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Immovable Property - Learn Definition, Examples and Differences

22-Apr-2024 | Home Loan

Immovable Property - Learn Definition, Examples and Differences

What Is Immovable Property?

In real estate, "immovable property" refers to assets fixed geographically, such as land and buildings. This guide explores the definition, examples, and financial implications of immovable property.

Definition and Examples of Immovable Property

Immovable property includes:

  1. Residential Property: Houses and apartments.

  2. Agricultural Land: Farmland for cultivation.

  3. Commercial Real Estate: Office buildings, retail stores.

  4. Industrial Infrastructure: Factories with permanent machinery.

  5. Landscaped Areas: Gardens and parks.

  6. Mines and Quarries: Sites for natural resource extraction.

  7. Infrastructure Projects: Bridges, tunnels, and highways.

Differences from Movable Property

  1. Registration: Immovable property must be registered per the Registration Act, 1908.

  2. Tax Implications: Subject to stamp duty and registration fees.

  3. Ownership Transfer: Only through legal deeds (sale, gift).

  4. Security for Loans: Typically used as collateral through mortgages.

Rights and Legal Aspects

Owners of immovable property enjoy rights including usage, transfer, possession, and the ability to encumber (use as loan security). These rights are fundamental for executing transactions and managing property effectively. Legal documentation like title deeds and proper valuation are essential, particularly for home loan where property acts as collateral.

Immovable Property in Home Loans

Lenders favour immovable property as collateral to mitigate risks in loan issuance. Properties involved serve as security, with foreclosure as a recourse in cases of default. This stability makes immovable property preferable in financial assessments and legal protections.

Challenges and Considerations

  1. Market Volatility: Changes in the real estate market can affect property values and loan security.

  2. Maintenance Costs: Ongoing maintenance is crucial to preserve property value.

  3. Legal Compliance: Adherence to laws and regulations is necessary to avoid disputes.


Immovable property is integral to real estate transactions, particularly for securing loans and transferring ownership. Understanding its nature, legal frameworks, and financial implications is vital for anyone involved in real estate dealings. By recognizing the challenges and employing careful management, stakeholders can navigate the complexities of real estate effectively.

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