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If you thought being a professional real estate agent cannot make you rich, take a good, hard look at the big real estate developers around you. If you read about how they got there, most of them will tell you that they began their property journey as property brokers. So, now you know how much money you can make from selling property, a home, a plot of land, or even commercial space. Let’s explore the lucrative possibilities and how you can tap them right.
Get the industry facts right
Before you foray into this uncharted business, it is very important that you read up and equip yourself with enough information and data about the dynamic sector. Earlier, it was unorganized but now with new authorities and rules that have classified it as an industry, there is some order in the trade.
According to the India Brand Equity Foundation (IBEF), the real estate sector in India is expected to reach US$ 1 trillion by 2030. By 2025, it will contribute 13% to the country’s GDP. The residential sector is expected to grow significantly with the central government aiming to build 20 million affordable houses in urban areas across the country by 2022 under the Housing for All scheme  – Pradhan Mantri Awas Yojana (PMAY).
In India, the real estate sector is the second-highest employment generator, after the agriculture sector. It is also expected that this sector will incur more non-resident Indian (NRI) investment, both in the short term and the long term. Bengaluru is expected to be the most favored property investment destination for NRIs, followed by Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun, the IBEF states.
This means the more people purchase property, the more you earn if you’ve brokered the deals!
Choose from different sub-sectors
The real estate sector is one of the most globally dominant business sectors. It comprises of four sub-sectors – residential, retail, hospitality, and commercial. The growth of this sector is complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect, and induced effects in all sectors of the economy.
When you broker any deal in the purchase of a home or office space, you can be definite about your bigger slice of the commission pie. And, why stop at only selling a property? You can earn a larger income from dealing with rentals and leases of prime commercial office spaces in strategic locations in the city too. Major corporate enterprises pay huge rentals for long leases in top business districts which give you huge potential for bagging the commission.
Sign up with premium developers
Yes, you must choose your association with top developers having premium properties. There are two main reasons for this: One, a premium property from an established top-of-the-line developer, like HM Constructions https://www.hmconstructions.com/, is easier to sell because of the company’s prominence in the industry. With an established developer comes the tag of credibility and transparency with the promise of timely delivery of the project. Look to partner with leading developers in the city with a varied mix of residential, commercial and retail properties. It will give you more scope to make money. Moreover, your payments are guaranteed when you have a tie-up with reputed real estate companies than an unknown one.
Two, just the price tag of luxury properties gives you a cool earning margin of 2 percent each from the developer and the homebuyer. The earning capacity is higher from premium luxury properties than affordable ones. And when you have a scintillating array of uber elegant luxury homes at HM Indigo https://hmconstructions.com/index.php/projects/details/hm-indigo on Kanakapura Road, global award-winning signature homes in 3 BHK and 5 BHK palatial specifications at HM Grandeur https://hmconstructions.com/index.php/projects/details/hm-grandeur , 3 and 4 BHK grand lifestyle luxury apartments in RT Nagar at HM Tropical Tree https://hmconstructions.com/index.php/projects/details/hm-tropical-tree, and a choice of 2 and 3 BHK exquisite homes at HM Symphony at Kasavanahalli off Sarjapur Road, you’re virtually sitting on a gold mine as a partnered realtor. Because the single largest and most expensive purchase humans make is property especially a home, you stand to reap in good returns as a RERA-registered realtor with an expansive network of clients.
With the real estate industry in India looking positive on the back of low home loan interest rates and a stable market, look ahead for prosperous times as a real estate agent.
Contact us to know more about our projects @888 0225555