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I-Beam An iron or steel structural framing member, in cross-section forming the letter.
Icon A small picture intended to represent something bigger, such as a program or a choice of action or object.
Igneous Rock Rock produced by the cooling of magma within the earth (Plutonic rock) or on the surface (volcanic rock).
Improved Land Land on which on-site or off-sit improvements have been made.
Improvement To Land Usually publicly owned structures such as curbs, sidewalks, street lighting system and sewers, constructed so as to enable the development of privately owned land for utilization.
Income Property Property which produces income, usually from rental. May also include any property not entirely owner occupied.
Indirect Construction Costs Those costs other than labor and materials, such as administrative costs, financing costs, taxes and insurance, loss of interest on money invested, etc.
Indirect Lighting Lighting by means of reflecting the light off the ceiling, wall or other reflector, in order to soften glare.
Induction System A mechanical system normally located at the periphery of a building at the base of the window walls. The system is forced air which is thermostatic ally controlled to temper the air flow by heating or
Industrial District Or Park – A controlled park-like development designed to accommodate specific types of industry and providing public utilities, streets, railroad sidings, water, sewage facilities, etc.
Industrial Park A subdivision in the pattern of residential subdivisions, except catering to the needs of industry. Off-site improvements may have stronger roads, heavy plumbing and wiring, wider streets for trucks ,
Industrial Property (1) Land which is zoned industrial. (2) Real property improved specifically for industrial use.
Inner City A term of no exact meaning but having the connotation of a low economic, high crime area of a large city, rather than merely the geographic central area of a city.
Investment property Real Estate owned with the intent of supplementing income and not intended solely for owner occupancy.
Inc Includes
Immovable Property Includes land, buildings, hereditary allowances, rights to ways, lights, ferries, fisheries or any other benefit to arise out of land, and things attached to the earth or permanently fastened to anyth
Improvements Generally, physical changes which enhance the capital value of land or buildings. These may include additional buildings, extensions to existing buildings, installation of new services, e.g. central h
Indian Stamp Act, 1899 A legal statute, which provides for the payment of stamp duty in case of all real estate transactions to duty to the local government. The value of the stamp duty depends on the rental payable and the
Intrinsic It is the actual value or true value of the property. In India, property owners understand this aspect very well because of black money involved in sale / purchase. Intrinsic value may be Rs. 10 lakhs
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