In India, there are different types of Properties available. When someone wants to buy the Property, a question arises: what type of property will fulfil their requirement. Should you buy a plot, an apartment or an individual home, etc.? We need to know the different types of property available in India. So, people can decide which property suits their requirements. Let’s know about different types of property in India. 

• Housing property 
• Commercial property 
• Industrial property 
• Land  

Housing/Residential property 

In the world of the real estate market, residential properties are the most invested ones. Categories come under the residential properties: single-family houses, apartment/flats, villas, condos, townhouses, duplexes, multifamily, and cooperative residences. If we see from an investment point of view, each of these categories has different prospects. Like an individual house increases the value of land over time, but an apartment does not after the use of 10-15 years. 

Commercial property 

Commercial property is an immovable property. It refers to housing businesses like shopping centers, restaurants, schools, hospitals, etc. Commercial properties are classified as primary, secondary, tertiary based on their distance from the city center. It is a bit expensive as compared to a residential property. In commercial property, investors may rely on the income statement. The operation of commercial property includes sales transaction costs, brand-new building costs, and tenancy costs. These are the performance measuring indexes for business interest. 

Industrial property 

The land is basically used to construct a factory or manufacturing goods and buildings are considered industrial property. These are located on the outskirts of the urban areas to avoid pollutants from the citizens. In addition, there are specific areas designed for industrial properties not to disrupt businesses and residences. Industrial property can be a risky investment and costly for beginning investors, and however, investors prevail to earn a high return on investment. 

Land Investment 

These are underdeveloped areas. Land investment is one of the least expensive and safest. The land intended to make a profit as well as high residential rental properties. In land there is a agricultural and non-agricultural sectors. It is an empty land divided into several sections of different sizes (area size). These kinds of properties fulfill basic human needs and are more comfortable obtaining financing than other properties. Property taxes or maintenance aren’t too high in cost. But loans will be charged at higher interest rates as compared to home loans. However, investing in land is still good because it could pay generously in the future. 

Conclusion 

With each property type investment, there are certain risks attached. However, there are more advantages to buying any kind of property, for example, a home for stay and an asset, and a land give high appreciation value etc. So, you’ll need to analyze your requirements before investing in a property, also for the prospect growth of the property. 

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