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Land and anything that is permanently attached to it or constructed upon it, whether natural or man-made, are referred to as real estate. Real estate can be divided into five principal categories: raw land, commercial, industrial, residential, and special use.
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TYPES OF REAL ESTATE BY - NAINA
1. Residential Real Estate 2. Commercial Real Estate FIVE TYPES OF REAL ESTATE 3. Industrial Real Estate 4. Special Purpose 5. Land
Residential Real Estate refers to the property which is used for the purpose of residence/living. For Example - Duplexes, Villas, Townhouses and Apartments. Residential Real Estate
Commercial Real Estate refers to the property which is used for the business purpose. It is also called income property/investment property. For Example - Office,retail,rent and warehouses. Commercial Real Estate
Industrial Real Estate refers to the property which is used for the purpose of developing goods and products. For Example -Layout, Warehouse,Manufacturing and Industrial property. Industrial Real Estate
Special use properties are properties possess limited utilization or specialised use. For Example - Parks, Hospitals, Private Schools and theaters. Special Purpose
Land includes unutilized/undeveloped property, agricultural land and no buildings. For Example - Farms, Orchid, Ranches and Garden Land