Tag: real estate business

  • 60+ Land Business Ideas to Start on Empty or Vacant Land and Boost Income

    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:

    # Idea Description Investment Level Revenue Potential
    1 Farming Grow crops or rear animals for sale Medium to High Medium to High
    2 Outdoor Advertising Rent space for billboards Low Medium
    3 Storage Space/Warehouse Build or lease storage units High High
    4 Plant Nursery Sell plants, flowers, and gardening tools Medium Medium
    5 Firewood Business Cut, store, and sell firewood Low Medium
    6 Build a Spec House Construct a house to sell for profit High High
    7 Amusement Park Set up rides and games for families Very High Very High
    8 Events Centre Host weddings, parties, and meetings High High
    9 Training Grounds Offer military, fitness, or police training spaces Medium Medium
    10 Children’s Educational Centre Learning center with nature-focused education Medium Medium
    11 Athletic Fields Sports fields for rent or public use Medium to High Medium
    12 Golf Course Private or public golf course Very High High
    13 Railroad Storage/Access Lease land to rail companies Low Medium
    14 Restaurant Garden Farm-to-table dining experience Medium Medium
    15 Cell Phone Towers Rent land for telecom towers Low High
    16 RV Storage Store recreational vehicles Medium Medium
    17 Campground Tents, cabins, or RV camping Medium Medium to High
    18 Solar Energy Lease to solar companies or install panels Medium to High Medium to High
    19 Dairy Farm Milk production and dairy processing High High
    20 Horse Stable Rent stables or offer horse training High Medium
    21 Wool processing Process and sell raw wool Medium Medium
    22 Summer Camps Educational or adventure camps Medium to High Medium
    23 Petting Zoo Farm animals for kids to interact with Medium Medium
    24 Ice Rink Seasonal or year-round rink High Medium
    25 Vineyard Grow grapes and make/sell wine High High
    26 Junk Yard Scrap and sell car parts or metal Medium Medium
    27 Outdoor Shooting Range Licensed shooting facility Medium Medium
    28 Biking/Zipline Adventure tourism with biking trails or ziplines Medium Medium
    29 Beekeeping Sell honey and beeswax Low Medium
    30 Antiques Market Set up antique shops or flea markets Low Medium
    31 Farmers Market Rent stalls to local farmers Low Medium
    32 Yoga Studio Outdoor yoga and wellness sessions Low Low to Medium
    33 Parking Lot Convert to paid parking Medium Medium
    34 Racing Events Host car or bike races High High
    35 Agritourism Tours, stays, and activities on a farm Medium to High Medium to High
    36 Electrical Substations Lease to utility companies Medium Medium
    37 Film Locations Rent for movies/TV/ad shoots Low High
    38 Photoshoots/Photography Site Rent land for photography Low Medium
    39 Bird Watching Eco-tourism setup for nature lovers Low Low
    40 School Field Trips Educational tours and demos Low Low to Medium
    41 As a Collateral Asset Use land as security for loans None Indirect
    42 Resort/Villas/Tents/Tree Houses Build eco-luxury stays High High
    43 Herb Garden Grow herbs for sale or processing Low Medium
    44 Drive-in Theatre Outdoor movie screening space Medium Medium
    45 Tiny House Estate Rent tiny homes on land Medium Medium
    46 Rent/Lease it Out! Passive income through leasing None Low to Medium
    47 Pet Park Safe open space for pets Low Low
    48 Harvest Timber Sell wood from forested land Low to Medium Medium
    49 Wind Energy Set up turbines or lease to companies High High
    50 Pave a Biking/Walking Trail Build and rent access for trails Low to Medium Low
    51 Spiritual Sanctuary Meditation/yoga retreat Low to Medium Medium
    52 Outdoor Art Installation Open gallery or sculpture space Medium Low
    53 Pop-Up Facility Short-term event hosting Low Medium
    54 Sports Fields Rent for cricket, football, etc. Medium Medium
    55 Paintball Facility Outdoor adventure game zone Medium Medium
    56 Community Garden Plots Lease plots to individuals/families Low Low
    57 Hunting Property Seasonal game hunting (licensed) Medium Medium
    58 Concert Venue Live music events and festivals High High
    59 Landscape Supply Business Sell mulch, stones, sand, etc. Medium Medium
    60 Nature Preserve Keep land as a protected ecosystem Low Low
    61 Off-Grid Cabins Self-sufficient cabins for eco-tourism or retreats Medium Medium to High

    Farming

    Farming - vacant land business ideas
    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

    Business ideas for vacant land to make money
    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.

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    Plant Nursery

    Business ideas for vacant land to make money
    Plant Nursery – empty land business idea

    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
    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
    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.


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    Amusement Park

    Business ideas for vacant land to make money
    Amusement/micro parks – vacant land business idea 

    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%.

    Special events occur for the following purposes:

    • Celebrations (fairs, parades, weddings, reunions, birthdays, anniversaries)
    • Education (conferences, meetings, graduations)
    • 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
    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.


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    Athletic Fields

    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

    Business ideas for vacant land to make money
    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!


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    Cell Phone Towers

    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

    vac
    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
    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.


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    Dairy Farm

    Business ideas for vacant land to make money
    Dairy farm – vacant land business idea 

    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!

    Milk Production in India
    Milk Production in India

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    Horse Stable

    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

    Business ideas for vacant land to make money, land for sale
    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!


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    Ice Rink

    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!


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    Junk Yard

    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

    Business ideas for vacant land to make money
    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
    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.


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    Farmers Market

    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 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!


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    Racing Events

    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.


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    Film Locations

    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!


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    Photoshoots/Photography Site

    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

    Business ideas for vacant land to make money
    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.


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    Herb Garden

    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

    Business ideas for vacant land to make money
    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.


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    Pet Park

    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

    Business ideas for vacant land to make money
    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
    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.


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    Spiritual Sanctuary

    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

    Business ideas for vacant land to make money
    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

    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.

  • 10 Richest Royal Families in India and Their Source of Lavish Livelihood

    Even though a monarch no longer rules India there are no kingdoms as there used to be once. We can still find many royal families in India living life with grandeur and richness. Some still live in palaces, while some own considerable stakes in other real estate.

    In 1971, when the Indian Constitution had its 26th amendment, many privileges were lost by the royal families in India. However, even though they lost their royal titles and status, some continue to live a life of luxury to date. All thanks to the fame and fortune left behind by their ancestors. It helped them persist in their royal identity and still have a good amount of influence and power with them.

    But the things left by their ancestors won’t last forever, at least not the money, and they know this. So, while still maintaining their royalty, many royal families have tried various ways to earn a livelihood. So, though they won’t get their royal treasure and power back, they still have their luxury and stature to preserve.

    Here, we have brought you a list of 10 rich royal families in India and how they live and earn a livelihood.

    List of 10 Richest Royal Families in India With Their Net Worth

    Royal Families Net Worth (Approx)
    Royal Family of Jodhpur INR 22,000 Crores
    Royal Family of Jaipur INR 20,000 Crores
    Gaekwads of Baroda INR 20,000 Crores
    Royals of Mewar INR 10,000 Crores
    Wadiyar Dynasty INR 10,000 Crores
    Alsisar Royal Family INR 3,000 Crores
    Royal House of Bourbon INR 1,900 Crores
    The Nawabs of Pataudi INR 800 Crores
    Bhonsale Dynasty INR 500 Crores
    Royal Family of Jamnagar

    Royal Family of Jodhpur

    Primary Source of Income: Hospitality Industry

    Royal Family of Jodhpur - Richest Royal Family in India
    Richest Royal Family in India – Royal Family of Jodhpur

    The Royal Family of Jodhpur, led by Maharaj Gaj Singh II, represents a fascinating blend of regal heritage and modern entrepreneurship. This family, ruling from the iconic Umaid Bhawan Palace, one of the world’s largest private residences, showcases a successful transition from traditional royalty to contemporary business magnates.

    Currently, Maharaj Gaj Singh II lives with his family in the Umaid Bhawan Palace. It is speculated that the Royal Family of Jodhpur has a net worth of INR 224 billion.

    How Does the Royal Family of Jodhpur Make Money?

    • Spread across an area of 11 hectares, the Umaid Bhawan Palace has 347 rooms and four tennis courts, swimming pools, etc. This is the palace where famous Bollywood Actress Priyanka Chopra married the American singer & actor Nick Jonas. This palace serves as a significant source of income for the royal family.
    • Maharaja Gaj Singh II has once served as a member of the Rajya Sabha. A few years ago, he was the Indian High Commissioner to Trinidad and Tobago.

    Historical and Economic Significance

    The Rathore family, with Maharaj Gaj Singh II at the helm, has a storied past that dates back centuries. The family’s wealth stems from owning significant historical properties like the Mehrangarh Fort and the Umaid Bhawan Palace. These landmarks are not only cultural treasures but also substantial income sources due to their transformation into tourist destinations and luxury accommodations.

    Umaid Bhawan Palace: An Absolute Marvel

    Umaid Bhawan Palace - Richest Royal Family in India
    Umaid Bhawan Palace – Richest Royal Family in India

    The Umaid Bhawan Palace, a majestic structure sprawling over 11 hectares, is ingeniously divided into three parts. The royal family resides in one segment, while another is operated as a luxury hotel by the Taj Hotels, reflecting a strategic partnership that enhances their financial stability. The third part serves as a museum, attracting tourists worldwide and adding to the family’s revenue streams. This palace gained additional fame as the venue for high-profile events, including the wedding of Priyanka Chopra and Nick Jonas.

    Banking Upon Heritage for Modern Business

    In the 1970s, facing financial difficulties, Gaj Singh II, affectionately known as Bapji, returned from England determined to revitalize his family’s fortunes. He transformed ancestral palaces into museums and luxury hotels, a move that not only preserved the family’s heritage but also established a sustainable income source. This strategic shift mirrored successful models adopted by other royal families in Rajasthan, ensuring both the preservation of cultural heritage and financial viability.

    Chanwa Fort: A Transformation Story

    Chanwa Fort
    Chanwa Fort

    The narrative of Chanwa Fort, under Maharaja Dalip Singhji, exemplifies the adaptive reuse of royal properties. Initially a financial drain, the fort’s conversion into a heritage hotel in 1992 turned it into a profitable venture. This transformation was timely, coinciding with a boom in tourism in Rajasthan, which helped secure the fort’s status as a desirable destination for international and domestic visitors.

    Collaboration and Restoration

    The royal family’s active involvement in the restoration and management of their estates is crucial. Working closely with restoration artists, they ensure that renovations respect the historical integrity of the properties while providing modern luxuries to guests. This collaborative approach helps maintain the authenticity of the royal residences, upscaling guest experiences and ensuring the family’s continued relevance in the heritage tourism sector.

    The Royal Family of Jodhpur exemplifies how traditional dynasties can hover through the challenges of modernity by making the most out of their historical assets, entrepreneurial spirit, and innovative business strategies. Their journey from rulers of a princely state to influential players in the global hospitality industry highlights their adaptability and emphasis on prosperity as a whole.

    Royal Family of Jaipur

    Primary Source of Income: Hospitality Industry

    The Royal Family of Jaipur - Richest Royal Family in India
    Richest Royal Family in India – The Royal Family of Jaipur

    Nestled in the heart of Rajasthan, the Royal Family of Jaipur, also known as the Kachwaha dynasty, continues to embody the regal heritage and cultural splendor of the region. Bhawani Singh, the last titular head of Jaipur, died at 79 in April 2011.

