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In the verdant landscape of Kerala, where entrepreneurial dreams flourish amidst the backwaters and spice-scented hills, small business ideas abound for the zealous entrepreneur. Whether it’s tapping into the state’s booming tourism sector or leveraging its rich agricultural heritage, opportunities for starting a business with low investment are plentiful.
Here, we’ll explore some of the most promising and innovative small business ideas that can thrive in Kerala’s dynamic economic climate.
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What Kind of Small Business Can You Start in Kerala With Low Investment?
In Kerala, a state renowned for its tourism, culture, and ecological diversity, numerous low-investment business opportunities await. A key question many aspiring entrepreneurs ask is: What kind of small business can one start in this region with minimal capital?
The answer lies in creative and sustainable business models such as:
Strategies for Success in Kerala’s Small Business Landscape
To succeed in Kerala’s competitive small business environment, entrepreneurs must:
Kerala presents a fertile ground for small businesses, especially those that align with the state’s ecological and cultural ethos. Entrepreneurs who bring innovation, sustainability, and quality to the table have the potential to thrive in this vibrant market. Let’s see more ideas.
These are some best business and startup ideas in Kerala with low investment:
Concern about the body and health is increasing more and more among Kerala’s population. Therefore, services that meet the needs of this public have good chances of success, just organize yourself and offer some differentials that can attract customers.
It’s a low investment idea and one of the businesses to set up with little money and extremely profitable in this segment is the gym. All you would need is some social media marketing.
Another reason Kerala is popular is because of its entrepreneurial environment for small business. Kerala has the highest number of SMEs in India, and it’s one of the fastest growing states in the country. In addition, Kerala has a vibrant start-up culture with Kozhikode being called the Silicon Valley of India.
A perfumery comprises marketing several lines of perfume, offering alternatives for all tastes. Here, it is necessary to have in-depth knowledge about fragrances, how to preserve and commercialize them.
Kerala is home to the famous Startup Village, India’s first government-supported incubator for startups. Given that the state is not only beautiful but is also nurturing for entrepreneurs, there are many businesses that you can start. It’s friendly to small scale businesses. Let’s see this business opportunity!
Deciding to get married is important, and the organization of this event takes a lot of work. To feel more secure, many grooms delegate all the preparations for the celebration to a wedding planning agency. To work in this field, it is necessary to understand parties and decoration and adapt to the bride and groom’s preferences.
Which business is best to start in Kerala? Kerala is popular for its natural beauty. It is a hot tourist destination for its backwaters, beaches, rivers, hill stations, Ayurvedic health centers, and tropical greenery. It is also home to technology startups and entrepreneurs.
Traveling, getting to know new places and cultures, this is part of the desire of many people. To be successful in this area, it is necessary to segment the public, offering differentiated services and prices for each category of customers. Setting up a cultural exchange agency may be the right choice, especially if you like to talk to other people and get to know cultures.
It is a profitable business with small startup costs.
Which is the best profitable business in Kerala? Here is the list of some of the most lucrative business ideas to start in Kerala:
To work in this sector, you need to be trained in advertising or have deep knowledge in animation software. The service comprises allowing the visualization of projects such as, for example, films, drawings, advertisements.
This is yet another small scale business idea to work on.
Gala outfits for weddings, graduations, and celebrations are expensive. Often people prefer to rent clothing, once the investment pays off, as the product will only be used on one occasion. On these occasions, setting up a party clothing rental company can make good money.
It’s a great small town business idea that is profitable.
What are the most successful small businesses? Most profitable small businesses are:
Acrylic accessories are requested by many companies, such as office stands, counters, vases, among other objects. This is a very promising market, just invest in the right segment.
If you’re wondering what business to open at home, an acrylic artifact company might be the right option. A commercial point is not entirely necessary, but only one piece to leave the artifacts.
The search for a more sustainable world is already present in several companies and also in people who seek to contribute positively to the environment. Thus, setting up a business that manufactures articles from recycled paper is a trend that will gain more space in the market in the coming years.
What business can I start with 10k? These are businesses you can start for $10k or less:
There are many people who believe in a mystical side of life and to find out about the future they end up using astrology. To work in this area, it is necessary to specialize in the subject, offering a quality service. The service can be done in person and products related to the subject can be marketed through a website, in order to reach audiences in other regions.
Even in the age of the Internet, there are many newspapers and magazines that do not make their full content available on the Internet, so that readers buy the paper newspaper. To offer this service, an urban area must be chosen.
Balloons are indispensable items for birthdays. Therefore, a good business alternative is to offer this product in different versions, allowing for varied decorations. The investment is low and the return can come in a short time.
The bar is traditionally the meeting point for many Indians. Therefore, opting for this line of business is an excellent opportunity to succeed, however, it is necessary to offer advantages and quality services in order to attract the consumer.
Most men like to take special care of their face, seeking the work of a professional to cut their hair and shave. When setting up a barber shop, you must offer quality and diversified services, offering treatments to customers.
Many parents seek healthy forms of entertainment for their children. Those who have the aptitude to deal with children can invest in this sector and open a playroom. It is necessary to have a comfortable and safe space for the little ones.
For this option, you need to find a common language with photo processing software, create 3D models of various objects, characters, etc. There are many websites on the internet where modeling masters can sell their work or make it to order.
What is the value of the number of orders for 3D modeling on freelance exchanges, where everyone can find a job. All this can be developed in your own studio, hire a few specialists and fulfill large orders while promoting your company.
Most people who have dogs at home spend all day working and leave the animals alone at home. Therefore, setting up a kennel and providing care for these animals is a good market opportunity.
Domestic animals end up stressing about spending a lot of time at home, but not all owners are available to take them for a walk, so someone in charge who would perform this task would be of great help to these people.
In the day-to-day rush, many people need to eat fast and healthy. People who have skills in the kitchen can work making sandwiches, using natural and delicious ingredients, providing a nutritious and inexpensive meal.
Most people like to enjoy a good barbecue, but not everyone knows how to do it. So, how about having someone especially for this task? Who knows how to make a good barbecue and knows meats can find in this branch a good opportunity to undertake.
Companies and ordinary people at some point need personalized clothing, for this they resort to t-shirts with prints made according to their needs. This market can be very productive, just be creative and know how to manage.
This could be a home based business ideas in kerala. All you need is a business plan that is perfect.
Enjoying good cheese and wine is among the favorite activities of many people at leisure. Those who have a deep knowledge of these two items can open an establishment to offer them to the public interested in consuming.
In the rush of everyday life, many people end up not having time to prepare their meals. In this case, offering dishes made and frozen is an excellent alternative to undertake, since the service brings convenience and ease to eat properly.
The water that reaches people’s homes is not always of good quality because of the chemical processes that pass to be purified. In search of a better quality of life, it is common for individuals to resort to mineral water. Starting a business in this area has a small investment and a good return.
The beauty of a garden is in the flowers and especially in the grass, but it is not always born naturally in the place. Therefore, it is necessary to buy the grass and plant it in the desired place. Starting a grass business is an excellent alternative to undertake.
Plants adorn the gardens and can decorate environments. The various species of plants are not easily found. Therefore, opening a business that offers this service has a good chance of success.
