Branded hostels until some time ago were an untapped segment of the Indian real estate market but with the recent branded hostels phenomenon, they have grown into ‘A home away from home’ for their users. This sector was a neglected asset class earlier but now with students and working professionals looking for an interim accommodation where they can avail all modern facilities, the segment has rose to demand. Many developers these days are coming up with hostels which give you excellent facilities and amenities.
Students and professionals have for long adjusted with mediocre rented accommodations or paying guests PG accommodation pads. In these facilities, the security is usually not up to the mark and only bare minimum facilities are available for the users. Some students live in hostels provided by the educational institutes where in the name of facilities you have only internet, food and laundry. [Read more…]