    Bhawani Singh also served as lieutenant Colonel and Brigadier in the Indian army from 1951 to 1975. With no son to appoint as his heir, Bhawani Singh decided to adopt his only daughter, Diya Kumari’s son, Padmanabh Singh, as his successor. Padmanabh was crowned as the Maharaja of Jaipur in 2011. One of the richest Indian royal family, Bhawani Singh’s lineage continues through Padmanabh Singh, who now holds the title of Maharaja of Jaipur. Maharaja Padmanabh has played a pivotal role in both preserving and modernizing the family’s legacy. With an estimated net worth between $697 million and $855 million, the Royal family of Jaipur’s wealth is not only steeped in history but also a variety of modern entrepreneurial ventures.

    How Does the Royal Family of Jaipur Make Money?

    • Padmanabh Singh is a national-level polo player. The young man is also an enthusiastic traveler who has grabbed the attention of various magazines.
    • The royal family contributed the Rambagh palace to the Taj Hotel to manage and run the place like a hotel.
    • Padmanabh has recently partnered with Airbnb and has put up a suite in Jaipur. It also aids in the financial income of the family.

    Historical Significance and Wealth Sources

    The Jaipur royal family’s wealth historically stems from vast land holdings, palaces, and valuable possessions passed down through generations. Additionally, their financial portfolio is diversified with investments in businesses and real estate. Despite the formal abolition of princely titles in 1971, the family’s influence and wealth continue to make them a significant entity in India.

    Modern Ventures and Cultural Contributions

    Taj Hotel's Rambagh Palace - Richest Royal Family in India
    Taj Hotel’s Rambagh Palace – Richest Royal Family in India

    In the 1990s, the Jaipur royal family, along with other Rajasthani royals, began transforming their palaces into heritage hotels. This initiative not only preserved the architectural legacy but also revitalized the local economy by boosting tourism and creating jobs. The family’s Rambagh Palace, managed by the Taj Hotel, exemplifies this successful blend of heritage preservation and luxury hospitality.

    Culinary Heritage and Innovations

    The royal family has also ventured into the culinary world, using ancestral recipes to attract tourists. These traditional dishes, served in their heritage hotels, offer guests a taste of royal life. The initiative to serve heritage food has not only preserved traditional cuisine but has also become a unique selling point for their hospitality business.

    Philanthropy and Social Contributions

    Proceeds from various ventures, especially those from partnerships like the one with Airbnb, support charitable causes. Princess Diya Kumari’s foundation benefits from these revenues, focusing on social and educational projects that aid the local community.


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    Royals of Mewar

    Primary Source of Income: Tourism & Hospitality Industry

    Royals of Mewar - Richest Royal Family in India
    Richest Royal Family in India – Royals of Mewar

    The Mewar dynasty, one of India’s most storied royal lineages, traces its origins back to the 7th century with notable figures like Maharana Pratap, symbolizing strength and resistance. In March 2025, Shriji Arvind Singh Mewar, the 76th Custodian of the Mewar dynasty, passed away at the age of 81. Under his leadership, the family had successfully transitioned from traditional royalty to modern-day entrepreneurship. The family legacy is now continued by his son, Shriji Lakshyaraj Singh Mewar, who becomes the 77th Custodian of the Mewar dynasty. He is expected to carry forward his father’s work and vision, managing the operations of the HRH Group of Hotels.


    How Does the Royal Family of Mewar Make Money?

    • The family also owns various heritage hotels, resorts, and charitable institutions across Rajasthan.
    • Some of the royal properties, such as the Lake Palace and the Fateh Prakash Palace, are given to the Taj Group of Hotels for lease management.
    • They have opened a part of the Udaipur City Palace for tourism.

    Historical and Economic Significance

    The Mewar dynasty has historically been a powerhouse of wealth and influence, with its roots deeply embedded in the golden soil of India’s history. The family’s wealth is largely derived from extensive land holdings, which historically included vast tracts of agricultural land that provided a steady income through produce, rents, and other related activities. Over the centuries, the dynasty has accumulated significant assets through trade, taxation, and tributes from vassal states.

    Heritage and Tourism

    City Palace Udaipur - Richest Royal Family in India
    Richest Royal Family in India – City Palace Udaipur

    Shriji Arvind Singh Mewar was the head of the HRH Group of Hotels until March 2025, which has over ten hotels under it. The royal family of Mewar owns several heritage properties, including iconic palaces and forts, which have been transformed into major tourist attractions. These include the famed City Palace in Udaipur, which now houses museums and luxury hotels, contributing substantially to the family’s income. The strategic leasing of properties like the Lake Palace and the Fateh Prakash Palace to the Taj Group of Hotels has also bolstered their financial portfolio, blending historical preservation with modern hospitality.

    Under the leadership of Shriji Lakshyaraj Singh Mewar, the family is expected to continue these initiatives, while potentially expanding their ventures into new opportunities.

    Diversified Investments and Ventures

    Beyond real estate and hospitality, the Mewar family has diversified its investments across various sectors. This includes involvement in educational and charitable institutions, which not only enhance their societal contributions but also solidify their financial base. The family’s engagement in cultural patronage and support of the arts further enriches their role in India’s cultural significance, maintaining their status as influential figures in both economic and social spheres.


    Lakshyaraj Singh Mewar: Education | Net Worth | Family Life
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    The Nawabs of Pataudi

    Primary Source of Income: Arts

    The Nawabs of Pataudi - Richest Royal Family in India
    Richest Royal Family in India – The Nawabs of Pataudi

    How could our list be complete without mentioning Bollywood’s Pataudi Clan, one of the richest royal families in India? The Nawabs of Pataudi, with their illustrious lineage rooted in the princely state established in 1804, represent a fascinating blend of historical depth and modern allure. It’s almost unlikely that anyone from India hasn’t heard the name of the Bollywood Actor Saif Ali Khan. But some might not be aware that he is a descendant of the Nawabs of Pataudi.

    The last titular head of the Pataudi Clan was Mansoor Ali Khan Pataudi – a Nawab. He was a former captain of the Indian Cricket Team. Mansoor Ali married the Bollywood actress Sharmila Tagore, and they had three children, Saif Ali Khan being one of them.

    This royal family, currently led by Saif Ali Khan, has adeptly hovered through the circles of both heritage and contemporary enterprise. Saif, an acclaimed actor in the Indian film industry, has been able to successfully leverage his royal background and personal achievements to sustain and grow the family’s influence and wealth.

    How do the Nawabs of Pataudi Make Money?

    • Presently, Saif Ali Khan holds the title of Nawab of Pataudi and is an actor, and he has outstanding earnings from Bollywood.
    • Apart from being a Bollywood actor, he also owns the Pataudi Palace, worth around ₹800 crores.
    • He is also married to Bollywood Actress Kareena Kapoor, which also adds income to the Pataudi Family.

    Historical and Cultural Legacy

    The Pataudi family’s origins trace back to the 16th century, with their ancestry linked to the Afghan Muslim Pashtuns of the Barech tribe. The family’s prominence rose with Faiz Talab Khan, who was made the first Nawab by the British East India Company for his assistance during the Second Anglo-Maratha War. Over the generations, members such as Iftikhar Ali Khan Pataudi and Mansoor Ali Khan Pataudi added to their legacy, the latter being a celebrated captain of the Indian cricket team.

    Pataudi Palace: A Symbol of Royal Grandeur

    Richest Royal Family in India - Pataudi Palace
    Richest Royal Family in India – Pataudi Palace

    The Pataudi Palace, conceptualized in 1939 and inherited by Saif Ali Khan in 2014, stands as an ode to the family’s regal past and their ongoing influence. This grand estate, also known as Ibrahim Kothi, sprawls over 10 acres and features 150 rooms, each adorned with unique memorabilia. Beyond serving as a private residence, the palace boosts the family’s income through film shoots and events, hosting movies like Rang De Basanti and Animal, which showcase its architectural beauty.

    Diversification of Income Sources

    Saif Ali Khan in the Pataudi Palace
    Saif Ali Khan in the Pataudi Palace

    The family’s financial portfolio is robust, encompassing real estate, tourism, and Saif Ali Khan’s career in Bollywood. Saif’s roles in films such as Dil Chahta Hai and Sacred Games have not only cemented his status as a leading actor but also contributed significantly to his wealth. Additionally, the Pataudi Palace operates as a luxury hotel, adding a substantial revenue stream. This blend of historical assets and modern entrepreneurial ventures illustrates the family’s dynamic approach to wealth management.

    Modern Adaptations and Challenges

    The Nawabs of Pataudi have faced their share of challenges, particularly with the legal complexities surrounding properties classified as ‘enemy properties.’ Despite these hurdles, they have maintained their estate’s legacy while adapting to contemporary economic changes and evolutions. Saif Ali Khan’s strategic decisions, such as repurchasing the ancestral palace and investing in diverse sectors, reflect a modern interpretation of his royal heritage, ensuring the family’s relevance and prosperity in today’s world.

    Alsisar Royal Family

    Primary Source of Income: Hospitality Industry & Events

    Richest Royal Family in India -Alsisar Royal Family
    Richest Royal Family in India -Alsisar Royal Family

    In the beautiful state of Rajasthan, the Royal Family of Alsisar stands as a prominent example of how traditional royalty has adapted to the modern world. The family, which originates from the historic kingdom of Khetri, is currently led by HH Abhimanyu Singh, the sixteenth scion. This lineage not only boasts a rich history but also a powerful presence in today’s cultural and economic spheres.

    How Does the Alsisar Royal Family Make Money?

    • The Alsisar family owns grand palaces across Jaipur and Ranthambore.
    • The royal family also runs several hotels on their properties.
    • Apart from running all these palaces and hotels, Abhimanyu Singh is also a co-sponsor of India’s hippest annual EDM festival, Magnetic Fields. Singh is called the party prince of India.

    Historical and Economic Significance

    The Alsisar family’s roots trace back to the 18th century with Maharaja Shekhawat Pratap Singh, known for his might and contributions to Rajasthan’s cultural heritage. Over the centuries, the family has played a significant role in defending their legacy and preserving the rich Rajput traditions. Today, their wealth is largely derived from ancestral properties and investments in various sectors, including heritage tourism and hospitality.

    Architectural Heritage and Tourism

    The Alsisar family owns several grand palaces in Jaipur and Ranthambore, which have been transformed into major tourist attractions. Iconic landmarks like the Alsisar Mahal highlight their architectural grandeur and cultural significance. These properties, converted into heritage hotels, draw visitors from around the globe, providing a substantial income stream while allowing the family to maintain their historical estates.

    Diversification of Income Sources

    Under the leadership of Abhimanyu Singh, the family has diversified their income sources beyond traditional property management. They are actively involved in the hospitality industry, running several successful hotels on their properties. Moreover, Abhimanyu Singh is known as the party prince of India due to his role as a co-sponsor of the popular annual EDM festival, Magnetic Fields, which blends modern entertainment with royal hospitality.

    Cultural and Social Contributions

    The Royal Family of Alsisar is deeply engaged in promoting the cultural heritage of Rajasthan. They manage heritage properties and museums that attract tourists and scholars, enhancing the cultural understanding of the region. Additionally, the family participates in philanthropic activities, supporting education, healthcare, and community development, which showcases their relentless focus on social responsibility.

