In today’s world, nothing gives you a faster return than a property purchase. A year-long purchase of a land or apartment can yield a person twice the price of the estate. People spend their lives earning to purchase a good property. One can look at any and many options while purchasing property in their vicinity.

Owning a property, of any nature, is the biggest achievement as well as security in life

Like you, everyone considers owning a property at one point or the other in his or her life. You can purchase a property to build your dream home, start a commercial activity, open a business, or make an investment. Within the realm of the real estate sector, you can get diverse options. Here, in this article, we will aid you in exploring different types of properties to find in India. With this, you can make better and more informed decisions.

Types of Real Estate Properties in India

The differentiation of properties in India can be categorized into many columns, like property type, ownership, mobility, and tangibility. We will look at each category one by one.

Property as per Nature/Type

• Residential Properties: The most common as well as sought-after real estate type in India are residential properties, such as the following:

  • Apartments

  • Villas

  • Independent Houses

  • Flats

The properties of Residence cater specifically to people looking for a home. Such a homely setting residence must offer them various amenities, like security, recreational spaces, parks, parking, nearby convenience to facilities, etc.

• Builder Floor Apartments: This property can also be thought of as a Residential property type. Floor Apartments built by Town Builders are standalone units. These units are constructed by builders on separate floors but in a single building. Builder Floor apartments offer better privacy and independence in comparison to apartments of housing societies and large residential complexes.
• Land/Plot: Land or a Plot can be thought of as the fundamental asset upon which all properties are built. One can buy a trace of agricultural land primarily for farming purposes as well as non-agricultural purposes, such as residential, commercial, or industrial means. One can invest by purchasing land as it is a lucrative option. The value of the majority of land purchases ascends over time.
• Farmhouses: Farmhouses, for people who can afford them, are a property of perfect escape from any metropolitan’s hustle and bustle. Farmhouses are known to rekindle one’s energies as well as impart a tranquil experience. Often located on the outskirts of major cities, Farmhouses offer extensive land for agricultural as well as recreational activities.
• Holiday Homes: Holiday Homes or Second Homes are estate properties bought by the affluent for leisure purposes. Holiday Homes are typically located in beautiful picturesque locations, such as hill stations and coastlines. They impart a peaceful retreat from the daily tussles of lives.
• Co-operative Housing Societies: These co-operative Townships or Complexes are large and multi-layered residential complexes that are managed collectively by their residents. The property's ownership is divided among the society members, where each member has a share in the society's ownership.
• Bungalows: Bungalows or Mansions are large, standalone houses of a single level. Some Bungalows have multiple floors and often come with expansive gardens. Bungalows are usually preferred by Moguls seeking a luxurious and spacious life and living space.
• Commercial Property: Commercial spaces are primarily designed for business purposes, encompassing large spaces, such as the following:
  • Office Spaces
  • Retail Stores
  • Shopping Complexes
  • Warehouses
  • Industrial Spaces and one can also invest in commercial properties to yield high returns, like in thriving business districts.

• Industrial Property: Industrial Properties serve the purpose of manufacturing and production activities in the economic sectors. These properties are factories, industrial sheds, manufacturing units, etc. Many big-time investors seek industrial properties because they offer high rental income as well as long-term appreciation.
• Heritage Properties: Heritage properties in Town and Cities offer historical as well as cultural significance, which a niche owner is interested in. These properties are protected by the conservation laws of the State or Central Authorities. One can own a heritage property for pride. These heritages offer unique opportunities to owners as well like converting the Heritage into a Boutique Hotel or even a Museum.

Property as per its Mobility

• Movable Property: These are the assets that can be physically transferred from one location to another using vehicles, equipment, or even inventory.
• Immovable Property: All immovable property is known as real estate. It includes land and anything built on it or attached to it, such as a building or a fixture.

Property as per Ownership

• Private Property: Private Property is an estate owned by individuals or entities that are controlled by the Authority or Public Institutions.
• Public Property: Public Property belongs to the government or the general public. The property is used by people as a whole. It is intended for the benefit of the public. Examples of public property are parks, roads, government buildings, etc.

Property as per Tangibility

• Corporeal Property: Any tangible asset that has a physical substance, such as land, a building, or a vehicle is a corporeal property.
• Incorporeal Property: Any intangible right that cannot be physically possessed by a person in the form of patents, copyrights, trademarks, etc., can be termed as Incorporeal property. The rights to such properties are often represented by legal certificates rather than physical objects.

The Real Estate market of India is a diverse landscape of properties, each catering to various needs and preferences of people. There is one or more for everyone’s need, be it a comfortable abode, a thriving office space, or an investment opportunity, the choice and need for real estate are plenty. But the real question is where can one buy such a diverse range of properties?

WannaBuy: Where you can buy any Real Estate Property in India

Starting as a Budding Entrepreneurship with a vision to be a great conglomerate one day, the WannaBuy Startup was conceptualized and made into a functional reality with a great vision of Reverse Engineering. WannaBuy started as a brand of Vannaby Technologies, a Private Limited Company, with a creative potential to make the buying factor easy for people looking for property purchase. We conceived WannaBuy as a unique novelty idea and product.

WannaBuy works by availing of the property as per the buyer’s requirement in an instant manner. Starting with the simplest vision to focus on the Buyer's/ Tenant's portfolio, WannaBuy offers great privacy as well as a unique way of property purchase from serious sellers. We offer a requirement-synced product.

To learn more about our property buying options and ways of operation, visit the official WannaBuy website and check out the types of Real Estate Property buying options offered by us.