Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. A piece of land, including the air above it and the ground below it, and any buildings or structures on it. also called realty. In other words, A piece of land, and the buildings that are on it. Natural resources, such as water, that are on the land also are part of real estate.
Land and anything fixed, immovable, or permanently attached to it such as appurtenances, buildings, fences, fixtures, improvements, roads, shrubs and trees (but not growing crops), sewers, structures, utility systems, and walls. Title to real estate normally includes title to air rights, mineral rights, and surface rights which can be bought, leased, sold, or transferred together or separately. Also called real property or realty.
Types of Real Estate
Vacant Land is Land not currently being used. It may have utilities and off-site improvements.In other words, not occupied by an incumbent, possessor, or officer .
Residential Land is the basic requirement of the populated States of India. To make available land, for building Apartments, the outlying areas of cities, are being developed. All the Cities have become populated due to the emergence of new Industries, rapid expansion of Information Technology Industry, Shopping Complexes, the simultaneous growth of the middle class and low interest Home loans.
Commercial Land is becoming pricier day in and day out. All the Indian Cities are suddenly experiencing a boom in Marts, Market Plazas, Malls, Shopping Complexes as all International brands are making their presence felt in India in a big way with along many new local Retailers.
Types of Apartments
Business Apartment
It is a type of furnished apartment designed for short- or mid-term stays of business - travellers. Its focus on business-people usually leads to be offered as serviced apartment and to have good IT and telecommunication equipment. Business apartments usually offer more space and privacy but less service than hotel rooms.
Studio (Bachelor) Apartment
A studio or bachelor apartment is a small one-room apartment with a separate bathroom. The only room serves as a bedroom, dining room and living room, and is usually connected to an open kitchen.
Loft
A loft is usually an open space, except for the bathroom, having high ceilings, large windows and often exposed plumbing pipes and columns. Some have partial walls not reaching the ceiling. A property owner could allow a renter to build walls to create a bedroom.
Penthouse
A penthouse is an apartment on the top floor of an apartment building usually with extra balconies or a roof top deck. Usually considered to be quite luxurious and desirable places to live.
Substance Free
These apartments are for students who do not want alcohol or other drugs in their apartment. Members of these households agree on behalf of themselves and any potential guests of theirs not to bring any substances into the apartment whether or not they are over 21.
One Bedroom Apartments
With deluxe finishes and fittings, these superbly appointed one bedroom apartments epitomise comfort and luxury. Offering open plan living and dining, stylish kitchens, built in wardrobes and internal laundries, these apartments have everything you need.
One Bedroom + Study
These rare oversized one bedroom + study apartments with secure parking offer versatile modern-day living. With dual entry through the foyer and off street level you can enjoy spacious living and dining entertainment area down stairs and spacious bedroom and study upstairs.
2 - 4 Bedroom Apartment
Two to four bedroom apartments are the same as one a bedroom apartments but with more separate rooms. Apartments with three or more bedrooms are quite expensive.
Loan Types
Conventional loans
A conventional or a traditional loan is basically a loan which is offered by all private lenders, and can be of a fixed-rate or an adjustable rate. Although these loans are offered by all the lenders and have a comparatively less paper work to do.
Fixed-rate loans
A fixed-rate loan is the one that comes with a fixed interest rate for the total loan term. Conventionally, fixed-rate loans have been quiet popular with homeowners as it is easier to plan out your future budget keeping in mind a steady monthly installment.
Adjustable rate loans
The rate of interest can change during the loan term. This means that the monthly payment can also alter over the life of the loan. This is because the interest rate for an adjustable rate loan is adjusted from time to time based on any of the pre-selected indicators or market conditions
References
http://www.theloanbazaar.com
http://www.indiahousing.com
http://apartmentguide.ca
http://www.meriton.com.au
http://www.businessdictionary.com
http://www.investorwords.com
http://www.yourdictionary.com
http://en.wikipedia.org/wiki
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