Real estate is a property that consists of land and the buildings on it also consist natural resources like crops, minerals, and water. The immovable property of this type is an interest vested in this is also an item of real property. Also the business of real estate, the profession of buying, selling, or renting land, buildings or housing.
Real estate in residential term is a type of property that contains a single family or multifamily structure that is available for occupation for non-business purposes.
In these days the culture of real estate is growing very fast all over.
For the residential purpose, the real estate is also an increasing thing people invest in the real estate property for the residential and for the business purpose.
Residential Property Includes:
Commercial real estate: It refers to buildings or land projected to generate a profit either from capital gain and rental income. Builders make the apartments or flats in a wide area to sell it or to rent it on high price to get the profit. They usually buy a low-cost land in a distant area and build houses or flats on it. They sell it at high prices.
There are different types of commercial real estate like industrial property, office buildings, hotels, malls, retail stores, medical centers, farm land, multifamily housing buildings, and warehouses.
Industrial: This group ranges from smaller properties called contract properties to larger office service or office warehouse properties to the very large industrial properties. We also regard as the type and number of docks that the property has on it.
Office buildings: It refers to a building which has an office or offices in it. The office buildings can also include the banks, professional offices.
Hotels: we all know hotels are the best resource of money in the commercial buildings. A hotel charges a high rate to stay in the rooms.
It includes the place that people can rest and
eat in it. They also get the great benefit in the
service and charge tax on all the items and get profit.
it is a multi-commercial place in a mall there
are many shops, restaurants, fast food stores
and markets. In these times it is a very fruitful
property for a builder. They sell the shops or
a place on a very high rate and gain profit.
These also include the public houses, sports
facilities, restaurants, cafes.