What Is Real Estate?

•Real Estate is the property, land, buildings, air rights above the land and underground rights below the land. The term real estate means real, or physical, property. 

•The real estate sector is one of the most globally recognized sectors. Real estate sector comprises four sub-sectors – residential, commercial, industrial and land banking.

•The value of real estate is the overall health of the economy. This is generally measured by economic indicators such as the GDP, employment data, manufacturing activity, the prices of goods, etc.

•Real estate represents a significant portion of most people's wealth.

•Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 percent of the country’s GDP by 2025.

•Retail, hospitality and commercial real estate are also growing significantly, providing the much-needed infrastructure for India's growing needs.

Types of Real Estate.

Residential Real Estate:-

Includes both new construction and resale homes. The most common category is:

1.Single-family homes

2.Townhouses

3.Villas

4.Vacation homes

5.Apartments

Commercial Real Estate:-

It is property used exclusively for business purposes or to provide a workspace rather then a living space its Includes,

1.Shopping centers

2.Malls

3.Hotels

4.Medical and Educational buildings

5.Offices

Industrial Real Estate:-

All land and building either utilized or suited for industrial activities. Such are:

1.Research

2.Production

3.Manufacturing

4.Warehousing

5.Light Storage

Land Banking:-

Includes vacant land, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision, and site assembly.