This branch is very promising, even because you can work with different segments, such as school clothes or for employees of companies, just make quality products and make several options available to possible consumers.
Because of the tropical climate of India, beaches and clubs are popular places, which increases the demand for swimwear. Entering this market is an opportunity to undertake, and you can even export goods.
Opening a locksmith company is an alternative for those who want to make a low investment, take little risk and have a guaranteed return. This business requires simple equipment and is a service that is in high demand in any region.
Chocolate is among many people’s favorite treats. When handcrafted this candy gains a special flavor, besides being able to be made in different formats, attracting the public by taste and beauty.
To assemble a chocolate shop, you only need to deeply understand this delicacy and offer several options to customers.
It is the details of the rooms that make a home more beautiful. The decorations in the bedrooms and kitchen require items such as sheets, pillowcases, bedspreads, tablecloths, napkins. A good alternative for those who understand these products is to open a bed and bath company, to be successful it is necessary to bring a wide range of options for consumers.
Even with advances in technology, people still need the services of copiers, until new machines have appeared that allow differentiated printing and copies. So, mounting a copier remains a good, low-cost, profitable business. The ideal is to install the company in a strategic location, preferably in urban centers.
Offering crepes is a good opportunity to be successful with businesses to open with little money, this is because the food is delicious, has a low price and practical preparation, being highly sought after by adults and young people. To work in this field, the tip is to have a more organized and sophisticated space and offer diversified options, catering to all tastes.
This area in which people who have a communication background can do well, since many professionals have enormous potential, however, they do not progress in their careers because they do not know how to communicate. So, how about teaching these people how to behave in front of the public? To work with an oratory, it is necessary to have knowledge of effective methods to apply.
In order to prepare for the university entrance exam and get a long-awaited place at the university, many students turn to pre-university courses. Therefore, this branch is very promising, just take responsibility and offer a quality service.
Leaving children in a safe place to work in peace is the wish of many parents. Therefore, those who have the training to work with children can open a daycare center.
There are many women who do not leave home without wearing at least a ring or bracelet. Real jewelry has a very high cost, but you can replace them with jewelry that has a similar appearance, are cheap and guarantee the same glamor. Therefore, setting up a jewelry store is an excellent alternative to success.
You must have heard about such a business idea, but have not thought about its relevance and implementation. In fact, doing different “man’s” housework is far from perfect for every man.
Also, do not forget about single women who have not yet found love – they may also need to change the outlet or repair the mixer. If you have the basic skills to repair, get along with electrical engineering, know how to use the tool, then the organization of the service “Man for an hour” is perfect for you.
To expand, you can open the service, advertise both on the Internet and in standard ways (postcards, business cards, announcements).
To show affection for someone, many people turn to personalized gifts. Baskets are widely used as gifts, so anyone who has the ability to decorate and decorate can do well in this area.
Pet owners like to see them well looked after, using pet hops to make them look better. To work in this area, it is necessary to understand animals, have responsibility and offer differentiated services.
The quick and practical snack is sought by many people daily. For this business to succeed, it is necessary to offer a variety of foods, quality food and a good price. Besides choosing a region in the urban center.
Jellies are used in several dishes, being a tasty and healthy food. Who knows how to prepare this treat can do what he likes and still earn money, just offer a diversity of flavors and produce quality merchandise.
To prepare appetizers many people need to go directly to supermarkets to find the cold cuts they will use in recipes. Opening a store with only these products is a good opportunity to offer more options and differentiated prices for those who need the service.
There are those who love costume parties but end up having trouble finding a good store that offers these items. To set up a business in this sector, it is necessary to install it in an urban and very busy area.
At home, often a piece of furniture can suffer a little wear, but remain in good condition, or there are items that need to be renovated. Who has knowledge of carpentry can open an establishment to offer only repair for these objects.
Traditional Italian food is also very successful in Kerala. People who are knowledgeable about preparing pizzas can find in this branch a good opportunity to undertake successfully. The ideal is to open the pizzeria in an urban location.
Taking care of your appearance and looking good with yourself is something that many look for in a beauty salon. To be successful in this area, it is necessary to offer a responsible and quality service, preserving the customers’ hair.
It is difficult to find someone who does not like ice cream; it is not just children who enjoy this sweet. The ice cream shop must be installed in a tropical climate location to make a profit all year round, or offer other sweets that have a lot of output not only in the summer.
Glaziers’ work is indispensable in any construction. Opening a glass business requires a low investment, a stable situation and a good profit.
Insects can even infest environments in urban areas. Therefore, this service is essential to ward off pests. To be successful in this business, it is necessary to offer a functional service.
Besides being necessary items for everyday life, shoes are also synonymous with fashion. To be successful in setting up a shoe store, it is necessary to present a variety of items and prices, in order to please all consumers.
Farming and agriculture is yet another small town business idea to look at when you are the city like Kerala. Agriculture and farming have been an essential part of human history since the early Neolithic Revolution.
As populations grew and human civilization expanded, agriculture became more and more advanced. Today, despite the advances we’ve made in the field, we still rely on the farmers to grow our food and goods.
It can be started with a moderate capital investment. All the business owners in small scale industry should know the huge demand. The poultry farming could be another idea.
Kerala, often referred to as “God’s Own Country,” is not just a tourist haven but also a hotbed for entrepreneurial ventures. Embarking on a business journey in Kerala offers a plethora of advantages that can be leveraged by savvy entrepreneurs to create successful enterprises.
When considering starting a business in Kerala, it’s vital to align your business model with the state’s strengths—its educated populace, cultural appeal, and solid infrastructure, to name a few. By positioning your business to exploit these advantages, you can navigate through Kerala’s burgeoning market with greater assurance and potential for success. Whether you’re looking to start a tech company, a tourism-related venture, or tap into the state’s rich agricultural foundation, Kerala offers a conducive environment for your entrepreneurial aspirations.
More ideas:
Kerala is the most beautiful state in India with the highest literacy rate. It is also one of the best tourist destination in India. With many low cost business ideas, Kerala can become one of the best investment destinations in the country.
Faheem Rafique is an entrepreneur and business writer with over ten years of experience in the field of small business ideas, marketing and branding. He has built six-figure businesses.
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Kerala is known as “God’s Own Country” and boasts scenic beauty and cultural richness. It is also a fertile ground for innovative entrepreneurs. Here in this article, we have listed the top-notch business ideas that promise fulfillment and financial success.
Kerala permits up to 100% direct foreign ownership, subject to certain conditions. Small, medium and large-scale business initiative procedures have been thoroughly streamlined. Whether you are a resident here or from outside and want to start a business in Kerala, this article will help you find legitimate investment opportunities in Kerala.
#1. automobile service station, #2. ayurveda tourism.
Ayurveda is a therapy that promises holistic wellness. The experts use natural herbs and oils in the therapy. These oils have great medicinal value according to the Vedic literature on Ayurveda. There is a strong potential for the growth of Ayurveda tourism in Kerala.
At present, anyone can make money online from the comfort of home. This is true for the people of Kerala too. Some of the legitimate ways are listed below:
#5. start a small manufacturing business in kerala.
