Introduction On Student Housing

1.
Introduction on Student Housing
The improvements in the education levels and increasing enrollments of students in Higher
Education Institutes has made the student accommodation as the important sector of commercial
property and is attracting the interest of many investors. Previously the student accommodation
was only provided by the universities but due to increased enrollments in the educational
institutes there is strong need of alternate form of accommodation as these universities are not
able to cater the increasing demand. The global tertiary enrolments in 2000 were 98 million
which grew to 165 million by 2009 and it is expected to grow to 263 million by 2025. The rise in
the supply has not been fast to accommodate this steep rise in the housing demand thus resulting
in the unbalanced student housing market.
The student housing industry is emerging as a good investment sector and is attracting the interest
of many investors. The business has low risk option and it characterizes secure and steady rental
growth. It has high occupancy rate due to greater demand than the supply. The sector has well
performed even during the times of downturn due to increase in student enrollments even during
the recession periods.
There is high investment opportunity with the global market being currently valued at US$ 200
billion. Privatization of student hostels is a good alternative financing solution for universities
which can provide ability to meet the increased demand of student housing along with a new
revenue stream to support financial operations of university. Thus it can provide relief to capital
capacity constraints for university. Private housing not only provide financial alternative to
university but also innovative housing plans according to student needs.
Student housing sector is gaining popularity in India and is one of the most vibrant real estate
markets in near future. Unlike other conventional real estate markets it offers relatively more
stable income and resilient performance in downturns.
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Objective of the study:
To understand the student housing viability in Kurla.
Limitations:
Some of the limitations faced by me during this report were as follows:
• Time Management.
• Lack of available data.
• Fluency in the Language.
• Lack of accessibility.
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REVIEW OF LITERATURE
Student accommodation industry has been traditionally dominated by unorganized players.

