Top Finance Business Ideas – Land is an asset and one of the most profitable assets. Although we are surrounded by water on all sides, we still need land to survive. With the spread of civilization, land has become a formidable entity, which needs to be preserved and used with great care and an eye to the future. Wondering how to make money from free land in India? Don’t worry, we have listed 51 vacant land business ideas to make money!
There are many types of land businesses you can look into to utilize your vacant land to its full potential, but first you need to consider some basic factors such as – land size, land location, zoning laws. Areas, water sources, safety hazards and precautions, soil quality and composition, vegetation and more.
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Below are business ideas that you can use to make temporary or permanent income from your empty space. So without further delay let’s get into it:
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Agriculture is one of the most growing and demanding sectors in today’s world. Agribusiness is the production and marketing of agricultural commodities such as livestock and crops. Your motivation for starting a farming business will directly affect your strategy. You can grow food crops that you can sell locally or export. A business related to agriculture can earn you a very good income if carried out with proper planning, passion and dedication.
If your land is next to a highway or at another strategic location, you can put up billboards on the land and charge advertisers to display their ads on your billboards. This type of business can give you consistent passive income over a long period of time.
Starting a warehousing business is not possible without hard work. There are two sides to this business – first is construction/acquisition of warehouse space and second is providing warehousing services.
Today in the world there is a great sense of fashion in daily work. Horticulturists are now showing more interest in discovering new varieties of plants. Nursery business is very profitable and demanding and you can easily run your own nursery business without any problems. The primary step is the availability of land. This land must have the basic characteristics of land for agriculture. A successful nursery offers a wide selection of young plants to customers who purchase plants individually or in bulk.
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If your land is full of trees, you can use it as timber or sell it. However, wood needs to be processed and these trees also need to be moved from place to place, so there needs to be a facility to do that.
Demand for housing is strong and the property market is booming. Building a detached house, a multi-family house may be the best use of the available space. Investors typically make money on spec homes in one of two ways. They can finance (pay the builder) a percentage of the construction costs and receive an interest or profit share when the home is sold.
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A theme park business is perfect for interesting, passionate individuals who want to establish a profitable self-rewarding business. The demand for amusement parks has grown strongly in recent years. In the coming years, growth is expected to continue and positively impact the outdoor recreation and entertainment industry. Before starting a theme park, a business report must be prepared. It helps in development of important physical planning guidelines and confirms physical parameters like total land size required, building area required etc.
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The special events industry has grown tremendously over the years, especially in the last decade. According to research, the profits in this industry are always increasing. Average profit margin can be as high as 40%.
Your country may be suitable for organizations such as fire brigades and construction companies to train their staff. Training is very important, especially for anyone working in the defense industry and emergency services. So, using your land for such a purpose will always be a win-win option for you!
According to Global Industry, the private education and tuition market is experiencing rapid growth. By starting your academic learning center, you can join a business trend that is moving in the right direction. Starting an educational learning center gives you the opportunity to make a difference in children’s lives every day.
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Another business idea is to establish an athletic field where people can pay for sports and training such as soccer, basketball, volleyball and other outdoor sports.
Golf is one of the leading sports around the world. It promotes health and fitness. Many golf courses today are designed to meet the needs of any golfer, whether as a sport, hobby or just to spend time with friends and family. The area where the golf course is to be established is one of the most important factors that must be considered when establishing a golf course business. You need to employ hardworking, polite and honest staff in your golf course business. However, if you are not willing to commit a lot of time to the business, you can definitely rent/sell your vacant space.
You can earn money by accessing and storing rail cars in the railway system. Consider leasing other transportation systems such as buses and trolleys, but this requires that you have plenty of land properly connected by roads.
Gardening is a fast-growing business idea that can save money and beautify the landscape while helping the environment. Gardens can be traditional outdoor plots, designed on a small scale, planned as greenhouses or restaurant gardens. Restaurant Garden is a unique concept for setting up a restaurant that looks like a garden and provides fresh air. Turning our country into such an establishment is attractive as well as profitable!
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The monthly rent from installation of the cell tower can vary between Rs 8,000 per month to Rs 1 lakh. The amount may vary depending on the height, size and area of the property. Cell tower leases can range from 12 months to a few years, but the owner can extend the lease to take advantage of the long-term benefits. An installed tower can positively impact property values.
The demand for recreational vehicles or RVs along with all other vehicles including cars is increasing with every passing day. It’s a very tangible fact that RVs take up almost twice as much space as cars, and this can come in handy if you have some spare space to use. Yes, think about it all you have to do is store the RV and earn money from your empty space!
Camping is a hobby that never gets old. Hobbies that encourage people to get out of their daily lives, like camping, are ones we all look forward to participating in from time to time, as they help shake off the dust from our sedentary lives. Here your land business can spread!
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The world of non-renewable sources is threatened and giving way to renewable energy sources, which now rule humanity. Solar energy is certainly one such source that is capable of becoming a strong alternative to limited energy sources. However, sufficient space is required for the installation of solar panels to provide the required amount of energy. So, if you are wondering whether to start a business on vacant land, you can definitely use your land area for solar energy development. This will benefit you in addition to making you a responsible citizen, which at the same time promotes sustainability by limiting the use of fossil fuels.
Dairy products form an important part of human diet. These products are raised by cattle, which must be cultivated on large land where farms are established. But to establish farms, soil is an essential prerequisite. So, if the land you currently own is vacant and unused, you can allow your land to be set up as a dairy farm.