Though the start-up cost of starting a manufacturing business is a little higher than retail businesses, however, the high-profit returns ensure a fast payback of the investment. There are several manufacturing business opportunities one can start in Kerala with low investment.
If you have a retail space in a good location, you can start a grocery store in Kerala with little investment. Selecting a proper location though is critical to the success of this business.
#8. boutique business.
Kerala is a destination for tourists. The location enjoys not only domestic but also international visitors. So, the location is one of the best places to start a boutique business with unique and innovative collections. Apart from designer clothes, you can consider keeping a whole range of products in the apparel segment.
#10. certified seed production.
Rice is the most important food crop in Kerala. It occupies 7.46% of the total cropped area of the state. However, the area under rice has been falling at an alarming rate ever since the 1980s. Hence, starting a certified seed production unit is a highly lucrative business here to supply paddy seeds to the farmers. Broadly, seed production requires improved cultural practices and efficient weed, disease, and pest control.
Kerala is one of the major coconut-producing states in India. Coconut provides the principal source of income – from the coir industry to coconut shell artifacts. And you can produce plenty of processed foods from coconut. Hence, starting a coconut-based food processing industry is highly lucrative here.
#13. hookah bar lounge, #14. jewelry making.
Gold and diamond are the lucrative fields of business in Kerala. Apart from that pearl jewelry and fashion jewelry are also in high demand. There is a huge potential for a jewelry business in the state. The diamond segment is aggressively growing among youngsters. Any individual can initiate a jewelry-making business in Kerala with low capital investment.
#16. mobile facial spa, #17. photography.
As the state is a prominent tourist spot and recognized for its scenic beauty, photography is one of the most profitable small business ideas here to start with very little investment. This can be treated as a wonderful self-employed opportunity or as an organized professional photography company.
#19. retail business, #20. rice milling.
The key agricultural staple food in Kerala is rice. With some six hundred varieties grown in Kerala’s extensive paddy fields. Therefore, it opens up a lucrative opportunity to initiate a rice mill business in Kerala. Depending on the production output you want, you must procure the machinery. Also, you can apply for Govt. a subsidy in establishing a rice mill here.
#22. spice business, #23. tea bag making.
Kerala is also a major tea-producing state. After coconut, tea is a significant cash crop here. If you want to start a small manufacturing business, then you can consider opening a tea bag-making business here. Depending on your skill and investment capacity, prepare the proper business model. Simply you can distribute the products to local retailers or you can only go for online selling.
#25. travel agency, 26. start a spice business.
Given Kerala’s status as the Spice Capital of India, entering the spice trade is a lucrative venture. You can cultivate and export high-quality spices like cardamom, pepper, and cinnamon, tapping into the global demand for exotic flavors.
How to start a business in kerala, frequently asked questions, is kerala a good place to start a business, what are the best cities in kerala to start a business.
The top cities in Kerla for starting a business are as follows:
Which business is best to start in kerala.
Editorial Team at 99BusinessIdeas is a team of experts led by Rupak Chakrabarty with over 25 years of experience in starting and running small businesses. Started in 2010, 99BusinessIdeas is now one of the largest free small business resources in the industry.
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Kerala is popularly known as ‘God’s Own Land’ and the reasons for this claim are extremely strong. The alluring beauty of this place makes it the perfect replica of paradise. Tourists from all over the world visit Kerala, thus making it the perfect place to do business that gives nothing but profit.
Here are some of the best profit-making business ideas in Kerala for you to try your hands on.
Kerala is known to be a hot and humid state, thus procuring ice when you have to serve something cold to a number of guests can seem daunting.
Business ideas in Kerala such as selling ice to hotels and other facilities that cater to tourists can be extremely profitable.
Since a major part of Kerala’s beauty comes from plants and trees, good quality manure is always required.
You can develop your own organic manure and sell it for a reasonable price to the government.
Pregnancy is a beautiful period but it can be challenging as well. Thus, taking proper guided care during this period is of utmost importance.
You can acquire proper training in exercises for pregnant ladies and open up your own classes.
The number of business ideas in Kerala is countless and this idea for doing business comes from the same field of pregnancy care.
A Doula is a woman who helps a pregnant lady during the pregnancy period, including providing information about taking care and delivery of the baby.
Losing one’s hair can be extremely challengingl for that person’s self-esteem. You can lend a helping hand to them by using this creative option from the list of business ideas in Kerala.
Create your own wig from human, animal or synthetic hair to help thousands of people feeling the burn of not having enough hair.
Losing a loved in itself is a difficult process, let alone performing their last rights. Imagine if you have to look for a place to perform these rights during such a time?!
There are many business ideas in Kerala, but are they of any use if you can’t help someone in difficult times?
Teenagers in today’s times are mostly found playing video games. Unlike earlier times, children play more video games…actually we adults play them too.
So, why not use such business ideas in Kerala to gain profit? Build your own gaming Den and earn great profits!
If business ideas in Kerala like opening up a gaming zone fall short of your funding, then you can become a game moderator.
You can register online to monitor chats and certain activities in games, such as those played by teenagers or children.
With our stressful work lives and no time to spare for personal lives, maintaining our health can be difficult.
If you understand this, then you know how important collection of medical samples can be for the regular public. Is this your calling?
Kerala is famous for Thrissur Pooram (mother of all temples festivals) and the elephant festival. The most spectacular part of this festival is elephant pageantry and procession.
To make this opportunity more profitable you can rare elephants and provide their service during the festival in May.
To make our sofas look clean and as good as new we need to get them professionally cleaned.
Since most of us own a sofa, this can be one of the great business ideas in Kerala.
Kerala apart from its exhaustive cultural heritage is most famous for eco-tourism.
A business involving the maintenance of this eco-tourism can especially be profitable.
We all have old sarees or lehengas at home that are occupying our space but we can’t throw them. This is because of the memories that they are attached to.
A beautiful business idea to solve this problem can be to take those sarees and lehengas and create new designer clothes.
The fashion of putting applique on some or the other thing seems to never go.
You can make these appliques in different designs, sizes and from different materials to suit the needs of your client.
Herbal and ayurvedic products are a strong suit for our nation. But sometimes it is difficult to find certain products in some or the other part of the country.
You can utilize this need to make this idea one of the best business ideas in Kerala.
When you hear the name Kerala what comes to your mind?
Backwaters? Correct?!
You can buy a few houseboats and give them on rent during the peak season to gain huge profits and ultimately become rich.
Where there is tourism, there are tourists. Where there are tourists, there are photos.
Make these fantastic business ideas in Kerala work wonders for you by using great cameras and sharing your portfolio online.
The world is becoming diet conscious but what can one do if they like eating namkeens?
Your business ideas in Kerala of opening a diet namkeen shop can help resolve this dieting issue for so many people looking for healthier eating options.
India is known for its traditional heritage and Kerala is not far behind. Kerala is rich in their own dance, martial arts, music and art forms.
You can open an art gallery to welcome budding artists to display their art at your facility for a nominal fee.
Who doesn’t like cars? What if you could deliver these people with a modified version of their personal possession.
If you have the necessary skills to modify automobiles, then business ideas in Kerala like these are the ideal way to get rich for you.
The lustrous greens found in Kerala are no less a signal that the soil has a great ability to grow crops.
