Main Object Clauses

  1. To carry on the business of real estate development, including the purchase, acquisition, development, construction and sale of residential buildings, commercial complexes, office spaces, retail premises, townships, plotted developments and mixed-use projects.
  2. To carry on the business of real estate investment, holding, leasing, renting and management of immovable properties, and to act as developers, builders, contractors and project management consultants for real estate projects.
  3. To provide real estate advisory, brokerage, marketing and facility management services, and to operate digital platforms for property listing, sales and leasing.
  4. To acquire land, obtain approvals and develop infrastructure for industrial parks, logistics parks, warehousing facilities and hospitality projects, subject to all applicable laws and regulatory approvals.

NIC Code: 68 — Real estate activities

Related Licences & Registrations

  • RERA Registration: Every project and every agent must register with the state RERA authority before advertising or selling — no exceptions.
  • GST Registration: Mandatory; under-construction property sales attract GST (1% affordable, 5% otherwise, without ITC).
  • Environmental Clearances: Projects above 20,000 sqm built-up area need prior environmental clearance.
  • Title Due Diligence: Not a licence, but get a lawyer’s title opinion before every land purchase — defective titles are the costliest mistake in this business.

ROC Filing Notes

  • RERA compliance sits outside the MOA, but MCA expects real estate objects to be specific — “dealing in real estate” alone is considered vague; list development, construction, leasing and advisory as separate clauses.
  • If the company will take advances from homebuyers, the objects should support it; RERA’s 70% escrow rule applies regardless, but object-clause alignment matters for banking and audit.
  • Avoid promising “guaranteed returns” or “assured appreciation” anywhere near the objects — such language can attract scrutiny under collective investment scheme provisions.