What are The 4 Types of Real Estate ?

The real estate industry is changing fast and is developing according to the needs and desires of the residents. If you remember a decade ago in Delhi-NCR people when used to reach for semi-furnished flats in pockets like Dwarka, Vikaspuri, and VasantKunj all they used to get was gated and ill-fated societies. The RWA’s were in shambles and the few goons who used to disrespect the residents and buyers could be seen within every project. For a tenant, it was difficult to survive with power cuts being the major problem as it was normal to have 5-6 hours of blackout in the entire region. The other major issue is water scarcity which becomes severe during summers. With power of attorney a way to buy property you are not sure the property belongs to whom and ownership transfer is difficult.  So, how can the real estate developer or the common people say that Delhi is a world-class city? As a city Delhi is mentioned here because its residents add too much brouhaha about their developments without opening an eye to other well-developed cities all over India.

Fortunately, the real estate trends are governed not only by the NCR region but also the cities like Pune, Bengaluru, Mumbai, Hyderabad, and Ahmedabad which has shown a way with better respect for home buyers. The registry being done for freehold property makes you the owner of many swanky flats and serves better amenities, specifications, and a well-developed lifestyle. 

The real estate industry is vast and diverse which comes with different types of real estate projects across various categories. 

Here are some of the categories of real estate developments that make it with 4 types of real estate. 

Commercial projects: There are a huge number of commercial developments that one can buy according to the needs and reap higher returns on investments. It adds building structures that can come as corporates, business places, hotels, malls, marketplaces, and other well-developed institutional buildings, and sports facilities.

What comes as commercial construction?

Commercial construction is a broad sector of construction that adds with multiple number of projects. The most common commercial construction adds to restaurants, medical facilities, and office buildings. 

Here are eight types of commercial projects that govern the types of commercial developments in real estate.

• Restaurants

• Retail, Grocery stores, shopping malls

• Medical facilities like hospitals, nursing homes

• Office buildings

• Lodging and hostel facilities

• Institutional buildings

• Industrial structures

• Sports facilities

• Private construction projects

• Commercial Construction

• Industrial construction
• Residential construction

Levels of commercial construction projects: Plenty of commercial construction projects add to various levels of construction. They are:

Small-scale commercial construction projects add huge structure updates. It adds to office space redesigns and also includes building repairs. Jobs that are within these commercial construction projects are with minimum personnel from the contractor’s side. Business rebranding, with extensions to structures and form facelifts with office space or buildings, also comes under small-scale construction.

Medium-scale: Medium-scale construction projects include building structures, remodeling of commercial buildings, expansions, or additional structures. It adds to time-consuming small-scale projects.

Large scale: Large-scale commercial construction that are huge developments. Large-scale construction projects require business development that serves bigger businesses in the area.

Residential projects:

Residential projects are one of the most common sights of developments all over the world. It is a residence where people in the city or village live and is made according to their needs. The easiest type of real estate which a person who can buy a home or live within rented apartments. Residential real estate adds as single-family homes, ranches, duplexes, condominiums, and triplexes. It adds townhouses, bungalows, and small apartment buildings. Residential property is owned by a person living within a building or a landlord who has rented out the premises. Residential development gives you some of the promising developments that are developing at a fast pace all over India. Nowadays it comes with a huge number of amenities, necessities, and better specifications. The most common form of residential projects is apartments which are huge in number. 

Commercial: Commercial real estate refers to buildings that are used for specific business purposes. In most cases, owners or tenants add business exception which also comes within large multi-family apartment buildings. A multi-family apartment adds four units that are well-classified as commercial buildings which are usually owned by large corporate landlords. It is owned by accredited investors with more complex and manages smaller residential homes. The majority of commercial buildings are designed which accommodate businesses that include shopping centers, office buildings, strip malls, hotels, and restaurants.

Industrial: Industrial real estate often includes properties that are huge and are warehouses or industrial developments. It gives you ideal developments to come up with some of the manufacturing, commercial, and other industries set up in it. Common industrial facilities that are included in industrial projects are factories, warehouses, and research and development buildings. It adds assembly plants, industrial buildings, storage, and exclusive design business purpose.

Land: The final type of property comes as vacant land that can be used for commercial or agricultural purposes. Also, the plots available to make residences are some of the most common use for land which is available in huge numbers across all cities. There are some of the land area that comes under various developers that gives huge impetus to creating better properties. Others are plots that give you better ways to construct your property on the land that is available for sale. Agricultural land is one of the best that a person can buy for agriculture and get the most out of it as crops. Many real estate investors add raw land within prime locations that offer immense earning potential with the buying and selling of land. 

What are the basics of the real estate industry?

The basics of the real estate industry are:

• Developments and constructions

• Brokerage and real estate professionals

• Property management

• Mortgage lenders

• Real estate agents with market dynamics 

These people help the real estate developer with all aspect of buying, selling, on rent and makes it with easy and proficient way to get the best services. The brokerage and real estate professionals make it easier for people to grow with property retention or selling. This makes it easy and ideal for the business to flourish. It offers immense earning potential although a person may start from scratch within the business.

What is special purpose real estate?

When you dive into vast domain of real estate you might get properties that do not easily get into some of the conventional, commercial, residential, or industrial. These are termed special purpose properties. A special purpose property is unique with its design, and functionality and is with specific developments that are well tailored to suit your needs. The distinction does not seem to be with current use and it adds with inherent design and attributes. Some of the properties that range from public amenities are libraries, parks, cemeteries, and places of worship. 

Also Read :

How to invest in real estate in 6 ways?

• Wholesaling
• House flipping
• Real Estate investment trusts (reit’s)
• Rental Properties
• Real estate syndication
• Mortgage note investing