    Gaekwads of Baroda

    Primary Source of Income: Politics & Real Estate Business

    Royal Gaekwads of Baroda - Richest Royal Family in India
    Royal Gaekwads of Baroda – Richest Royal Family in India

    The Gaekwad Dynasty, a prominent Maratha clan, has been a significant part of India’s royal history, with its roots stretching back to the early 18th century when Pilaji Rao Gaekwad established their rule by conquering the city of Baroda from the Mughal Empire. The dynasty was officially granted the city as a jagir by Chhatrapati Shahu I, marking the beginning of their long-standing influence in the region. Samarjitsinh Gaekwad is the head of the royal family of Vadodara. When he succeeded to the throne, he owned approximately ₹20,000 crores.

    How do the Gaekwads of Baroda Earn Money?

    • It includes primarily real estate, land, and Laxmi Vilas Palace.
    • He also inherited paintings by Raja Ravi Verma and gold, silver, and royal jewelry.
    • One of the primary sources of his income is managing temple trusts that add up to 17 temples across Gujarat and Banaras.
    • Samarjitsinh has also represented himself in the Ranji trophy of his state as a cricketer.
    • He was also engaged in politics for some time but has been inactive since 2017.

    Historical and Economic Significance

    The Gaekwads initially served under the Dabhade family, the Maratha chiefs of Gujarat. However, after a series of power shifts and allegiance changes, notably during and after the Third Battle of Panipat in 1761, they emerged as significant rulers within the Maratha Confederacy. Their autonomy was later recognized by the British through the Treaty of Cambey in 1802, which acknowledged their rule in exchange for a strategic alliance.

    Modernisation and Philanthropy

    Maharaja Sayajirao Gaekwad III, who reigned from 1875 to 1939, was particularly noted for his progressive reforms and efforts to modernize Baroda. He introduced compulsory primary education, a library system, and the Maharaja Sayajirao University of Baroda, significantly contributing to the region’s development. His initiatives also extended to the economic realm, where he promoted the establishment of textile mills, laying the foundation for Baroda’s textile industry.

    Cultural and Architectural Contributions

    Laxmi Vilas Palace
    Laxmi Vilas Palace

    The Gaekwads were also patrons of the arts and culture, which is evident from their extensive support of music, literature, and fine arts. The Laxmi Vilas Palace, an architectural marvel and one of their most significant legacies, stands as a fitting tribute to their refined aesthetic sensibilities and royal grandeur. This palace not only serves as a residence but has also been a venue for various cultural and social events, further highlighting the dynasty’s role in promoting cultural heritage.

    Current Status and Legacy

    Today, the head of the family, Samarjitsinh Gaekwad, continues to manage the vast estate which includes the iconic Laxmi Vilas Palace and numerous other properties. His inheritance includes an impressive collection of artifacts and paintings by Raja Ravi Varma, alongside managing temple trusts across Gujarat and Banaras. Despite the formal abolition of the monarchy, the Gaekwads of Baroda are still held in high regard and play an active role in regional and cultural affairs, embodying a blend of royal tradition and modern entrepreneurship. The Gaekwad Dynasty’s journey from feudal lords to modern-day cultural custodians and entrepreneurs illustrates a unique adaptation to changing times while maintaining their regal stature and commitment to public welfare.

    Wadiyar Dynasty

    Primary Source of Income: Hospitality Industry & Silk Business

    Wadiyar Dynasty - Richest Royal Family in India
    Wadiyar Dynasty – Richest Royal Family in India

    The Kingdom of Mysore was ruled by the Wadiyar Dynasty back in the day. They trace their history to the Yaduvanshi clan of Lord Krishna.

    In 1612, a curse on the Wadiyar dynasty by Queen Alamelamma of Vijaynagar for capturing the throne that Mysore kings would never bear children. This curse seems to be proving true for the last 400 years for the royal family of India.

    Even now, the head of the dynasty is 27-year-old Yaduveer Krishnadutta. Chamaraj Wadiyar is not the direct heir whose net worth is approximately INR 10,000 crores.

    His uncle, Srikantadatta Wadiyar, died in 2013, and couldn’t name a successor as he had no children. And hence, his wife, the Rajmata, adopted Yaduveer as their son and turned him into the king.

    The Wadiyar Dynasty, historically known as the royal family of Mysore, has played a significant role in shaping the economic and cultural scenario of Southern Karnataka. Their lineage has been pivotal in the region’s history, especially noted for their rule over the Kingdom of Mysore until Indian independence in 1947.

    How Does the Wadiyar Dynasty of Mysore Make Money?

    • Royal Silk of Mysore was started by Srikantadatta. Mysore as the top silk producer, the family’s brand remained a significant income source.
    • The present king, Yaduveer, holds a degree in English Literature and economics and works on tourism and heritage infrastructure development and promoter in Mysore.
    • They also earn an income by renting their palace grounds in Bangalore for marriages and functions.
    • It is speculated that the family has assets worth Rs 10,000 crore.

    Historical Wealth and Sources of Income

    The Wadiyar family’s wealth historically stemmed from extensive land holdings, royal privileges, and astute investments. They owned vast tracts of land around the Kingdom of Mysore, which were a major source of income through agricultural produce, rents, and other related activities. Additionally, as rulers, they had the right to collect taxes from the residents of their kingdom, further bolstering their economic strength.

    Investments and Economic Challenges

    Over the years, the Wadiyar family expanded their economic base through investments in real estate, stocks, and various business ventures. Despite these efforts, the abolition of the privy purse in 1971 posed significant financial challenges, leading to a period of economic instability. The family faced numerous legal battles and bureaucratic hurdles, particularly with the Income Tax authorities and the Government of Karnataka, which strained their financial resources.

    Tourism and Cultural Contributions

    The Mysore Palace
    The Mysore Palace

    The Mysore Palace, a stunning symbol of their architectural patronage, serves as a major tourist attraction, drawing revenue from ticket sales, guided tours, and souvenir shops. The palace’s maintenance and operations became a joint effort with the government, ensuring its preservation and accessibility to the public. This partnership, although fraught with challenges, has helped maintain the palace as a key cultural and historical site.

    Modern Ventures and Legacy

    In more recent times, the Wadiyars have ventured into modern business with initiatives like The Royal Silk of Mysore, a silk brand that has gained renown both nationally and internationally. Following the passing of Srikantadatta Wadiyar in 2013, the dynasty saw a significant transition when Yaduveer Krishnadutta Chamaraj Wadiyar was adopted and bestowed with the royal title, marking a new era for the family.

    The Wadiyar Dynasty’s journey through India’s history speaks volumes about their resilience and adaptability. From ruling monarchs to modern entrepreneurs, they have managed to sustain their legacy while contributing significantly to the region’s economy and culture. Their story is not just one of wealth and royalty but also of overcoming adversities and evolving with the times.


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    Bhonsale Dynasty

    Primary Source of Income: Politics

    Uday Singh of Bhonsle Dynasty - Richest Royal Family in India
    Uday Singh of Bhonsle Dynasty – Richest Royal Family in India

    Living in India, you must have heard about Chhatrapati Shivaji Maharaj and the Maratha Empire. Shivaji Maharaj was a member of the Bhonsle Maratha Dynasty. However, you might not be aware that their descendants are still scattered around various places in Maharashtra, continuing the legacy of one of the prominent royal families of India.

    One of the descendants, Udayanraje Bhosale of Satara, is said to be the 13th Chhatrapati titleholder. Apart from that, he is also an Indian Politician.

    The House of Bhonsales, a prominent Marathi royal house, is renowned for its significant historical and cultural influence in India. Originating from the Kunbi Marathas and claiming descent from the Rajput Sisodia dynasty, the Bhonsales have been key figures in the Maratha region since the late 16th century.

    How Does the Bhonsale Dynasty Make Money?

    • Udayanraje Bhosale has been serving as a member of the Rajya Sabha from Maharashtra since 2020 and is a member of the Bharatiya Janata Party (BJP).
    • He was also an MP of Lok Sabha from the Satara Constituency from 2009 to 2019.
    • Bhosale was earlier a member of the Bharatiya Janata Party and a member of the Maharashtra Legislative Assembly from 1998 to 1999.
    • Politics has been a significant source of income for this family, and it has been declared to have a net worth of around INR 500 crores as of 2020.

    Founding and Expansion

    The dynasty was established by Maloji Bhosale in 1577, a prominent general under Malik Ambar of the Ahmadnagar Sultanate. Maloji was honored with the title of Raja by Bahadur Nizam Shah in 1595 or 1599, marking the beginning of the Bhonsale’s rise to power. Alongside his wife Uma Bai, Maloji had two sons, Shahaji and Sharifji, who were integral to the dynasty’s expansion.

    Establishment of the Maratha Empire

    The Maratha Empire, founded by Shivaji I, grandson of Maloji, in 1674, was a stronghold against invasions from the Mughal Empire and the Bijapur Sultanate. Shivaji’s vision of Hindavi Swarajya emphasized a government for and by the people, reducing the power of elites and increasing the representation of the common populace.

    Prominent States and Modern Descendants

    The Bhonsale dynasty ruled over several significant states including Satara, Kolhapur, Thanjavur, Nagpur, Akkalkot, Sawantwadi, and Barshi. These regions flourished under their governance, contributing to the dynasty’s wealth and legacy. In the present day, descendants such as Chatrapati Udayan Raje Bhosale and Yuvraj Pratapsinh Raje Bhosale continue to uphold the family’s esteemed heritage.

    Cultural and Social Contributions

    The Bhonsales have been staunch patrons of the arts and culture, significantly influencing Marathi culture and politics. Their support extended to various social reforms and the promotion of education, which have left a lasting impact on the regions they governed.

    Royal House of Bourbon

    Primary Source of Income: Hospitality Industry

    Royal House of Bourbon - Richest Royal Family in India
    Royal House of Bourbon – Richest Royal Family in India

    Did you know about the existence of an Indian royal family claiming lineage to the extinct throne of the Kingdom of France? Meet the Bourbons of India, now based in Bhopal. At the helm is Balthazar Napoleon IV de Bourbon, a legal professional and a parent of three children. Their ancestry asserts a legitimate descent from the House of Bourbon, tracing back to Jean Philippe de Bourbon, a French noble who sought refuge in Mughal Emperor Akbar’s court. Notably, Prince Michael of Greece and Denmark suggests in his book that Jean de Bourbon might have been a nephew of Henry IV, the first Bourbon king of France, although this remains unverified.

    If authenticated, Balthazar Bourbon would be the primary heir to the French throne. Furthermore, the Bourbons of India have endeavored to preserve their heritage and promote cultural exchange, engaging in philanthropic activities and fostering ties with both Indian and European communities. Their story presents a fascinating intersection of history and modern identity, bridging continents and centuries through their unique lineage.

    The Bourbons of India, also known as the House of Bourbon-Bhopal, present a unique narrative in the annals of Indian royalty. Their story is a fascinating blend of European lineage intertwined with Indian royal dynamics, centered in the historically rich city of Bhopal.

    How Does the Royal House of Bourbon Make Money?

    • The family earns income through renting out properties they own, including residential and commercial spaces.
    • They generate revenue by hosting cultural events, guided tours of their residence, and exhibitions showcasing their heritage.
    • They sell artifacts, memorabilia, and souvenirs related to their royal lineage, either through on-site shops or online platforms.
    • Members of the family provide consultancy services in areas such as history, culture, or heritage management, leveraging their expertise and lineage.

    Historical Roots and Royal Connections

    The Bourbon Palace – Richest Royal Family in India

    Jean Philippe de Bourbon, compelled to leave France after a duel, arrived in India around 1560. His journey led him to the court of Emperor Akbar, who, impressed by Jean’s lineage and demeanor, offered him a high position and arranged his marriage to Lady Juliana, a relative of the Emperor’s Christian wife. This union not only integrated Jean into the Mughal elite but also began the Bourbon lineage in India, with Jean being appointed as the Raja of Shergar.