You can create your own kitchen garden and sell fresh and organic vegetables.
Products like the pickles and masalas are distinct to each part of the country.
You can sell these masalas and pickles to not only Keralites but also to other states.
Herbs and natural remedies have been used in Kerala and various parts of India for years now. You can take adequate training in this field and provide naturopathic healing to the needy.
The above mentioned business ideas in Kerala we have talked about have a relatively new niche to them. But alternative therapies like Spas have been proven to be time tested business ideas.
Use your skills in art and imagination to provide your customers with a specialized feature of their branded shoes.
You can buy new ‘branded’ shoes or you can take the old shoes of your customers based on their need and design it like no other..
Most schools have something in common, something that we have all experienced-Fancy Dress.
Create unique and creative fancy dresses for this business idea to qualify into the list of exceptional business ideas in Kerala.
Business ideas in Kerala are in abundance, like the concept of making facial and hair masks.
Using natural products to make effective masks can be an amazing business strategy for boosting your financial status.
This was the complete article on business ideas in Kerala. I hope this article was helpful to you.
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Kerala is one of the most investor-friendly states in India. As a 100% digital and the most literate state, Kerala resolves most of your business setup challenges. Other than working independence, creative satisfaction, and financial pros, you can tap several business opportunities by starting a business in this state which is located in the southern part of the country. If you are looking for ideas for setting up a new business, we’ve prepared a list of the most profitable business ideas in Kerala with low investment to help you figure out your options.
Ayurveda is an ancient form of medicine that Kerala’s shores have cultivated over the centuries. Rather, Kerala is probably the only Indian state that uses Ayurveda as mainstream medicine. The use of natural oils and herbs in therapy promises holistic wellness which is why there’s a huge potential for the growth of Ayurveda tourism in Kerala.
These days, almost everyone can earn money from the comfort of their home which is true for the people in Kerala too. The best options for starting a profitable business from home in Kerala are blogging, affiliate marketing, freelance writing, dropshipping , online survey, and others.
Kerala is an ideal place for starting an incense-making business in low investment. Here, you can easily find the raw material for making Agarbatti sticks. Since almost every household uses Agarbatti for aroma and religious reasons, the product has a demand round the year all across India which is why incense making would be a perfect small business with low investment.
Kerala is a popular destination among domestic, as well as international tourists. So, if you are interested in setting up a small boutique, you can do so by keeping a unique collection of clothes that are popular among tourists. You can begin this business at an economic budget and can always add more collections of apparel later to expand.
In case you want to start an online clothing business from home, click here to know the step-by-step guide.
Banana wafers are one of the favorite snacks of Kerala. So, if you know how to make it properly, you can start this profitable business with very low investment in Kerala.
Kerala is a major producer of Indian spices like cardamom, clove, turmeric, cardamom, vanilla, and nutmeg. Fulfilling the market demand for spices would be a profitable business in Kerala with low investment. In case you don’t want to indulge in the manufacturing business of spices, you can choose other processes like grading, grinding, and packaging of spices.
If you know the local places in the state very well, start a website with information about nearby areas. On the website, you may include information like nearby tourist places, unsafe areas, local markets, the best places to eat nearby, etc.
Jewelry making may not be a small-budget business, but there’s a huge potential for gold and diamond jewelry making business in the state. Apart from these, pearl jewelry and fashion jewelry items are also in huge demand in Kerala. As the diamond jewelry-making segment is growing popular among youngsters, you may want to give this business a shot even with a small budget.
Well-recognized for its enthralling beauty, Kerala welcomes Indian and international tourists in huge numbers throughout the year. If you’re an amateur photographer, you can turn your passion into a business without spending too much. The initial cost for setting up this business would be for purchasing the camera and other necessary equipment. Depending on your choice, you can start this business on your own or can hire photographers to establish an organized photography company.
Rice is Kerala’s agricultural staple food with around six hundred varieties of rice grown in the state’s extensive fields. Therefore, starting a rice mill business in Kerala would be a lucrative opportunity.
This business is one of the safest ones to start anywhere around the country. However, due to the pandemic, starting a digital grocery store would be more beneficial. You can simply tie-up with a courier partner or a shipping aggregator to deliver the goods to end customers. NimbusPost , an automated shipping aggregator offers you a free sign-up and benefits like 27+ courier partners on a single platform. You can compare all courier partners’ shipping rates; pick a courier partner of your choice, and easily ship products across 29000+ pin codes within India.
Other than Kerala, if you’re looking for low-budget business ideas across India, click here to find some amazing ideas for small businesses you can start right away.
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Top business opportunities in kochi.
Planning to start-up your own business?
What can be the better option to do so than doing it in Kerala, the sole 'Start-up Ecosystem’ ?
In this post, we're are going to share with you the 14 most profitable and lucrative business ideas and opportunities in Kochi right now.
Kochi being the financial and corporate capital of Kerala is a highly developed cyber city. It consists of the most advanced residential, business, health, education and lifestyle infrastructure and amenities. Kerala has huge business potential, and Kochi is the financial capital of it.
Considering several parameters including land costs, power and communication infrastructure Kochi has been ranked as ‘The Second Best leading ITES destinations’ according to the recent NASSCOM survey and was above metros like Bangalore, Mumbai and New Delhi.
Now you must be thinking about ‘why choose Kochi for a start-up business?’ You must be wondering about the financial expenses as well.
Now to decode such questions let me put down the extraordinary facilities that make KOCHI ‘the go-to place’ for any person who is planning up to start their own business or expanding their existing business.
• The Government of Kerala has a state policy called ‘Kerala Start-Up Mission’ (KSUM) which makes it an investor-friendly state in India.
• Due to the ascend in population and employment in the area, Kochi is now classified as the TIER 2 city by the Government of India and this gives wings to entrepreneurs, IT and ITES to spread the best they can.
• 100% literacy and 100% digital rate which ensures the supply of skilled and educated workforce leaving behind most of the Indian states in terms of industrial development.
• Start-up costs are substantially low in Kochi as the rentals, power, water, transport along salaries are also very low thus keeping the operating cost lower as compared to other locations.
• Kerala permits up to 100% foreign ownership, subject to certain conditions, which makes small, medium and large scale business initiatives thoroughly streamlined.
• Kochi attracts good investment opportunities due to its better standard of living since all housing, shopping, schooling, medical, food, and banking facilities are available in the vicinity.
• A technically equipped city with all the modern-day itinerary.
• A vivid culture that is suitable for expanding various business options such as crafts, handlooms, etc.
• Lots of option to expand and flourish.
• Many rentable options in infrastructure
Thus, the city is 100 percent investor-friendly and the low operating costs are a crucial contributing factor to that. Kochi is famous for many things such as jewellery, tourism, Ayurveda, rubber, coffee, spices, and banana products. These could give enough scope to an individual or millennial to set up a business in this city.
Also, combining all these factors mentioned above, starting a business in Kochi (Cochin) can be highly profitable.
Here is the list of some of the most lucrative business ideas to start in Kochi :
1. Property Management Services/ Estate Agency
Proving rent and finding suitable tenants for rent, preparing and marketing the property for sale can be a new line of work in Kochi. A place to offer so much sees a high demand for space to rent or buy. Being an agent and managing properties can be a lucrative business idea for cities.
