Real Estate is another word for property that consist of land and building either residential or official, including all the natural resources like availability of water, minerals or any other resources. In case of land, if it is concerned with cultivation then even crops are also included in real estate.
Residential Real Estate
If we talk about residential real estate, there is wide range of verities available that one can opt. Following are the popular types of residential real estate in India-
- Co-operative housing society
As per the requirements, budget and choice one can opt any type of above mentioned residential real estate.
Commercial Real Estate
Besides residential real estate there is another phase that is concerned with commercial real estate. This include all types of real estate that is used for commercial and trading purpose, following are the types of commercial real estate.
- Commercial offices
- Trading space
- Factories and government offices
Similar to residential real estate, commercial real estate is equally important. In fact commercial real estate plays more vital roles and worth more that residential real estate. It provide infrastructure to a particular location and determines the economical and commercial development of that particular location. It includes all sort of commercial buildings like hotels, theaters, hospitals, malls, beauty parlor, salon, retail outlet etc.
In India people prefer to invest in real estate rather than investing through any other mode of investment, the reason is that in India people are fond of making real estate property either in the form of land or commercial or residential buildings. Many people earn their livelihood through merely buying and selling of real estate property. What they do is – they purchase a real estate property at some specific rates and after few years they sell out it with a hike on the purchase rates. Like this they earn profit over it.
Current trends in the real estate market
Earlier people used to contact real estate brokers to meet buyer or seller for their real estate property but now day’s internet is playing a vital role in the development of real estate market and business. Numerous websites are there that provide a common platform for buyers as well as sellers of real estate property. Internet has made it easier for people to find buyer or seller for their real estate property. Any person can easily open an account in these websites. Few of these sites offer you to place free advertisement for your real estate property while few of them are paid. One can opt for any website as per the choices and priorities. Simply after fulfilling a formality of filling an online form that will ask you to fill certain general information you can easily register yourself. After that you can place your advertisement regarding the real estate property that you want to sell out. And if you want to purchase the property you can regularly watch out the advertisement that people placed on such websites.