All properties like a flat or apartment, a villa, independent house, residential plots comes under residential properties in real estate. The government gives support in the form of lower interest rates on loans taken for residential properties. A residential property is considered to be the aspiration of a family and bought keeping so many emotions in the heart.

There may be many categories in the houses like you can have unfurnished apartments, semi furnished apartments or fully furnished apartments when it comes to urban living. You can also have residential plots and construct your homes as per your taste and budget. A villa costs more than an independent house if bought from a builder because that comes loaded with some amenities and fixtures as well.

Normally a loan taken to buy a residential property is way lower than a commercial property loan.