Top 5 Real estate franchise business opportunities in Delhi for 2024

on Nov 24, 2023 | 11810 views

Written By: Yukta Palekar

The real estate market is gradually and continuously expanding and rising. This is fantastic news for both home developers and purchasers. This is especially good news for anyone considering investing in property in the Delhi NCR region.  Different geographies may sometimes be a bad investment scenario if sufficient research is not conducted. Let us see whether you should be investing in Delhi real estate in the right manner.

The Delhi Region is divided into various property regions under different municipal corporations and Delhi cantonment boards. The main corporations controlling property aspects in Delhi include North Delhi Municipal Corporation, South Delhi Municipal Corporation, East Delhi Municipal Corporation, and NDMC (New Delhi Municipal Corporation).

The NCR region includes around 24 neighboring districts from Uttar Pradesh, Haryana, and Rajasthan. These areas will receive special treatment from the centre of Delhi and have great investment potential in the real estate sector. Considering these factors can positively impact your financial investment in Delhi or the National Capital Region.

To know more about how the real estate market in Delhi is going to grow at an exponentially fast rate, click here.

Top 5 real estate business franchise to start in Delhi

Space Matrix Realties:

Space Matrix Realties, a real estate broking house based in Indore since 2012, specializes in various real estate verticals, including primary and secondary markets, residential rentals, commercial leasing, land parcel sales, and exclusive marketing. 

They are expanding their reach across India and are seeking franchise partners. Their unique module offers a 30-month ROI, and they are mapping 33 cities and are currently seeking a FOCO partner in the 30–40 lakh investment range.

18flats 

18flats offers genuine residential and commercial properties for rent, sale, and lease across India, with a presence in 225 cities. The online portal assists individuals in buying new properties and is seeking growth partners in the form of advertisers, service point partners, business franchisees, and business investors.

Land Craft developers:

Land Craft Developer's Private Limited is a real estate firm in Ghaziabad, part of the Garg group, a 50-year-old company that has been serving people in sectors like publication and education since 2007. Established in 2007, Land Craft has delivered numerous projects in Ghaziabad and continues to provide people with their dream homes, with an investment range of Rs. 30 lakhs to 40 lakhs.

Kosher proctor

Kosher Proctor (I) Pt. Ltd. is a real estate consulting company with over a decade of experience. They offer professional services for residential, commercial, industrial, agricultural, housing loans, and interiors. 

They have successfully marketed various projects in India, including apartments, villas, office spaces, retail, and showroom spaces. Kosher Proctor also provides bespoke project marketing services, offering strategic solutions for investments ranging from Rs. 5 lakhs to Rs. 10 lakhs.

Ray White India

Ray White Group International, Australia's largest property group, is expanding its network and offering opportunities within its India group. With over 1300 offices in Australia, New Zealand, Indonesia, Shanghai, Papua New Guinea, and India, Ray White is committed to growing its brand and providing comprehensive training, support systems, software management systems, promotional campaigns, and mentoring. 

With over 1300 offices worldwide, Ray White is committed to providing leading-edge technology and business strategies, ensuring its continued success as one of India's market leaders. Franchise opportunities are available for those seeking challenges in these areas. Investment Range: Rs. 5 lakhs to 10 lakhs.

Before consulting with any of these franchises, consider the following aspects before pitching the franchises:

Market trend for real estate in Delhi

Delhi's real estate sector is experiencing rapid growth, with an expected growth of USD 1 trillion until 2030. The region has become a hub for residential, office, retail, and industrial areas, with high demand and supply dynamics. In 2023, the mid-level segment saw a 49% increase, while the luxury segment saw a 36% increase. 

The introduction of RERA regulations has improved trust between buyers and sellers, preventing fraud. The real estate sector in Delhi, NCR, is expected to experience a booming period in 2023 and 2024.

Steps to Start a Real Estate Business Franchise in Delhi:

Understand the agent's roles:

  • Define the roles and responsibilities of a real estate agent.
  • Emphasize professionalism, client relations, and ethical conduct.

Choose a specific field:

  • Decide whether to focus on residential, commercial, agricultural, or plot properties.
  • Consider market demand and personal expertise in your chosen field.