Twenty first century has brought about a paradigm shift in this tradition. Organized and big real
estate firms have identified huge potential and void this industry has to offer. According to the
report by Dawn Wotapka Lennar Corp., a large real estate builder, identified huge potential in
the student accommodation business from the students of University of Texas and established its
first off campus apartment community near University of Texas in Austin. Similarly, Toll
Brothers Inc. known for its dominance in traditional real estate business of suburban homes
purchased a land near the University of Maryland in College Park and Penn State University in
State College on which it plans to build student housing. These moves were taken by the real
state developers to diversify their portfolio in areas that are considered less sensitive to
downturns during an economic recession. Even during real estate crash, prices of single family
homes declines and apartment landlord reduced rents but student housing landlords continued to
raise rents without any objection from the students.
There is huge gap in the student housing industry. In the MIT faculty newsletter, Brian Spatocco
regarded lack of graduate student housing as a serious problem and stated that if this issue is left
unchecked it will not only have a profound effect on the quality of life of many off-campus MIT
community members but it may also markedly impact the ability to attract the talent as well as
maintain the level of productivity which fuel their academic pursuits. The emphasis was also
given on living close to the place of work that is a walking distance from the campus as it is
important to the safety, well-being and quality of life of the graduate. Thus, penetration of big
firms in this industry can prove to be highly rewarding in the long run and may also give first
mover advantage.
The student accommodation is a captive niche market to investors and the investment feasibility
of student housing is enumerated in the study made by Mathew E. Pace, where he says that the
student population is rising twice as fast as the total U.S. population and University owned
supply has failed to keep pace with demand growth as well as the private sector is slow to fill the
void. The per unit rents or student housing generally exceed those for conventional apartments,
as units have more tenants paying rent. Despite a growing institutional presence, the student
housing market is still highly fragmented and dominated by small, undercapitalized owners,
whose market share would be vulnerable to capture by larger, more professional institutional
developers, managers, investors, and owners.
Various business models can be executed in this industry. The private development of student
housing by partnership with the institution provide interactive and enriching student living
experience possible for the least cost. These partnerships allow the institution to benefit from the
efficiencies of private development according to a report by John Martin and Mark Allen. It
further stated two projects which were developed through successful partnerships, College Row
at Franklin & Marshall College and South Campus Gateway at Ohio State University. A
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generation of students has become accustomed to colleges and universities competing for their
enrollment with improved housing options thus housing to student expectations for a comfortable
and engaging environment is an established trend in residential life.
The academic performance of the student is directly influenced by the quality and quantity of
their residential accommodation. Observing this, the Federal Government of Nigeria directed
Heads of Tertiary Educational Institutions in the country to hand over hostels in campuses to
private managers and also encouraged private investors to build hostels for students. In the study
made by Bassey Ubong, few benefits of the hostel accommodation were highlighted. These
benefits include students staying in hostels enhances desire to read with fewer distractions,
moreover, activities of studious students can force less serious ones to read. Students in hostels
enjoy greater opportunities of participating in co-curricular activities. Students go under moral
training such as proper code of conduct and individual behavior in group situations during their
stay in hostels. Though investment in student housing industry does not generate a high ROI but
it certainly reaps stable and guaranteed success if backed by a proper market research and
effective execution of its suggestions. According to the report by JLL (Jones Lang LaSalle), the
student housing industry is emerging as mainstream investment category. This is all due to rise in
student numbers worldwide and increase in international student mobility. In 2000-2011 global
tertiary enrollments rapidly rose from 98 million to 165 million in 2011 and it is expected to
reach 263 million by 2065. The special attributes of this sector are the stable rental income with
solid annual growth, resilient performance in downturns and high occupancy rates as student
enrollments are rising at a higher rate than supply.
Although this industry offers great opportunity, aspiring players should not be over ambitious. A
study conducted on student housing in the city of Pretoria, South Africa revealed that the
university can only accommodate less than 34% of the to total enrolled students. Thus the private
student housing clearly plays a critical role in bridging the existing gap and a partnership
between the private housing providers and the university may help optimize entrepreneurship
ability and potential. Government entrepreneurship financing agencies like Independent
Development Corporation (IDC) and National Youth Development Commission (NYDC) could
benefit both the student community and the general public if engaged in joint housing provision
venture.
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Profile of the organization
1.1 Global Performance of Student Housing
Over the past two decades, the global student housing sector has experienced rapid growth,
fuelled by favourable demographic trends. The rise in student numbers has created strong demand
for student housing, but universities across the globe were unprepared to react the rise in
enrollments and create adequate student housing, while at the same time their existing on-campus
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facilities became outdated. Instead the private sector responded to the strong demand, developing
purpose built accommodation aligned with student needs.
During this period, the student housing market has undergone a transformation, but it as at
different stages of development across the globe. While the student housing market was
developed by the USA and further it was developed by UK and this both countries have captured
a matured market in student housing. Australia is another emerging market for student housing
and it is in a development phase.
The global market for this asset class is estimated to be $200 billion. Below the table shows that
how the global student housing evolution has take place.
USA 2002 UK 2003 AUSTRALIA 2013