2. Jewellery Business
Jewellery making is one of the oldest industries in India and Kochi is pioneered amongst them. It’s a well known fact that Kerala is the home to traditional and elegant jewellery designs in the whole country. There is also a place known as “Jewel Junction” in Kochi where you can find some of the most top jewellers in the country. Thus, starting a jewellery business in Kochi is a profitable decision with an amalgamation of art and benefactors in one place.
3. Accounting Services
There is a great scope for young Accountants to start an accounting business in Kochi. As new businesses flourishes, a big or small, requirement for accounting services will exist alongside. Since most of the small to medium sized companies prefer to outsource most of their accounting work, budding accounts professionals can see this as a great opportunity to capitalize on.
4. Online Home Tuition
Since the Covid pandemic the demand for Online Home Tutions has increased exponentially. Online tuitions are now a really strong and growing industry with a wide range of business opportunities for everyone from a college student who loves teaching to people with experience in teaching.
You can take up online tuition services for smaller grades or start tutoring for professional and other skill development courses like SAP, Tally, Digital marketing, etc and scale your business to the next level. A state with such a high literacy rate surely is a place to accommodate such ideas and for a business to thrive in.
5. Home Decor Services
People who love to make home decors have a huge opportunity in Kochi to start your own home decor store online. You can make and sell your home decor products online like wall arts, frames, designer candles and vases, paintings, kitchen dining and a range of other accessories. This is a huge business opportunity for people who have the talent to design and create something beautiful which will make our home look more beautiful and elegant.
6. A Gallery-café Or Restaurant
Since Kochi is a place with rich history and culture what is the best way to put both together with other than its food. Surely it is a tourist hotspot. So, with the help of Ecotourism and biodiversity, setting up a café or a food joint near the Malabar Coast could be a great business idea that one can afford and reap great profits.
7. Tourism And Hotel Business
The tourism industry in Kochi offers immense scope for the future. This industry provides 13% of the state’s GDP. Other than the picturesque attraction, all of the historic quarter’s key attractions has a key role to play in.
There are several heritage houses and forts that have been turned into hotels and are running successfully, attracting tourists from all parts of the world to Kochi. Thus clearly investing in the tourism business here is a very clever move that can bring in huge profits down the line.
8. Franchise Business
The city is considered as one of the prime locations to start a franchise business ranging from food to education to healthcare to travel and many more, thereby it increases the demand for distributorship and dealership opportunities in Kochi, some of which are:
• Restaurant Franchise
• Bakery Franchise
• Laundry Franchise
• Clothing Franchise
9. Rubber Business
On a national scale 92% of rubber plantation has been done in Kerala where Kochi is exporting raw material to other countries. So it will be a great move for an entrepreneur to invest in.
10. Lemongrass Oil
100% of lemongrass oil is produced from the Kerala which scales a huge business opportunity for businessmen to invest in this market.
11. Biotechnology and Medicine
Biodiversity makes Kochi one of the most prospective locations for Biotechnology which opens a way for Medicine and pharmaceutical companies a huge scope. In addition to that, the presence of established research institutes like Rajiv Gandhi Institute for Biotechnology, Indian Institute for Spices Research, Kerala Agricultural University etc. ensure trained human resources required.
12. Exports
There is a huge scope to Export crops, Spices and Bamboo Crafts. 70% of coconut is being cultivated in Kerala. Banana wafers is a new trending business for upcoming years. Paper is hugely produced from Bamboos, so another option for business people to grow with it.
13. Packaged Food
Kochi is known for its fisheries. Packaged food is the most trending business in Kochi over the years. Frozen, packaged fish and dry fish are now coming up with shipping to other states in India. So seafood exporting is another business opportunity you can look at.
Startup costs are the expenses you’ve to bear while starting a new business venture. Some of the startup costs include costs incurred for a business plan, research expenses, borrowing costs, and expenses for advertising. Check out the infographics below to know more:
In case you're planning to start a business in Kochi, you would probably need an office space to rent. Since the office space, you occupy, throws a strong impression on the potential or existing clients who visit you, locating your company in a professional and inviting work environment that suits your needs is a big challenge.
So to build your business activities and services to the next level, Trans Asia Cyber Park now provides commercial office space for corporates and professionals at the prime location of Kochi. Our specific services include furnished office spaces , shared office spaces and unfurnished office spaces .
Therefore, it frees up your time, and you can focus on growing your business while we take care of the rest.
Contact us and let us know your office space requirements and we can work out a plan to get you started on your way to success and growth.
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Tata Capital > Blog > Loan for Business > Top Booming Business Ideas In Kerala
Kerala, often referred to as ‘God’s Own Country’, is not only known for its picturesque landscapes but also for its vibrant business environment. With a rich cultural heritage and a growing economy, Kerala presents numerous opportunities for entrepreneurs looking to establish successful startups there. But to become successful, you need to walk in the right direction. It all begins with searching for the best business ideas in Kerala. So, what’s booming in Kerala nowadays? Find out now!
Here are the top new business ideas in Kerala that showcase huge potential for growth and success:
Kerala is quite popular for its Ayurvedic traditions, making it a hub for wellness tourism. Entrepreneurs can tap into this growing market by establishing Ayurvedic wellness centres, spas and retreats. Offering traditional Ayurvedic treatments, yoga sessions and organic food options can attract both domestic and international tourists seeking holistic well-being experiences.
To ensure success, entrepreneurs should focus on authenticity, quality services and creating a serene ambience. Collaborating with experienced Ayurvedic practitioners and marketing the services effectively can make this business idea highly profitable.
Given the increasing global awareness of environmental issues, the demand for eco-friendly products is on the rise. Entrepreneurs in Kerala can capitalise on this trend by starting businesses that manufacture sustainable products such as biodegradable packaging, reusable goods and organic textiles.
With an abundance of locally available resources, entrepreneurs can leverage local materials and craftsmanship to create unique, eco-friendly products. Establishing partnerships with local artisans and promoting the products through online e-commerce platforms can enhance market reach and sustainability. Eventually you can create your own e-commerce platform dedicated to eco-friendly products.
You can leverage TATA Capital Business Loans for initial funding requirements. It comes with one of the most affordable interest rates and flexible tenures. To know your EMI in advance, you can use the Business Loan EMI calculator . You just need to enter the loan amount, tenure and interest rate. The calculator will show the exact amount of EMIs and total interest payable over the tenure of the loan.
Kerala’s fertile soil and favourable climate make it an ideal location for spice and organic farming. Entrepreneurs can venture into cultivating spices like cardamom, pepper and vanilla or grow organic fruits and vegetables. You can sell the produce locally or exported, tapping into the growing demand for organic and locally sourced products. It is one of the small business ideas in Kerala that can potentially grow into something big.
Investing in sustainable farming practices, adopting modern techniques, and obtaining organic certifications are crucial for success in this business. Additionally, entrepreneurs can explore value-added products such as spice blends, essential oils and organic preserves to further diversify their offerings.
