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Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or artificial. There are five main categories of real estate,... Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals. Learn what real estate is, how it differs from real property, and its five main categories in India. Explore the physical and economic aspects, characteristics, examples, and importance of real estate in shaping cities and industries. Real estate refers to real, or physical, property, and can include land, buildings, air rights above the land, and underground rights below the land. As a business term, real estate also refers to producing, buying, and selling property. Real estate plays a crucial role in the economy, driving growth through construction, property sales, and development, while also influencing job creation, consumer spending, and overall investment levels.