Yield rate 8.50% 10% 7.70%
Yield rate 2016 6% 4.50% 7%
Over one half of international students come from Asia (53%), followed by Europe (23%),
Africa (12%), South America (7%), North America (4%) and Oceania (1%). Developed western
countries capture demand. Europe and North America captured on average 75% of international
students.
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Student housing is of a particular interest to investors due to its recession hedge characteristics,
ability to deliver a stable income and solid rental growth and the exceptional demand conditions
associated with it.
1.2 Student Housing Market in UK, USA and Australia
The UK student housing market, as mentioned previously, is one of the more mature markets
globally and it has seen tremendous success. Though student housing as a concept existed in the
UK for a long time, it was in the early 2000s that the market was exposed in a big way and
witnessed increased transactions. During the 1990s, there were only a few transactions sighted.
The following years, however, saw trading of large portfolios with volumes in excess of GBP
400 million per year.
Despite being well-established, the UK student housing market is still an undersupplied market.
In the established markets, demand for student housing coming from international students is
only a subset of the overall demand. Many would believe that international students comprise of
a large share of student housing market in mature economies.
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However, given that local students too prefer to take benefit of the enabling environment (in
terms of amenities) that student housing offers, even mature markets remain under-supplied.
Student housing in the UK exists in various formats. The primary grade schemes offer premium
facilities and amenities. The secondary grade schemes offer basic facilities and amenities and are
lower in rent than the primary grade schemes.
Over the years, the UK has developed several models of student housing, many of them now
being followed globally. These models form the basis of sharing of responsibilities between
academic institutions and private developers.
Student housing, like other asset class, gets actively traded across major markets and there is
sufficient investor appetite in the sector. In 2011, transactions totaled around USD 1 billion in
the UK market. In 2016, this number reached USD 3.2 billion, a CAGR of 26%.
The USA and Australia is both student housing markets but they are very different in nature. The
USA was the first student housing market to develop and its demand largely comes from
internally migrated students. Whereas, Australia is one of the most recently developed markets,
and it has a higher proportion of foreign students.
The USA was also the first market that saw student housing transition from an unorganized
market to an organized alternative asset class in 1985. Although student housing as an asset class
is the oldest in the USA, it still has the potential to grow and develop. Approximately 16 million
students get enrolled into colleges across the US, with international students totaling around
850,000. Total beds in the US are 2.9 million (across all formats). Demand is largely driven by
students migrating internally.
Student housing in Australia started to develop as an organized asset class very recently and is
still at a nascent stage. There are close to 1.4 million students of which 290,000 are migrants in
Australia. With merely 51,289 beds in supply, the demand-supply gap is very wide. This asset
class is in developing stages and therefore the market is an emerging one.
Despite the limited amount of investible and operational student accommodation assets, the Australian
market has attracted interest from a number of large national and international investors.
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1.3 Scope of Student Housing in India
There are currently 34 million students in higher education in India. Higher education includes
students studying at the undergraduate, postgraduate, diploma, certificate, PG Diploma and PhD
levels. Out of which 26 million students migrate to metropolitan areas, which create a huge
demand for student accommodation.
India Higher education is the 3rd largest in the world with more than 21 million student
enrollments. It is expecting to grow 40 million students by 2020. India international student
population is 42300. Like the USA, India student housing is primarily come from domestic
students.
The sheer volume of students in India is one reason why student housing is considered an
attractive investment proposition amongst the alternative real estate asset classes. Moreover,
recent compressions of yields in the commercial sector and slowdown in residential sales have
resulted in developers focusing on alternative asset classes.
The graph below shows the yield rates in India for commercial office and retail for the past ten
years. The yield rate for student housing is pitched at anywhere between 15-18%, which is
significantly higher than yield realized through the two commercial asset classes. This is mainly
because of the high, unmet demand and the potential market size in India.
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The top ten states account for 74% of the student population in India and it is in the educational
hubs that student housing will be needed the most. The top ten states are Maharashtra, Uttar
Pradesh, Tamil Nadu, Karnataka, west Bengal, Rajasthan, Madhya Pradesh, Andhra Pradesh,
Gujarat and Delhi. This top ten states have experience an unmet demand of 30 to 60%.
India can aspire to be an education hub within South East Asia if it were to focus on improving
the overall experience of career aspiring students.
The potential for student housing in India is huge, as we have seen above that the demand-supply
gap and the investment potential. The National Education Policy (NEP) also outlines the
importance of private entities in helping to raise resources and shape the sector.
Moreover, several private universities have been encouraged to start operations in India in order
to foster quality education and provide more options for aspiring students.
Currently, there is no special consideration for student housing in India in terms of the tax
treatment of the profits from student housing. However, in order to facilitate private sector
participation in the sector, the government could consider providing certain tax incentives that
will make the market attractive to operate in.
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1.4 Scope of Student Housing in State Level
The graph below highlights the top ten states with the highest number of students, and it helps us
identify the educational hubs in India. The top ten states account for 74% of the student
population in India and it is in the educational hubs that student housing will be needed the most.
Uttar Pradesh, Maharashtra, Tamil Nadu and west Bengal have experienced highest number of
student enrollments. Maharashtra rank 2nd in highest number of student enrollments and it has 4
million students. There is a huge opportunity to build a student housing in Maharashtra.
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Student housing in India is a highly unorganized market where the main forms are campus
housing, private hostels and the residential paying guest format. Supply in the paying guest
format is difficult to quantify; however, the total number of beds in campus housing and private
hostels currently available in India is close to 6.1 million. The number of beds available in the top
ten states is shown in the graph below. Maharashtra rank third amongst it and it has only 6 Lakh
beds.
If we were to break-down the demand supply gap at state-level, the graph below highlights the
same for the top ten states identified previously as educational hubs.
The graph does not take into account foreign students and focuses mainly on internal migration
within India. These are the states with the highest number of students; however, there is a severe
shortage with respect to the number of beds needed.
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Education hubs such as Maharashtra and Rajasthan have a very strong unmet demand percentage
that exceeds 60% and highlights the potential for development. While states such as Tamil Nadu,
West Bengal and Andhra Pradesh show a different trend, there could be specific cities or towns
within these states that remain under-supplied, as revealed through surveys of developers
currently operating in the student housing space in these regions.
One can easily identify cities within each of these states that have established themselves as a
hub for students pursuing higher education. For instance, Maharashtra has been one of the
undersupplied states in terms of student housing and this could draw attention of developers to
markets such as Pune, Mumbai, Kolhapur and Nagpur. While every state would have its own
education hub and developers should look for granular details on demand-supply dynamics,
some cities will always emerge as attractive destinations within these states.
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1.5 Scope of Student Housing in Mumbai
Mumbai University has emerged as a favorite destination for international undergraduate

