Business Ideas For Vacant Land [2022]
Vacant land can become a great asset to generate passive income. Profitable business ideas for vacant land may not always need a huge investment. Here’s how:
Sr. No. | Business ideas for vacant land | Minimum investment | Profit margins percentage |
Pop-up markets and events: Pop-up markets are some of the most profitable business ideas for vacant land. If vacant land is well-connected with other parts of the city, you can host small to medium-sized events or pop-up markets. Taking inspiration from Sunday markets, you can offer a space for local businesses at a reasonable cost to set up their pop-up stores. | Rs. 50,000 to 1 Lakh | 20-25% | |
Parking space: If your vacant land is near a public area or a tourist spot, leasing your land for parking space can be the most practical business option. This business idea needs significantly less or no investment. | Rs.20000 to Rs. 30000 | Up to 30% | |
Organic farming: Vacant land is often utilized for small-scale organic farming of vegetables or herbs high in demand. You can grow organic vegetables and provide them to eateries or health enthusiasts on a subscription-based model. Farming is one of the most commonly practised business ideas for vacant land. | Rs. 3 to 4 Lakh | Up to 30% | |
Dairy farming: If your vacant land is large enough to accommodate cattle, you can think of starting a dairy farm. Large and open spaces that are located on the outskirts can be suitable for the dairy farming business. Leasing your land for someone who wishes to start a dairy farm is a typical business idea for vacant land. | Rs. 3 to 4 Lakh | Up to 35% | |
Mobile network towers: Telecom companies often look for vacant spaces to set up telecom towers. You can lease your land to telecom companies and earn decent money. | Rs. 40,000 | Up to 20% | |
Special farms: Contrary to traditional farming, you can utilize your vacant land for specialized farms such as the hydroponic farming of exotic flowers, herbs, high-value crops, beekeeping, etc. You can also set up greenhouse agriculture and special farms to grow specialized crops as business ideas for vacant land. | Rs. 2 to 3 Lakh | Up to 25% | |
Dog park/pet parks: With the rapid expansion of cities and increased concrete landscapes, parks are high in demand. Pet owners often face the challenge of walking their pets. With a minimum investment, you can start a dog park or a pet park. Setting up dog parks and pet care are some of the most rewarding business ideas for vacant land. | Rs. 50,000 | Up to 35% | |
Scrapyard: You can help save the environment by creating a junkyard on your vacant land where people can sell their junk. Selling metal scrap and automobile parts are profit-making business ideas for vacant land. | Rs. 50,000 | Up to 30% | |
Plant Nursery: If you are a plant enthusiast, you can think of starting a plant nursery on your vacant land. You can have a collection of indoor and outdoor plants that are high in demand. Plant nurseries can be one of the most satisfying business ideas for vacant land. | Rs. 50,000 to 80,000 | Up to 30% | |
Storage space or warehouse: You can lease your piece of vacant land to logistics companies or brands to create storage facilities or warehousing set up for their business needs. This type of business needs minimal or no investment. Leasing your land for warehousing is one of the profitable business ideas for vacant land. | Rs. 1 to 2 Lakh | Up to 15% | |
Entertainment zone: With proper permission, you can create an entertainment zone that includes a shooting range, amusement games. | Rs. 5 to 10 Lakh | Up to 25% | |
Wedding spaces: Leasing land for wedding events are a successful business idea for vacant land to generate income. You can lease your empty plot for wedding events. If you provide wedding management services along with the space, it may be a lucrative business. | Rs. 2 to 5 Lakh | Up to 35% | |
Sports centre: You can use your piece of land to create a dedicated sports training centre that may include areas for sports such as a basketball court and a tennis court set up. Sports centres are kind of business ideas for vacant land that may need some investment. | Rs. 10 to 15 Lakh | Up to 30% | |
Water treatment plant: Some business ideas for vacant land can be profitable, mainly when associated with government bodies for government projects such as water treatment plants, garbage recycling plants, etc. The government or related body can offer attractive leases for your land. | Rs. 2 to 4 Lakh | Up to 20% | |
Film sets: Filming needs a designed set. However, some scripts may demand an outdoor shoot location. Some non-traditional business ideas for vacant land can include leasing your land for shoots. | Rs. 2 to 5 Lakh | Up to 40% | |