Kerala has one of the highest literacy rates in India. Education is taken seriously here. However, the education sector is witnessing a significant shift towards online learning and Kerala is no exception. Entrepreneurs can establish online education platforms that cater to school, college and professional courses. Specialised skill development courses, especially in areas like IT, healthcare and tourism, can find success in Kerala.
Investing in user-friendly platforms, collaborating with experienced educators and providing certification upon course completion are essential elements for success. Leveraging digital marketing to reach a broader audience and offering competitive pricing can make this business idea lucrative.
With its diverse landscapes, rich cultural heritage and eco-friendly initiatives, Kerala is a magnet for tourists. Entrepreneurs can tap into the tourism sector by focusing on sustainable and responsible travel options. This includes eco-friendly resorts, community-based tourism, and adventure tourism that promote local culture and support conservation efforts.
Collaborating with local communities, promoting responsible tourism practices and ensuring a unique and authentic experience for visitors are key factors for success in this business. Entrepreneurs can also leverage digital marketing and social media to reach a global audience.
Renewable energy can be one of the best business ideas in Kerala to execute. Kerala, known for its natural beauty and diverse ecosystems, presents a significant business opportunity in the field of renewable energy. The state’s abundant sunlight and moderate climate make it conducive for solar energy projects. Additionally, its extensive coastline offers potential for wind and hydro energy development.
Wind farms and small-scale wind turbines can contribute to the state’s energy mix, promoting sustainability. Apart from this, Kerala’s network of rivers and water bodies offers opportunities for small to medium-sized hydropower projects. Renewable energy is the future and you can start from Kerala!
Kerala’s extensive coastline and network of rivers and backwaters make it an excellent location for aquaculture and fisheries. Entrepreneurs can explore opportunities in fish farming, prawn cultivation and the production of high-value seafood. With a growing demand for quality seafood, both domestically and internationally, this business has great potential.
Adopting sustainable aquaculture practices, ensuring product quality and complying with regulations are essential for success in this sector. Entrepreneurs can also explore value addition by processing and packaging seafood products for export.
There are a myriad of business opportunities in Kerala for aspiring entrepreneurs. Whether it’s tapping into the traditional Ayurvedic wellness industry, capitalising on the demand for eco-friendly products or embracing the digital revolution through online education and mobile app development – there is no shortage of business ideas in God’s Own Country.
However, success in these ventures requires a combination of innovation, dedication and a deep understanding of the local market. By carefully evaluating the feasibility of these business ideas and adapting them to the unique characteristics of Kerala, entrepreneurs can contribute to the economic growth of the region while building successful and sustainable ventures. You will need to begin with a certain amount of capital to kickstart your entrepreneurial journey.
TATA Capital understands the dreams of budding entrepreneurs and to help them reach their goals, it offers affordable business loans. With minimal documentation , you can get loans instantly to begin the execution of your startup plan. Who knows, you too end up being a Shark Tank judge in the future. Apply for the TATA Capital Business Loans now !
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Do you want to start your own business?
What better place to do so than in Kerala, the world’s only ‘Start-up Ecosystem’?
If you’re looking for best business ideas in Kerala , you’ve come to the right spot.
In this article, we will inform you about the most common as well as lucrative opportunities for businesses in India , and you will be able to start your own company with a very small or large investment.
Kerala is a very investor-friendly state; it has a literacy rate of 100 percent and a digital penetration of 100 percent.
When we compare the state to other locations, we can see that the cost of operations for some kind of start-up in this state is very low.
The rents are very low here, and you will be able to obtain water, electricity, and transportation at a very low cost for industrial purposes.
It makes little difference whether you live in Kerala or not; you can start a company on a small scale with very little investment in this state.
In this post, we will discuss some of the methods you may use to start your own company. To learn more about these opportunities, read the whole post.
Profitable new business ideas in kerala for small & home based business.
Here is a list of some of the most profitable New business ideas in Kerala:
Renting out and locating appropriate renters, as well as planning and selling a property for rental, maybe a new line of work in Kochi.
This is one of the profitable business ideas in Kerala with low investment where we can survive long in the market.
A location with too much to give sees strong demand for room to rent or purchase.
Being a real estate agent and operating assets can be a profitable business venture for communities.
Jewellery Industry is one of the biggest industry in the market and it’s a profitable small business in Kerala.
Jewellery manufacturing is one of India’s oldest industries, and Kochi is a leader in this field.
Kerala is well known for having the most traditional and beautiful jewellery designs in the entire world.
There is also a spot in Kerala at Kochi known as “Jewel Junction” where you can find some of the best jewellers in the world.
Thus, starting a jewellery company in Kerala is a lucrative decision because it combines art and benefactors in one place.
Young Accountants in Kerala have a lot of opportunities to launch their own accounting firms. This is the best online business idea in Kerala.
If new companies grow, there will be a need for accounting services, whether large or small.
Since most small and medium-sized businesses tend to outsource the majority of their accounting jobs, aspiring accounting practitioners will see this as a perfect opportunity to build on.
People who enjoy making home decorations have a great opportunity in Kerala to open their own online home decor shop which is the easiest home based business idea in Kerala and you can also earn more profit by applying different business tips .
You will create and sell home decor items such as wall arts, frames, designer candles and vases, portraits, kitchen dining, and a variety of other accessories online.
This is a fantastic home based business idea in Kerala without investment that have opportunity for those with the ability to design and build something exquisite that will enhance the beauty and elegance of our house.
Kerala’s tourism sector has enormous potential for the future. This industry accounts for 13% of GDP.
Tourism is a big venture and it is a successful and profitable small business idea in Kerala Aside from the picturesque attraction, each of the historic quarter’s main attractions plays an important part.
There are many heritage houses and forts that have been effectively converted into hotels, drawing visitors from all over the world to Kerala.
Thus, obviously, investing in the tourism industry here is a really smart investment that can yield big returns in the long run.
Many cities in Kerala are regarded as prime locations to launch a franchise company ranging from food to education to healthcare to travel and many more, the demand for distributorship and dealership opportunities in Kerala, some of which are:
Kerala’s biodiversity makes it one of the most promising areas for biotechnology, opening up a wide range of opportunities for medicine and pharmaceutical firms.
Furthermore, the existence of existing research institutes such as the Rajiv Gandhi Institute for Biotechnology, the Indian Institute for Spices Research, the Kerala Agricultural University, and others ensure the requisite qualified human resources.
Export business is a vast sector and more profitable new business idea in Kerala. Vegetables, spices, and bamboo crafts have a lot of potential for export.
Kerala grows 70% of the world’s coconuts. Banana wafers are a modern trending industry for the coming years.
Bamboos are used to make a lot of paper, so it’s another way for businesses to flourish.
A perfumery sells a variety of scent lines, catering to a wide range of preferences.
It is important to have in-depth knowledge of fragrances, as well as how to conserve and commercialize them.
Kerala is home to the well-known Start-up Village, India’s first government-supported start-up incubator.
There are numerous companies that you can launch in the state because it is not only gorgeous but also nurturing for entrepreneurs. It is beneficial to small businesses.
It is a small sector with huge business in market. This is one of the best business idea in Kerala.
Many businesses need acrylic accessories such as office stands, counters, and vases, among other things. This is a very lucrative market; simply invest in the appropriate segment.
