Inherited 12 acres of ancestral land in an industrial area of a Tier 2 city worth approximately 15-20 cr — what would you do with it?
The land is worth around ₹15–20 crore currently but is only generating about ₹8 lakh/year through agricultural lease right now.
Selling is basically not an option due to family reasons since it’s ancestral land, so we are trying to figure out the best long-term use for it instead of letting it stay underutilized.
The area around it has been developing and it now falls in an industrial zone. We currently have around ₹20–25 lakh liquidity available, so we can invest some money but not enough for massive development immediately.
One thing I keep thinking about is industrial leasing/warehousing. Is it actually common for industrial sheds/warehouses to get leased consistently in Tier 2 cities, or do many of them remain empty for long periods?
Some ideas we’ve considered:
Industrial sheds
Warehousing/logistics
Leasing land to industries
Solar/biomass related projects
Joint venture development
Would appreciate realistic advice from people experienced in industrial real estate or land development.
What would you do in this situation over the next 5–10 years?