Types of Real Estate

Real Estate

The Residential real estate is the common kind of real estate’s such as new construction, high-value homes, and vacation homes.

The commercial real estate is broader than the residential real estate. This includes properties such as shopping centers, hospitals, schools, hotels, and offices. Apartments often fall into this category, although they are used for residence.

Industrial real estate’s feature industrial properties and buildings. These include properties such as warehouses, storage, and distribution site.

What is ‘Infrastructure’ ?

Infrastructure refers to physical systems that are put in place to make the environment more enjoyable to live in. these include transportation, sewage, water, power and several other systems.

Types of Infrastructure:

Infrastructure can be put into several different types including:

Soft infrastructure:

This kind of infrastructure help in keeping the economy of a nation stable. Examples are the healthcare, financial institution, and government systems.

Hard Infrastructure:

Hard infrastructure is very important physical systems needed to make a better life for the people inhabiting the land. Examples are bridges and roads.

Critical Infrastructure:

These are essential systems created by the government of a nation to ensure the nation and its economy functions properly. Shelter, telecommunication, public health, and agriculture are part of these essential infrastructure set in place by the government.

The real estate and infrastructure majorly aim to create and maintain a more conducive environment for its occupants to live, work, learn, and experience development. For a country to become more developed, there are essential REI that should be created. Imagine a community without a means of accessibility or communication, we consider such people as primitive.