Conduct research and analysis.

  • Thoroughly research the real estate market to identify potential challenges and opportunities.
  • Learn from existing agencies to understand industry dynamics.

Address legal requirements:

  • Ensure adherence to fresh laws and rules.
  • Obtain essential licenses such as GST registration, firm registration, service tax, and real estate agent license.
  • Adherence to legalities reflects professionalism and ethics.

Develop a business plan:

Create a detailed business plan that outlines:

  • Financial projections and expenses
  • Available funds and potential sources of investment.
  • Strengths and weaknesses of your business
  • Properties in the chosen specialization area to showcase to clients

Specialize and Network:

  • Establish a specialization in a specific area within the real estate sector.
  • Build a network of clients, professionals, and industry contacts to leverage opportunities.

Marketing and branding:

  • Create a powerful brand identity and marketing plan.
  • Utilize both offline and online marketing strategies to connect with potential customers.

Provide exceptional customer service.

  • Focus on delivering top-notch customer service to build a strong reputation in the industry.
  • Maintain transparency and professionalism in all client interactions.

Continual Learning and Adaptation:

  • Keep abreast of business trends and alterations to legislation and regulations.
  • Adjust your business plans to reflect the changing market environment.

Expand and scale:

  • As your company expands, think about scaling and expanding.
  • Employ and train more agents to handle the rising demand.

By following these steps, you can successfully launch your real estate business franchise in India, ensuring professionalism, compliance, and long-term success in the industry.

Benefits That Come Along With Acquiring a Real Estate Franchise

  1. Proven Business Model: Franchises provide a well-established and proven business model for real estate investing, offering a step-by-step guideline for success.
  2. Support System: Franchisors offer ongoing support, including training, marketing assistance, and operational guidance, reducing the challenges faced by independent investors.
  3. Risk Mitigation: Franchising minimizes the risk associated with entering the competitive and high-risk real estate industry by leveraging the experience and expertise of the franchisor.
  4. Industry Knowledge: Franchises provide access to industry knowledge and expertise that may be lacking for newcomers in real estate investing.
  5. Brand Recognition: Established franchises come with a recognized brand, making it easier to attract prospective sellers and build trust with clients.
  6. Marketing Systems: Franchises offer proven marketing systems, including mass media marketing, which can be challenging for independent investors to compete with.
  7. Sales Training and Support: Home buying franchises provide comprehensive sales training and ongoing support, allowing franchisees to quickly apply their sales skills to the real estate industry.
  8. Mentoring and Guidance: Franchisors typically offer one-on-one guidance and support for several years, which is not readily available through expensive mentoring programs.
  9. Risk Reduction: While mistakes may still occur, franchising significantly reduces the risks associated with starting a real estate investing business.
  10. Balanced Risk and Reward: Franchising offers a balance between risk and reward, making it a more attractive option for those looking to enter the real estate industry with a higher chance of success.

Investing in a real estate franchise is an effective way to enter the competitive real estate market with reduced risks, comprehensive support, and a proven business model, increasing the likelihood of success in this challenging industry.

Conclusion

The Delhi-NCR market presents a challenging yet rewarding investment opportunity for property investors. Despite potential future issues, diligent research and diligence can yield great returns and potential growth. Franchisebazar offers a great opportunity to invest in Delhi NCR properties, transforming dreams into reality.

FAQs 

Q.1. What are the current real estate market trends in Delhi?

According to the most recent Q1 research reports, the real estate industry is expanding, with the residential sector rising 49% in the mid-size housing space and the high-end and luxury categories growing 36%.

This is an excellent moment to buy real estate in Delhi.

Q.2. Is it beneficial to invest in real estate in India?

In India, real estate may be a successful sector, but it is impacted by a variety of factors such as location, market circumstances, and economic trends. The increasing population, urbanization, and infrastructural development in India all contribute to increased demand for residential and commercial buildings.

Q.3. What is a good return on investment in real estate in India?

Return on investment (ROI) in real estate can vary based on several factors, including property type, location, and holding term. In India, a reasonable ROI on real estate normally runs from 8% to 12% each year.

Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.

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