Property businesses in India split between Class 36 (real estate affairs, brokerage, leasing, property management and finance) and Class 37 (building construction and development). A broker or property manager is Class 36; a builder is Class 37. Developers who build and sell often need both.
Financial, monetary and banking services; Insurance services; Real estate services
Construction services; Installation and repair services; Mining extraction, oil and gas drilling
| Class 36 · Real estate & finance | Class 37 · Construction | |
|---|---|---|
| What it covers | Real estate brokerage, leasing, management, finance, insurance | Building construction, development, renovation, repair |
| Typical filer | Brokers, property managers, REITs, lenders | Builders, contractors, developers |
| Example | Selling, renting or managing property | Constructing the building itself |
| Developer who builds and sells | The sales/management side | The construction side |
You broker, lease, manage or finance property.
You construct, develop or renovate buildings and infrastructure.
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