If you’re wondering what kind of business to start at home, an acrylic artifact company could be a good choice.
It is not entirely appropriate to make a marketing argument, but only one piece must be removed from the objects.
Because of the chemical processes that are used to purify the water before it reaches people’s homes, the water that reaches their homes is not always of high quality.
Individuals often turn to mineral water in search of a higher quality of life. Starting a company in this field requires little capital. This Small business idea in Kerala yields high profit.
These were the Kerala market prospects. You can learn how to start a company in Kerala and how to run a profitable business in Kerala with the assistance of these resources.
If you have any other business ideas in Kerala , please share them in the comments, and if you have any tips for viable business ideas, please share them as well.
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I’m Sammy Belose, SEO Scientist, Digital Marketer & Growth Hacker. I love to play with Google Search Engine & convert business ideas into a growing company.
If you are looking for some small business ideas in Kerala then you are in the right place. Here in this post, we are going to tell you about the most trending as well as the most profitable opportunities for small businesses that are present in Kerala and you will be able to start your own business with an investment that is very low.
Kerala is a state which is very investor friendly; this is a state which has a literacy rate of 100% and also have 100% digital reach. If we compare the state to any other location we will find that the cost of operations for any type of startup in this state is very less. The rentals are very low here; you will be able to get water, power as well as transport at very low cost for industrial purposes.
It doesn’t matter whether you are a resident or not in Kerala, you can start a business from a small scale with very low investment in this state. Here in this article, we have mentioned some possible ways with the help of which you will be able to create your own startup with very low investment . To know about those opportunities read the complete article.
Table of Contents
You can find Agarbattis in each and every household now a day and you can make a great business out of it. By making a small plant for agarbatti manufacturing you will be able to create a good business. The use of Agarbatti is good as each and every household uses Agarbathis and you might also find it in some shops as well.
This is a type of business which is gaining a lot of popularity as you will be able to see aluminum doors and most of the offices and coaching centers nowadays. You can manufacturer aluminum doors and sell them or even offer to create a complete space for the client and make a good business out of it.
See Also: Top 20+ Interesting Business Ideas in Delhi
Almost all the fragile items, as well as other items as well, consist of bubble wrap and the demand is also very high. You can make a good business out of it if you are successful in making good contacts in this industry and supplying the bubble wrap packaging to your clients who manufacture crazy products.
Aluminum foil is generally used in many different formats such as in the packing material. It is used in packing almost each and every food products nowadays so that it can be kept warm. You will find Aluminium foil in each and every household nowadays and you can start the business of it for sure.
Nowadays the space for ATM demand is pretty high and if you have a kind of space where the amount of ATM is less and population is high then you can contact the bank and ask them to rent a space for ATM. This is a source of fixed income. Looking for upfront cash to fund your new business? Online title loans can be a financial resource to consider!
If you are good at making and you have good interest and it then you can start a business of baking products and you can start your own shop by doing the same. Nowadays people are very much interested in making stuff and you can take advantage of it by selling it to them.
The demand of this product is increasing very much and the producers of governments are very much interested in buying these. You can start a business of it as the group is also significantly high in this field.
See Also: 11 Most successful small business ideas in Gujarat
The demand for printed T-shirts is pretty and you can customize the t-shirt as per the demand of your customers and sell it to them. Scope in this business and also very high.
You can start the same business online by selling the customized T-shirt to your customers according to their choice and sell them online by taking their what is also online.
You can look at that trending items and start a business of your own by selling t-shirts that are printed in the trending things.
You can start a business of selling bedsheets as everyone uses bed sheets and the demand is also pretty high. If you are successful in creating bed sheets that are very attractive and different from all the other bed sheets available in the market then you can make a good business out of it.
Many people still use candles nowadays and you can create a business out of it by selling candles of different and unique designs to the people and make a good business out of it.
See Also: 47 Best Small Business Ideas in India for 202 3
You can sell great quality customized jewelry to your customers at a cheap price and create a good business. People are really interested in buying different type of jewelry online business as well as offline which are different from all the others available in the market.
You will find it in each and every household nowadays and you can create a good business out of it by selling these to the people.
People are really interested in eating different types of ice creams and you can create new flavors and sell them to them and make a good business.
You can print on the flex according to the customer demand and sell it to them by creating new and good designs for them you can find also the new upcoming businesses and profitable business opportunities in India .
Plastic containers are a product which is found in every house and you can make a good business by selling these in the market.
The demand for Steel utensils is also pretty high and you can sell them in the market to customers. It is a small scale business in Kerala.
The costing of the wall clock is not very high and you can get for a very cheap price and sell them in the market afterward. You can try this if you are looking for new business ideas in Kerala .
Margin in watch repairing is also very high as the parts are very cheap and you can make a good business.
Each and everyone uses mobile nowadays and by repairing mobiles you can make a good income.
The use of plastic bags is getting less day by day and you can take advantage of this opportunity by supplying jute bags to your customers at low prices. It is the best business to start in Kerala.
See Also: 11 Small Scale business ideas in Telangana State
You can create grapevine as it costs very less and you can sell them to your customers and make a good profit out of it.
You can create garments for kids which are specially customized only for kids. There are used margins in the business of kids garments and you can make a good profit by selling it to your customers.
You can sell the governments for kids online and here also the margin is also pretty good and you will be able to make a good amount of profit by doing the same.
Tissues are widely used in homes as well as the students and many other places as well. You can supply tissues in Big stores in huge amount and make a good profit by selling them.
People are really interested nowadays in wearing caps and the margin is also pretty good in this business. You can manufacturer cabs and sell them and bulk to the shopkeepers and make a good profit.
You can sell good quality perfumes online which can be manufactured by you or you can also buy them from the wholesale market and further sell them in the online market to your customers and make a good profit by doing the same.
Nowadays you will be able to find wall stickers and mostly all of the homes and the costing is almost nearly negligible when it comes to manufacturing and the margin is really high end this business. You can do the business of wall stickers online or offline according to your choice and make a good profit out of it.
You can sell biodegradable soil to the customers who are into farming and the margin is also pretty good in this business. You will be able to notice that the demand is also very high in this business as well.
If you live in a location where the supply of coconut is very high and you will be able to provide different type of products made from coconut to the customers then you can start the business of coconut as well. It is a profitable business in Kerala.
You can sell toys online and if you do good research in the market for toys then you would notice that you will be able to get toys at a very cheap rate and you can sell them online and make a good profit.
So these were the business opportunities in Kerala with low investment. With the help of these you would know how to start a business in Kerala and also you will be able to make a profitable business in Kerala with low investment.
If you have any other small scale business ideas in Kerala then you can mention them in the comments and if you have any suggestions related to profitable small scale business in Kerala then you can mention them in the comments as well.
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Democratic presidential nominee Kamala Harris unveiled some of her major economic priorities in a speech in North Carolina last week.
Central to her agenda is a plan to make housing more affordable — an issue that's become increasingly urgent for millions of Americans amid a housing supply shortage and skyrocketing prices . Part of Harris' plan involves spurring the construction of lots of new housing through policy changes and subsidies. But barriers to new construction abound — from an often-gridlocked Congress to state and local leaders and communities.