    Cultural Integration and Influence

    Over the centuries, the Bourbons of India became deeply embedded in the fabric of Bhopal’s royal court. They adopted local customs and Muslim names, yet they retained their distinct European heritage, as evidenced by their continued practice of Christianity. The family’s prominence peaked with members like Balthazar of Bourbon, who served as the Prime Minister of Bhopal in the early 19th century. His contributions to the city included the construction of the Shaukat Mahal and the Catholic Church of Bhopal, architectural gems that blend European and Indian styles.

    Decline and Modern Identity

    The abolition of royal entitlements and titles by the Indian government in the mid-20th century stripped the Bourbons of their privileges, transforming them from rulers to citizens. Today, they are remembered for their unique historical role and contributions to the cultural and architectural heritage of Bhopal. Despite their reduced status, the Bourbons of India remain an example of the rich, intertwined histories of Europe and India, and their legacy continues to be a point of interest for historians and tourists alike.

    Through their journey from French nobility to Indian royalty, the Bourbons of India exemplify the complex interplay of culture, power, and identity. Their story is not just about the rise and fall of a royal family but also about the enduring connections that can transcend continents and masses.

    Royal Family of Jamnagar

    Royal Family of Jamnagar - Richest Royal Family in India

    Ajay Jadeja, the former Indian cricketer, recently found himself in the spotlight, not for his achievements on the pitch, but for inheriting the royal mantle of Jamnagar — inheriting fortunes worth over $175 million (INR 1,450 crore). Declared the new Jam Saheb of Nawanagar (now Jamnagar) on Vijayadashami, Jadeja steps into a rich legacy, succeeding his uncle, Shatrusalyasinhji Digvijaysinhji Jadeja.

    The Jadeja Rajput dynasty, which once ruled the princely state of Nawanagar, carries a remarkable legacy intertwined with both Indian history and cricket. Ajay’s grandfather, Digvijaysinhji Jadeja, was a celebrated figure in this lineage — not only serving as Jam Saheb from 1933 but also playing a pivotal role in Indian cricket as the president of the BCCI from 1937 to 1938. This familial bond with the sport extends to the cricket field, where Ajay himself shined as a member of India’s national team, further connecting the dynasty’s royal heritage with the cricketing world.

    The Jadeja family’s royal residence in Jamnagar is as majestic as its lineage. Their home reflects opulence, featuring classic wooden flooring, a grand courtyard, and a spacious, well-manicured garden. Their interiors boast an expansive dining area adorned with souvenirs from their global travels, while a well-designed bookshelf adds a touch of intellectual elegance. Ajay’s new role as the Jam Saheb is not merely a royal formality but a continuation of a deep-seated legacy that bridges the past with the present — one that combines the grandeur of royalty with India’s beloved sport, cricket.

    The Maharaja Jam Saheb of Nawanagar (now Jamnagar) is famous for their priceless collection of jewellery, especially under Ranjithsinhji. Jacques Cartier called their emerald collection “unequaled in the world.” It includes beautiful pieces like an emerald and pearl necklace, an art deco emerald and diamond necklace, and an emerald choker, all designed by Cartier. The family owns palace and a school and has an exquisite jewellery collection.

    Conclusion

    India has been ruled by many great and powerful kings who had loads of money in their treasures. But after the Independence in 1947, a few kings left as monarchs. But soon, in 1971, their power and other privileges were taken away after the 26th Amendment of the Indian Constitution.

    But even without power and being a monarch ruler, the descendants of some of the Royal families happen to lead a very luxurious life, primarily because of the money and property left by their ancestors. Also, many of them have found other sources of income, such as converting their royal palaces into hotels, getting into business, or becoming politicians. Above is a list of a few royal families of India, their current source of income, and how they continue to live a life.

    As custodians of immense historical value and architectural grandeur, these families continue to wield significant influence in the spheres of culture, economy, and philanthropy, bridging the gap between the pages of history books and the realities of the 21st-century marketplace. Their stories enrich our understanding of India’s multifaceted identity, offering lessons in resilience, stewardship, and the art of reinvention.

    Like reading more of such decodings from India’s rich history and economy? Keep heading onto StartupTalky for more of such content. We are always up to something antique yet new! Coming back to the topic, the remarkable ability of these royal families to adapt and thrive among commoners and democracy, serves as inspiration, highlighting the very fact that legacy is not just preserved in stone and mortar but lived daily through the innovative spirit and cultural contributions of each generation.

    FAQs

    Who are the richest royal families in India?

    Some of the Richest Royal families in India are:

    • Royal Family of Jodhpur
    • Royal Family of Jaipur
    • Royals of Mewar
    • Pataudi Clan
    • Alsisar Royal Family
    • Gaekwads of Baroda
    • Wadiyar Dynasty
    • Bhonsale Dynasty
    • House of Bourbon

    Who is richest royal family in India?

    The Royal Family of Jodhpur is one of the richest royal families in India.

    What is the net worth of The Royal Family of Jodhpur?

    The Royal Family of Jodhpur has a net worth of INR 22,000 crores.

    What is Arvind Singh Mewar net worth?

    The Mewar dynasty, formerly led by Shriji Arvind Singh Mewar, had an estimated net worth of INR 10,000 crores. He oversaw this legacy, including the HRH Group of Hotels and various heritage properties in Udaipur. Following his passing in 2025, the family’s fortune is now under the stewardship of Shriji Lakshyaraj Singh Mewar, the 77th Custodian of the Mewar dynasty.

    What is the major source of income for Royal families in India now?

    Major sources of income for Royal families in India are:

    • Tourism Industry
    • Hospitality Industry
    • Politics
    • Business
    • Arts

    What is the net worth of The Nawabs of Pataudi?

    The Nawabs of Pataudi have a net worth of around INR 800 Crores.

    What is Gaj Singh’s net worth?

    Gaj Singh, the successor of the Jodhpur royal family, possesses a net worth of INR 22,000 crores.

    What is the Nawab of Pataudi Saif Ali Khan’s net worth?

    Saif Ali Khan, the Nawab of Pataudi, has an estimated net worth of around INR 1,200 crores. This comes from his successful acting career and his royal family roots.

    What is Yaduveer Krishnadatta Chamaraja Wadiyar’s net worth?

    Chamaraja Wadiyar, the successor of the Wadiyar Dynasty, possesses a net worth of INR 10,000 crores.

    What is Lakshyaraj Singh Mewar net worth?

    The net worth of Lakshyaraj Singh Mewar is approximately INR 10,000 crores. This wealth comes from being a well-known member of the Mewar royal family and their long history.

    What is Ajay Jadeja of Jamnagar royal family net worth?

    Ajay Jadeja, of the Jamnagar royal family, has a net worth of over $175 million (INR 1,450 crore), which he recently inherited after being declared the new Jam Saheb of Nawanagar, now known as Jamnagar.

    What is the historical significance of the Khandpara Royal Family?

    The Khandpara Royal Family ruled the princely state of Khandpara, established in 1599 by Raja Jadunath Singh Mangaraj, the youngest son of Raja Raghunath Singh of Nayagarh. The state was located in the present-day Nayagarh district, Odisha, and played a significant role in the region’s history until its accession to the Indian Union on January 1, 1948.

    Who is the current head of the Khandpara Royal Family?

    The current titular head is Raja Saheb Bibhuti Bhushan Singh Mardaraj Bhramarbar Rai, the 14th Raja Saheb of Khandpara. Born on January 4, 1955, he has been active in public service, having served as a Member of the Legislative Assembly (MLA) in Odisha and held ministerial positions in the state government.

  • Who Is the Largest Landowner in India After the Indian Government?

    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.

    Who Is the Largest Landowner in India?
    How Did They Manage to Amass These Lands?
    Issues Faced by the Catholic Church in India Regarding Ownership

    Who Is the Largest Landowner in India?

    The Catholic Church of India - Biggest Landowner in India after the government
    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.


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    Discover the largest landowners in India, including prominent individuals and influential entities that own vast tracts of land across the country.


    How Did They Manage to Amass These Lands?

    Velankanni Church in Tamil Nadu
    Velankanni Church in Tamil Nadu

    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
    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.


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    FAQs

    Who are the prominent landowners in India, apart from the government?

    Some prominent landowners in India, apart from the government, include:

    1. Catholic Church of India
    2. Indian Railways
    3. Indian Armed Forces
    4. Waqf board Property
    5. State Governments
    6. Corporate entities and industrialists
    7. Agricultural and farming communities
    8. 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.

    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.

  • How To Start A Real Estate Business In India

    The real estate market in India is expected to attain a market size of $1 trillion by the end of 2030. The higher demand for office spaces, along with a surge in the accommodation needs of the average person, is fueling the growth of the real estate industry.

    Moreover, in recent years, due to the enactment of the RERA Act, this profession has become increasingly transparent, risk-free, and buyer- and seller-friendly. Consumer redress bodies and methods are also improved.

    Given the statistics, commencing with the entrepreneurial journey in real estate seems to be a lucrative option. However, you cannot deny that this sector is already flooded with new and established players.

    To start a successful and profitable real estate business, you need to come up with unique ideas. Also, you need a great deal of strategic planning to emerge victorious. As an entrepreneur in the real estate sector, it is imperative that your ambitions and goals need constant nurturing.

    This would ultimately help you become competitive in this dynamic sector. Also, leveraging the potential of social media platforms is quite crucial to making your business popular.

    So, in this article, we are going to learn how to start a real estate business in India in 2023.

    What Is a Real Estate Business?
    Real Estate Types
    How to Start a Real Estate Business in India

    Real Estate Investing

    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. For many entrepreneurs out there, a real estate business is the most profitable option.

    If managed correctly, this sector would provide you with high returns on investments. Note that the most common way through which a real estate business can be profitable is via appreciation. Appreciation is the process of increasing the asset’s value over time.

    Quite interestingly, a large number of residential and commercial real estate entrepreneurs generate profit through rent. So let’s take a glance at some of the ways with the help of which you can establish a successful real estate business in India in 2023.

    Value of Investments in Office Real Estate in India
    Value of Investments in Office Real Estate in India

    Real Estate Types

    The following are the different types of real estate:

    Residential Real Estate

    This type of real estate refers to properties that are designed and used for residential purposes. These can include single-family homes, apartments, condominiums, townhouses, and vacation homes. Residential real estate can be either newly constructed or previously owned.

    Commercial Real Estate

    Commercial real estate includes properties that are used for business purposes. This can include office buildings, retail spaces, hotels, malls, restaurants, and educational centers. Commercial properties can be owned or leased, and are often purchased as investments with the intention of generating income.

    Industrial Real Estate

    Industrial real estate refers to properties that are used for manufacturing, research, development, warehousing, and other industrial purposes. These properties can include factories, warehouses, distribution centers, and research facilities.

    Vacant Land

    This type of real estate refers to undeveloped land that has not been improved or used for any specific purpose. Vacant land can be used for a variety of purposes, such as farming, ranching, recreation, conservation, or future development.

    It is important to note that some real estate businesses may specialize in one type of real estate, while others may work across multiple types.


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    How to Start a Real Estate Business in India

    Starting a real estate business requires planning, research, obtaining licenses and registrations, and finances. One needs to have a clear plan and a business plan that define the goals and milestones that one wants to achieve. So, let us look at how to start a real estate business in India.

