Introduction

If you are thinking of starting a real estate company then you have to register your business under some important legal registrations like company registration under the ministry of corporate affairs, registration under GST and registration under RERA because these legal registrations are mandatory for your business. This article talks about this registration so you will get an idea about this registration.

How to start Real Estate Company in India

• The first thing you have to do before starting a real estate company is market research because it is very important to know about the market situation. Market research is important because after the research you will know about your competitors and you will also know about the market price of commercial and residential land and you will know about the brokerages so after market research you can set your prices according to competition. You have to do research about the legal registration which is required for your business because without legal registration you may be not allowed to start a real estate company so should research about the legal registration. This article talks about the legal registration which is required for your business and here are some legal registration which is important for your mention below.
• According to Real Estate Regulatory Authority (RERA) act it makes compulsory for all residential and commercial real estate projects with a land coverage of over 500 sq. or containing eight apartments, to register their projects under RERA and it is also mandatory to register under RERA if you are a real estate agent so registration under RERA is mandatory for you because you will run a real estate company so you should register your company under the RERA. Registration under RERA is mandatory because you have to show your register number of RERS during every sale on your bills.
• Company registration is a most important thing for your real estate business because without company registration your rights will not secure under the company law. Registration under Ministry of corporate affairs is mandatory for all private limited company and after registration, you will be protected under the company laws. You can incorporate your private limited company with minimum 2 persons and you can register your company through online process. Online company registration is very easy and simple you have to fill an incorporation form online and you will get your registration number.
• GST return filing is also important for you because as per the GST laws GST registration is mandatory for your real estate business and GST return filing is also mandatory for those whose turnover is more than 20 lakh rupees and in some states if turnover is more than 10 lakh rupees then you have to file your GST return and in case failure of GST return filing you have to pay huge fine on it or you may get punishment of imprisonment so you should file your GST return in prescribed time and before GST return filing you have to register your company under the GST and have to get a GST identification number for GST to return filing, without GST identification number you may not be able to file your GST return.

Conclusion

As you can see in the above article that legal registrations of your company are very important and you can register your company under the ministry of corporate affairs through online company registration. The online process is very simple and easy you have to fill your incorporation form along with Memorandum of association and article of association and after successful submission of incorporation form, you will get your registration number. As you can see above registration of your real estate business under RERA is important and mandatory because without registration under RERA you will not be allowed to do real estate business so you register your business under RERA so in future there is no problem arises for you. GST return filing is also important for your business because you’re all providing service and it is important to file your GST return in prescribed time. So as you can see that all legal registration which is mentioned above are important for your business and you should consider them.