How should I Start Business of Land Buying and Selling Legally[Real Estate in India]

How should I Start Business of Land Buying and Selling Legally[Real Estate in India]

I entered into Real Estate Business, as a newcomer, I do not know how to sell and buy the property and what are the prerequisites before buying and selling assets and their legal consequences and final outcome. These all things are major challenges when you start Real Business. So keeping these all on my mind, I am sharing here some thoughts.

How can you Start Real Estate Business in India?

You may be a Broker or Investor, whatever it may be but the ultimate goal is, should be successful in the real estate business for that you need few ethical points that are Hard work, Honest, Market Analysis, Lead Generation, Communication Skills and 24 Hours service.

Register your company name with government departments which are Corporation, Nagarpalika, and DIC. Then, open your Real Estate Office in the best land selling area, take low-cost rent building in the initial stage. Recruit active young men or women to run real estate consultancy.

Give daily paper Advertise and dispatch your site brouchers in town streets and call to clients with the help of Tele Caller.

For any business, you require experience, mainly for the real estate business, you have to make efficient decisions. Because there are many obstacles you may face at any cost, so take suggestions from experienced realtors and their success and failure parts, up and downs they faced, how they started real estate business, which are they chosen, how they invested, how they sold properties, how much profits they got, how they attracted clients and their sophisticated strategies for succeeding in real estate.  

Create your won website and Hire SEO and make it SEO friendly website, Post your property details daily and client-side registration felicities to express their views and dreams. 

 by internet through few websites like  Magic Bricks, India Real Estate Property Site. Even exploring such sites can give you more knowledge and ideas.

Gaining a foothold in real estate is not easy, when it comes, only when a customer believes you, suppose, customer can ask you help, that time what you to do? give him proper details of the property and Genuine advice.


Public relations, when you are in real estate, plays a key role in your reputation. If you are a beginner in this business you should first start with a consultancy and then once you start making the right bucks, start investing on a small basis and then move on.

What to Know Before Buying and Selling Land

Indian Contract Law;

Property Transfer Act;

Kaludari & Patwari (PT) Act and Rules;

The Urban Land Ceiling Act;

Rules relating to tribal and other protected lands.

Indian Stamp Act;

Stamps & Registration Act;

If waqf property - waqf law;



Depending on your locale and the nature of the land, there may still be much to apply - consult a competent attorney for appropriate care and advise you before you have the time and money.

Buying land is an often overlooked form of real estate investment, which yields good returns. The land is a very hands-on investment, but it is more of a return than a rental property. Buying land requires more research, evaluation, and company profit strategy.


The first step is to find good land to buy. Searches for the property include real estate agents, land brokers, online sites, owner-selling properties, auction companies, and government agencies that own surplus property.


Real estate brokerages and their agents have access to the largest property for sale and this includes raw land. In fact, according to the NAR, only 8% of real estate sales are for sale by the owner, meaning more land than anywhere else is listed by real estate agencies.

Each real estate office has access to one or more Multiple Listing Services (MLS), which own all the assets sold by the various agencies that own the MLS.

The downside to searching for a property with an agent is that the seller has agreed to pay a commission for the sale, which is reflected in the price. So, if you can find an alternative without an agent, the commission will cost you about 3% -5% more than the asking price.

Keep in mind that land prices are generally negotiable, so you can offset a higher asking price with good negotiations.

Additionally, keep in mind that not every real estate agent or brokerage is experienced with land sales. So, make sure you work with an agent and office with experience in land sales.


While not every neighborhood real estate office knows land deals, specialized real estate agencies know them as land brokers, because they are well known for everything they do.

Generally, you will find land brokers in rural and agricultural areas and know the specifics of parcels available to them, their physical characteristics, survey information and uses.

Most land is for sale directly to its owner. If you have ever run in less developed areas of the town or in more rural areas, you may see signs of promoting a piece of land for sale. Most, developable parcels and rural lands are often listed for sale by owner (FSBO) sites.

If you are looking to uncover potential bargains and want to investigate the land that is being sold by the owner or land foreclosure, Redx can sell you through owner leads and outdated real estate listings. RedX can also supply lists of pre-foreclosures, which can be a great source of discounted features.

The most common way to sell land is through an auction. In fact, land sales are one of the most common things that auction companies handle! You can find local auction companies with a simple Google search, such as "Chicago Auction" or "Chicago Auction".

Public relation, your reputation all plays a crucial role when you are in real estate. If you are a beginner in this business you start with consultancy first and then after you start earning proper bucks, then start investing on a small basis and then go ahead.

