Actual, physical, it can only be moved by bulldozer earth in a specific location. ** Since this was merged with a question asking about the prefix “real,” I am going to add to the answer. An estate can encompass many things, from the royalties on a book deal, the copyright on a work of art, the vase on the mantel given by Grandma, as well as a number of other owned possessions that are not physical earth. The term “real” is necessary to distinguish between those parts of the estate and the property on which the estate resides.
In Real Estate, “Real” means physical. So, it means physical estates and properties such as land, housing, buildings, etc. Real Estate Business is basically the business of property consisting of building on a land, either it be an apartment, office, IT-Park or Parking Area. The business of real estate comprises of buying, selling, or renting land, buildings or housing. The real estate sector is one of the most globally recognized sectors. In India, real estate is the second largest employer after agriculture and is slated to grow at 30 percent over the next decade. India’s real estate market is expected to reach US$ 180 billion by 2020 from US$ 93.8 billion in 2014 (prediction of IBEF)
I’m going to assume that you want a serious response to this question, and so here goes..
The term originates in the mid 17th century of English Law. The use of the word “REAL” does in fact refer to the ‘genuine’ and ‘actual’ land that was owned, identified and recorded by surveys using landmarks, boundaries, fences, and lot lines.
Walter Bianchi
I’m going to assume that you want a serious response to this question, and so here goes.. The term originates in the mid 17th century of English Law. The use of the word “REAL” does in fact refer to the ‘genuine’ and ‘actual’ land that was owned, identified and recorded by surveys using landmarks, boundaries, fences, and lot lines. Once this happened it also became necessary to create laws by which the “REAL” property could be transferred. And in order to differentiate the “real property” from personal poperty, (furniture, wagons, livestock, etc.), the notion of real property was further defined as that which was unmoveable, alienable matter, (buildings, trees, streams, fences and other structures).
When terminology about ownership of property was first developed, “Real” property meant land, as opposed to personal property, or some other type of property.
Someone’s estate could include improvements, personal property, all kinds of stuff, but the “real” value would be the land.
