Real estate development, or property development, contains activities that range from renovating present buildings to the acquisition of uncooked land and the sale of developed land or parcels to others. The phrases land, real estate, and real property are sometimes used interchangeably, but there are distinctions. There are 5 main classes of real estate which embrace residential, industrial, industrial, raw land, and particular use. Tenement is a kind of building shared by a number of dwellings, typically with flats or flats on every floor and with shared entrance stairway access found in Britain. Residences can be categorised by and the way they are related to neighbouring residences and land.
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