What is real estate? Types of real estate

What is real estate? Types of real estate

Real estate is defined as the land and property with lasting buildings like a home or developments on the land, whether it is natural or man-made. Brigade Plots Devanahalli is a company that sells property as per requirements.

Real estate includes the land and any permanent artificial accompaniments, such as houses and other buildings. Any additions or changes to the land that increase the value of the properties are called improvements.

If land is improved, the total money and labor used to shape the improvement is denoted as a great fixed investment. If the building is destroyed, the improvements made like drainage, electricity, water, and gutter systems tend to be permanent. So, the cost of the property is fixed.

Types of Real Estate

Residential property:

Any property used for residential purposes. It includes single-family houses, condos, duplexes, townhouses, and residences. Brigade Plots Devanahalli is a company working in this field for the past 3 decades.

Commercial real estate

Any assets used fully for business purposes, such as apartments, restaurants, complexes, parking facilities, hospitals, grocery stores, theaters, hotels, offices, shopping centers, stores, gas stations, and any other business area.

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Industrial real estate:

Any property used for work, manufacture, supply, storage, research and development, or production is called industrial real estate.


It denotes the undeveloped area, empty land, and agricultural lands such as farms, groves, estates, and timberland.

Special purpose:

Property used for public purposes, such as graveyards, government buildings, libraries, parks, playgrounds, bus stops, and schools.

Real estate differs from personal property, which is not enduringly committed to the land. It doesn’t include the following: vehicles, boats, jewelry, furniture, and farm equipment.