Real estate is a well-known term in India in the recent era. People are more tilted towards it as they provide more opportunity for the educated professional and emerging entrepreneurs to work independently. Today in every part of the country there is real estate companies or advisory firm to make people aware of all the quires related to property transactions. The real estate is booming in India due to the young generation, fast urbanization, better banking system, government control, growing economy and easier home loans. It is the second largest employment opportunity which is likely to increase by 30 percent in the coming future.
Real estate includes many sections to perform effectively and the most essential of them is the brokerage sector of real estate. The broker or the brokerage agent plays an important role while buying or selling a property as it acts as a middle man between the buyer and seller. The brokerage sector of the real estate is well-organised with a team of professional agents who are educated and licensed. They estimate the best value of the property and advertise it for sale. They take care of potential deals, negotiations, and are responsible for carrying out the brokerage trade with respect to the guidelines and regulation of Real Estate and Business Broker Act, 2002. The brokerage sector is alone responsible for the growth of real estate in India by 6.3 percent.
A small scale real estate company goes through many tough times to become renowned and famous among people of their locality. For making it renowned large scale real estate companies provide franchising option for the small scale firm helping them with a local, regional, national and international networking. Many reputed real estate brokerage franchises in India are funding to increases the competition and contribute to the growth of the real estate sector.
The real estate market size is likely to stroke at a CAGR of 11.2% in the financial year 2008 to 2020. In India, the real estate business is expected to rise to US$ 180 billion by 2020. India is fourth in developing Asia for foreign direct investment (FDI) inflows and among the top ten globally as per the world investment report 2016 by UNCTAD.