties.
What are the types of real estate?
The prominent types of real estate include commercial real estate, residential real estate, vacant land, and industrial real estate.
How do you attract customers to buy the property?
Personalize your social media, Communicate effectively and try to create a picture of the property using storytelling.
Land is an asset and one of the most profitable assets indeed. Though we are surrounded by water on all sides, the land is what we need to survive. With the spread of civilization, land has become a scarce entity that needs to be conserved and used with utmost judiciousness and an eye to the future. Wondering how you can make money with empty land in India? Don’t worry; we’ve listed 61 business ideas for vacant land to make money from!
There is a wide range of land businesses that you might look up to use your vacant land to its full potential, but first, you need to consider some elemental factors like – The size of the land, Location of the land, Zoning laws of the area, Source of water, Safety hazards and precautions, Quality of soil and its composition, Vegetation and more. You can start a land related business to generate steady income from your unused property. Explore business ideas for empty land, such as starting a community garden, setting up a small event venue, or creating a solar farm.
Below are business ideas you can use to make money from your vacant land on a temporary or permanent basis, depending on the type of business you choose. So, let’s dive into empty land business ideas without any further delay:
Self-sufficient cabins for eco-tourism or retreats
Medium
Medium to High
Farming
Farming – Empty land business ideas
Agriculture is one of the fastest-growing and demanding sectors in today’s world. Agricultural business means producing and marketing agricultural commodities such as livestock and crops. Your motivation for starting a farming business is the thing that will directly impact your strategy. You can plant food crops that you can sell locally or export. Agriculture-related businesses, when carried out with appropriate planning, passion, and dedication, can reward you with a very good income.
Outdoor Advertising
Outdoor advertising – vacant land business ideas
If your land is beside the highway or in any other strategic location, you can put up billboards on the land and charge the advertisers for displaying their adverts on your billboards. This type of business can be one of the best highway business ideas that can earn you a consistent passive income over a long period. As a business on highway land, it can generate profit for your business.
Storage Space/Warehouse
Starting a warehousing and plotting business is not possible without hard work. There are two sides to this business – the first is constructing/providing the space for the warehouse, and the second is offering warehousing services.
Some points you have to consider before starting this business:
Location of the warehouse.
Land should be flat enough so that no landfilling is required.
Should have an excellent approach road to the land/plot.
The plot/land should have a good width on the road for better movement of vehicles.
The layout of the warehouse depends on the shape of the land ideally, it should be square or rectangular.
The plot business should ensure that the land/plot offers the necessary facilities for income from vacant land water and electricity.
The world today has a great sense of fashion in everyday work. Gardeners are now showing more interest in finding new varieties of plants. The nursery business is very profitable and demanding, and you can easily run your own plant nursery business without any hassles. The primary step is the availability of land. This land must have the basic qualities of land for farming. A successful nursery offers a wide variety of young plants to customers who purchase the plants individually or in bulk quantities.
Firewood Business
Firewood Business – Vacant Land Business Ideas
If your land is stocked with trees, you can use it as a source for timber or firewood to sell. However, processing of firewood is necessary, and these woods shall also be moved from one location to another, so there needs to be a facility to do that.
Build a Spec House
Housing – vacant land business ideas
The demand for housing is strong, and real estate markets are booming. Building a single-family house, a multi-family dwelling could be the best use for vacant land. Investors typically make their money on spec homes in one of two ways. They can finance a percentage of the construction cost (lend money to a builder) and earn interest or share in the profits once the home is sold.
An amusement park business is perfect for fun-loving, passionate individuals who want to establish a profitable, self-rewarding business. The demand for amusement parks has grown strongly over the past few years. In the coming years, growth is expected to continue and have a positive influence on the outdoor entertainment and recreational industry. Before starting an amusement park, preparing a business report is a must. It helps in the development of the all-important physical planning guidance and reconfirms the physical parameters like the total land size needed, building space required, etc. This is a business to start on empty land in India.
Events Centre
The special events industry has seen quite a growth throughout the years, especially in the past decade. According to research, profits in this industry are always on the rise. The average profit margin can be as much as 40%.
Promotions (product launches, political rallies, fashion shows)
Commemorations (memorials, civic events) and more.
Training Grounds
Your land could be perfect for organizations, such as fire departments and construction firms, to train their employees. Training is really important, especially for the defense industry and all the people working in the emergency services sector. Therefore, using your land for one such purpose would always be a win-win option for you!
Children’s Educational Centre
Education Centre – vacant land business ideas
According to the Global industry, the private learning and tutoring market is experiencing rapid growth. Starting your educational learning centre allows you to get involved with a business trend that is headed in the right direction. Starting an educational learning centre also gives you the chance to make a difference in the lives of children every day.
Another business idea is to set up an athletic field where people can pay to play and train for games like football, basketball, volleyball, and other field sports.
Golf Course
Golf Course – vacant land business idea
Golf is one of the leading sports around the world. It promotes health and fitness. Many golf courses today are created to cater to the needs of every golfer may it be for sports, hobbies, or simply just spending time with friends and family. The area where the golf course would be established is one of the most important factors one must consider when it comes to establishing a golf course business. You need to hire hardworking, courteous, and honest employees for your golf course business. However, if you are not prepared to devote a significant amount of time to the business, then you can certainly lease/sell your vacant land for the same.
Railroad Storage/Access
You can earn money by allowing access and storage of railroad cars to the railway system. Also, consider leasing to other transportation systems such as buses and trolleys but for this, you need to have a fairly large tract of land that is well-connected with roads, etc.
Restaurant Garden
Gardening business is a fast-growing business idea that can save money and beautify the landscape while also helping the environment. Gardens can be traditional outdoor plots, formed on a smaller scale, a greenhouse, or planned as a restaurant garden. A restaurant garden is a unique concept of establishing a restaurant that looks like a garden and oozes fresh air. Turning your land into one such establishment is fascinating, along with being profitable!
Monthly rentals from mobile tower installation, along with potential empty land business ideas, may range between Rs 8000 per month and Rs 1 lakh per month. The amount may differ according to the height, size, and area of the property. The mobile tower agreement may vary from 12 months to a few years, but the owner may extend the lease to leverage a long-term benefit. The installed tower may positively impact property values.
RV Storage
RV Storage – Vacant Land Business Ideas
The demand for Recreational vehicles or RVs is increasing with each passing day, along with other vehicles, including cars. However, the fact that RVs require almost double the space that cars require is a rather palpable truth and this is what will come in handy that you can leverage if you have vacant land for use. Yes, think about this, you will just have to store RVs and earn money with your vacant land!
Campground
Camping is one such hobby that is never going to grow old. Hobbies that encourage people to step out of their mundane lives, like camping, are something that we all look forward to engaging in from time to time, simply because they help us shake the dust of our sedentary lives. Having a campground can be one of the best business ideas for 1 acre of land. Here’s where your land business can proliferate!
Solar Energy
Solar Energy – vacant land business ideas
The world of non-renewable sources is threatened and is giving way to renewable sources of energy, which is guiding humanity now. Solar energy is surely one such source that is capable of turning into a formidable alternative to finite sources of energy. However, it requires adequate space for the installation of solar panels to furnish the amount of energy needed. Therefore, if you are wondering about starting a business on empty land, then you can most certainly use your tract of land for the development of solar energy. This will be profitable as well as turn you into a responsible citizen, at the same time, who champions sustainability by limiting the use of fossil fuels.
Dairy products form an essential part of human beings’ diets. These products are reared from cattle, which need to be reared in vast tracts of land, where farms are set up. However, to establish farms, land is an essential requisite. Therefore, if you are currently possessing lands that are vacant and unused, then you can allow your land to be set up for a dairy farm, which will also help you improve your finances!
Horses belong to a limited group of animals that are reared for a variety of purposes. Along with carrying things and pulling carts, horses are also used for riding, which makes them form a central part of the sports and entertainment industry. Furthermore, this ensures that the horses always remain profitable for us, but when it comes to rearing, many of the horse owners back off due to a lack of stables. Here’s where you can pivot with your land business.
