Residential real estate includes properties like houses, apartments, and condos for living or renting. It varies in price and is categorized into non-developed, developing, and developed properties.

Commercial Real Estate: It includes properties for commercial use to set up businesses, shops, and retail spaces for banks, restaurants, hotels, and offices. Commercial real estate use generates income from rents, construction for projects, and returns on investments. The price of commercial real estate depends on commercial real estate types. Commercial real estate is more expensive than residential real estate.

Raw vacant land is undeveloped and unsuitable for residential, commercial, or agricultural use. However, with time and capital, it can be developed for future housing projects.