    Refine Your Business Idea

    No doubt, real estate is an enormously competitive field. There is a high chance that your locality has one or two popular real estate brokers or agents. If you want to have the best chance at success, you need to consider your strengths, weaknesses, and communication skills. In the very beginning, you have to communicate with various clients and interested homebuyers in a persuasive manner.

    This would help you get the maximum number of quality leads. To develop and refine your idea, you should be well-acquainted with the locality you would like to set up your real estate business. Here are a few questions you should ask yourself before starting a real estate business:

    • What skills set you apart?
    • What is the aim of your business?
    • Is there any need for outside capital?

    Develop a Comprehensive Business Plan

    Every business needs a plan. It helps you gain better clarity about what you mean to achieve. Do you want to start a real estate business to increase your income? Or are you looking for a career change? Or maybe it’s something you want to do on the side. Your reason will affect your business because real estate is a round-the-clock venture. You need to be available at all times for your client. Understand why you are starting the business.

    Next, you need the actual plan—your business plan. It gives you direction and helps you and your potential investors understand your goals and the milestones you hope to achieve. A properly drafted business plan helps you get loans from the bank if you really need any.

    Conduct Thorough Market Research

    Conduct market research. There may be a rising need for green homes, or perhaps the university in your city needs more residential spaces. Researching will help you decide the sector to specialize in. Educate yourself on the aspects of real estate. If you are completely new to this, consider finding a mentor to help you initially. He/she may aid you in finding contacts, giving you a running list of dos and don’ts, whom to target, and so on.

    Apart from choosing a type of real estate to deal with, you also need to decide your specialty, which can be anything like residential brokerage, land development, property management, etc. Select the specialty you have the most knowledge about. You can add to your job titles as you gain experience.

    Obtain Necessary Licenses and Register Your Business

    RERA Registration
    RERA Registration

    The Real Estate Regulation Act (RERA) of 2016 was established to convert the process of dealing with real estate into a clear, legally defined, transparent process. No real estate agent can act without being registered. To get a real estate license in India, one needs to submit the required documents and wait for a thirty-day period for its approval or rejection.

    Any law firm or senior agent can help you out with the documents required for a real estate license in India and the process. The license is valid for five years. Any misconduct will lead to the revocation of your license.

    Here are some general licenses and documents that are typically required:

    Real Estate License: As mentioned above, according to the Real Estate Regulation Act (RERA) of 2016, all real estate agents must register themselves and obtain a license before they can operate legally. You can apply for a license through the RERA website or office in your state or union territory. To apply, you will need to submit the following documents:

    • Application form
    • Identity proof (such as PAN card, Aadhaar card, or passport)
    • Address proof (such as electricity bill, telephone bill, or rental agreement)
    • Photographs
    • Educational qualifications (if any)
    • Details of any prior convictions (if any)

    PAN Card: A Permanent Account Number (PAN) card is a mandatory document for all individuals and businesses in India that carry out financial transactions.

    GST Registration: If your real estate business has an annual turnover of more than Rs. 20 lakhs (or Rs. 10 lakhs for businesses in northeastern states), you will need to register for the Goods and Services Tax (GST) and obtain a GSTIN.

    Business Registration: You will need to register your real estate business as a legal entity, such as a sole proprietorship, partnership, limited liability partnership (LLP), or private limited company. The specific documents required for registration may vary depending on the type of business entity you choose.

    Bank Account: You will need to open a separate bank account for your real estate business and obtain a Business Identification Number (BIN) from the bank.

    Insurance: It is advisable to obtain insurance coverage for your real estate business, such as professional indemnity insurance, public liability insurance, and property insurance.

    These are some of the licenses and documents that are typically required to start a real estate business in India. However, it is recommended that you consult a lawyer or a chartered accountant to ensure that you have all the necessary licenses and documents as per the local laws and regulations.

    Manage Your Finances Effectively

    Starting a real estate business in India requires a strong financial foundation, as there are many costs associated with setting up and running the business. These costs may include startup expenses such as legal fees, registration fees, and licensing fees. Additionally, you will need to consider ongoing expenses such as office space rental, employee salaries, marketing expenses, and other operational costs.

    While it is possible to finance your business through loans, having a revenue source at hand can help ease the financial burden and provide a more stable foundation for growth. It’s important to have a solid business plan in place that includes a detailed budget and projections for revenue and expenses.

    If you’re considering a career in “flipping” developments, keep in mind that this can be a high-risk, high-reward venture that requires a significant amount of upfront capital. Before embarking on this type of project, it’s important to do thorough research and analysis to ensure that it is a viable opportunity and that you have the financial resources to see it through.


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    Build Your Team

    A new real estate business is a startup. And every startup needs a great team. What makes a great startup team is another story altogether. In essence, having the right team can put you miles ahead of your competitors. Brilliant, dedicated, and all-around coordinated is how your team needs to be.

    Choose an Effective Company Name

    The name of your real estate business is crucial as it will be the first thing your potential clients will notice. It is important to choose a name that reflects your brand’s values and inspires trust in your target audience. Your company name should be unique, easy to remember, and professional.

    Consider using a name that is easy to pronounce and spell, and avoid using abbreviations or acronyms that may confuse people. Conduct a thorough search to ensure that your chosen name is not already in use by another real estate company.

    Your company’s name is not just a label, but it is also a reflection of your brand identity. Choose a name that embodies your mission, vision, and values, and that differentiates you from your competitors.

    Create a Professional Office Space and Company Culture

    While most of your work in real estate will take place outside of the office, your workspace still plays a critical role in creating a positive impression on clients. Your office should reflect the culture and personality of your business, making clients feel welcome and comfortable.

    Consider investing in high-quality furnishings and décor that align with your brand values. Ensure that your office is well-maintained, clean, and organized. The layout of your office should be functional, with a comfortable waiting area, private meeting rooms, and adequate space for your team to work.

    Remember that your office is the face of your business, so it is essential to create a professional and welcoming environment that inspires confidence in your brand.

    Establish Your Online Presence

    In today’s digital age, having a strong online presence is crucial for any business, including real estate. To reach a wider audience and establish your brand, it’s essential to build a website and create accounts on popular social media platforms. Hiring a professional developer can help you create an engaging website that provides all the necessary details and is easy to navigate. Additionally, brushing up on your SEO skills can help improve your website’s visibility on search engines.

    Remember, your digital identity is the first impression that potential customers have of your business, so make sure to be available and responsive to their needs 24/7.

    Expand and Grow Your Business

    As you gain experience and success in the real estate industry, it’s essential to think about expanding your business. This can involve opening branches in other cities, specializing in other sectors, or hiring more employees to handle increased demand. Attending conferences and networking events can help you broaden your reach and establish connections with other industry professionals.

    Remember to always iterate and improve your business strategy as you grow. Continuously seeking out new opportunities and staying up-to-date with industry trends can help you stay ahead of the competition and achieve even greater success.

    Conclusion

    In the end, the success of your real estate business in India will depend on the value you provide to your customers. It is important to prioritize excellent customer service and stay up-to-date on market trends. With the current frenzy in land development due to overpopulation and a growing economy, it is difficult to predict how demands will change. Staying vigilant and adapting to new trends can help you meet the needs of your clients and stay competitive in the market.

    Investing in land or property is a significant decision for many individuals who have been saving up for it their whole lives. As a real estate agent, you have the responsibility of making your clients’ dreams come true, which can be both rewarding and challenging. By providing quality services, building a strong network, and expanding your business, you can establish a successful real estate career in India.

    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 I start a real estate business in India?

    Here’s how you can start a real estate business in India:

    • Refine Your Business Idea
    • Develop a Comprehensive Business Plan
    • Conduct Thorough Market Research
    • Obtain Necessary Licenses and Register Your Business
    • Manage Your Finances Effectively
    • Build Your Team
    • Choose an Effective Company Name
    • Create a Professional Office Space and Company Culture
    • Establish Your Online Presence
    • Expand and Grow Your Business
  • Top 10 Richest Real Estate Developers in India

    Real Estate is always considered as one of the best investments by Indians. There are several real estate companies in India. In a country like India where the population is increasing, the real estate industry is considered to grow much more in the near future.

    The increase in demand for the real estate will increase the wealth of the real Estate developers in the country. The covid-19 pandemic and the lockdown had dragged down the real estate industry.

    List of Richest Real Estate Developers in India

    1. Mangal Prabhat Lodha and family
    2. Rajiv Singh
    3. Chandru L Raheja and family
    4. Jitendra Virwani
    5. Niranjan Hiranandani
    6. Vikas Oberoi
    7. Raja Bagmane
    8. Subhash Runwal
    9. Ajay Piramal and Family
    10. Atul Ruia

    Richest real estate developers in India

    Mangal Prabhat Lodha and family

    Net Worth: INR 36,733 Crore
    Real Estate Business Name: Lodha Group

    Remarkable Projects of Lodha Group: The World Towers, Trump Tower Mumbai, Lodha Park

    Mangal Prabhat Lodha - Richest real estate developers in India
    Mangal Prabhat Lodha – Richest real estate developers in India

    Mangal Prabhat Lodha is the founder of Lodha group which is an Indian real estate company. It is headquartered in Mumbai, India.

    The company has developed residential and commercial properties in and around India which include Mumbai, Thane, Pune, Hyderabad, and London.

    Rajiv Singh

    Net Worth: INR 61,220 Crores
    Real Estate Business Name: DLF

    Remarkable Projects of DLF: Shivaji Park, Model Town, and Kailash Colony

    Richest real estate developers in India
    Rajiv Singh – Richest real estate developers in India

    Rajiv Singh is the chairman of the DLF company. Delhi Land & Finance (DLF limited) is a commercial real estate that was founded by Chaudhary Raghvendra Singh in 1946. The company is based in New Delhi, India.

    Chandru L Raheja and family

    Net Worth: INR 29,547 Crore
    Real Estate Business Name: K Raheja Corp.

    Remarkable Projects of K Raheja Corp.: Mindspace, Shopperstop, InOrbit, and Commerzone

    Chandru L Raheja - Richest real estate developers in India
    Chandru L Raheja – Richest real estate developers in India

    Chandru Raheja is the founder of the company K Raheja Corp. K Raheja Corp is a Real estate developer in India. It was founded in the year 1956 and has its headquarters in Bangalore, India. The company develops commercial and residential projects, hospitality, and malls across the country.

    Jitendra Virwani

    Net Worth: INR 15,172 Crore
    Real Estate Business Name: Embassy Office Parks

    Remarkable Projects of Embassy Office Parks: Manyata Embassy Business Park, Embassy Tech Zone

    Jitendra Virwani - Richest real estate developers in India
    Jitendra Virwani – Richest real estate developers in India

    Jitendra Virwani is the managing director and the chairman of the Embassy Office Parks. The company was founded in the year 1993 and is located in Bengaluru, India. In August 2020, Embassy agreed to merge its residential and commercial projects with listed Indiabulls Real Estate.

    The company develops commercial, residential, industrial warehouse spaces, retail, education, and hospitality. The company has developed projects in and around India which include Bengaluru, Chennai, Hyderabad, Pune, Coimbatore, Serbia, and Malaysia abroad.

