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NIC Code for a Real Estate Company
For a real estate company, the NIC-2008 code in SPICe+ Part A depends on the business model: 68100 for a company that buys, develops, leases or sells property it owns; 68200 for broking or property management done for a fee, on property owned by others.
Recommended NIC‑2008 codes for a Real Estate Company
Select up to three of these as your industrial sub‑classes in SPICe+ Part A, with one marked primary. Open any code in the full finder for the sample MOA object clause and related codes.
| Code | Description (official NIC‑2008 wording) | Notes |
|---|---|---|
| 68100 | Real estate activities with own or leased property | FDI caveat applies. |
| 68200 | Real estate activities on a fee or contract basis | Needs a regulator's approval first. |
|
41001
Seen on a real filing |
Construction of buildings carried out on own-account basis or on a fee or contract basis | Construction of buildings, own-account or on a contract basis — the standard code for a builder/developer/civi... |
A real-estate developer or investor — buying land or units, developing or simply holding and leasing/selling them as principal — is 68100. A brokerage, agency or property-management company that earns commission or fees managing property for other owners is 68200. A developer that also physically constructs (rather than outsourcing construction entirely) should add 41001 (construction of buildings) as a secondary code.
FDI in real-estate construction-development activity is generally open under the automatic route subject to FEMA conditions, but pure trading in land without construction-development has tighter restrictions — check current FEMA rules before relying on foreign capital for a land-trading model specifically. RERA registration (for the company and for each qualifying project) is a separate, mandatory approval independent of the NIC code chosen.
Before you file
- The proposed company name and the MOA main‑objects clause should both be consistent with the NIC activity and description.
- You may list up to three NIC‑2008 five‑digit sub‑classes; mark one as primary. Real filings this firm has checked almost always carry 2–3, not one.
- Use NIC‑2008, not NIC‑2025 — MCA has not adopted NIC‑2025 for SPICe+ as of 2026.
- If a result above carries a regulator flag (RBI / SEBI / IRDAI) or an OPC caveat, resolve that before choosing your company type and filing.
FAQ
What is the NIC code for a real estate developer?
68100 — real estate activities with own or leased property — for a company that develops and sells or leases units it holds. Add 41001 (construction of buildings) as a secondary code if the company also carries out the construction itself.
What is the NIC code for a real estate broker or agent?
68200 — real estate activities on a fee or contract basis — for a company that earns commission managing or brokering property transactions on behalf of other owners, rather than holding property itself.
Does the real estate company need RERA registration regardless of NIC code?
Yes. RERA registration (of the company as a promoter/agent, and of each qualifying project) is a separate statutory requirement under the Real Estate (Regulation and Development) Act, independent of which NIC code is selected at incorporation.