Neral-Matheran in Maharashtra, Sanand-Nalsarovar in Gujarat among top 5 new corridors for investment in land: Report

Neral-Matheran in Maharashtra and Sanand- Nalsarovar in Gujarat are among the top five emerging corridors for investments in land parcels as investors can expect returns of up to five times in the next 10 years, according to Colliers India.

After buying land parcels, investors would have to develop assets like second homes, weekend homes, holiday homes and retirement homes to generate steady rental income, which along with capital appreciation can result in healthy returns on investments.

ECR-Injambakkam-Kovalam near Chennai, Kompally-Medchal-Shamirpet in Hyderabad and New Town-Rajarhat near Kolkata are the other three emerging investment corridors.