Taking means any action or procedure of getting something, i.e. taking the box from the bedside. At the same time, it may indicate the money or profit earned by any entity from selling its services/products. It also means charming/captivating.
The definition of taking could be the act of getting something, any action taken, to take something, something being taken, etc. It may also mean the profits/revenues earned from the sale of products/services by any business. It may also mean infectious or charming.
What do we mean by a taking in the real estate sector? This happens whenever any private property is taken by the Government for public usage. This happens whenever the Government occupies any such private property/land or encroaches upon the same, with a view towards implementing its own proposed usage objectives. Any such occupation may require compensation as per the market rates/other defined standards, based on the takings guidelines/clauses. Regulation of any property by the Government may make up a taking at times.