Wool processing
All of us have learned about wool and that it comes from the sheep. However, what we later know is that the wool processing industry, the core of which consists of animals and an abundant supply of land, is where the whole procedure takes place. So, if you are looking for creative uses of vacant land, which will also be profitable, then using it towards the development of the wool processing industry is something that you can opt for!
Summer Camps
Summer camps form an important part of the recreational activities of the students during their school and college. Summer camps are enthusiastic ventures that often drag professionals as well and do a lot more than supply them with plenty of fresh air. The land is the primary requisite for such camping activities. This is where you can pitch in the land you have to be blessed with huge prospects.
Petting Zoo
Petting Zoo – Vacant land business idea
Zoos almost always delight the young and the old. Petting zoos are a new concept that consists of a combination of both domesticated as well as wild animals. Such zoos are coming into being and grabbing a lot of attention of late. You can also contribute to one such zoo in case you have a tract of land to be used. A petting zoo would develop into a rewarding investment without a doubt!
It is always great to skate, and ice skating is easily one of the most prominent activities that you will find if you manage to ransack the bucket list of both students and professionals. Space is often a criterion that needs to be satisfied to establish an ice skating rink. However, if you already have land to your name, it shall become easier to connect the dots!
Vineyard
Who hates scrumptious wine that seeps in all the goodness of nature with each sip that you take? A vineyard takes a lot of time and effort to be developed, and most importantly, you would need land and a bunch of skilled employees to work on the wine. However, in case you already have land, you can put it into use for something as delicious, lucrative, and at the same time, innovative an idea as the establishment of a vineyard on your land. Besides, you can also hope for some discounts when it comes to the end products and an enormous fortune ahead!
The sound of the junkyard, as well as the name of the same, must be repelling for almost everyone, but if you can get over it for a single moment and look beyond the prospects of a junkyard, then it will be rather convincing. The automobile business is expanding, and the used-car companies are growing at an equal pace, which also demands the development of junkyards that will store junked cars and other accessories. Therefore, if you are wondering about “how to use vacant land to make money in India?” then, leveraging your land to build a junkyard will be rewarding indeed.
Outdoor Shooting Range
Outdoor Shooting Range – Vacant land business ideas
Shooting is an activity that many love to indulge in. An activity that forms a vital part of the policemen, men in the army, navy, and ex-army personnel, shooting is something that draws the commoners as well, and has grown to be an entertaining exercise. Though the foundation of shooting ranges is not something that needs a great deal of time or effort, it certainly requires a vast tract of land. This is why, if you already have spare land to be used and are wondering about some creative uses of vacant land, then the construction of an outdoor shooting range is something that you can opt for!
Biking/Zipline
Biking helps us unwind, along with aiding us with the speed that we require to perform our daily activities at the pace they demand. However, all that happens only when one gets past the preliminary difficulties in riding a bicycle or a bike. Many such courses are now conducted and are undertaken by a considerable number of people. However, establishing one such biking/zipline course needs a convincing amount of land. Therefore, if you presently have land and are looking to invest it for a land business, then leasing it for biking courses will work great and would be profitable indeed!
Beekeeping
Beekeeping – vacant land business ideas
Bees have a sting to remember, but it is often the honey that is most talked about and consumed all around the world. Construction of apiaries requires space, time, skilful staff, and more. Beekeeping is, in fact, a tough and hectic business, but if you have land and you cannot figure out a perfect business to start on empty land, then leasing it for beekeeping will not be a bad decision, far from it.
Antiques Market
Things from the past always delight us. Antique shops and their contents contain a wide range of usable items from the distant days, which are valuable, along with being expensive. Besides, most importantly, they are highly profitable for the shops. So, you can look up to an antique business as one of the best businesses to start on empty land.
Farmers’ market, by its very name, points out the market where the farmers are pivotal. The farmers’ markets are organic markets that encourage the sales of fresh produce from the farms to the end-users. This kind of marketing is highly encouraged now, where the users get the products that they deserve, and on the other hand, the farmers get their dues.
Yoga Studio
Yoga studio – vacant land business ideas
Yoga is one of the oldest practices, which originated in India and focuses on keeping the human body and mind fit and active. This ancient Indian practice was never lost and is seeing quite a revival in the present era that we are living in. Yoga works best where the mind is free and in unbridled contact with nature. This is why open grounds are preferred over a building floor or an artificial ground. Here’s where you can strike a deal with your open land. Leasing your land for a Yoga studio is something that you can seriously look into, in case you are looking for some inspiring land business ideas. This can be a profitable and one of the best ideas for small empty plots.
Parking Lot
The manufacturing of cars has increased over the years, and more and more of us are now opting for our cars instead of paying for car rentals. However, with the increase in cars, there is a constant demand for parking. Parking lots are comparatively fewer in number, and you can help in adding one more of them for the convenience of the society you live in. Leasing your land or turning it into a parking lot by yourself will help you earn all the proceeds that come from it!
Racing is one of the major sports activities. Whether it is a flat race by humans or races of bikes, cars, and any other animals like horses, dogs, etc., it needs a ground large enough to ensure smooth racing conditions and a wide space for the audience. Racing events are diverse and undoubtedly profitable. So, if you possess a piece of land, then using it for races is one of the most creative uses of vacant land that can help you earn money!
Agritourism
Agritourism is a portmanteau word made up of “agriculture” and “tourism.” Agritourism involves numerous activities usually carried out on a farm or a ranch that allow individuals and families to view and enjoy a wide range of rural activities. Agritourism is becoming a hugely popular activity among the masses of present-day societies. Turning your vacant land into a fine spot for agritourism is a prosperous plan indeed!
Electrical Substations
Electrical substations are essential in providing us with an adequate supply of electricity. Construction of electric substations requires a considerable amount of space, along with all the heavy equipment and machinery that is integral to a substation. Thus, if you own a large tract of empty land, then you can perhaps contribute to building an electrical substation.
Shooting for movies, short films, and television series needs photogenic locations. Exotic natural locations are tough to find and even pose a lot of restrictions; movie studios or sets, on the other hand, happen to be versatile and can be created to suit a wide range of moods, sets, and settings. These movie sets can be indoor and outdoor, while the latter provides much more room for customization. So, if you are ruminating on the creative uses of vacant land to make money out of it, then turning it into a film location would be a wonderful idea that would be lucrative, too!
Photos are always special to us. Besides, with the pace at which social media sites are moving, photos are getting the exposure that they never used to get before. We can always click photos anytime and anywhere, but clicking pictures in natural outdoor locations brings the best out of the photos. Creating photography sites needs land that can support a mix of natural and artificial structures, and here’s where the land you possess can be a great benefit.
Bird Watching
Bird Watching – Vacant land business ideas
If you have land to your name, then look out whether it is suitable for the birds because the birds deserve attention, and they get it when watched from a bird sanctuary. Bird watching is one of the best hobbies that people nurture and your spare land might also have the potential of being turned into a bird sanctuary that will yield quite a profit.
School Field Trips
School trips or excursions are what we like the most. School excursions are varied in nature and are modeled on the particular subject or the lesson that is meant to be taught through the trip. Such school field trips can be a memorable experience, truly, and the first thing they demand is enough space. So, why not put the land you have to some use and build it into a hub for a school field trip?
As a Collateral Asset
Money is something that all of us require every time, and in this age where everything is uncertain and we run the risk of getting our income reduced all the time, the value of land is ever-increasing. Therefore, if you are the owner of a piece of land, then it is always commendable to keep it safe with you so that you can also use it as a collateral asset in case the situation turns bad any day!
Resort/Villas/Tents/Tree Houses
Who doesn’t love to pay an occasional visit to resorts/villas or indulge in a weekend getaway that would involve tree houses and tent stays? Constructing a resort or villa with the land you have in your possession can stand as a game-changing idea if you are looking to opt for a land business that would be hugely beneficial.