students. In fact, it recorded a 180% increase in foreign students’ enrolment, from just 81 in
2010-11 to 227 in 2013-14. It has also seen a highest rise in enrolment in the last eight years with
more than 2,60,000 students enrolling in the academic year 2017-18. More than 700 Colleges
and Institutions are affiliated with University of Mumbai. University of Mumbai is one of the
largest universities in world in terms of number of Student enrolled very year.
Students from countries like Afghanistan, Nigeria, Kenya, Bhutan, Cambodia, Iran, Saudi Arabia,
Bangladesh, Egypt, Australia, Mauritius, Korea, China, find the self-financed courses very
lucrative. There are a few students from the US and UK too, but their numbers have never been
very high.
The varsity had admitted 23,40,230 students in its undergraduate courses in 2016-17. Mumbai
draw in undergraduates from all over the country and have a shortfall in custom-built housing for
them of 62 percent. In Mumbai there are more than 110 Hostels and 5581 PG.
2. Research Methodology
2.1 Objective
To understand the student housing viability in Kurla.
2.2 Data Collection
1. Primary Data
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Primary data was collected through survey method by distributing questionnaires to students
who stay in a hostel.
2. Secondary Data
Data is collected from internet, news article and reports. It is the data which has to collect by
an individual or someone else for the purpose of particular research study.
2.3 Sample Area
Sample refers to selecting some of the elements in a population by which one can draw
conclusions about the entire population.
The sample area was:
1. Baluben and Jagjivan Mulji Women Hostel. (Kurla)
2. Somaiya Hostel. (Vidyavihar)
3. Shri Virji Ladha Hostel. (Ghatkopar)
4. Swami Vivekananda Hostel. (Chembur)
5. United Jain Hostel. (Sion)
6. Sydenham college. (Churchgate)
7. NM college. (Vileparle)
8. Sp Jain college. ( BKC)
9. Rizvi college. (Bandra)
10. MET college. (Bandra)
11. Chetna college. (Bandra)
12. Welingkar college. (Matunga)
2.4 Sample Size
Sample size is the size of sample drawn from the population which is the true representative of
the research. The number of respondents included in the study was 632 respondents who were
asked to provide information for the survey.
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3. Data Analysis and Interpretation
Analysis of data is a process of inspecting, cleaning, transforming, and modeling data with the
goal of discovering useful information, suggesting conclusions, and supporting decision-making.
Data analysis has multiple facets and approaches, encompassing diverse techniques under a
variety of names, in different business, science, and social science domains.
The analysis and interpretations given for the data collected are based on the objectives of the
study. Collected data is classified and suitable tables and charts are formed to analyze the data.
The statistical tool used to analyze the questionnaire and arrive at conclusions for the research
project are percentage and graphical representation with the help of bar and pie charts.
Thus each analysis for the questions is shown separately and the interpretations are given.
Q.1. Gender?
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Interpretation:
As per the above data analysis the total respondent collected is 632 out of which 382 respondents
are from catchment area 1 which includes Sion, Ghatkopar, Kurla, Chembur and Vidyavihar and
250 respondents are from catchment area 2 which includes Churchgate, Matunga, BKC, Vileparle
and Bandra. The Graph is divided into three parts: Catchment area 1, Catchment area 2 and
combined graph. In catchment area one 77% of students are male and count wise it comes up to
296. In Catchment area two 63% of students are male and count wise it comes up to 158. In
combined graph 72% of students are male and count wise it comes up to 454.
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Q.1. Age?
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Interpretation:
combined graph. In catchment area one 27% of students are male in the age of 20 years and count
wise it comes up to 102 and 7% of female students are in the age of 20 years and count wise it
comes up to 28 . In Catchment area two 24% of students are male in the age of 23 years and count
wise it comes up to 62 and 13% of female students are in the age of 23 and 24years count wise it
comes up to 33 . In combined graph 16% of students are male in the age of 20 years and count
wise it comes up to 102 and 7% of female students are in the age of 23 years and count wise it
comes up to 41.
Q.2. In which areas do you currently live?
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Interpretation:
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combined graph. In catchment area one 32% of students are from Vidyavihar and count wise it
comes up to 122. In Catchment area two 36% and 33% of students are from Bandra and Vileparle
count wise it comes up to 91 and 82. In combined graph 19% of students are from Vidyavihar and
count wise it comes up to 122.
Q.3. Which program have you enrolled in?
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Interpretation:
combined graph. In catchment area one 71% of students are enrolled in Postgraduates and count
wise it comes up to 270. In Catchment area two 100% of students are enrolled in Postgraduates
and count wise it comes up to 250. In combined graph 57% of students are enrolled in
Postgraduates and count wise it comes up to 362.
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Q.3. Specify program?