Indian Contract Act;

Transfer of Property Act;

Kaludari & Patwari (PT) Act and Rules;

Urban Land Ceiling Act;

Rules pertaining to Tribal & Other protected lands.

Indian Stam Act;

Stamps & Registration Act;

If Waqf Property - Waqf Act;

There could be much more applicable based on your locale and nature of the land - do consult a competent advocate for due diligence and to advise you before you commit time and money.

Buying land is an often overlooked form of real estate investment that can produce good returns. The land is a fairly hands-off investment but generating returns is more involved than with rental property. This is because to buy land there’s more research, evaluation, and firm profit strategy needed.

How to Buy Land 

Step 1. Locate Land to Buy

The first step is simply to locate a good piece of land to buy. 

Real estate brokerages and their agents have access to the largest body of property for sale, and that includes raw land.

Additionally, keep in mind that not every real estate agent or even brokerage is experienced with land sales. So, be sure you are working with agents and offices experienced with land sales.

While not every neighborhood real estate office knows land deals, specialized real estate agencies know them as land brokers because they are well known for everything they do. Generally, you will find land brokers in rural and agricultural areas and you will know the specifics of parcels available to them, their physical characteristics, survey information, and uses.

You have many options to search for land online. Craigslist is listed in virtually every state and community. Online real estate websites like Zillow and Trulia are great resources for lots and lots of raw land. Additionally, there are online equivalents for land brokers such as Land and Farm, which can offer a wealth of potential deals.

How to Sell Land or Property

Most land is sold directly to its owner. If you have ever run in the less developed areas of the town or in the more rural areas, you may see signs encouraging them to sell a piece. For the most part, development parcels and rural land are often sold through owner (FSBO) sites.

If you are looking to uncover potential bargains and want to investigate the land that is being sold by the owner or land foreclosure, Redx can sell you through owner leads and old real estate listings. RedX can also supply lists of pre-foreclosures, which can be a great source of discounted features.

The most common way to sell land is through an auction. In fact, land sales are one of the most common things that auction companies handle! You can find local auction companies with a simple Google search like "Chicago Auction" or "Chicago Auction". Local auction companies can conduct their auctions directly or through their own online auction sites.

National online auction sites are also a good opportunity to buy land. In its real estate portfolio, there is plenty of lands to sell on eBay at any time. Other national auction sites like Bid4 Asset can also find land and many bidders.

State-owned land

The land is for sale in most government agencies. Their list usually takes two forms. The first is the surplus land that local, state, or federal agencies actually own, but is no longer required. The other is when people fail to pay the property and when the property tax lien and tax deed is sold at auction and auction.

Deed and Proprietary History

Property tax

Zoning and potential zoning problems

Physical characteristics of the parcel

Usage limits and building requirements

Availability of utilities

Property Survey and Plot Maps

Investigate Deed and Proprietary History

Ownership claims on a vacant lot are higher than the property on which the buildings are built. This is because the built-in property has already been settled through title searches and any liens or claims over ownership.

Previous legal searches are often out of place. You can find multiple parties who have legitimate claims to the parcel by inheritance, convenience, or gift. Sometimes unreported claims come out of the woodwork, but in the end, it can be proven.

When you are thinking of buying land, always pay for a comprehensive title search and get title insurance when you buy. This can be accomplished through a title or escrow company or real estate law office. This will uncover those who have sued the property or filed liens on it. Buying Title Insurance property Protecting your interest in the property in the event of an unfounded claim.

When you buy the land, the taxes you incur are all that you face in deferring the mortgage payment. So, even if you pay cash for the parcel, you have an annual property tax to pay.

Make sure you know what the tax amount is before buying. In some parts of the country - especially in rural areas - property prices are low. However, in densely populated urban or suburban areas such as New York, Boston, or Los Angeles, taxes are important and can be enforced as long as the mortgage is paid in low-cost markets.

Each parcel of land has a specific zoning status, often described by letters and/or numbers specific to the local area. Zoning limits the potential use of the property and what can be built on the parcel.

There are many categories of zoning, each with that kind of use, and the user is allowed in that area. Zoning can ultimately limit the types of buildings that can be built, what their functions are, and the density of the building.



While the ranks of zoning vary across the country, the main categories are very similar. Most common are:



Residential - This type of zoning usually allows single-family homes

Multi-family - This zoning enables single-family homes with duplexes, triplexes, and other multi-unit properties as well as apartments.

Commercial - Allows office buildings, retail, and sometimes hotels

Industrial - Generally reserved for warehouses, factories, and lighting

Agriculture - for farms, orchards, ranches, and the like. With this zoning, small multi-unit units such as single-family homes and duplexes are sometimes allowed.


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Conclusion

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