Farming To Mobile Towers, Business Ideas For Vacant Terraces – News18

In the current trend of increasing interest in business professions, there has been a notable 30% surge in MBA admissions compared to 2022. While essential elements for a business venture include a startup plan, capital, and space, acquiring a suitable rental space can be a challenging process. However, an innovative solution is to utilize the terrace of your home for business setup, avoiding the need to scout the city for accessible rental spaces. This approach requires less capital, offers increased control, and can be highly profitable. Here are some business ideas that can be set up on the vacant terrace of a building:

1. Terrace Farming:

Leverage the available space on your roof for terrace farming, cultivating vegetables and flowers in pots or polybags. Deep utensils and raised beds can enhance the yield, allowing the growth of various vegetables like cucumber, tomato, radish, beans, potatoes, onion, and brinjal.

2. Installing Solar Panels:

Opt for installing solar panels on the vacant terrace, unlocking benefits such as government subsidies and free electricity. Additionally, surplus electricity can be sold to the government or companies through the grid, offering potential earnings ranging from Rs 30,000 to Rs 1,00,000 per month.

3. Mobile Tower Rental:

Explore the option of renting your vacant terrace space to mobile companies for installing mobile towers. Obtain necessary permissions from the local municipal corporation, and mobile companies or tower operating companies can pay you a monthly fee for hosting the tower. This arrangement has the potential to generate substantial monthly earnings, reaching up to Rs 60,000 even in smaller cities.

4. Hoardings or Banners:

If your residence is situated in a popular area with good visibility, consider earning money by installing hoardings or banners on your rooftop. The advertising fare depends on the location, and you can collaborate with ad agencies to explore this revenue-generating opportunity.

Utilising the terrace space for business endeavours not only provides financial benefits but also aligns with the growing interest in entrepreneurial pursuits, as evidenced by the increased demand for MBA admissions.