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What are the ideal businesses or jobs to consider in Leh, along with the estimated initial investment required for starting up
If you're considering living in Leh, there are various business opportunities available that can help you establish a successful venture while adapting to the local culture and regulations. One such business idea is opening a guesthouse or a bed-and-breakfast, catering to the increasing number of tourists visiting the region for its picturesque landscapes and unique cultural experiences. The initial investment for such a venture can range from INR 5 lakhs to 20 lakhs, depending on the size, location, and amenities offered.
Another option is to start a travel agency or tour company, organizing treks, sightseeing tours, and cultural experiences for visitors. This business can be initiated with an investment of INR 10 lakhs to 30 lakhs, covering permits, transportation, and staff costs.
Regarding real estate, it's essential to be aware that only residents with a domicile in Jammu and Kashmir can legally buy, sell, or own property in Leh-Ladakh. However, you can still invest in real estate by forming a Real Estate Limited Liability Company (LLC) and managing the property through the LLC. This approach can provide personal liability protection and tax benefits. The initial investment for buying real estate in Leh-Ladakh can vary significantly, depending on the property's location, size, and condition. On average, you can expect to invest anywhere from INR 25 lakhs to 1 crore or more for a commercial or residential property.
In summary, the ideal businesses to consider in Leh include opening a guesthouse, bed-and-breakfast, or a travel agency. Real estate investment is also an option through a Real Estate LLC, but it's crucial to comply with local regulations and consider the initial investment required for the desired property.
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