A larger percentage of the Indian home-buyers is now inclined towards buying a property as an investment rather than putting it to end use. While many of us think that home buying in itself is an investment and will earn us some profit on selling, some of us put our minds into this investment. Apart from a simple buy and sell strategy, there are other ways to make good money out of a real estate property.
One popular way of putting our investment property to use is to let it out as a student accommodation. In cities like Delhi/NCR, Bangalore, Pune and Chennai, it is a growing trend to put the house on the market as a student/ paying guest accommodation. The number of students and young professional, who aspire to go to metro cities in search of better educational and employment opportunities, is increasing every year. Housing Property in Greater Noida, Ghaziabad, Noida, Delhi and in its suburbs has received immense attention of young professionals.
Students who do not want to live in university hostels want an accommodation near their college campus. In Delhi/NCR, areas close to the university campus in South Delhi are in much demand for student accommodation. On the other hand, PGs and rented apartments are in active demand in areas like Noida, Gurgaon and Greater Noida. Youngsters who work in these areas want residences in close proximity of their work locations. People who already own a home in these locations can capitalize on the huge demand and earn comparatively higher amounts as rent.
In order to attract more students, some PG owners also offer food services at a little extra cost. Some also install vending machines for the students to enjoy snacks and beverages whenever they want. Such petty things make a huge difference and can attract a higher rental. This is a smart way to earn heavy profits every month without any hassle and headache. You can also continue it as long as you want; the rents for such accommodations are only going to rise in the future.
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