Herbs make our food complete. There are numerous species of herbs that send us drooling. So, how about turning your vacant piece of land into an alluring herb garden, which will not only be a treat to the eyes of the tourists who visit there but also help in yielding fresh produce year after year?
Drive-in Theatre
Drive-in Theatre – Open Land Business Ideas
There are theatres that people can visit while they are in cars, and they can happily park them or watch their favorite movies or the best parts of their vehicles, too. Yes, it is a form of outdoor theatre that is rare now. However, a drive-in theatre has the potential to become a favorite. You can also contribute to that if you agree to lease out your land for open land business ideas to construct one of such theatres, or you can create one yourself and bring in a handsome profit.
Tiny House Estate
Most of us today advocate extravaganza or dream about living in extravagance. However, what we lack is a simple life. This is the reason why the tiny-house movement or small-house movement came into being, which advocates the downsizing of apartments and other living spaces, thereby promoting “living with less”. Yes, you can perhaps look at the brighter side of “living with less” by helping yourself construct a tiny house estate! Additionally, consider exploring business ideas on land to maximize its potential.
Rent/Lease it Out!
If you have a piece of land to your name, you can simply opt to rent it out to a bright prospect. Besides, if you cannot figure out what to do with the land you have, then it is quite lucrative if you simply rent it out because that will help you keep the land to yourself while accruing money on your behalf. You can give it some time and then decide on something permanent with the land.
We have parks for us, but what about our pets? Yes, our four-legged friends also enjoy outdoor activities almost as much as we do, if not more. This idea has been strongly supported, which is the reason why pet parks are rapidly coming into prominence. If you are not convinced of any land related business ideas that you have come across, then how about leasing or selling out your land to construct a pet park? Sounds great and one of the most creative uses of vacant land, right?
Harvest Timber
Harvest Timber – Vacant Land business ideas
Wood is essential for the survival of humanity, and so are the trees. Therefore, cutting down forests on a large scale would never be good for anybody. We need an alternative solution to the same. Harvesting trees for timber can certainly be one of the most promising alternatives to the conspicuous problem. This is what you can do with your land if you are wondering how to use vacant land to make money in India. Explore small business ideas for vacant land to maximize its potential. Starting a land-related business can be highly profitable with the right strategy.
Wind Energy
Onshore Wind Energy Installed Capacity in India
There are several profitable business ideas for land owners that can generate steady income and long-term value. Generating an alternative source of energy is commendable, but space is one of the fundamental requisites to be able to do so. For instance, if you have decided on the generation of wind energy, then firstly, you ought to have land that you can put to use, and then you should be equipped with all the machinery needed for the same. However, you can wilfully avoid the next part if you are ready with a piece of vacant land that can be sold or leased.
Pave a Biking/Walking Trail
Trail walking or biking are some of the most popular hobbies of the generation of now, which lead to a life that is almost sedentary. These activities are not only interesting but thrilling, to say the least. So, if you possess a piece of vacant land, then paving it for a biking or walking trail is one of the most desirable businesses to start on empty land. This can be a perfect business idea with land, helping you earn with a small investment.
Religions consist of a world of their own, which is very much palpable to all of us. However, retreating to a sanctuary that is overloaded with peace and divinity is the desire of many at the close of the day. This is why you can help turn your land into a spiritual sanctuary for tourists to rest and meditate for a while during their busy day.
Outdoor Art Installation
Turn your empty land into a cultural space by creating an outdoor gallery or art installation. You can charge visitors a fee or work with local advertisers to earn money while supporting local art and culture.
Pop-Up Facility
There are many creative ideas for small empty lots, such as setting up a food truck park, a pop-up market, or a community garden. Rent your land to local businesses or groups for special events like food truck festivals, farmers’ markets, craft fairs, fundraisers, or pop-up cinemas.
By charging a rental fee, you can earn money while supporting local businesses and bringing the community together. Your land can be used for different events all year round.
Sports Fields
Use your land to build sports fields for games like soccer, cricket, or baseball. Rent the fields to schools, clubs, or leagues.
You can also offer extras like equipment rentals, changing rooms, or a snack area.
Working with schools or clubs helps you earn money and supports the community by encouraging sports and fitness.
Paintball Facility
Paint Facility – Vacant Land business ideas
Wondering what to do with land that is vacant! Turn your empty land into a fun paintball center for group activities. Set up safe gear and exciting obstacle courses to give players a thrilling experience.
You can earn more by hosting tournaments, events, and renting the space for private parties. A good paintball center is great for team-building and popular with companies and youth groups.
Community Garden Plots
Turning vacant land into community garden plots can be a rewarding and profitable venture, especially in urban areas with limited green space. Renting out plots to locals allows them to grow fresh produce and enjoy nature. To add value, you can offer extras like tool rentals, composting facilities, and gardening workshops.
Hunting Property
If your land has deer or other wild animals around, you can turn it into a hunting business. Hunters will pay for permits, and you can offer extra services like guided hunts, camping, and equipment rentals. This can also help with wildlife conservation and teach people about safe hunting.
Concert Venue
Turn your open space into an outdoor concert venue and bring music and culture to the community. Host local and touring artists while earning from ticket sales, space rentals, and ads. Partner with food trucks and craft breweries to enhance the experience. A great concert space can support local artists and offer a fun entertainment option for everyone.
Landscape Supply Business
Turn your vacant land into a landscape supply business. Sell tractors, mowers, and other landscaping tools, with space for demos and testing. Offer gardening supplies like soil, mulch, and decorative stones to attract local landscapers and homeowners. This can be a great way to generate income while becoming a go-to resource in your community.
Nature Preserve
Turn your vacant land into a nature preserve where visitors can enjoy hiking trails, gardens, and peaceful ponds. Charge a small entry fee or earn through picnic areas, rental equipment, and guided tours. This not only generates income but also helps protect local wildlife and educate people about nature conservation.
Off-Grid Cabins
Off-grid cabins are eco-friendly, self-sustaining homes that operate independently of public utilities. They attract nature lovers, digital detox seekers, and eco-tourists looking for peaceful retreats. These cabins typically use solar power, rainwater harvesting, and composting toilets. They can be rented short-term for steady income or sold as ready-made tiny homes. This idea combines sustainable living with tourism and real estate.
Conclusion
If you have land but no money, there are still several ways to generate income, such as renting it out, starting a small business, or partnering with others for development. Hope this list of business ideas for vacant lands helps you! Remember, the suitability of these business ideas with land is dependent on various factors of the vacant land. So, make the most suitable & feasible decision.
Know any other unique business ideas that can be added to the list? If yes, please share your thoughts/opinions. [Contact: shubham@startuptalky.com]
FAQs
I have land what business can I start?
Somevacant land business ideas of the best business to start on empty land in village are:
Farming
Nursery
Athletic Fields
Solar Panel
Dairy Farm
Cell Phone towers
Vineyard
Farmers Market
Yoga Studio
Wind Energy
Is buying and selling land profitable?
Land can be used for residential as well as commercial investment. Buying and selling land can produce high profits.
What is the most profitable farming business?
The most profitable farming businesses are:
Agricultural Farm
Flower Business
Poultry Farming
Snail Farming
Fish Farming
What are some of the most lucrative landscape business ideas today?
If you are looking for landscape business ideas, then the below-mentioned landscape business ideas would be quite in demand today, thereby helping you earn decent revenues:
Interior landscaping service
Hydroseeding service
Pest control and weeding service
Landscape architecture service
Lawn care service
What are some unique garden business ideas?
Some of the easiest and most profitable garden business ideas are:
Backyard gardening
Herb growing
Flower growing
Vegetable farming
Seed selling
Fertiliser selling
Party organizing
Poultry farm
Beekeeping
Dog training
Photography/Videography
Airbnb
Yoga training
Is it legal to run a business from a residential property in India?
