Student Housing

Student Housing implies a construction explicitly intended for long-haul stay by the students of a particular organization for sleeping accommodations. Student Housing, where easy and comfortable residing, mixed with lavish lodging facilities are offered by the student housing offers. The majority of the student housing accommodations are furnished with present-day offices with a conventional façade that is exquisite and tasteful. The whole stylistic theme is made bright to give a vivacious climate to suit the young personalities.

At the point when a student relocates to another city or a state for chasing advanced education the primary point of research is an accommodation. When a student drifts from his/her hometown, they tend to find appropriate housing or accommodation that lies near to their respective organization of education and that offers essential conveniences is the most important concern for the migrated student. While on-campus provisions like hostel facilities and paying visitor (paying guests) facilities are liked by countless students, the substandard living conditions in these centers often compels them to look in other places for student housing.

Considering the development of the education sector that it has seen for a long time. The numerous changes in the strategies by the education policymakers have also been a reason for the increase in the number of students pursuing higher education in India. The increase in the number of students moving to the urban cities and cities with the best education facilities. This increase in students has also led to an increase in student housing facility providers. The demand-supply gap in terms of proper housing facilities has attracted a lot of investors, constructors, and developers into this field. The focus of the builders is to provide a contemporary lifestyle to the students at affordable rates.

In contrast with hostel or PG facilities, the idea of independent housing accommodations for students is yet growing in India. Moreover, the professionally managed student accommodations not only provide a sense of safety and security, but also promote social interaction among properties offer in terms of affordability, comfort, in-house facilities, and proximity to educational institutes, which has created a separate sub-class in the Indian real estate.

Reason Students Housing is a Good Investment:

1. Initiative to Study in India:

In the 2019 Union Budget, the Government reported its arrangement to draw in 200,000 students from foreign countries to study in Indian colleges under the ‘Study in India’ policy by the government. With administrative measures empowering the number of students pursuing education in the Indian colleges and universities is bound to increase. This upsurge in the ratio of students in the colleges and universities will lead to an increase in the need for comfortable and reliable student housing facilities. The interest in dependable student lodging that is equivalent to worldwide quality guidelines will likewise hit untouched heights in the markets.

2. Dire Deficiency of Campus Accommodation Facilities:

An expected around  35 million students are right now signed up for higher education in India, of which barely 20% can get convenient accommodation facilities on their college campuses. A result of this housing shortage is the rise of a largely unorganized industry that provides makeshift housing alternatives to students. These convenience choices need uniform principles for lease, security, offices offered, and so on. This furnishes trendy student housing facilities at affordable rates and a comfortable lifestyle for the students requires quite a large number of investors in this field.

3. Interest in Advantageous and Relaxed Student Housing Choices:

The complete addressable student housing facility provider is a new age market issue due to the lack of proper facilities. The student housing needs to cover not only the Indian students but as well as the students from foreign countries who are here in India to pursue their education in the Indian universities. The target demographic, therefore, is globalized and resents overbearing landlords or sub-agents who impose rigid lifestyle restrictions. These guidelines by the property owners can tend to act as a burden on the lifestyles of the students, for example, night time limitations and being disallowed from welcoming companions, etc. In this way, students today are progressively liking to pick understudy lodging which permits them to live freely and with pride. This is another reason for the increase in the number of independent student housing accommodation providers.

4. Interested in Furnished Student Housing Accommodations:

The number of students who relocates to urban cities such as Kolkata, Bangalore, Bombay, Delhi, and Nagpur is higher than in other cities. During the days of their studies, the students want to live in a comfortable and carefree environment that promotes a contemporary lifestyle is another cause for the increase in the number of investors in this field. Therefore students prefer the fully furnished accommodation over the unfurnished accommodation provided.

5. Rise of Different Market Players:

With the increased investments by the top-notch education facility providers in the Indian market. There is an assurity of the increase in the number of students which will lead to increase of requirement of spacious accommodation for students.

According to research, the student housing market is going to be a key influencer in the GDP in the coming times. Therefore investing in student housing facilities will be a good investment. The prominent names in the real estate market have already made the bend in this kind of investment.