Industrial real estate is not only for people who want to set up industry but also emerging asset class for investors as well as real estate developers. Dedicated industrial area setups by the Indian government with self-sufficient townships which even includes aesthetical components have given the industries new makeover and took them to a whole new dimension. Every setup and even e-commerce retailers and wholesalers get a boost from the government’s Make in India initiative and GST.
These industrial townships not only include manufacturing plants but also provide an opportunity for logistics and warehousing entrepreneurs. Every business needs warehousing not just the real business operators but also e-retailers. E-commerce warehousing needs are thrice than that of store operator because customers are more likely to return the product they haven’t seen. Currently, the warehousing sector opportunities are driving the real estate market in Gurgaon. It is also creating new job Opportunities and open a investment from India and abroad. The rise in real business inventories and rising fuel prices is are also contributory factors to rising warehouse demand. There have been unforeseen buying potential in customers which is giving business confidence to the industries.
Industrialist even lookout for more warehouse space even if they have to rent it at convenient locations hence there is an opportunity for even rental income as an investor. Investors should focus on high-growth areas, with potential for growth at strategic locations. They could also prioritize locations closer to population hubs. This can help with deliveries, as customers are increasingly calling for shorter delivery cycle times. Infospace which is public equity has made the full use of this opportunity in the emerging hub at Industrial plots in Reliance MET and acquired over 130 acres of land within Reliance industrial plots in Gurgaon and has come up with industrial space and warehouses which are readily available for lease.
Government is planning to set up 5 new cities along the KMP expressway with the area of 5hectares each. The whole highway stretch has an investment potential of approximately 50 billion dollars. The rise of industrial area and new cities provide umpteen opportunities to builders, Investors, Industrialists in industrial, commercial as well as residential spaces. It will also provide ample employment options from basic laborer to highly skilled employee. More than 2000 workers are already employed in Reliance industrial plots in Jhajjar. There have also been proposals of developing a fashion city, medicine and leisure city which will make the development around KMP expressway a land of opportunities.