Real estate and its types

 Real estate

Real estate is a real property consisting of own land, natural resources and many more. Real estate is different from personal property such as jewellery, furniture, vehicles etc.

Types of real estate

1. Commercial real estate

Commercial real estate is any property which is for business purposes. Example - parks, complex, gas stations,  stores, shopping mall, movie hall grocery stores, restaurants, hospitals

2. Residential real estate

Residential real estate is only for own residential purposes. Example - own house, cooperative,multifamily residences and more.

3. Industrial real estate

Industrial real estate is a property which is for industrial purposes. Example - storage, distribution, manufacturing, research and development.

4. Land

Land is for undeveloped property like agricultural lands such as farms, orchards and timberland.

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