The real estate industry is one of the major contributors to the growth. The real estate industry includes the buying, the selling, and renting of the lands, buildings, and housing facility etc. Our team has studied the market keeping the real estate industry in mind, and successfully extracted few potential business ideas.

Here are some business ideas related to real estate industry for an aspiring entrepreneur who is searching for a business idea:

real-estate-business-ideas

  1. Backpackers Hostel Chain Business
  • The market for global tourism is highly fragmented, and it has a low level of attention as there are large numbers of international and local players in the tourism market. Although International & domestic hotel chains are expanding their roots in the country; still the economic/ low-budget travelers or ‘backpackers’ percentage is much higher compared to high-class travelers. So, what is that a traveler needs these days? It is convenience and low-cost accommodation; and these factors are adding a huge potential for the nascent private hostel industry.
  • Backpackers’ hostel is an accommodation service provider on a minimal budget particularly for people who love to travel, which basically works like a chain business of equipped & theme-based hostels mapping all around the country or certain region having all basic amenities. With a huge potential market, Backpacker hostels in India are gaining popularity among young travelers in India.
  • The contribution of India in world travel & tourism sector is 3.4%, which brings India to the 7th position in 2019. Moreover, India has the world’s largest population under the age of 35, accounting for 2/3rd of its 1.2 billion who travels, socialize and explore more. This shows us that the market for Backpackers hostel is progressing; and to cater to the need of travelers’ accommodation, investors and venture capitalists are positive. So, if you are thinking of starting a business, then you should consider starting backpacker’s hostel services providing business/ chain.

    2. Property Makeover

  • This idea demands right people and a creative team. People who have interests in opening a startup in the property makeover field doesn’t always mean you will get the project for abandoned or neglected houses, forts or palaces only but these services are in very much demand to transform places into themed art houses.
  • Many hotels and resorts are themed as per the demand of the customer, for different occasions, photo shoots, movies, video albums and so forth. These people are capable of weaving their magic on walls and floors to turn it into something worth spending.

     3. Online Rental Business

  •  The rental business is an ever-growing business. People keep shifting from one place to another, which, in turn, generates a need to rent stays. Without giving more efforts, you can start with this real estate business idea.
  • You can build a brokerage business model for your online rental business. Here you have two options, either you can start renting your own properties or can build an online marketplace wherein the property owners can register for renting their properties.
  • Online rental business for real estate comes with a huge benefit. It can ease a lot of processes that become a tedious task in traditional renting. The renters can pay the rents online, if they are facing any queries, it can be shared online, and much more. You can connect to a huge number of property owners who wish to rent the properties. With the help of a marketplace platform, property owners can list spaces and, on every booking, you can charge a flat commission from them.
  • It is one of the lucrative real estate business ideas that can help you to earn huge amount of money. If you’re looking for a real estate business model that comes with lesser efforts, then an online rental business can be an ideal choice.

  4. Vacation Property Rental platform

  • Vacation property rental businesses are very successful in tourist places. In addition to renting those properties, your responsibilities are maintenance, cleaning and fulfilling the taxes, etc. Start the business right from your home.

 5. Platform for Listing Properties that are for Sale, Lease and Rent

  • One easy way of making money from the real estate industry is to create a website where people can list their properties that are for sale, lease and for rent. It is a simple business to operate in the value chain of the real estate industry because this type of business requires minimal start – up capital and it is a business that can run on autopilot. So, if you are looking for a real estate related business to start, then one of your options is to create a website for listing properties that are for sale, lease and rent.
  • Aside from the fact that you may want to collect membership fee and administrative fee from those who want to list their properties in your website, you can still earn good money from adverts especially if your website attracts huge traffic.

Real estate is one of the most promising business sectors one can think of. We can even say that real estate contributes the maximum in the world’s economy. In today’s vicious competitive world, there is no shortage of potential real estate business ideas. Real estate comes with lots of business opportunities especially after the advancement in technology.

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