New Launch - India Real Estate Report 2026.

What is a Quasi-Residential Property?

Quasi-residential property is a building or space designed or used partially for residential purposes but legally classified as commercial, industrial, or mixed-use, often including live-work units, converted warehouses, or properties with residential components not meeting full residential zoning.

Examples

  • Live-work units combining residence and business
  • Converted industrial buildings with residential use
  • Hotels with residential-style accommodations
  • Mixed-use with residential above commercial

Characteristics

  • Partial residential use not full residential
  • Commercial zoning classification typically
  • May have residential amenities
  • Subject to different regulations

Quasi-residential properties are buildings partially for residential purposes but legally classified as commercial, industrial, or mixed-use including live-work units or converted properties.

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