The Effect Of Real Estate Industry
The real estate industry is a crucial one with numerous economic multipliers. The real estate sector creates the most jobs after the food and apparel sectors. The real estate sector is heavily reliant on a number of other businesses, including cement, tiles, sanitary ware, cables and electric lines, paint, glassware and steel, brick, building supplies, etc. Over the past two decades, real estate has contributed about 8.24 percent to Bangladesh’s overall GDP.
The Classification Of Real Estate
- Real Estate : Real estate used for a residence, such as a single, duplex, triplex, townhouse, bungalow, etc., is referred to as residential real estate whether it’s a newly built property or a home that the owner plans to sell again.
- Manufacturing: Manufacturing property investment includes any huge property used to construct factories, industrial plants, warehouses, distribution centers, etc.
- Commercial Real Estate: A complex of properties or office complexes is divided up into numerous little units. These are utilized to operate different enterprises or are rented out.
- Commercial Facilities: These properties are employed as single units or several units in prime locations like showrooms, restaurants, shopping centers, retail stores, etc.