Poultry farming: If you are not looking for an immediate return from your invested money, a poultry farm business can give you good profits. However, this is one of the business ideas for vacant land that may need dedicated time and effort. | Rs. 3 to 5 Lakh | Up to 30% | |
Camping: If your vacant land is surrounded by attractions like mountains, trekking sites, rivers, you can use your vacant land as a campaign site for the tourists. Apart from leasing space, providing food and equipment are good business ideas for vacant land. | Rs. 1 Lakh | 20 to 25% | |
Shelter for livestock: A vacant plot can be used for creating a haven for livestock. Business ideas for vacant land such as animal shelters can be rewarding, especially if you are an animal lover. | Rs. 2 to 4 Lakh | Up to 20% | |
Fish harvest: Artificial fish harvest has recently become some of the lucrative business ideas for vacant land. Having a space to create artificial ponds or small-sized lakes can allow you to start your fish harvesting. | Rs. 4 Lakh | Up to 25% | |
Food on wheels: You can rent your land to budding entrepreneurs who wish to start their food business in the form of a food truck. Food trucks can attract crowds, and eventually, your land can become an excellent hotspot for eateries. These are some business ideas for vacant land that may need low investment. | Rs. 2 to 3 Lakh | 20-25% | |
Recreational activity hub: Recreational hubs with a basic setup for activities like yoga classes, meditation, hobbit classes, community gardening can be lucrative business ideas for vacant land. | Rs. 50,000 to 1 Lakh | Up to 30% | |
22. | Mushroom farming: Mushroom farming is one of the most profitable when it comes to farming. Mushroom farming requires less space. With even small-sized land, growing mushrooms can be one of the fruitful business ideas for vacant land. | Rs. 2 to 3 Lakh | 30 to 35% |
23. | Advertising: Having land adjacent to the highways can offer an opportunity to put up advertising billboards. Renting advertising billboards on strategic locations can give you a significant sum of money as a steady income source. The laundry list of business ideas for vacant land is incomplete without this business idea. | Rs. 50,000 | 30% |
24. | Electricity substations: If you are looking for low investment business ideas for vacant land, lease your land to electricity generation companies. | Rs. 2 to 4 Lakh | 20% |
25. | Industrial or auto exhibitions: Many Indians from tier 2 & 3 cities purchase automobiles, farm equipment from exhibitions and trade shows. If you have vacant land in such a region, you can host trade shows or lease land for exhibitions. These types of business ideas for vacant land need minimal investment but offer great returns. | Rs. 2 to 3 Lakh | 30% |
26. | Agro-tourism: Agrotourism is a booming trend. With your vacant land, you can create a space for visitors to stay close to nature along with a natural farming experience. Agro-tourism attracts many tourists. You can set up a space for supporting and exhibiting local art and craft. Agro-tourism setups are great business ideas for vacant land. These setups will not only give you a great source of income and recognition. You can receive support from the government through schemes and subsidies for your efforts to conserve culture. | Rs. 5 to 10 Lakh | 30 to 35% |
Things you need to consider for business ideas for vacant land:
- Zonal area
- Location
- Connectivity
- Water supply
- Electricity
- Security
- Size of the land
Conclusion
The demand for private land is witnessing exponential growth. With a bit of investment and effort, you can turn your vacant piece of land into multiple income sources. Keeping the type of your land, you can choose the most convenient and attractive business ideas for vacant land and create an additional income for you.
We hope our article turned out to be useful for you. For more such informative content, you can visit these linked articles as well: | ||
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FAQs
Q. Do you need permission to lease your land?
Ans. Yes. According to the purpose, business ideas for vacant land may need certain permissions from the local body.
Q. Can zoning restrictions affect your choice of business on vacant land?
Ans. Yes. There are many business ideas for vacant land which may need a detailed understanding of your zoning area.
Q. What utilities do you need to consider before starting a business on vacant land?
Ans. For any business, certain utilities are needed.
1. Electricity
2. Water connection
3. Pipelines
4. Septic system
Q. How do I market my vacant lot?
Ans. Talking to your neighbours, chalking out potential buyers, selecting the best price for your land, and putting up a good signpost for buyers are ways to market your vacant lot.
Q. Can I sell my vacant land online?
Ans. Absolutely. Take good photographs of your property at its best. Then use online listings targeted to land buyers and show your vacant land online.