subject: How To Become A Successful Real Estate Developer [print this page] Now days, Real estate has emerged in India with a great pace. Real estate developer as the word suggests means a person who converts our dreams in to reality. They have an art of not only spending money (that everyone can do) but also getting it back with a bit of profit.
To become a successful Real estate developer one needs to follow the following steps:
People may start their career in Real Estate by completing their degrees in finance, construction management, urban development Business administration, Interior Designing, Architecture. Its bit easy for them to start their business in Real Estate for the people who have their background as Agent, Contractors OR Architects. Experience matters a lot in Real Estate developing as you tend to have an idea of prevailing Market conditions and strategies.
Work for an employer who is an honest builder with good reputation, preferably one whose name is recognized in your area ; for some period of time as it help you in gaining practicality of what you have read in your educational course. Try to absorb and extract as much information you can. In short you must increase your knowledge. During this period build your personal savings so that it may help you in future for starting your own real estate business.
Have to do some marketing research. Unless you dont know that what is in demand and what people like, what would you ask your designer to create?
Build relationships with Construction professionals, local and independent Lenders to finance your investment activities. In future they will be of great help to you in terms of monetary expenses that you have to make.
Real estate Development is a very profitable and remunerative business and challenging too.
People who are developers have to check out various sites and forecast the profitability they can attain from the Land they have purchased in Coming near future. It is very dicey profession.
Developers have the power of converting Ideas written on a paper in to reality. In India anybody with deep pockets can become a successful Estate developer all that he need to have is Mind .In India even the person owing small pieces of Land can also become Real Estate developer. Reason behind is that in India there are no basic OR minimum criterions that need to be fulfilled for becoming a real estate developer.
