Investing in land in Mysuru vs constructing house for rent in Mysuru

Elarigu namaskara! Nim elar inda swalpa suggestion/ advices bekithu, kindly share your opining :) I am planning to invest in Mysuru by taking a loan of around 50 lakhs. I am confused between constructing a house for rent(I already own the land) that yields around 20k or to invest in a land that would cost me around 60 lakh for future investment. Considering appreciation of land, I am more leaning towards buying a land but my parents want me to construct a house for rent since we already own a land. I am bit hesitant since the rental yield is not so good and investing in land for future would be the better option. Only problem is I am bit worried if land in Mysuru would appreciate in coming years rapidly? Buying a land would cost me around 1cr(including loan), after 10 years will the land value be more than 1cr? PS: Plot is nearby to city but not so developed area.