In India, the industry of providing students with comfortable accommodation did not exist. People preferred their children to stay in college hostels as they consider it a better and safer option, but due to the large number of students, the number of rooms has reduced, leading to first come, first served approach. It was found that generally, the facilities provided by colleges in hostels did not make students feel comfortable and they missed their homes. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get Original EssayWhen students did not find hostel rooms available for them, they started looking for rooms outside the college but close to it. But this did not solve the problem, as the rooms available in residential buildings were not cheap and lacked the necessary amenities for students. Today, India has 34 million students pursuing their education at a higher level, which is actually a very large number of students. number. Due to the lack of rooms in hostels, the demand for student accommodation has increased very quickly. The growing demand for student housing was seen as a time when people could enter a market where real estate was in decline. Players who are already businesses in this sector are very excited to see how this sector is evolving. growing and they can even expand their current business by almost 100% year on year in the next 4-5 years. This industry benefits India while in other countries it is already very stable. The United States was the first where this industry became an asset and then the United Kingdom set the standard for this industry. This industry in India is improving. This market focuses on 3 things: Basic which includes Wi-Fi, food and laundry. Average which includes housekeeping staff and air-conditioned rooms. Premium which includes transportation, icebreaker events with students and intercom. Nowadays, students are looking for an atmosphere where they can feel at home at an affordable price. They are looking for a place to stay where there is a common area where they can sit with their friends, chat, study during their exams and even entertainment activities can take place to relax. Student accommodation must be built in a different form from hostels. It should actually include plenty of facilities as well as a friendly environment offered at a cheaper rate. Initially, companies targeted states such as Pune and Bengaluru as they had a large number of students. Real estate prices in Mumbai and Delhi were very high, which is why companies did not prefer to go there initially. This market requires a huge investment. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay The National Education Policy recommends that the amount of expenditure on education has increased to only 6% of the total GDP, compared to 3.5% of the GDP in a few years. This tells us that increasing the amount spent helps improve the quality of education as well as facilities and housing. India can become an education hub in Southeast Asia if it starts focusing on uplifting students who aspire for a better career. This industry has huge potential in India. This policy.