Yes, if it is your residential property, then you can easily run a business in India, as long as it is not an illegal business that you are thinking of. However, if it is another’s residential property, then running a business from it is illegal.
How to earn money from land in village?
You can earn money from land in a village by leasing it out for farming or livestock grazing or by developing it for agricultural or residential purposes. Additionally, consider setting up small-scale businesses like organic farming, eco-tourism, or establishing a local market on the land to generate income.
How to use empty land for business?
Making land pay for itself is possible if you decide on a business which you can utilize the land for. You can certainly use your vacant land for business purposes, which will help you obtain decent revenues and pay for your land.
What is the business to start on empty land India?
Use empty land for farming, rentals, sports fields, events, or fun spaces like paintball or outdoor galleries.
How to make money with land?
You can make money with land by leasing it, selling it, farming, or developing it for real estate.
What are creative ways to make money with land?
There are many creative ways to make money with land, from leasing it out to setting up unique experiences or services. Landowners can think beyond traditional farming and explore opportunities like eco-tourism, events, or renewable energy. With the right approach, even unused land can become a valuable income-generating asset.
Land ownership is a significant aspect of any country’s economy, and India is no exception. When it comes to land ownership in India, the Indian Government holds the largest share, as reported by Hindustan Times in 2017. However, an intriguing fact is that after the government, it is the Catholic Church of India, not the expected real estate moguls or industrialists, that owns the most land in the country. As a conglomerate of Christian trusts and charitable societies, the Church has a vast network, including bishops, priests, brothers, and sisters devoted to spreading the message of Christianity.
In this article, we will explore the value of the land owned by the Catholic Church and delve into how they have amassed such extensive holdings throughout history. Additionally, we will address the various issues and considerations surrounding their land ownership. Join us as we uncover the fascinating aspects of this topic.
The Catholic Church of India – Biggest Landowner in India after the government
The Catholic Church of India holds the distinction of being the largest non-agricultural landowner after the government. With numerous properties across the country, its total valuation amounts to a significant sum, approximately equivalent to India’s navy budget at that time (approximately 20,000 crore rupees). Additionally, the Catholic Church of India stands as one of the largest non-government employers in the country.
This can be seen by the fact that the Catholic Church of India owns many properties spread across various parts of the country, be it Goa on the western side of India or, say, Kohima in Northeast India. The Catholic Church in India is governed by the Catholic Bishops’ Conference of India (CBCI) and is led globally by Pope Francis, the most influential Christian religious figure. As per a 2012 The Telegraph-Calcutta report, they have around 2457 hospital dispensaries, 240 medical or nursing colleges, 28 general colleges, 5 engineering colleges, 3765 secondary schools, 7319 primary schools, schools and 3187 nursery schools throughout India. It is the second largest owner of land in India after the Indian Government.
They have also made forays into agricultural land. For example, in 2009, they acquired a plantation worth 123 crore rupees in Kerala.
This is mainly through the Indian Churches Act of 1927, established by the British dominion back then. The British dominion leased the lands they had captured due to their various wars at cheap rates to help them spread Christianity to the masses. Through this, they managed to acquire land throughout India and opened various institutions, be it religious institutions, as mentioned above, to spread their message to the masses. The legality of the land is still debated.
One specific tactic that is noticed in the land owned by the Catholic Church of India is while they do have land spread across various cities, they also tend to own religious institutions in small villages, and soon these institutions themselves become an epicentre, a revolving point around which the whole village operates, either directly or indirectly through say the hospitality business, travels or so on.
A good example of this is the Velankanni Church in Tamil Nadu, about 150 km from Tiruchirapalli and 310 km from Chennai. While the small village is just around 5.5 square km, the whole village is dependent on a large church built specifically for Mother Mary, who gave birth to Jesus.
This church has been one of the major reasons for the development of Velankanni as a whole, especially as a tourist destination. This theme can also be found in other parts of India, such as Andhra Pradesh and Chhattisgarh.
Goa is a unique case altogether, considering it was a part of Portugal until 1961. The Portuguese gave them a lot of liberty to the Catholic Church as early as the 1500s, for example. One of the first Jesuit schools in India was established in 1542 at Goa by the name of St. Paul’s College. While it was stopped due to the 1578 plague, its ruins are still considered of paramount archaeological importance.
Issues Faced by the Catholic Church in India Regarding Ownership
Eduardo Faleiro
The ownership of land assets by the Catholic Church in India has been a subject of scrutiny and contention, giving rise to several issues. One major concern is the legality of the Church’s land holdings. While the Government of India issued a circular in 1965 stating that leases granted by the British government would not be considered valid, there has been a lack of consistent enforcement of this directive.
The lack of transparency surrounding the ownership of Church properties has also been a subject of concern within the Catholic community. Prominent Catholic politician Eduardo Faleiro has emphasized the need for a separate law governing Church properties and greater transparency in managing these assets. This highlights the ongoing discussions and efforts to address the transparency and legal aspects of Church property management.
He strongly emphasized that he believes that “The Church is not a symbol of power but service, and democratic laws must apply to it equally”.
The Catholic Church in India has also faced allegations of involvement in land scams. One notable incident occurred in 2018 when authorities from the Syro-Malabar Catholic Church, a specific sect within the Catholic Church in India based in Kerala, were accused of being engaged in transactions involving unaccounted or black money. Such cases have raised concerns about financial impropriety and the need for stricter measures to prevent fraudulent practices.
Additionally, the sheer scale of the Church’s land ownership has raised questions about its social and economic implications. The Catholic Church of India is considered one of the largest non-government landowners, and the total valuation of its land assets is estimated to be equivalent to substantial sums of money. This concentration of land resources has prompted discussions on equitable distribution and the potential impact on local communities and development projects.
The complex issues surrounding land ownership and management within the Catholic Church in India highlight the need for greater transparency, adherence to legal frameworks, and ethical practices. Efforts to address these challenges may involve implementing stronger regulations, promoting accountability, and ensuring fair and equitable utilization of land resources.
Top 10 Landowners in the World
Conclusion
This article provides an overview of the Catholic Church of India’s status as the biggest landowner in India after the government. It explores the historical factors contributing to this ownership and sheds light on the legal and transparency concerns surrounding their land assets.
Who are the prominent landowners in India, apart from the government?
Some prominent landowners in India, apart from the government, include:
Catholic Church of India
Indian Railways
Indian Armed Forces
Waqf board Property
State Governments
Corporate entities and industrialists
Agricultural and farming communities
Non-governmental organizations (NGOs) and trusts
Who owns most land in India after the government?
The Catholic Church of India is the largest landowner in India after the government. It owns roughly around 20,000 crore to 50,000 crore rupees of land.
Who is the largest landowner in the world?
Roman Catholic Church is the largest landowner in the world; it owns around 70 million hectares of land.
How did the Catholic Church of India become one of the largest landowners in the country?
The Catholic Church of India acquired land over many years through various means, including donations, purchases, and historical leases.
How does the Catholic Church of India acquire and manage its land assets?
The Catholic Church of India acquires land through donations, purchases, and historical leases. The management of its land assets is overseen by various trusts, societies, and church authorities.
Are there any legal or regulatory challenges regarding the ownership of land by the Catholic Church?
Yes, there have been legal and regulatory challenges regarding the ownership of land by the Catholic Church, including disputes over ownership, leases, and the validity of historical agreements.
Who is the second largest property owner in India?
Armed Forces are the second largest landowners in India.
Who is the third largest owner of land in India?
Waqf boards are the third largest landowners in India.
How much property is owned by the Waqf Board?
As of December 2022, the total number of Waqf immovable properties entered on the WAMSI portal is 8,65,646. Additionally, 3,53,850 Waqf properties have been mapped using GIS (Geographic Information System) technology.
The business of real estate is serious business and today, it has almost become a gold mine. Truth be told, there are many entrepreneurs who have tapped into it and are making millions. People are always on the lookout to buy houses and buildings and are either looking to buy or rent.
