Real estate is the property, land, buildings, air rights above the land and underground rights below the land. Let’s dissect the term real estate. The term real estate means real, or physical, property. “Real” comes from the Latin root res, or things. Others say it’s from the Latin word rex, meaning “royal,” since kings used to own all land in their kingdoms.
Real estate industry not only increases employment rates but it is also responsible for driving a country’s economy. This industry is proliferating by leaps and bounds. Naturally, a number of real estate companies and builders are trying to come through with flying colors.
Real estate builders and developers -Ahad Builders are an embodiment. They provide their customers with top-hole apartments, residential properties, and flats in Bangalore that incorporate new designs, interiors, and architecture. These leading property builders never shy away from experimenting with amenities.
Their one-off projects Ahad Excellencia and Ahad City scream novelty and magnificence. Excellencia is a Spanish-themed project of one, two, and three bedroom homes located off Sarjapur in the city. These top builders and developers took inspiration from myriad forms of Spanish architecture so as to provide the ‘promise of excellence’.
Ahad City is in a class of its own. It connects you to all the wonderful places in and around Bangalore – IT parks, industries, heritage sites, the new airport, et al. Ahad Builders are the pioneers in the construction industry.
Few people also think of real estate as a ship sailing in choppy waters. Therefore, it is outright important to know the brass tacks of this mushrooming industry. The second part of this blog will be an article, and it will talk about real estate as a potential investment avenue. The article will help you in taking prudent monetary (investment) decisions.
Types of Real Estate Market.
There are four types of real estate market that you should know about
- Residential real estate includes both new construction and re-sale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, high-value homes, multi-generational and vacation homes.
- Commercial real estate includes shopping centers and strip malls, medical and educational buildings, hotels and offices. Apartment buildings are often considered commercial, even though they are used for residences. That’s because they are owned to produce income.
- Industrial real estate includes manufacturing buildings and property, as well as warehouses. The buildings can be used for research, production, storage and distribution of goods. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction and sales are handled differently.
- Land includes vacant land, working farms and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.