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Interpretation:
combined graph. In catchment area one no one has responded. In Catchment area two 53% of
students are enrolled in Postgraduate diploma courses and count wise it comes up to 132. In
combined graph 21% of students are enrolled in Postgraduate diploma courses and count wise it
comes up to 132.
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Q.4. What type of accommodation you are living in?
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Interpretation:
combined graph. In catchment area one 94% of students live in hostel and count wise it comes up
to 358. In Catchment area two 52% of students live in a hostel and count wise it comes up to 130.
In combined graph 77% of students live in a hostel and count wise it comes up to 488.
Q.5. In above question if you have chosen hostel or paying guest then how many roommate stays
with you?
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Interpretation:
27
combined graph. In catchment area one 48% of students live with three or more than three
roommates and count wise it comes up to 184. In Catchment area two 52% of students live alone
in a room and count wise it comes up to 130. In combined graph 30% of students live with three
or more than three roommates and count wise it comes up to 188.
Q.6. What basic facilities and amenities are provided to you?
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Interpretation:
combined graph. In catchment area one 100 and 92% of students are getting basic facilities like
security, cupboard and TV. In Catchment area two 100% of students are getting basic facility like
security, laundry, cupboard, TV, Wi-Fi and Ac rooms. In combined graph 100 and 95% of
students are getting basic facility like security, cupboard and TV.
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30
Q.6. Any Other Extra Facilities Getting?
Interpretation:
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students are getting extra facility like Gym and count wise it comes up to 55. In combined graph
9% of students are getting extra facility like Gym and count wise it comes up to 55.
Q.7. How much rent are you currently paying for your accommodation per month?
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Interpretation:
combined graph. In catchment area one 84% of students are paying rent in the range of Rs 5001 to
Rs 9999 and count wise it comes up to 322. In Catchment area two 53% of students are paying
rent in the range of over Rs 20000 and count wise it comes up to 132. In combined graph 51% of
students are paying rent in the range of Rs 5001 to Rs 9999 and count wise it comes up to 324.
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Q.8. How far is your college from your accommodation?
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Interpretation:
combined graph. In catchment area one 54% of students live within one hour distance from their
accommodation and count wise it comes up to 207. In Catchment area two 100% of students live
within less than 30 min distance from their accommodation and count wise it comes up to 250. In
combined graph 67% of students live within less than 30 min distance from their accommodation
and count wise it comes up to 422.
Q.9. If you are staying in a hostel or paying guest how would you rate your accommodation?
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Interpretation:
36
combined graph. In catchment area one 76% of students are rated good for their accommodation
and count wise it comes up to 289. In Catchment area two 50-50% of students are rated their
accommodation good and excellent. In combined graph 66% of students are rated their
accommodation good and count wise it comes up to 415.
Q.10. What living accommodation would you prefer in Hostel and Paying Guest?
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Interpretation:
combined graph. In catchment area one 61% of students required triple bed sharing room and
count wise it comes up to 232. In Catchment area two 74% of students required single bed sharing
room and count wise it comes up to 185. In combined graph 38% of students required triple bed
sharing room and count wise it comes up to 239.
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Q.11. What basic facilities or amenities you would required in Hostel/Paying Guest
accommodation?
39
Interpretation:
combined graph. In catchment area one all of the basic facility except Ac room are required by the
students. In Catchment area two all of the basic facilities are required by the students. In
combined graph all of the basic facilities except Ac room are required by the students.
Q.11. Any Other Facilities Required?
40
Interpretation:
41
students required extra facility like Gym and count wise it comes up to 90. In combined graph
14% of students required extra facility like Gym and count wise it comes up to 90.
Q.12. Will food plays an important factor in choosing your hostel or paying guest
accommodation?
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Interpretation:
combined graph. In catchment area one 100% of student prefer to have a food and count wise it
comes up to 382. In Catchment area two 100% of students prefer to have a food and count wise it
comes up to 250. In combined graph 100% of students prefer to have a food and count wise it
comes up to 632.
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Q.13. If Yes, then what food facility would you prefers?
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Interpretation:
combined graph. In catchment area one 88% of student prefer to have an all kind of meal and