The real estate sector is expected to grow at a 2.69% annual rate (CAGR 2025-2029), reaching a market value of $727.80 trillion by 2029. It is for this reason that this industry stands with a lot of business opportunities.
We get many people in our community asking about real estate business ideas. if you are here probably you are looking for the one. You may not know this but there are niches within the industry of real estate that are untapped. If by any chance, you are eyeing this industry for a long time and are on the lookout for a suitable opportunity to tap into it, here are 12 Real Estate business ideas in India that you should consider.
Market size of the real estate industry in India in 2015 to 2022, with estimates until 2047
Property Management
Property management in real estate involves maintaining relationships with landlords, tenants, and contractors while handling legal and financial aspects. It requires a real estate lawyer to verify documents, contractors for maintenance and repairs, and an accountant to manage transactions. To simplify operations, businesses can use an online property management platform for secure and efficient management. Many real estate software companies offer customized solutions to streamline tasks and improve efficiency.
Real Estate Development Or Construction
This is a multifaceted real estate business idea, which is known to encompass activities that range right from the re-lease and renovation of the existing buildings to the sale of the improved land to the purchase of raw land. If you have the financial gene in you and a good team, it is recommended that you should venture into the development or construction of real estate.
Real Estate Management Company
Now, even if you don’t want to venture into the development and construction of the real estate, all is not lost. You can still be in the industry as a real estate management company.
Many people who own multiple properties find it hard to keep track of everything on those properties let alone manage them. In this case, it will be the job of your company to maintain as well as manage the property of your clients and that too, on a commission basis while making sure that the cash flow from the client’s property stays positive. It is a profitable business related to real estate.
Property Styling
Do you know that the property stylists are professionals who are known to prepare buildings for sale or rent? Yep, that’s true. Such business does exist. If you are a property stylist, you will be called upon to add finishing touches to any house or building that is available for sale or rent, so as to make the house or building visually appealing to the customer.
Of course, who hasn’t heard of the term ‘Interior Design’? As an Interior Designer, you will be expected to beautify the internal aspects of the house. If you are interested, you too can join the team of those who are known to specialize in designing the spaces in the homes of the people while earning a living from it.
Personalized Services
One of the most innovative real estate relatad business ideas on the list is personalised services. There is nothing that will beat the idea of personalizing the services for the customers. Do note that it is extremely important to recognize the individual differences among the clients and based on that, you can offer numerous services that will suit their unique needs. Keeping this in mind, you can start a business that gels up with the customers and solve all their real estate related problems.
Real Estate Business In India
Renovation And Repair
There have been a lot of natural calamities and disasters in recent years. Based on that, it would be a good idea if you manage to provide repair as well as construction services along with your real estate or property business. It goes without saying that this growing market will surely bring a whole lot of profit to your company.
Environmental Design
Now, this is a trend that has going on during recent years and has been dominating quite a scene. A home that is not only environment-friendly but is also designed to help lower the consumption of electricity is something which will attract the customers in hordes.
If you can somehow come up with an innovative idea and also make it visually appealing, people will be ready to give you whatever you will quote. Be sure to include such features in your homes too.
Online Real Estate Marketing
This is a property business idea that you can start with a low investment. You can offer online marketing services for real estate brokers as well as for agents. By doing this, you will be helping them in running online marketing campaigns through various media channels. If you have a background in online marketing, then, all the more reason to deviate towards this business idea.
It is the architects who are known to draw as well as design houses and other structures before they are begun to be built physically. Today, the field of architecture has seen a huge advancement with the introduction of 3D design software packages such as AutoCAD. If you have an eye for design, then you can opt for this business idea by helping people come up with great designs.
Real Estate Appraisal Business or Valuation Company
This is another niche into which you can tap. Now, many know that by merely seeing a property, it is quite impossible to tell its true valuation. If you are experienced enough can tell the actual value of any property, then you can start this business. You will be expected to determine the estimate of what the property is worth before it is bought or sold by your client.
You can manage short-term rental properties for owners who are not around by handling listings, reservations, guest communication, cleaning, and repairs. This business works well in vacation spots like mountain homes or lake cabins, helping owners rent out their properties without hassle. With the rise of platforms like Airbnb, starting a vacation rental management business can be a great way to earn money.
Landscaping Business
Landscaping businesses help design and maintain outdoor spaces by planting trees, mowing lawns, and setting up irrigation systems. This hands-on real estate related business includes planting greenery, shaping land, and keeping outdoor areas neat to improve beauty and property value. Services can also include building patios, walkways, or ponds. With low startup costs and a growing demand for landscaping, this business can be a profitable opportunity for both residential and commercial properties.
Conclusion
Keep in mind that there are numerous property ideas and opportunities in the real estate industry, and if you have the passion, know-how and the required capital, you will never go wrong with any of these real estate business ideas in India.
FAQs
What is a real estate business?
A real estate business is a business that involves buying, selling or renting properties. A real estate agent assists buyers in helping buy or sell their houses.
How much does it cost to start a real estate company?
When starting a real estate company, you require at least $5000 to $10,000 but some entrepreneurs have also started their real estate business for less than $1,000.
How to start real estate business in India?
Confirm the regulations in your state before getting started.
Choose a unique business name.
Prepare a business plan.
Build your team.
File an Article of Organization with your state.
Create an operating agreement for the business.
Publish an intent to file (if required in your state).
Apply for a tax identification number through the IRS.
What is the future of real estate in India?
The real estate sector is expected to grow at a 2.69% annual rate (CAGR 2025-2029), reaching a market value of $727.80 trillion by 2029.
What are opportunities in real estate business in India?
Real estate in India offers great opportunities in residential, commercial, and rental properties. Key areas include affordable housing, co-living spaces, property management, real estate tech (PropTech), and vacation rentals. With urbanization and rising demand, investing in real estate development, brokerage, or REITs can be highly profitable.
Hyderabad (Telangana) [India], January 30: In a rapidly evolving real estate landscape, NearEstate.in, a rising star in India’s PropTech sector, has achieved a significant milestone—surpassing 2,000 property listings on its immersive virtual platform. With its innovative RealView360° technology, the startup is setting new standards for how buyers, sellers, and investors engage with properties, bringing the power of 360° virtual tours to the forefront of real estate transactions.
This achievement underscores NearEstate.in’s commitment to bridging the gap between traditional real estate practices and cutting-edge digital experiences. As Indian property markets embrace remote accessibility and digital-first engagement, the startup is transforming property discovery into a seamless, interactive, and transparent process.
Bridging the Gap Between Buyers and Sellers
For years, real estate transactions have been marred by time-consuming site visits, inconsistent listings, and a lack of transparency. NearEstate.in’s RealView360° technology addresses these issues head-on by enabling potential buyers to virtually explore homes in high-definition, 360° immersive detail—eliminating the need for excessive travel and guesswork.
Interactive Virtual Walkthroughs: Users can navigate properties remotely, experiencing layouts, interiors, and design elements in an authentic and life-like manner.
Neighborhood Insights: The platform integrates geospatial mapping, allowing buyers to explore nearby schools, healthcare facilities, shopping centers, and public infrastructure.
Remote Buyer Engagement: Whether a first-time homebuyer in Mumbai or an NRI investor in London, users can shortlist and evaluate properties without stepping foot in India.
“Crossing 2,000 listings is a strong validation of our mission to revolutionize property exploration,” says Mr. VenkataRamana Guddeti, Founder of NearEstate.in. “This is more than just a number—it’s proof that buyers, sellers, and developers are ready to embrace a digital-first real estate experience that saves time, builds trust, and enhances decision-making.”
Catering to Global & Domestic Real Estate Markets
The demand for real estate in India remains strong both domestically and internationally, particularly among NRIs looking to invest in metropolitan cities. With NearEstate.in’s RealView360°, global buyers can now experience properties in Hyderabad, Bangalore, Pune, and Chennai from the comfort of their homes—no flights required.