    Niranjan Hiranandani

    Net Worth: INR 11,978 Crore
    Real Estate Business Name: Hiranandani Group

    Remarkable Projects of Hiranandani Group: Hiranandani Sands, Hiranandani Fortune City, Hiranandani Parks, Mount Alterra, Hiranandani Business Park, and Hiranandani Signature – GIFT City

    Niranjan Hiranandani - Richest real estate developers in India
    Niranjan Hiranandani – Richest real estate developers in India

    Niranjan Hiranandani is the co-founder and managing director of the Hiranandani group. The company was founded in the year 1978 in Mumbai, India. This group is one of the largest real estate groups in India. He is also ranked by Forbes among the 100 richest Indians.

    This company develops health, education, hospitality, and energy spaces. The company has developed projects across Bangalore, Mumbai, and Chennai.


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    Vikas Oberoi

    Net Worth: INR 23,956 Crore
    Real Estate Business Name: Oberoi Realty

    Remarkable Projects of Oberoi Realty: Oberoi Garde, Oberoi Seven, Oberoi Woods, Oberoi Exquisite, and Oberoi Esquire

    Vikas Oberoi - Richest real estate developers in India
    Vikas Oberoi – Richest real estate developers in India

    Vikas Oberoi is the chairman and managing director of Oberoi Realty. The company is based in Mumbai and was founded in the year 1980. The company develops offices, apartments, shopping malls, and hotel spaces.

    Raja Bagmane

    Net Worth: INR 16,730 Crore
    Real Estate Business Name: Bagmane Developers

    Remarkable Projects of Bagmane Developers: Bagmane Tech Park, Bagmane World Technology Centre, and Bagmane Solarium City

    Raja Bagmane - Richest real estate developers in India
    Raja Bagmane – Richest real estate developers in India

    Raja Bagmane is one of the directors of Bagmane Developers. The company was founded in the year 1996 and is located in Bengaluru, India.

    The company is involved in real-estate activities which include buying, selling, renting, and operating self-owned or leased real estate.

    Subhash Runwal

    Net Worth: INR 11,450 Crores
    Real Estate Business Name: Runwal Group

    Remarkable Projects of Runwal Group: R City Offices, R square, and R City Mall

    Subhash Runwal - Richest real estate developers in India
    Subhash Runwal – Richest real estate developers in India

    Subhash Runwal is the founder and chairman of the Runwal group which was founded in the year 1978. The company is known for building homes in the city and suburbs. The company even owns several malls.

    Ajay Piramal and Family

    Net Worth: INR 29,540 crore
    Real Estate Business Name: Piramal Group

    Remarkable Projects of Piramal Group: Piramal Mahalaxmi, Piramal Vaikunth, Piramal Reventa, Piramal Aranya, and Piramal Agastya

    Ajay Piramal - Richest real estate developers in India
    Ajay Piramal – Richest real estate developers in India

    Ajay Piramal is the founder and chairman of the Piramal group which was founded in 1984 located in Mumbai, India. He has also been awarded the Business Leader of the Year Award, 2018, International Advertising Association Leadership Awards.

    The company has a presence in various sectors such as healthcare, life sciences, drug discovery, financial services, real estate, and many more. The company had formed its own real estate company, Piramal Realty.


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    Atul Ruia

    Net Worth: INR 8,782 Crore
    Real Estate Business Name: The phoenix Mills Limited

    Remarkable Projects of The phoenix Mills limited: One Bangalore West, Rajajinagar, and Phoenix Fountainhead

     Atul Ruia - Richest real estate developers in India
    Atul Ruia – Richest real estate developers in India

    Atul Ruia is the owner of the Phoenix Mills Limited. The company was opened in the year 1996 and is located in Mumbai, India. Atul Ruia is also on the board of 19 other companies.

    The company owns the High street Phoenix which was formerly known as Phoenix mall. It is one of the largest shopping malls in India. In addition to the mall, the compound has a 5-star hotel, a multiplex, a residential tower, and a commercial space.

    Conclusion

    This is the list of the richest real estate developers in India. Real estate sector is one of the most acknowledged sectors in the world and is expected to grow more than double in the coming years. Indian Billionaires in the real estate businesses are adding up with huge net worth. Urbanisation and rising household income has made the industry grow unprecedently.

    FAQs

    Who is real estate king in India?

    Mangal Prabhat Lodha is known as real estate king in India.

    Who owns most land in India?

    Indian Govt is the biggest land holder in India.

    Who is the richest real estate developer?

    Donald Bren is the richest real estate developer with an estimated net worth of $15.5 billion.

    Who are the Richest real estate developers in India?

    Top 10 richest real estate developers in India are:

    • Mangal Prabhat Lodha and family
    • Rajiv Singh
    • Chandru L Raheja and family
    • Jitendra Virwani
    • Niranjan Hiranandani
    • Vikas Oberoi
    • Raja Bagmane
    • Subhash Runwal
    • Ajay Piramal and Family
    • Atul Ruia

    Who are the real estate billionaires in India?

    Real estate billionaires in India are:

    • Mangal Prabhat Lodha and family
    • Rajiv Singh
    • Chandru L Raheja and family
    • Jitendra Virwani
    • Niranjan Hiranandani
    • Vikas Oberoi
    • Subhash Runwal
    • Ajay Piramal and Family
    • Atul Ruia
    • Kushal Pal Singh
    • Mofatraj Munot
  • 9 Proven Lead Generation Strategies for Growing Real Estate Business

    There is a rising trend in demands for small and big properties in the real estate business due to the continuous growth of industries in big cities. People are searching for short-term rental homes and investments in big properties. In this highly competitive real estate market, property builders and real estate agents need to fix at least 80% results to get leverage in the market. Lead generation is the biggest goal for them so they can expect to capitalize on the best opportunities in the end.

    Lead generation is a challenging task in the real estate business. It requires to personalize communication at every stage of the sales cycle. The first step is to build trust in your fresh prospects which can be used to get extra mileage further in the sales process. Mouth referrals work quickly and give good returns!

    Understand the market trend and implement the best strategies to generate constant leads in real estate. There are a lot of ideas you can apply on tried and tested basis but I am listing out the best strategies that certainly will increase your pipelines with fresh prospects.

    1. Acquire Networks
    2. Join Marketplace
    3. Ask for Referrals
    4. Build Partnerships with Local Businesses
    5. Leverage Social media
    6. Employ Video Marketing
    7. Create Content Marketing Campaigns
    8. Optimize Your Website for SEO
    9. Attend Expos and Tradeshows

    1. Acquire Networks

    Networking means in the real-estate business is to make connections with potential prospects with an idea to convert them into a reality. There is no harm to start with the traditional way of marketing like getting into the doors of the neighbourhood, introducing your best offers, calling numbers to potential buyers, distributing pamphlets and flyers, and so on.

    It increases your network but in the digital age, you have to keep pace with modern technologies to run on the same track. You have a better chance to attract and convert leads through relevant content and incentivized deals.

    You can contact your target customers through email marketing and make them aware of your lucrative offers for their delights. It keeps alive your name and brand in your networks. According to the survey of NAR conducted in 2020, 88% of buyers purchased their homes through real estate agents only.

    To expand your real estate network:

    • Create a user-friendly website with enriching UX design, easy navigation, clear and simple information, detailed description of the area, amenities, sizes, price, landscape views, and graphical and statistical presentation of progress report to display a professional outlook. Your website is a medium through which your clients know about you.
    • Engage with the community, join business events, participate in local groups, and gatherings and expand your social circle.

    2. Join Marketplace

    Add your properties in the marketplace where prospective clients can know about details and communicate with you. The online marketplace can generate leads in a short time.

    Facebook and Instagram have effective marketplace to promote the real estate housing business. There are so many advertising houses/groups on social media where you can join and advertise your properties. You can discuss with people, know their expectations, promote your deals with attractive prospective and offer incentives and discounts also.

    Collect leads data, their interest, and price range, then keep track of leads and improvise your process and strategies as needed. Start personalized communication with leads based on their interest and showcase your offerings that target their demands.

    3. Ask for Referrals

    According to the NAR survey, 64% of sellers found their agents through referrals from friends, neighbours, or relatives. Referrals do half the task done and you just need to nurture your leads than pursue them to listen to you. Ask for referrals from your old buyers and satisfied clients.

    Referrals work like a magic and automatically generate leads for you. If you are new, you can have contact with some organizations on mutual interests and in return, they can refer to your name.

    Lead generation in the real estate business is a quite challenging task and you are stressed to increase your efficiency by converting most of the leads into the actual buyers. Your focus should be on making personal contact, building relationships, and fixing one-on-one meetings with the leads to get the quality output.

    It is essential to make a comprehensive strategy for tracking and managing leads, making phone calls, pursuing personalized communication, emailing, and physical meetings so you can analyze the process and work on shortcomings.

    4. Build Partnerships with Local Businesses

    Build mutually beneficial partnerships with insurance companies, personal bankers, lenders, near about hospitals, bakeries, hardware, etc, and try to co-host events for forming common clients. Offer discounts to clients for using referred connections so you and your partners can nurture leads for common growth.

    5. Leverage Social media

    Social Media Marketing is an indispensable strategy that cannot be excluded in the age of digital marketing. Facebook, Instagram, LinkedIn, and Twitter are popular mediums to exploit the potential of online resources. LinkedIn creates professional networking and through LinkedIn ads, you can have potential leads. Facebook and Instagram are cost-effective lead generation mediums that enable to join different online groups and events to communicate with target clients.

    You can give a personal touch to your content and post-eye-catching visuals to gather traffic. Facebook ads and Facebook groups create target audiences who are easy to track and manage in the lead generation process. You can evaluate your success rate and decide to further continue on ads or look for other strategies.

    6. Employ Video Marketing

    According to a survey, 73% of prospective clients are interested in watching the video about the house properties. YouTube videos are an effective medium to communicate with your leads and impress them with enticing landscape views of buildings, gardens, and apartments.

    Use a good camera, lighting equipment, sound narration, and editing software to give it a professional touch. Create an impacting video that covers all aspects of marketing strategies including, client interviews, live question and answer streaming, agent profile, yearly progress, real estate events, and information.

    7. Create Content Marketing Campaigns

    Create email templates, newsletters, and blogs to communicate with your subscribed leads. You can convey your leads about valuable insights, discounts, mortgage rates, best listing, and relevant details about your existing and upcoming housing projects through regular newsletters and email communication.

    Organize your subscribed leads on various criteria and interests and send them relevant promotional content. Apart from this, articles and client testimonials, backlinks, community news, and social media links can also contribute to bringing leads to your content.

    8. Optimize Your Website for SEO

    Buyers often search on Google for new homes and properties so a good search engine ranking increases your visibility. SEO optimization and keyword-rich content increase Google ranking for your blog content in the search engine. Update your website or blog with valuable content and time-based trends or events. Search engine visibility increase website traffic and generate online leads for your content.

    Segment your leads based on their interaction with the websites, demographics, and interests, and create buyer’s personas to tailor emails, educational materials, and newsletters. It enhances personalization and target communication with leads.

    9. Attend Expos and Tradeshows

    Local or global events and tradeshows are good platforms to showcase your real estate projects and create awareness about your name and brand. Communicate with potential buyers or partners, distributes some flyers, and pitch the ground to generate leads for your real estate property. You also can have an opportunity to meet with industry experts and gain insights into the latest and upcoming trends.

    Conclusion

    Applying strategy is not enough if you are not aware of its progress or lacking, analytically. You need to constantly evaluate your current strategies to track their progress in the lead generation and conversion process. However, there is no fixed strategy to generate real estate leads, you have to be flexible enough to implement changes in your current strategy or apply a new one if fresh prospects are coming into the sales funnel.

