Joint ventures (JVs) are increasingly becoming the key mechanism for unlocking dormant industrial land across India, offering a balanced framework of shared risk and shared reward between landowners, developers, and institutional investors. In many cases, large tracts of industrial-zoned land have remained idle for years due to a lack of capital, limited technical know-how, or regulatory complexities. JVs are addressing this challenge by bringing together the strengths of multiple stakeholders—land as equity, capital infusion, development expertise, and regulatory navigation—to transform underutilized land into productive, income-generating industrial zones.
This model is gaining momentum in regions such as Jhajjar (Haryana), Nagpur (Maharashtra), Hosur (Tamil Nadu), and Dholera (Gujarat), where land parcels with latent potential are being reactivated for logistics parks, light manufacturing units, and multi-tenant industrial campuses. By sharing development responsibilities and financial exposure, landowners can monetize their holdings without selling outright, while developers gain access to well-located plots without heavy upfront investment. These joint structures often operate under revenue-sharing or profit-sharing agreements, ensuring long-term value retention for all parties involved.
Governments are also playing an enabling role by streamlining JV approvals, offering infrastructure support, and prioritizing clearances for co-developed projects. As India moves to scale up its industrial capacity under initiatives like PM Gati Shakti and various state-level industrial corridor plans, JV-based land development is emerging as a scalable, inclusive, and financially sustainable solution. It not only accelerates the utilization of dormant assets but also ensures that industrial growth is strategically located, locally anchored, and efficiently executed.
