In India, the industry of providing comfortable living facilities to students for consideration did not exist. People preferred to let their children stay in hostels within colleges as they consider it a better and safe option, but due to the large number of students, the number of rooms has decreased, which has led to the first approach come, first served. It was seen that the facilities offered by colleges in hostels usually did not make students feel comfortable and they missed their home. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay When students did not find rooms available for them in a hostel, they started looking for rooms outside the college but close to it. But this did not solve the problem as the rooms available in the residential buildings were not cheap and lacked amenities required by students. Now, India comprises 34 million people who are students pursuing their education at higher level, which is actually a very large number. number. Due to the shortage of hostel rooms, the demand for student accommodation has increased very rapidly. The rapidly growing demand for student accommodation was seen as a time for people to enter the market where the real estate sector was in decline. Players who are already businesses in this industry are very happy to see how this growing industry is doing and can even expand their current business almost 100% year after year in the next 4-5 years. This sector is proving to be beneficial for India, while in other countries it is already very stable. The United States was the first where this sector became a resource, then the United Kingdom which set the standards for this sector. This industry in India is improving. This market focuses on 3 things:Basic which consists of Wi-Fi, food and laundry.Medium which consists of housekeeping staff and air-conditioned rooms.Premium which consists of transportation, ice-breaking events with students and intercom .Today students are looking for an atmosphere where they can come home feeling affordable. They look for a place to stay where there is a common space where they can sit with their friends, discuss, study during the exam period and also entertainment activities to relax. Student accommodation should be made in a form other than hostels. It should actually include many amenities along with a homely environment provided at a cheaper price. In the initial phase, companies targeted states like Pune and Bangalore 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 buy them at the initial stage. This market requires a huge investment. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay The national education policy recommends that the amount of spending on education is increased by only 6% of total GDP from 3.5% of GDP in a few years. This tells us that increasing the amount spent helps improve the quality of education along with facilities and accommodation. India can become the hub of education in South East Asia if it starts focusing on improving students who aspire for better careers. This sector has huge potential in India. This policy tells us how private companies help raise resources and shape this sector. Universities operating on their own are encouraged to start their own.