    Be agile to incorporate any new strategy; sometimes take a step back, analyze and then move forward with the set target. Always be ready to experiment with a fresh outlook along with the flow of knowledge about market statistics and trends.

    Nurture your leads with trust, and positive relationships and constantly engage them in communication to fix sales deals within an expected time frame. Your satisfied clients can contribute to spreading your name further by positive reviews and references.

    FAQs

    How to generate leads for real estate?

    You can optimize your website for SEO, join marketplaces, ask for referrals, build partnerships with local businesses, and leverage social media.

    What are some of the types of real estate leads?

    Referrals, Organic, Portals, PPC, and Social Media

  • 99acres.com – The Story of India’s No.1 Property Portal

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by 99acres.

    In a world full of hectic schedules people really do not have time to go outside to search for homes or properties. Or maybe if a family is shifting from Mumbai to Pune, it is not an easy task to find a home in the new city. But things are not this difficult these days. Thanks to the real estate property search portals. One of the leading property search portals that lakhs of Indians rely on is 99acres.com. Here is the story of 99acres.com, India’s No.1 Property Portal.

    99acres – Company Highlights

    Startup Name 99acres
    Headquarters Noida, Uttar Pradesh, India
    Sector Real Estate
    Founder Sanjeev Bikhchandani
    Founded 2005
    Parent Organization Info Edge
    Website 99acres.com

    99acres – About
    99acres – Founder
    99acres – Business Model & Revenue Model
    99acres – Investments
    99acres – Competitors
    99acres – Growth
    99acres – FAQs

    99acres – About

    99acres.com was founded in 2005 by Sanjeev Bhikhchandani, a Padmashri award-winner entrepreneur. Today 99 acres is a leading real estate search portal of India, which assists you in buying, selling, and renting real estate properties. 99acres.com is not just about finding and advertising residential properties, you can also find and list commercial properties, upcoming real estate projects, PGs, and co-working and co-living spaces via 99acres.com. You can also find dealers in a given area through the website.

    Logo, 99acres

    99acres is the subsidiary of Info Edge. Other than 99acres.com, Info Edge is also the parent company of other popular businesses like Naukri.com, naukrigulf.com, Firstnaukri.com, AmbitionBox, and jobhai.com.

    99acres.com – Founder

    Sanjeev Bikhchandani

    Sanjeev Bikhchandani, founder 99acres.com(Info Edge)
    Sanjeev Bikhchandani, founder 99acres.com(Info Edge)

    Sanjeev Bikhchandani is a renowned name in the Indian Business community. Born in 1964 in Delhi, Bikhchandani is an Economics graduate and alumni of IIM Ahmedabad. Bikhchandani, from a young age, had a bent towards entrepreneurship and tried his hands in various small businesses.  Naukri.com India’s pioneer job search portal is the brainchild of Sanjeev Bikhchandani. The Naukri.com idea was developed by Bikhchandani while he was working out of a small servant quarter above a garage. The seed capital for starting Naukri.com was just Rs 2000. Later Naukri.com went on to become the first dot-com company to be listed on the Indian stock exchange. Besides 99acres.com and naukri.com, Sanjeev Bhikchandani is the mind behind popular sites like siksha.com, naukrigulf.com, and jeevansathi.com. Bikhchandani was awarded the prestigious Padmashri award in 2020. He has received many rewards and recognition for his contribution to the Indian economy and business.

    99acres – Business Model & Revenue Model

    The business model of 99acres is very simple. 99acres.com connects real estate buyers and sellers, house owners, and tenants.  Sellers, house owners, and property dealers can list their real estate properties, post pictures of their property, and find interested buyers and tenants. While a limited number of listings is free on 99acres.com, once the limit is over, one needs to pay for the listing.

    99acres.com’s primary sources of revenue are

    • property listing charges
    • subscription fees
    • charges for marketing real estate properties, new real estate projects on the 99acres.com website
    • Charges for Ads on Website
    • Charges for promoting and featuring builders and dealers on the  website

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    99acres – Investments

    In November 2018, 99acres invested $1Million in BigStylist, A Salon at Home Service.

    Date Funding Round Money Invested Organization Name
    November 8, 2015 Seed Round $1 million BigStylist

    99acres – Competitors

    The top competitors of 99acres.com are MagicBricks, Housing.com, and IndiaProperty.

    MagicBricks

    It is the top competitor of the company 99acres. The company is headquartered in Noida, Uttar Pradesh, India, and was founded in 2006.

    Housing.com

    It is seen as one of the top competitors of 99acres. The company is headquartered at Gurgaon, Haryana, India, and was founded in 2012.

    IndiaProperty

    IndiaProperty is headquartered in Chennai, Tamil Nadu, India, and was founded in 2006.


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    If we have to point out some of the worst fights online, the fight between99acres Vs. MagicBricks will be one of them. The two have been in real estatefor years, but their fight has made more headlines than their achievements inthe real estate business. The 99acres Vs. MagicBricks conflict surely…


    99acres – Growth

    99acres.com is performing well and has contributed a huge chunk to the growth of its parent company Info Edge. In quarter II of 2019, Info Edge’s revenue jumped to Rs ₹316.6 crores from ₹265 crores, which was the revenue in the 2nd quarter of 2018. This jump in revenue was supported by 99acres.com’s 20% growth in revenue and billing in the same quarter.

    However in January 2020, in an interview given to ETNOW, Hitesh Oberoi, the MD, and CEO of Info Edge India Ltd said that 99acres.com’s growth is declining due to the slowdown of the real estate market. But he expected the things to turn for better in a year or two.

    Further, the real estate segment also suffered due to the Covid induced Lockdown, which resulted in a decline in revenue for 99acres.com. In the Q4 of Fy 2020, 99acres.com’s billings fell by 24%  Y-0-Y to INR 50.7 Cr from INR 66.7 Cr. Revenue for Q4 of FY 2020 increased by 3.6% Y-o-Y to INR 56.4 Cr. Q4 EBITDA is INR 2.2 Cr.

    On an annual basis, billing and revenue for Fy 2020 increased by 3.5% and 18.8% respectively. Thus billing for FY 2020 is INR 213.9 Cr and revenue for FY 2020 is INR 228 Cr. EBITDA for FY 2020 is INR 8.4 Cr.

    Traffic to 99acres.com that declined to single-digit due to the Lockdown, is now slowly bouncing up.

    99acres – FAQs

    Who is the owner of 99acres?

    Sanjeev Bikhchandani is the founder/owner of 99acres.com.

    Is 99acres Free?

    A limited number of listings is free in 99acres. 99acres is completely free for property searchers.

    Is 99acres Profitable?

    In Q1 of Fy 2020, 99acres posted a Rs 3.4 Crore Loss before Tax. In Q1 of FY 2019, 99acres reported Rs 12.86 Crore Loss before Tax.

  • Top 10 Business Ideas to Start in UAE

    As an entrepreneur, one must always think and plan to expand his or her business and always be on the lookout for opportunities. These opportunities can be in your home country or the land the of wealthy, UAE. The lifestyle in the UAE is posh and lux since it is home to some of the wealthiest people in the world.

    Trading or manufacturing quality goods or providing worthy service can take to new financial heights as people here are willing to spend money on quality goods and services. With a growing population, needs are increasing and so are the opportunities.

    Top 10 Business Ideas to Start in UAE

    1. Construction Agency
    2. Real Estate Agency
    3. Business in Health Sector
    4. Consultancy Service
    5. Beauty Brand or Store
    6. E-commerce Solutions
    7. Fish Farming
    8. Recycling
    9. Security Service
    10. Jewellery Making

    How to start a business in UAE

    Top 10 Business Ideas to Start in UAE

    If your wish to start your business in the UAE, below are some best business ideas that you can choose from.

    Construction Agency

    Constriction Business in UAE - Business ideas in Dubai
    Constriction Business in UAE – Business ideas in Dubai

    A Construction Agency in the UAE can be one of your best bets if wish to start a new business.  Due to numerous foreign investors seeking residential opportunities in Dubai and booming real estate has led to increased opportunity in the construction sector. Your agency can build for residential as well as commercial projects. It is one of the most profitable ventures in the UAE.

    Real Estate Agency

    Real Estate Agency in UAE - Business ideas in Dubai
    Real Estate Agency in UAE – Business ideas in Dubai

    Real estate has one of the greatest business opportunities in Dubai. There is almost a race going on for skyscrapers. The main reasons for this include increasing rent moderation, supply, and changing demand for executive positions in the employment market. Therefore, it could be a great opportunity for real estate entrepreneurs to initiate a real estate business in the UAE, especially in Dubai

    Business in Health Sector

    Healthcare Business in UAE - Business ideas in Dubai
    Healthcare Business in UAE – Business ideas in Dubai

    The UAE has reported higher birth rates, increased life expectancy, a rapidly shifting epidemiology profile, and a rise in the incidence of noncommunicable diseases. All these factors, combined with a shortage of healthcare workers, and low insurance penetration rates, create bright opportunities for firms looking to enter the health care sector in the UAE.

    Many big players in the health sector of UAE from the Gulf Capital itself and also London have seen splendid numbers in revenue. The investment bank Alpen Capital has estimated the healthcare spending in the UAE to expand by 13.1% annually in the next four years. This means that entrepreneurs looking to enter the healthcare sector in the UAE can have a healthy future.


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    Entrepreneurs and people looking to invest in businesses have never had itbetter than they do today. Along with online platforms that provide highervisibility to startups [https://startuptalky.com/tag/gurugram-startups/] and SMEs,consumers are displaying more acceptance and appreciation for produ…


    Consultancy Service

    Consultancy Business in UAE - Business ideas in Dubai
    Consultancy Business in UAE – Business ideas in Dubai

    With the increasing number of businesses in the UAE, the need for consulting services is at an all-time high. Most of the companies in the UAE are new and at the incubation phase so they require advisory for efficient resource management.

    These companies generally outsource their planning and strategy to skillful consultants for more accurate and achievable solutions. Therefore, starting a consultancy can be very profitable since there’s no scarcity of clients in the UAE marketplace.

    Beauty Brand or Store

    Beauty Store Business in UAE - Business ideas in Dubai
    Beauty Store Business in UAE – Business ideas in Dubai

    The UAE is the land of wealthy consumers that are very much interested in beauty products. It is one of the best marketplaces for luxury beauty brands to thrive and trader to generate amazing sales. People are willing to spend their money on expensive products if they’re worth it.

    The diverse market has many options to choose from. Skincare, Makeup, Haircare, and Fragrances back their seller with great profits. Fragrances constitute a major chunk of the revenue as it is widely used in UAE. If you manage to build a great collection, there’s no limit to what you can achieve.


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    In a survey conducted by lifestyle experts, it is found that the cosmeticsindustry has been grown by 60% in the last five years in India. With this, therehas been an increase in the parlour or salon industry too by 35%. It is abooming business and attracts customer of most age group whether it is…


    E-commerce Solutions

    E commerce business in UAE
    E commerce business in UAE – Business ideas in Dubai

    The Covid-19 pandemic proved to be a catalyst in the growth of the online business sector. It accelerated the growth of e-commerce to new heights. Just in the initial months of 2020, UAE saw a 300% increase in the demand for e-commerce among its customers. Thus, a company to provide easy ways out to such business owners are bound to make profits.

    Since many established brands are tilting towards e-commerce, it inevitable that they’re going to need expert solutions in the process which such companies are going to provide.

