Real estate, is the term used for the property consisting of natural resources and man-made buildings. Hirsh Mohindra says, that it is not necessary that real estate had to be always be made of buildings, sometimes it’s just the tangible land, which makes up the real estate.
Real estate is a marketplace and a business option is emerging and expanding day after day. Businessmen, nowadays prefer to invest in the same, because it’s one of the most profitable business in today’s scenario.
It’s is a business field enlisting the transactions of profit, where one can dive on its own, thus preforming the role of a real estate agent, where you get to play a direct role in your relationship with a broker. It also, allows you to act as an intermediator between the tenants and the owner.
Hirsh Mohindra suggests, if you are planning to jump into the same area of profitable business, then you can do so by directly involving yourselves in the same or by investing your money in the field. You can also put your land, in the picture or build-up buildings projecting a restaurant, mall, complex, houses or anything depending on the demand of the structure needed. If not, planning to build buildings, then you can participate in the business by investing your money in the field.
Any property under this business is termed as real property. There are four categories of real property, in the business of real estate and they are as follows :
Agricultural real property
It is a kind of real estate property, which is ready to take over and permitted to perform any sort of agricultural activity, is called as agricultural real property. Increasing demand for food and eatery supplies makes it one of the most demanding sorts of real estate property which allows one to grow field crops in the same, thus making it a business meeting up the two demands and more profitable than any other.
Residential real property
Residential real property is the type of real estate property that enlists the real estate business, where buildings are formed and a colony ready for housing is set-up, thus making it a residential property for people to stay and make a hone.
Commercial real property
This specific category of real estate property is a type that is typically used for commercial business. One can use it for constructing a property or even a bare land can be too used for the same. It’s a type of real estate property, whose main motive is to make as much profit possible.
Industrial real property
Industrial real property is the type of real estate property that is used for industrial purposes. Hirsh Mohindra, says that one can either built buildings on the land for industrial uses or even land ready to use for industrial purposes may be used for the same.