With the passage of time, many terminologies have developed and changed that were called differently years back. One of such term is real estate. Real estate is a legal term in many countries of the world. Real Estate may be referred to as any development made on a piece of land whether it is Residential, Commercial, Amusement Park or even a water body. This is visible and useful in nature, is termed as Real Estate. Real estate is an immovable property. This term normally refers to a piece of land that holds some fixed property on it for example a building. Real estate is one of the widely and commonly practiced businesses all over the world. Under the real estate there are two categories, commercial real estate and residential real estate. . The commercial real estate includes the property that is held and used for commercial purposes such as shops, malls, offices etc. Similarly, a residential real estate is one which is held and used for residential purposes; they can be houses, apartment buildings, condominium etc. The real estate business has flourished greatly over the years and many people have benefited from it.