Importance of Comparing Land Values
Understanding nearby land rates helps buyers and investors assess whether a deal is fair and competitive. It also supports better budgeting and profit projections for resale or leasing.
- Reflects current market trends
- Useful for negotiations and planning
- Shows the impact of development and location
Key Price Influencers
Several factors determine how land prices differ between nearby industrial zones. The more developed and accessible a zone is, the higher the value.
- Proximity to highways, ports, or railway hubs
- Availability of basic infrastructure like power, water, and roads
- Type of zone such as SEZ, MIDC, or logistics park
- Level of industrial activity and nearby anchor units
Estimated Price Ranges in Typical Zones
In developed industrial parks near major cities, land prices are usually high due to demand and connectivity. These may range from one crore to three crore per acre.
In semi-developed or smaller industrial zones near tier two cities, prices generally fall between fifty lakh and one crore per acre.
In remote or early-stage industrial areas, where infrastructure is limited, prices may range from thirty lakh to sixty lakh per acre.