A new report by Colliers India called “Top Investment Corridors in India” aims to help investors find the best micro-markets/corridors to invest in for financial growth. The report talks about how investing in land can be a good way to increase wealth and generate steady income. It looks at different areas in India that are expected to see growth in industries, infrastructure, government support, and tourism. This information can help investors make informed decisions and potentially benefit from these upcoming developments.
Key Findings
- Emerging micro markets that are extensions of larger metro cities have become hotspot for land investment
- Weekend homes have gained popularity due to which the demand for land investment is at peak right now
- Investing in land & monetizing through rentals fetches 10X higher yield than ready apartments
- Location is the most important factor in the purchasing decision for investors
- About 70-80% of the investors expect to commute to their weekend gateway in 2-4 hours drive
- About half of the investors want their investment to be near natural elements like water bodies or Hill station
- More than half of the investors prefer to build weekend homes and rent out the properties for better Rental Yield
Investment in Land – A Tested and Sureshot way to Create Wealth
Who doesn’t want to develop multiple sources of income? Investing in Real Estate, and primarily in a plot of land has been a tried and tested way to not just invest in an asset but to ensure a continuous income as well. Monetising your land in today’s world is even easier, we will discuss multiple monetisation options in the coming sections of this blog.
Top 5 Corridors in India that are Witnessing a Massive Investment Drive
Well, most of the cities, be it Tier I, Tier II or Tier III are becoming hotspots for real estate investment. The extended corridors have quickly gained attention of investors due to lower land prices and growing demands. However, if we talk about the top 5 corridors that are creating massive investment opportunities, they are
- Neral – Matheran (MumbaI)
Neral – Matheran is a region within the MMR (Mumbai Metropolitan Area) that is becoming increasingly popular due to its exceptional natural setting. Due to the presence of a railway junction, it serves as a gateway to the nearby hill station of Matheran, which is highly admired by visitors arriving by train from Mumbai and Pune. The Neral-Matheran corridor offers a stunning scenic route that immerses travellers in nature, away from the chaos of the crowded city. It is an ideal spot for a weekend escape. - Sanand – Nal Sarovar (Ahmedabad)
Sanand – Nal Sarovar is a lovely place in Ahmedabad that is easy to get to. There are good roads and transportation options that make it convenient for people to visit and work there. The area is surrounded by peaceful and beautiful scenery, including the Nal Sarovar Bird Sanctuary, which is a great place to go for relaxation and fun on weekends. Many companies and industries have chosen to set up shop in Sanand because it’s a great place to be. People from Ahmedabad also love to visit the region because of its natural beauty and the opportunity to have a weekend home there. - ECR : Injambakkam – Kovalam (Chennai)
ECR is an up-and-coming premium location in Chennai that is expanding quickly. It’s popular because it’s located near both industrial zones and the IT corridor, and it’s right by the sea. ECR has all the things people need to live comfortably, like good social amenities and infrastructure. Plus, it’s close to places where people work, like IT parks and SEZs. It’s easy to get around in ECR and it’s becoming a more and more popular place to live. If you’re looking to invest in property, ECR is a great choice. - Kompally – Medchal – Shamirpet (Hyderabad)
Kompally – Medchal – Shamirpet is a residential area located in the northern suburbs of Hyderabad that is rapidly growing in popularity. Its close proximity to important areas has made it a sought-after location for many people. The area has experienced significant development, particularly in terms of buildings and homes, resulting in a very active real estate market. Kompally-Medchal-Shamirpet are now considered great places to invest in property due to their location, potential for growth, and variety of housing options. These areas are part of the largest employment hub in north-western Hyderabad, making them an attractive place to live for many people. Other nearby areas are also becoming more popular due to the increasing congestion in popular places. If you are looking for a place to call home, Kompally, Medchal, and Shamirpet offer a wide range of housing options to fit any budget, from affordable to luxurious.
- New Town- Rajarhat (Kolkata)
New-Town Rajarhat is a modern city located about 11 kilometers east of Kolkata’s central business district. The area is a popular place to invest in real estate due to its important landmarks, such as the Eco Park, Biswa Bangla Convention Centre, and IT parks. The area has a mix of residential, commercial, IT, and institutional spaces, making it a great place to live and work in Kolkata. The area is also easily accessible with well-developed roads, making it easy to get around. With upcoming infrastructure developments and growth potential, New Town is one of the most desirable real estate locations in Kolkata, especially for those seeking employment in the IT industry.
How can you Monetise your Land Investment?
With the arrival of platforms such as Airbnb and the popularity of weekend getaways amongst the millennials especially, there are now countless ways to make money off your land. You might consider converting your property into cosy vacation homes or quaint cottages, perfect for those looking for a quick escape. By using platforms like Airbnb or Make My Trip, you can easily connect with travellers searching for short-term lodging. For those seeking a more unique outdoor experience, why not set up glamorous camping (glamping) sites amidst the natural beauty of your land? You can even designate areas for camping or parking, offering essential amenities such as water and electricity.
If your land boasts breathtaking scenery, you may want to consider renting it out as an event space for weddings, corporate retreats, or other special occasions. Another option is to host themed retreats like yoga getaways or wellness weekends, teaming up with instructors to provide specialized experiences. Above all, be sure to invest in marketing efforts and maintain top-notch customer service to ensure your short-term rentals are memorable and stand out from the competition.
Disclaimer: The above content is based on a report titled “Top Investment Corridors in India” by Colliers, which was published in September 2023. If you would like to download the full report, please contact us at info@realfynd.com.