count wise it comes up to 338. In Catchment area two 88% of students prefer to have an all kind
of meal and count wise it comes up to 220. In combined graph 88% of students prefer to have all
kind of meal and count wise it comes up to 558.
Q.14. As per the above accommodation and basic facility you need, what will be your
affordability range?
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Interpretation:
46
combined graph. In catchment area one 87% of student prefer to have a room in the range of Rs
5001 to Rs 9999 and count wise it comes up to 331. In Catchment area two 53% of students
prefer to have a room in the range of over Rs 20000 and count wise it comes up to 131. In
combined graph 53% of students prefer to have a room in the range of Rs 5001 to Rs 9999 and
count wise it comes up to 331.
Q.15. Which modes will you look for getting information on hostel or paying guest
accommodation?
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Interpretation:
combined graph. In catchment area one 88 and 81% of student prefer to have a hostel information
on social media, hostel portals and recommendations. In Catchment area two 73 and 72% of
students prefer to have a hostel information on social media, hostel portals and recommendations.
In combined graph 82 and 78% of students prefer to have hostel information on social media,
hostel portals and recommendations.
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4. Conclusion
As per the above data analysis we can draw a conclusion that:
100% of student getting basic facility like security, cupboard and TV facility
38% of student preferred to live in a triple sharing room.
100% of student required basic facility like security, cupboard, TV, Wi-Fi facility and laundry
service.
100% of student required food facility in their hostel.
53% of student preferred to have a rent in the range of Rs 5001 to Rs 9999.
82% of student preferred to get the hostel information from social media and hostel portals.
5. Recommendation
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As per the above data analysis and interpretation we can recommend that a company should start
the student housing project in Kurla because most of the students who use the hostel service are
the male students in the age group between 20 to 23 years. They stay near by project locality and
ready to pay the rent in the range between Rs 5001 to Rs 9999 and they also prefer to live in a
triple bed accommodation with a basic facility like security, laundry service, Wi-Fi, TV and
cupboard.
So we recommend that a company should construct a more triple bed sharing room or dormitory
room for a student in range between Rs 5001 to Rs 9999 and it will also help the company to
reduce the cost of a room and also provide all the basic facility like security, cupboard, laundry,
TV, Wi-Fi and food facility for a student and the best mode of providing the information
regarding the hostel will be on Social Media, Recommendations and Hostel Portals
6. Web Bibliography
JLL Annual report 2016-2017
IJIFR Annual Report 2015-2016
Eduvisors Annual Report 2015-2016
Cushman and Wakefield UK Annual Report 2015-2016
JLL Global Report
Business line News article (2015)
Money control News article (2015)
Times of India News article (2016)
Magic bricks.com
99 acres.com
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7. Annexure
1) Your Gender and age?
Male Female Age__________________
2) In which area do you currently live?
Ans ____________________________________
3) Which program have you enrolled in?
Undergraduates. Postgraduates. Specify program_______________
4) What type of accommodation you are living in?
Own House. Hostel. Paying Guest. Rental Accommodation.
5) In above question if you have chosen hostel or paying guest then how many roommates stay
with you?
Zero One Two Three or more than three Not Applicable
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6) What basic facilities and amenities are provided to you?
Security Facility. Laundry service. TV.
Wi-Fi Facility. Cupboard. AC Rooms.
Not Applicable. Any others _____________________________
7) How much rent are you currently paying for your accommodation per month?
Rs 5000. Rs 5001 to Rs 9999. Rs10000 to Rs14999.
Rs 15000 to Rs 19999. Over Rs 20000. Not paying rent.
8) How far is your college from your accommodation?
Less than 30 min. One hour. Two hour. Three hour. More than Three hours.
9) If you are staying in a Hostel or Paying Guest how would you rate your Accommodation?
Poor. Fair. Good. Excellent. Not Applicable.
10) What living accommodation would you prefer in Hostel or Paying Guest?
Single bed accommodation in a room.
Double bed accommodation in a room.
Triple bed accommodation in a room.
More than Triple bed accommodation in a room.
11) What basic facilities or amenities you would required in Hostel/Paying Guest
accommodation?
Security Facility. Laundry service. TV.
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Wi-Fi Facility. Cupboard. AC Rooms.
Any others _________________________________
12) Will food play an important factor in choosing your Hostel or Paying Guest accommodation?
Yes No
13) If yes, then what food facility would you prefer?
Morning Breakfast. Lunch. Dinner. All of the above.
14) As per the above accommodation and basic facility you need, what will be your affordability
range?
Rs 5000. Rs 5001 to 9999. Rs 10000 to 14999.
Rs 15000 to 19999. Rs 20000 and more.
15) Which mode will you look for getting information on hostel or paying guest
accommodation?
Recommendation. Internet (browsers). Hostels portals.
Social media.
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Introduction On Student Housing

