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The term of refers to more than just land. Real Estate is property that consists of land and something that is permanently fixed to the structure such as buildings, houses, town houses, office buildings, store buildings, sheds, factories etc. It as well as includes some natural resources that the land possesses such as crops, minerals or water. They can be classified into three broad categories which are based on its usage. Prestige song of the south They are: Residential use Land used for residential purposes comes under the residential category of real estate. A residential region is where land is only used for residential purposes and the houses include single beloved once family units, multi-beloved once family units and mobile houses. The single beloved once family house is a structure that is completely separated from other structures by the open space on all sides of the house. A single beloved once family house or house is a building that is sufficient enough to accommodate one beloved once family. These types of houses cannot be used for short term accommodation or rental purposes. The main advantages of a single beloved once family house are that the entire space around the structure is private to the beloved once family and some added room requirement can be added if more room is requirement.

The negative of a single beloved once family unit is the expenses incurred such as maintenance and repair costs which the owner has to bear. Multi-beloved once family units are defined as multiple separate residential units for residential purposes. These units are either in one building or several buildings within one complex. The common example is apartment building. There are several types of apartment building such as the two flat, three flat and four flat buildings. As well as included under the multi-beloved once family category is the duplex which is one building consisting of two separate houses with separate entrances? There is as well as the townhouses which is a house attached to some number of houses with multiple floors. Commercial use Property that is used only for business purposes is known as commercial region. Examples include malls/office parks/restaurants/gas stations/convenience stores and office towers.

Industrial use Industrial real estate is property used for industrial purposes. It includes factories/warehouses/heavy and light manufacturing buildings, industrial parks and research and development parks. The industrial regions are relatively much easier to manage than the other types of commercial property. Prestige song of the south Bangalore Their maintenance cost is low and it's simple to operate. In every economy real estate plays an important role. The residential real estate sector provides not only residential for person but as well as is a source of wealth and savings for some. Whereas the commercial regions sector creates jobs and provides a source of revenue for millions. However real estate can as well as has a negative impact on the economy. A decline in residential construction is a prime factor that leads to high unemployment. A drop in the sales of houses will lead to a decline in those prices thus reducing the value of houses. A fall in house prices will lead to drop in house owners applying for loans, which leads to a fall in consumer spending. All this effects the economy is a negative manner.