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Traditionally properties are inherited on succession basis and basically those are used for residential purposes only. With the incipience of new civilizations and modern era, anthropogenic activities get multiplied to redefine the land use practices more complex ways. Residential property is one of legally assigned real estates where the owner is entitled to use the property only for residential purposes.
Residential property is any type of permanently affixed real estate that is entitled with legally approved ownership status. To some extent residential property is also referred as private property because of its private ownership affiliation. There are several factors responsible for wide demand in residential properties. Firstly, population explosion has accelerated housing demands and redefined the need of residential properties. Secondly, the multiple applications of land use practices reshaped the traditional residential property utilities and enhanced the standard of living conditions. With the advancement of science and technology the functioning mechanism of private properties become more vibrant and specific. Moreover residential properties are not in as usual traditional status, it has added commercial practices to its present day application. Real estate developers are doing good business by providing marvelously designed residential complexes and apartments. This way mix practice of land use has enhanced the status of residential properties.
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