“RealView360° removes geographical barriers,” adds Mr. Rajesh Myakala, Co-Founder and CEO of NearEstate.in. “We are enabling real estate professionals and sellers to present their properties to a global audience, ensuring that buyers get a real sense of what they are investing in—even from miles away.”
Unlocking Value for Developers & Realtors
For real estate developers, brokers, and agents, NearEstate.in is more than just a listing platform—it’s a marketing powerhouse that elevates how properties are presented to prospective buyers.
Higher Buyer Engagement: Properties with 360° virtual tours receive twice the inquiries as traditional listings.
Increased Conversion Rates: Buyers make more informed decisions, reducing the need for multiple in-person visits and improving transaction efficiency.
Competitive Differentiation: In a crowded market, developers and agents leveraging NearEstate.in gain a distinct technological edge over traditional listings.
Growth & Future Roadmap
As a DPIIT-recognized startup under Startup India (DIPP165602) and a leading T-Hub incubated venture, NearEstate.in has rapidly expanded its presence across India’s key property markets, with a strong focus on Hyderabad, Bangalore, Pune, Chennai, and Mumbai.
Looking ahead, NearEstate.in is set to roll out augmented reality (AR) features, allowing buyers to customize interiors virtually and visualize spaces in different layouts. The startup is also exploring AI-driven property recommendations and blockchain-backed transactions to enhance security and transparency in real estate dealings.
“This milestone is just the beginning,” says Guddeti. “With emerging technologies like AR and AI, we are committed to making NearEstate.in the most innovative and trusted PropTech platform in India.”
About NearEstate.in
NearEstate.in is a leading PropTech startup based in T-Hub, Hyderabad, dedicated to transforming India’s real estate sector through VR and geospatial mapping technologies. Its flagship platform, RealView360°, enables buyers to explore properties in unparalleled virtual detail, helping developers and agents showcase listings with advanced digital marketing solutions.
You may have heard of the DLF conglomerate, but definitely, with great chances you may not have any idea of who Kushal Pal Singh is. Of all the billionaires in our land, it was K.P. Singh, the billionaire real estate developer, who sat 8th spot at the top, according to Forbes Richest World’s Billionaires list in 2008. He ranks as India’s 12th richest person as per the Forbes India Rich List of 2024.
K.P. Singh has constructed many earthquake-proof apartments, shopping malls, office spaces, and other leisure facilities in Gurugram. When K.P. Singh was the Chairman of DLF Limited, the company floated an IPO in 2007, which was one of the largest IPOs in India, raising about $2.24 billion. With the increase in the market capitalization of the company to more than $25.15 billion (as of December 2024), Singh and his family became one of the richest families in the world.
In this article, learn more about real estate mogul Kushal Pal Singh, including his education, career, net worth, family, awards, and more.
Kushal Pal Singh Biography
Name
Kushal Pal Singh
Born
August 15, 1931
Birthplace
Bulandshahr, Uttar Pradesh, India
Nationality
Indian
Education
Graduated in Science from Meerut College, Aeronautical Engineering from the UK
Profession
Billionaire Real Estate Developer DLF Limited CEO and Chairman of DLF Limited
Military Career
Served in the Indian Army (1951-1960)
Unit
Deccan Horse
Rank
Captain
Spouse
Indira Singh
Children
Rajiv Singh (son) Renuka Talwar (daughter) Pia Singh (daughter)
K.P. Singh was born in August 1931 in Bulandshahr, UP in a typical Tewatia Jat family. His father, Chaudhary Mukhtar Singh, was a renowned lawyer in Bulandshahr. After pursuing his science degree from Meerut College, K.P. Singh pursued aeronautical engineering in the UK and was selected into the Indian Army by the British Officers Services Selection Board. He was commissioned to join the Deccan Horse in 1951. In 1960 he joined the American Universal Electric Company and once it merged with DLF Universal Limited in 1979 he became the MD.
Kushal Pal Singh – Family
K.P. Singh was married to Indira Singh, the daughter of Raghavendra Singh, the founder of DLF Limited. Singh lost his wife, Indira Singh, to cancer in 2018. He has one son Rajiv and two daughters, Renuka and Pia together with his wife.
Rajiv later succeeded K.P. Singh as the Chairman of the DLF Group in 2020. Kavita, wife of Rajiv, became an advisor to DLF Commercial Developers Ltd. in November 2002 and was also made Advisor to DLF Universal Ltd. in 2011. They have two daughters, who are working in the company.
K.P. Singh’s elder daughter is married to G.S. Talwar, a non-executive director in the company. They have a son Rahul who is also a part of DLF India Ltd, but as a management trainee. K.P. Singh’s youngest daughter Pia is a full-time Director on the board of DLF Limited.
In 1960, K.P. Singh joined the American Universal Electric Company where he gained invaluable insights into the world of business. Post which, in 1979 he joined as joint MD as the director of DLF Universal Limited with Chaudhury Raghuvender Singh, his father-in-law. Under their joint leadership, the company became a prominent player in the real estate industry.
He played a major role when it came to shaping the future of DLF Limited. In 1970, he set his ambitious plan into action and started buying and developing property in the Gurgaon area. He envisioned Gurgaon (now Gurugram) to be a satellite city where international companies would race to set up their operations. He acquired over 3500 acres of land in the area and with his prowess in the real estate field the company transformed the city of Gurugram into an up-and-coming business hub with multiple apartments, offices, shopping malls, and leisure spaces.
In the 1990s GE became one of the biggest international corporations to lease an office space in the area which now came to be known as DLF City. With India becoming the top outsourcing destination other international brands such as IBM, American Express, British Airways, and Nestle became the tenants of DLF.
With Singh at the helm of DLF, it expanded far beyond Gurugram with its shopping malls, apartments, and hotels. In 2007, under K.P. Singh’s leadership, DLF Limited launched an initial public offering (IPO) that raised approximately INR 9,188 crore (about $2.25 billion) by selling 17.5 crore shares at INR 525 each.
Kushal Pal Singh – Controversy
In 2016, K.P. Singh was one of the high-profile names that were leaked from the Panama Papers. These comprised 11.5 million confidential documents developed by the Panamanian corporate services provider Mossack Fonseca. Singh, his wife, son, daughter Pia, and her husband Timmy Sarna were all named as those who set up offshore companies in the British Virgin Islands.
Kushal Pal Singh – Awards and Recognition
Kushal Pal Singh Receiving Padma Bhushan Award
2000: The Samman Patra Award, conferred by the Government of India for being one of the top taxpayers of the Delhi region
2008: Recognition by Forbes magazine as the richest real estate baron and 8th richest person in the world
2008: A special award conferred by NDTV, at the Indian of the Year Award Function for his contribution towards the growth of the Indian economy
October 2010: Decoration of Officer of the Order of St. Charles, conferred by Prince Albert II of Monaco for his contributions as Honorary Consul General of Monaco in Delhi for the previous two decades.
January 2010: Padma Bhushan Award, Government of India.
Delhi Ratna Award by Delhi Government, for his valuable contribution to the development of Delhi.
2011: Entrepreneur of the Year award at The Asian Awards
2024: Singh and Aparna Jain’s book Why the Heck Not? was published
Kushal Pal Singh is an Indian billionaire real estate developer and the former chairman of DLF Limited. He is currently the Chairman Emeritus of DLF.
What is Kushal Pal Singh’s education?
K.P. Singh completed his science degree from Meerut College and then pursued aeronautical engineering in the UK.
What awards has Kushal Pal Singh received?
He received the Padma Bhushan in 2010, Forbes recognition as the 8th richest person in the world in 2008, the Entrepreneur of the Year award in 2011, and more.
Info Edge (India) Limited is a pioneering Indian technology company renowned for its diverse portfolio of online businesses and strategic investments.