Harris has pledged to build three million homes across the country during her first term as president. She wants to offer tax incentives for home builders to construct starter homes — smaller, more affordable units — for first-time homebuyers. She would also expand a current tax credit for businesses that build affordable rental housing. And Harris says she would double the Biden administration's $20 billion housing innovation fund intended to support local governments and developers looking for new ways of building affordable housing. Last, the campaign called for a reduction in "red tape and needless bureaucracy" that stalls new construction.
These three million new homes would be in addition to the homes developers would otherwise construct, The Wall Street Journal reported .
Jenny Schuetz, an expert in urban economics and housing policy at the Brookings Institute, told Business Insider that while a goal for new home construction is helpful, it's not necessarily an accurate prediction.
"There's no way that the government can guarantee X number of homes are going to get built," Schuetz said. But, she added, "putting the number out there and then marking progress is actually quite helpful."
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Aside from incentivizing new housing construction, Harris' plan includes a proposal to crack down on investors buying up homes in bulk and landlords from using rent-setting algorithms "to collude with each other and jack up rents."
The campaign also proposed expanding the Biden administration's assistance for first-time homebuyers, proposing an average of $25,000 in downpayment support for first-time buyers.
A spokesperson for the Harris campaign didn't immediately respond to a request for comment.
Harris' plan focuses more on boosting the supply of housing than the current administration has. The federal government has traditionally focused its housing policy on demand-side subsidies like housing vouchers. Schuetz and other housing experts are glad to see this shift, noting that a housing shortage is the central cause of the affordability crisis.
There is some bipartisan agreement on housing policy. At the state level, Republican lawmakers have successfully cut red tape to spur home construction. But boosting federal funding and shifting strategies won't be easy in a bitterly divided Capitol.
"Acknowledging that this is a problem isn't the same thing as saying we've got a magic wand that will allow us to solve it," Schuetz said.
Most of Harris' housing plan would require support — and lots of new funding — from Congress. The WSJ reported that the tax credits for starter homes and affordable housing construction would cost about $80 billion combined. And getting Congress to agree on anything is a serious challenge.
Andy Winkler, director of housing and infrastructure projects at the Bipartisan Policy Center, noted that while there isn't much Republican support for demand-side housing policies like Harris' downpayment assistance program, some of the supply-side measures could get bipartisan backing.
He's most optimistic that expanding the Low Income Housing Tax Credit and other supply-side, tax-based policies could pass Congress as it debates tax reform in 2025. But he's skeptical the reforms Harris could get through would result in three million new homes in four years — a goal he called "pretty ambitious."
"I have trouble foreseeing a sweep election, so if either the House or the Senate has a Republican majority, I think the tax policies are where you could see the most potential," Winkler said.
On top of getting Congress on board, a Harris administration would need states and municipalities to reform many layers of land-use regulations and other housing-related policies to make way for new construction. Many of the policies that restrict housing construction — including land-use laws like zoning — are controlled by local and state governments, meaning the federal government's influence over those policies is limited.
The White House and Congress can use federal subsidies to incentivize local officials to loosen regulations and otherwise spur construction, but they can't force this action. And there is often lots of local opposition that significantly slows down or halts all kinds of development.
While Republicans in Congress might be interested in cutting red tape at the local and state levels, the devil's in the details, Winkler said.
"It's really difficult from the federal level to incentivize those behaviors," he said.
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The Justice Department filed an antitrust suit against the real estate software company, accusing it of creating an illegal pricing scheme to charge tenants more.
By Danielle Kaye Lauren Hirsch and David McCabe
The Justice Department filed an antitrust lawsuit on Friday against the real estate software company RealPage , saying its software enabled landlords to collude to raise rents across the United States.
The suit, joined by North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, accuses RealPage of facilitating a price-fixing conspiracy that boosted rents beyond market forces for millions of people. It’s the first major civil antitrust lawsuit where the role of an algorithm in pricing manipulation is central to the case, Justice Department officials said.
“Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law,” Attorney General Merrick Garland said in a statement.
A RealPage spokeswoman, Jennifer Bowcock, said the company would “vigorously” defend itself against the suit and that its revenue management software was “purposely built to be legally compliant.”
The suit escalates the government’s efforts to regulate what it says is misuse of technology. Officials have sued Google, Amazon, Meta and Apple over what they said were monopolistic behaviors that harm consumers.
RealPage’s software, YieldStar, gathers confidential real estate information and is at the heart of the government’s concerns. Landlords, who pay to use the software, share information about rents and occupancy rates that is otherwise confidential. Based on that data, an algorithm generates suggestions for what landlords should charge renters, and those figures are often higher than they would be in a competitive market, according to allegations in the legal complaint.
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4. Develop a Business Plan: Outline your business goals and strategies. Define your target market and competitive landscape. Project your financial forecasts and funding requirements. Develop a marketing and sales plan. 5. Secure Funding: Personal savings or investments. Loans from banks or financial institutions. Government grants or subsidies.
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Here are 33+ new business ideas in Kerala for the entrepreneur in you! Referred to as God's own country, Kerala is a south-Indian state situated on the Malabar coast of India. It shares its borders with Karnataka in the north and Tamil Nadu in the east. Kerala has a long coastline along the Arabian Sea, scenic backwaters, pristine beaches ...
Spice Business. Kerala is the hub for spices and is very popular for the same. People from all around the world come to visit Kerala and take back several bags of spices with them. With such an abundance of spices in the state, starting a spice business would be a great plan. Kerala's pepper, cardamom, turmeric, ginger, clove, cinnamon, and ...
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Here are 11 profitable business ideas for Kerala. 1. Tourism Industry. Kerala has been chosen as one of the top 50 lifetime destinations. The tourism industry provides around 13% of Kerala GDP. In 2021, Kerala received over 75 lakh travelers. Currently, over 1 million people are employed in the tourism industry.
Profitable 10 Best Business Ideas In Kerala 2024. Here are the best business ideas in Kerala that are both rewarding and easy to start: Products based on Coconut Oil. Agarbatti/Incense Sticks Manufacturing. Banana Chips. Ayurveda Products Business. Business of Spices. Home Décor Products.
Small Business Ideas In Kerala. Some tips Business Ideas In Kerala. . 1. Tea Bag Making. . Tea, the hot beverage, is a regular entertainer, a source of living, an excuse for discussion, and a part of gossip culture and a household tradition in India. It is one of the best profitable businesses in Kerala.
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Kerala's diverse economy offers broad opportunities for small businesses. Low-investment ideas include tourism-based ventures, agribusiness, and digital services. Unique local crafts and organic products hold a special market appeal. Tailoring businesses to Kerala's evolving consumer and environmental landscape is crucial.
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Spice Business. Kerala is a major producer of Indian spices like cardamom, clove, turmeric, cardamom, vanilla, and nutmeg. Fulfilling the market demand for spices would be a profitable business in Kerala with low investment. In case you don't want to indulge in the manufacturing business of spices, you can choose other processes like grading ...
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Most of Harris' housing plan would require support — and lots of new funding — from Congress. The WSJ reported that the tax credits for starter homes and affordable housing construction would ...
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The Justice Department filed an antitrust suit against the real estate software company, accusing it of creating an illegal pricing scheme to charge tenants more.
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