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1.

Introduction on Student Housing

• Lack of available data.

• Fluency in the Language.

Student accommodation industry has been traditionally dominated by unorganized players.

1.1 Global Performance of Student Housing

USA 2002 UK 2003 AUSTRALIA 2013

1.2 Student Housing Market in UK, USA and Australia

Mumbai University has emerged as a favorite destination for international undergraduate

To understand the student housing viability in Kurla.

2.2 Data Collection

2.3 Sample Area

The sample area was:

1. Baluben and Jagjivan Mulji Women Hostel. (Kurla)

2. Somaiya Hostel. (Vidyavihar)

3. Shri Virji Ladha Hostel. (Ghatkopar)

4. Swami Vivekananda Hostel. (Chembur)

5. United Jain Hostel. (Sion)

6. Sydenham college. (Churchgate)

8. Sp Jain college. ( BKC)

9. Rizvi college. (Bandra)

10. MET college. (Bandra)

11. Chetna college. (Bandra)

12. Welingkar college. (Matunga)

2.4 Sample Size

Q.2. In which areas do you currently live?

Q.3. Which program have you enrolled in?

Q.6. What basic facilities and amenities are provided to you?

Q.11. Any Other Facilities Required?

As per the above data analysis we can draw a conclusion that:

38% of student preferred to live in a triple sharing room.

100% of student required food facility in their hostel.

53% of student preferred to have a rent in the range of Rs 5001 to Rs 9999.

JLL Annual report 2016-2017

IJIFR Annual Report 2015-2016

Eduvisors Annual Report 2015-2016

Cushman and Wakefield UK Annual Report 2015-2016

JLL Global Report

Business line News article (2015)

Money control News article (2015)

Times of India News article (2016)

1) Your Gender and age?

Male Female Age__________________

2) In which area do you currently live?

3) Which program have you enrolled in?

Undergraduates. Postgraduates. Specify program_______________

4) What type of accommodation you are living in?

Own House. Hostel. Paying Guest. Rental Accommodation.

Zero One Two Three or more than three Not Applicable

Security Facility. Laundry service. TV.

Wi-Fi Facility. Cupboard. AC Rooms.

Not Applicable. Any others _____________________________

Rs 5000. Rs 5001 to Rs 9999. Rs10000 to Rs14999.

Rs 15000 to Rs 19999. Over Rs 20000. Not paying rent.

8) How far is your college from your accommodation?

Poor. Fair. Good. Excellent. Not Applicable.

Single bed accommodation in a room.

Double bed accommodation in a room.

Triple bed accommodation in a room.

More than Triple bed accommodation in a room.

Security Facility. Laundry service. TV.

Any others _________________________________

13) If yes, then what food facility would you prefer?