Its flagship platform, Naukri.com, is one of India’s largest online job portals, complemented by other innovative platforms like 99acres.com for real estate classifieds, Jeevansathi.com for matrimonial services, and Shiksha.com, an education-focused portal. Info Edge’s operational excellence is amplified by its strategic approach to digital advertising, subscription-based services, and premium offerings tailored to meet the evolving needs of users and businesses alike.
Beyond its core platforms, Info Edge has a robust track record of identifying and nurturing high-growth ventures and the company has made notable investments in transformative startups, demonstrating a sharp eye for innovation and long-term value creation.
In this Startuptalky, we will learn more about Info Edge’s success story, its founders, business model, innovative revenue model, growth, challenges, investments, strategic partnerships, and more.
Info Edge, a trailblazer in India’s consumer internet space, has been shaping the online classifieds market for nearly three decades. Established on May 1, 1995, as Info Edge (India) Private Limited, it transitioned into a public limited entity on April 27, 2006. The journey began with Naukri.com, India’s first online recruitment portal and since then, the company has carved a remarkable path, expanding into diverse sectors like matrimony, real estate, education, and more.
What sets Info Edge apart is its culture of innovation and entrepreneurship, backed by a seasoned leadership team and a sharp focus on leveraging technology. With a footprint spanning 62 offices across 43 Indian cities and a workforce of over 4,000 professionals, the company thrives on creating cutting-edge products and solutions. From integrating mobile-first strategies to harnessing the power of social media, Info Edge remains at the forefront of digital transformation.
The company’s reach isn’t limited to India. Through NaukriGulf.com, Info Edge has ventured into international markets, establishing a presence in key Gulf regions with offices in Dubai, Bahrain, Riyadh, and Abu Dhabi. Whether driving recruitment, enabling property searches, or facilitating lifelong partnerships, Info Edge continues to redefine how online platforms serve users, setting the standard for excellence in the industry.
Info Edge – Industry
India’s real estate sector is a powerhouse, ranking second globally in generating employment and significantly contributing to the nation’s GDP. Currently accounting for around 5% of the GDP, this industry is projected to soar to a staggering $1 trillion by 2030. By 2025, its share in the GDP is expected to rise to an impressive 13%, underscoring its critical role in the country’s economic landscape.
The growth trajectory of Indian real estate has been remarkable, with the sector expanding at an annual rate of approximately 30%. This upward momentum is fueled by the booming outsourcing industry, which encompasses technical consultancy, medical transcription, and call centers. These sectors alone have driven the demand for an additional 10 million square feet of real estate, further propelling the industry’s expansion.
Info Edge – Founders and Team
Sanjeev Bikhchandani
Sanjiv Bikhchandani – Founder and Executive Vice Chairman, Info Edge
Sanjiv Bikhchandani is the Founder and Executive Vice Chairman of Info Edge.
Sanjeev’s journey began in Delhi, where he graduated from St. Columba’s School in 1981. He pursued a Bachelor’s degree in Economics from St. Stephen’s College, Delhi, in 1984, followed by an MBA from the Indian Institute of Management (IIM) Ahmedabad in 1989. His entrepreneurial spirit led him to leave a marketing role at Hindustan Milkfood Manufacturers (now GlaxoSmithKline Consumer Healthcare India) in 1990 to embark on his ventures.
Initially venturing into pharmaceutical trademarks and salary surveys, Sanjeev founded Info Edge in 1995. Two years later, he launched Naukri.com, a pioneering jobs portal hosted on an Indian server. The platform quickly gained traction and by 2005, it was India’s largest web-based employment site. Info Edge expanded its portfolio with platforms like 99acres.com (real estate), Jeevansathi.com (matrimony) and Shiksha.com (education).
Beyond his success with Info Edge, Sanjeev is an accomplished investor, backing unicorns like PolicyBazaar and Zomato. He also supports budding innovators as part of the ‘Vision Circle’ of FYI (Foundation for Young Innovators), a unique initiative encouraging high school students to develop social enterprises.
Hitesh Oberoi is the Managing Director and CEO of the company.
Hitesh Oberoi, an accomplished leader in the internet industry, serves as the Co-Promoter, Managing Director, and CEO of Info Edge, the company behind iconic platforms like Naukri.com, 99acres.com, and Jeevansathi.com. With nearly two decades of experience in the internet space, Hitesh has been instrumental in shaping India’s digital ecosystem.
Before joining Info Edge, Hitesh spent almost four years at Hindustan Unilever Limited, where he worked as Regional Planning and Distribution Manager for the Ice Cream Division. His strong academic foundation includes a B.Tech from IIT Delhi (1994 batch) and an MBA from IIM Bangalore.
Hitesh’s contributions extend beyond business operations. He is a charter member of TiE (New Delhi) and has previously served as Chairman of the Internet and Mobile Association of India (IAMAI). He is also a founding member of the Board of Trustees at Ashoka University, further reflecting his commitment to fostering education and innovation.
Info Edge – Startup Story
Info Edge was founded by Sanjeev Bikhchandani in 1995, initially by reproducing classified ads from newspapers on its website. Together with Hitesh Oberoi and their CFO, Ambarish Raghuvanshi, Sanjeev built Info Edge into a dotcom enterprise that, by 2008, employed 1,500 people, generated revenues of INR 273 crores and boasted a market capitalization of INR 2,100 crores. Info Edge’s flagship platforms include Naukri.com, Jeevansathi.com, Brijj.com, 99acres.com, and Shiksha.com.
Reflecting on the early days, Sanjeev recounted the challenges, including the difficulty of securing an INR 30,000 bank limit in 1991. At the time, Naukri was a small operation and he realized the need for like-minded individuals and a fundamentally different business model. That’s when Hitesh joined the journey.
Hitesh, then working at Hindustan Unilever, considered an offer to join a new venture started by Pradeep Kar of Microland. However, after consulting with Sanjeev, who suggested he consider joining Naukri instead, Hitesh decided to take the leap. He set up operations from Sanjeev’s home and took charge of marketing. Drawing from his commercial experience, Hitesh hired a few sales representatives who sold annual subscriptions for INR 6,000. By investing INR 20,000 per salesperson, including office costs, they were able to generate INR 50,000 in revenue per hire. Realizing the profitability of this model, the team continued scaling the salesforce, which eventually became a cornerstone of the company’s growth. Today, Naukri.com is responsible for one in three lateral hires in corporate India.
Ambarish Raghuvanshi, who became the third pillar of Info Edge, joined after Sanjeev persuaded him to consider the company’s headhunting division. At the time, Ambarish had taken voluntary retirement from Bank of America and was exploring new opportunities. Sanjeev convinced him to lead the financial services practice within the headhunting division and later invited him to take on the role of CFO—a position Ambarish accepted, bringing fiscal discipline that gained recognition in the stock market.
Sanjeev described his decision to bring Hitesh on board as pivotal, recognizing his energy, ambition, and willingness to leave a stable corporate job to join a startup. These qualities reminded Sanjeev of himself a decade earlier. He emphasized that the team’s hiring philosophy evolved, prioritizing values such as teamwork, competence, humility, and an entrepreneurial spirit while steering clear of self-promoters and those unwilling to share credit.
Under Sanjeev’s leadership, Info Edge launched Naukri.com in 1997 with support from family and friends, followed by Jeevansathi.com in 1998, 99acres.com in 2005, and Shiksha.com in 2008. The company went public in 2006 under the ticker symbol “Naukri” and expanded its reach with ventures like NaukriGulf.com in 2006 and FirstNaukri.com in 2009 for campus recruitment.
Info Edge – Mission and Vision
Vision Info Edge envisions creating world-class platforms that transform lives, empowering individuals and organizations through innovative and impactful solutions.
Mission Info Edge strives to continuously delight its customers in both current and new businesses by delivering superior value through enhanced offerings on the internet and other platforms.
