Planning for affordable student housing in Indore city

Abstract

In India's economic landscape, the winds of change are blowing strong. Given the ongoing market transformation process, driven largely by the behaviour of a pragmatic policy-adoptive Modi Government, companies and investors are both waiting carefully and watching the unfolding effect. Closer home, the impact on an already fragile economy of real estate, obviously vulnerable to macro shifts, can be viewed as many. The harnessing of creativity is of paramount importance during these periods. And one such concept is to deep-dive alternative asset classes into the planet. As they were largely unexplored within the Indian realty framework, the time has come to analyze the potential offered by these groups, albeit a bit more in detail. Once such is Student Housing, which has tremendous potential for all interested parties. It offers a platform for developers to diversify from the already volatile mainstream real estate sectors. It is an evolving market for asset management companies and funds with the potential to produce returns, far higher than the existing office and retail assets. This is one way for the government to encourage their skill development & education manifesto by creating an enabling environment for students from every section. Also with policy funding in terms of tax benefits for developers, the student housing project could help address a broader social problem about low student enrolment, women's engagement in higher education, drawing more international students to India and so on. Although student housing in India is a new asset class, it's well-established in many other parts of the world. This first became a structured asset class in the United States, followed by the United Kingdom, which is also used as a benchmark in the global student housing industry. Australia is another emerging market leader in the Asia Pacific region for student housing India has undergone massive migration from rural parts of the country to urban towns. Students and working professionals who migrate from small towns and rural areas of the country to pursue higher education or train for entrance examinations to various professional and educational courses or recruitment tests, face a very simple but crucial problem of finding sufficient living space for themselves. These people have two options to either stay in rented flats or look for a hostel or search for accommodation for visitors. A very high percentage of students and working professionals, especially students, opt for private hostels or accommodation inThesis Abstract vii