    Fish Farming

    The UAE primarily depends on imports to meet its food supply demands. To ensure food security, the government is encouraging foreign and local investments in aquaculture developments. They are willing to provide several incentives for the sector, along with fingerlings of local species, curating aquaculture frameworks, reducing institutional and investment constraints, and mapping out suitable sites for development.

    These incentives are coupled with the gradual increase in fish prices have made aquaculture in the region an attractive investment and business proposition.


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    Recycling

    Recycling Business in UAE - Business ideas in Dubai
    Recycling Business in UAE – Business ideas in Dubai

    Recycling is a relatively infamous yet profitable business. People have made millions in waste. Retail outlets in malls and high-end stores undergo a revamping procedure every two to three years as part of a clean image campaign. This creates opportunity and revenue for contractors.

    UAE government is working towards supporting such businesses as they need to manage their overall waste generated each year. Recycling also has great potential in the construction sector as it accounts for 60-70% of the total waste generated.

    Security Service

    Security service business in UAE - Business ideas in Dubai
    Security service business in UAE – Business ideas in Dubai

    There are Security Companies in the UAE that protect the people, private properties, and government entities. It is a profitable business option as there will always be a demand for security guards in the UAE. But you need to decide on a free zone or mainland setup.

    If you choose to establish your business in the mainland, you can freely trade with the local market. You can bid for government contracts that can be quite lucrative. On the other hand, is a free zone, you get 100% exemption from customs tax.

    Jewellery Making

    Home to numerous wealthiest individuals from the world, UAE is the perfect place to line up a jewellery company. The government has created specific rules and regulations to impose check-ups on those who bring gold or other valuable metals which are sold within the Dubai Souk.

    The UAE jewellery market had grossed 12 billion dirhams by 2020. Dubai leads the UAE jewellery market as it has tourists who find it cheaper than their home countries and enjoy an outstanding range of exquisite jewellery.

    Conclusion

    These were some fields in which you can make great profits in the UAE. With supportive laws, some of these sectors can also be sustainable in the long run. Rising demands are creating a market for new businesses that generate great sales and build a strong customer base. You too can establish a successful business in the UAE if you play by the rules, understand the culture, and offer quality service.

    FAQs

    Which business is profitable in UAE?

    Real estate, Business Consultancy and Healthcare are some of the profitable business ideas you can start in UAE.

    Is UAE good for business?

    Low tax rates, low import duties, free trade agreements, state of the art infrastructure, and a lot of other benefits makes the United Arab Emirates (UAE) a great place to start a new business.

    Can a Foreigner start business in Dubai?

    Yes, Any Foreigner can start a business in Dubai.

  • Top 12 Creative Real Estate Marketing Ideas that Will Surely Attract Customers to your Business

    When you start a business, marketing is one of the most significant things that must be done. The entire survival of your dream business depends on the way of marketing. Proper marketing will not only bring you the right customers but will also help you in increasing your sales and building the name of your brand. It helps in building a long-term relationship with your customer.

    The same goes for property business as well; you need to form a proper marketing strategy so that clients can get aware of your property and will eventually buy it. Getting the right customer, especially for property businesses takes time and for that, the marketing game of your business needs to be extremely strong. In this article, we will discuss some of the best ways to market your property business, so let’s get into it.

    “Real Estate provides the highest returns, the greatest values, and the least risk.” –Armstrong Williams

    1. Build a Website
    2. Create Blogs
    3. Start Email Marketing Campaign and Newsletters
    4. Virtual Staging
    5. Use Instagram to Market your Property
    6. Use a Drone to Photograph your Property
    7. Employ Experiential Marketing
    8. Seek Social Media Influencers
    9. Use Television and Radio
    10. Ask for Referrals
    11. Build your Brand
    12. Create and Upload Videos of your Property
    FAQ

    1. Build a Website

    Build a website for your business
    Build a website for your business

    At a time we are living in, if your business is not online, then you are missing from the big game. Your online presence matter, as customers often search on the internet for the things that they need, even if it’s a property.

    So, creating a proper website for your business is the first step of online marketing, it will give the potential buyers an idea of what your business possesses and if they are interested in it. Keep updating properties on your website and add new contents, don’t put too many ads, it can backfire. Make it eye-soothing and informative.

    2. Create Blogs

    Creating a blog will give your potential client an idea about you and your business. Create content for your blog, give information about what real estate is all about, and add some interesting facts about real estate. If you want to attract more customers, use creative images for your posts. Link your website with your blog, so that they can find your business website easily.

    3. Start Email Marketing Campaign and Newsletters

    One of the best ways to make people aware of your business is by personally notifying them, and what’s better to do that than through email newsletters. Through email marketing, you can get email addresses and can send all the information related to your business, your blogs, and the properties that are waiting to get checked to the people who are interested through newsletters.

    4. Virtual Staging

    Virtual Staging
    Virtual Staging

    Thanks to the internet, anything and everything is possible online, instead of physically presenting the property and how it actually looks, you can give a sneak peek or an online tour of the said property to your customers and save time and money for yourself.

    5. Use Instagram to Market your Property

    There is hardly anyone that doesn’t use social media and among them one of the most popular is Instagram. Promote your property business on social media, create a page and upload the pictures and videos of your properties that are on sale. This way you can capture the attention of your potential buyers.

    6. Use a Drone to Photograph your Property

    Drones are the new obsession, they help capture the image of the entire area. If you use a drone to photograph then customers will also have an idea of the surrounding of your property. Plus this will give an elite feeling to your customers about their potential future home.

    7. Employ Experiential Marketing

    In experiential marketing, you can hold an event and invite people to take a tour of the property, that you’re willing to sell. Also, enlighten them about the process of buying your property. This will give them an idea of what is in front of them.

    8. Seek Social Media Influencers

    Hire Influencers
    Hire Influencers

    As the term already said, it is all about influencing people. On a small budget, you can actually attract the attention of thousands of people, select the platform that you think will be better for you, hire a social media influencer that you think is perfect for the job, and get ready to do the deed.

    9. Use Television and Radio

    To make people aware of your business put advertisements regarding that on television and radio. These two are the ultimate medium to advertise real-estate properties.

    10. Ask for Referrals

    Your customers are your best advertisers. The people who have brought properties from you, politely ask them for referrals. Try to build your network and ask your customers to refer your business to their friends, families, and acquaintances.


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    11. Build your Brand

    Create a logo and a brand name for your business. This way it will help your customers to identify and distinguish you from others and attract them to indulge themselves in your business.

    12. Create and Upload Videos of your Property

    Create Videos of the Property
    Create Videos of the Property

    Take some videos of the property that you’re trying to sell and upload those to your website and social media handles. This way, you will be able to attract potential customers through those clips.

    Conclusion

    Marketing is the soul of any business and when it comes to properties, its importance increases ten times. It is a big investment, so naturally, not everyone will be willing to do that, but with proper marketing ways, you can find your customers that are looking for their forever homes. With the right techniques, you can also sell them the property of their dream.

    FAQ

    What are some examples of marketing strategies in real estate?

    Create blogs, Build a website, Hire influencers to promote your brand, ask your customers for referrals, and employ email marketing.

    What are the 4 P’s of marketing in real estate?

    These four P’s of property marketing are People, Price, Promotion, and Product.

    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.

  • Things To Check While Hiring A Real Estate Freelancer

    The market today has created a lot of opportunities not only for the pharmaceutical sector or the agricultural sector but the real estate sectors too have emerged and are booming in the market. In a country like India that ranks 5th highest GDP nation in the world, the real estate sector is contributing around 6-7% of the total GDP.

    Not only the numbers are impressive but the market size of real estate is shocking. It is expected that by the year 2030 the market size of the real estate sector will increase up to $1trillion. By the year 2025, this sector will already be contributing 13% of the country’s GDP.

    Real estate freelancers have a job that seems quite comfortable as they have flexible working hours. However, when businesses like the real estate sectors are booming freelancers not only enjoy the benefits of the growing market but there is an ultimate level of satisfaction for being a part of major achievements. But, what are the things that you should look for in a real estate freelancer?

    About Real Estate Freelancer
    Things to look for in a Real Estate Freelancer

    Conclusion
    FAQs

    Things to know in hiring Freelancers

    About Real Estate Freelancer

    about real estate freelancer
    About Real Estate Freelancer

    Is a real estate freelancer a person, job post, or agent? Well, a real estate freelancer can also be called or known as a real estate agent or freelance property agent. These people help its clients look for both commercial and as well as residential property for both selling and purchasing purposes.

    Real estate freelancers’ responsibilities include listing homes or properties for sale on behalf of the clients. The job of real estate freelancers might seem easy but not all can easily get into such jobs. Real estate freelancers not only concentrate on one type of skill but there are more things to look at.

    Real Estate Freelancer’s Reviews and Ratings

    Reviews and ratings will give an overall idea about the qualities present in the real estate freelancer. High ratings and reviews will provide information about the things that they are good at. Reviews and ratings help give you some trust about the freelancer that he can do well if you hire him for the job.

    Reviews and ratings not only help when you are hiring someone but whenever you purchase a product online you look at them so that you know about its good and bad. High ratings reflect a good image of the real estate freelancer that you are in contact with. Look for ratings and reviews that are negative because those will create a warning image of the freelancer before you hire them.

    Real Estate Freelancer’s Communication Skills

    Real estate freelancers must possess good command over any language that they are most comfortable with. Communication is the key to unlock income pathways especially when it is a real estate freelancing job. Real estate agents are the ones working with the clients and customers directly and they should persuade buyers by getting them the best deal.

    Look for communication skills before considering a freelancer because the power of words can benefit you and your company. Long time to respond; not knowing what to say and other such kinds of things will only create a setback for you.


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    Real Estate Freelancer should stay motivated to work

    Motivation to work is not only required in the real-estate business but they play a crucial role in every other industry too. A real estate freelancer should be motivated to work by showing his interest in his work and achieving certain goals at a certain period.

    You do not want someone who is least interested and is not bothered about what is happening around you. This is one of the major things that you need to look at in a real estate freelancer. If the freelancer shows his interest in work more than money then it should be a good indication.


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    Real Estate Freelancer should be More focused details

    You want to look for a freelancer who is not only highly motivated but who shows progress by showing positive results. A freelancer should be intelligent by gathering and knowing what needs to be known so that clients are impressed with them.

    Details are important and it is also important to keep them in mind. Not everyone has a sharp mind. Find out ways to check whether the freelancer has this skill or not. Try to find out a way where the freelancer is paying attention to every detail because this will benefit greatly.

    Real Estate Freelancer should be competent to meet a deadline

    If a real estate freelancer has given you a completion deadline for a particular project/work then you should feel impressed. This is because the freelancer is confident in his work and will make sure that the work is completed within the mentioned deadline.

    This shows that he is competent and you should consider this kind of attitude in a real estate freelancer. Most people face the problem of incomplete work and work not being done efficiently. It is time for you to make the right call because if you find these qualities in a freelancer then consider them.

    Conclusion

    It is not only about leading but sometimes one has to follow directions too. A real estate agent is difficult to find having the right qualities.

    FAQs

    How to choose the ideal freelancer?

    First, make a checklist of the things that you are looking for and then find the most suitable freelancer. Also, there are real estate agents that you can contact online and compare them as well.

    How to become a freelance real estate agent?

    To become a freelance real estate agent you need to have a license. Licensing is a process where you have to be an undergoing approved education course and pass an exam.

    What Does a Freelance Real Estate Agent Do?

    A freelance real estate agent sells and purchases property on behalf of clients. They list the client homes or property for sale, show the property to prospective buyers, and negotiate the price for a property deal.