Info Edge – Name, Tagline and Logo
Info Edge Logo
The sleek and modern design of Info Edge’s logo mirrors its forward-thinking approach and innovative spirit. Its carefully chosen color palette conveys trust, stability, and dynamism—qualities integral to the company’s identity. Each element of the logo is thoughtfully crafted to resonate with their core values: customer delight, entrepreneurship, knowledge, results, and trust.
Info Edge Tagline: The tagline “Transform Lives” reflects Info Edge’s unwavering commitment to making a meaningful impact. Through platforms like Naukri.com, Jeevansathi.com, and 99acres.com, they connect job seekers with opportunities, help families find compatible matches, and assist in real estate transactions. These endeavors empower users and foster positive transformations in their lives.
Info Edge – Business Model
Info Edge is a leader in the recruitment sector with platforms such as:
Naukri.com: A premier employment website catering to job seekers and recruiters.
Naukrigulf.com: A job portal tailored to the Middle East market.
Quadrangle: An offline executive search service connecting top talent with organizations.
FirstNaukri.com: A dedicated platform for fresher hiring, bridging the gap between employers and new graduates.
The company has extended its expertise into real estate, education, and matrimony through:
99acres.com: A comprehensive real estate classifieds platform for buying, selling, and renting properties.
Shiksha.com: An educational portal aiding students in making informed decisions about courses and institutions.
Jeevansathi.com: An online matrimonial service facilitating meaningful connections.
Info Edge has made strategic investments in numerous successful online ventures, including:
Zomato: A leading food delivery and restaurant discovery platform.
Policybazaar: An innovative insurance aggregation and comparison service.
Shopkirana, Shipsy, Gramophone, and Adda247, among others, expanding their footprint in diverse digital domains.
Info Edge – Revenue Model
Info Edge is an Indian technology powerhouse with a diversified revenue model built on multiple streams that capitalize on its robust online platforms and strategic investments.
Info Edge Revenue Breakdown
Advertising Info Edge leverages display ads, sponsored listings, and banner advertisements across its websites, such as Naukri.com and 99acres.com, to generate substantial revenue from advertisers seeking to reach its vast user base.
Subscription Fees These features, offered on platforms like Naukri.com and 99acres.com, include premium search tools, analytics, and targeted user engagement functionalities.
Premium Services These include profile boosters for job seekers and premium matchmaking services on Jeevansathi.com.
Strategic Investments Info Edge’s forward-looking investment strategy involves holding minority stakes in successful ventures like Zomato and PolicyBazaar.
Info Edge – Challenges Faced
Writing Off Investments Info Edge recently wrote off an investment of INR 276 crore in 4B Networks. This decision was driven by concerns over the company’s sustainability, high cash burn rate, and difficulties in raising capital, reflecting the challenges of managing portfolio investments in dynamic markets.
Slowdown in IT Hiring As the operator of Naukri.com, Info Edge has been affected by reduced hiring activity in the IT sector. This slowdown is attributed to softer demand within the IT industry, impacting one of the company’s core revenue streams.
Evolving Consumer Preferences Meeting the rapidly changing preferences of users has been a persistent challenge. Info Edge has had to focus on creating products that are device-agnostic and adaptive to modern consumer behavior, which requires continuous innovation and agility.
Quarterly Financial Performance Info Edge has encountered challenges in its quarterly financial results, including a decline in profit and earnings per share (EPS). This underscores the difficulty of balancing growth with operational efficiency in fluctuating economic conditions.
Info Edge has made investments in the following companies:
Date
Name
Funding Round
Money Raised
November 7, 2024
Nexstem
Seed Round
$3.5 million
August 30, 2024
Clean Electric
Series A
Rs. 48.5 crore
July 27, 2024
Gnani.ai
Series A
Rs. 30 crore
May 16, 2024
Gramophone
Venture Round
Rs. 15 crore
October 1, 2023
RayloT Solutions Inc.
Seed Round
$400K
September 4, 2023
Sploot
Seed Round
$800K
July 10, 2023
BrainSightAI
Venture Round
Rs. 99 lakhs
April 4, 2023
Stealthed
Pre Seed Round
Rs. 5 crore
January 24, 2023
Gramophone
Corporate Round
Rs. 9.31 crore
October 1, 2022
Adda247
Series B
Rs. 280 crore
Info Edge – Acquisitions and Mergers
Info Edge has acquired the following companies:
Acquiree Name
Date
Price
Coding Ninjas
Oct 6,2022
Rs. 140 crore
Aisle
Jan 24, 2022
Rs. 150 crore
DoSelect
July 6,2021
Rs. 21 crore
Zwayam
Jun 14, 2021
Rs. 61 crore
iimjobs.com
May 28,2019
Rs. 91 crore
Ambition Box
Apr 13, 2017
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Info Edge – Growth
Info Edge Financials
2023
2024
Operating Revenue
INR 2345 crore
INR 2536 crore
Total Expenses
INR 1858 crore
INR 1830 crore
Profit/Loss
INR -70 crore
INR 594 crore
In FY23, Info Edge reported an operating revenue of INR 2,345 crore, which grew by 8.2% to INR 2,536 crore in FY24. Total expenses decreased slightly from INR 1,858 crore in FY23 to INR 1,830 crore in FY24, a 1.5% drop. The company moved from a loss of INR 70 crore in FY23 to a profit of INR 594 crore in FY24, showing significant financial improvement.
Info Edge Financials FY24
Info Edge – Advertisements and Social Media Campaigns
Advertising and Marketing Strategies:
CTV Advertising and Live Sports Marketing: Info Edge used CTV advertising and live sports marketing for its brand 99acres.com, targeting a male audience interested in buying or renting homes.
Co-branded Vignettes: For Naukri.com, Info Edge partnered with CreativeWorks to create a co-branded vignette for the Hotstar Special Ghar Waapsi.
Revenue Streams:
Display Ads, Sponsored Listings, and Banners: Info Edge generates revenue from advertising on its platforms, including display ads, sponsored listings, and banners across websites like Naukri.com and 99acres.com.
Subscription Fees: Info Edge collects subscription fees from employers and real estate agents who pay for advanced features and tools on Naukri.com and 99acres.com.
Premium Services: Info Edge offers premium services such as Naukri FastForward and Jeevansathi eAdvantage, which are available for a fee.
Info Edge – Awards and Achievements
Info Edge has been awarded with the following awards:
World’s Best Workplaces 2024
ICAI Excellence Award 2015
Info Edge – Competitors
Some competitors of Info Edge (India) Ltd include:
Just Dial Ltd
Matrimony.com Ltd
IntraSoft Technologies Limited
Jupiter Infomedia Limited
PB Fintech Ltd
Affle (India) Ltd
Tanla Platforms Ltd
Info Edge – Future Plans
Info Edge (India) is projected to experience robust growth, with earnings expected to grow by 37.6% per annum and revenue increasing by 13.7%-13.8% annually. Additionally, Earnings Per Share (EPS) is forecast to rise by 31.8% per year, with a projected Return on Equity (ROE) of 4.7% over the next three years. This optimistic outlook aligns with the company’s strategic investments and diversified portfolio, including Naukri.com, 99acres, and stakes in Zomato and PolicyBazaar.
Sanjeev Bikhchandani, founder of Info Edge, emphasized that profitability in real estate and a resurgence in IT hiring would be pivotal drivers for this growth trajectory in the next 3-4 years.
Long-Term Investment Strategy
The flagship platforms, Naukri.com and Jeevansathi, are expected to continue expanding, driven by signs of recovery in the IT sector. The job market is showing green shoots of growth, signaling a potential rebound from the slowdown. Info Edge’s strategy of early investments in promising ventures, increasing stakes in successful businesses, and maintaining a patient, long-term approach has been a cornerstone of its success.
FAQs
What is Info Edge?
Info Edge is an India-based company that provides internet-based services through its mobile applications and web portals. Its services include recruitment, real estate, matrimonial, and education.
When was Info Edge founded?
Info Edge was founded by Sanjiv Bikhchandani in 1995.
Sanvi Barjatya
