Important Real estate terms explanation Residential Property means which is only for living. E.g. apartment, villa and townhouse etc Commerical property. Which is for business activities . E.g. office. , shop, warehouse, labor camp, showroom and factory etc Penthouse. A penthouse is an apartment or unit on the highest floor or an apartment building Loft. A loft apartment is a dwelling that offers one large open space without walls. Loft apartments are quite large , typically exceeding 1000 square feet Mansion. A mansion is a home that offers at least 5000 square feet of space and at least have 5 to 6 bedrooms Banglows have only one floor Duplex . A Duplex house plan has two living units attached to each others either next to each others like a townhouse or above each others like apartment. Townhouse 🏡. Townhouse are a style of multi floor home that share one to two walls with adjacent properties but have own entrance Townhom
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