Over the past ten years, Noida’s infrastructure has grown quickly. This is because Noida is a booming center for business and education. Noida used to be mostly known as a place for IT and business travelers, but now it’s becoming a major educational hub as more universities and other schools build centers in and around the city. People want to live near students more because of this growth, which is good for real estate owners, builders, and rental service providers. Due to new schools, more student housing are being built in Noida. This blog post talks about how this is changing the economy, real estate, and city planning.
The Growth of Noida's Universities and Other Institutions
An increasing number of schools have opened in Noida and the nearby areas, such as Greater Noida and the Yamuna Expressway. The building of well-known universities like Amity University, Shiv Nadar University, Galgotias University, and Sharda University has made Noida a popular place for students from India and other countries. Another thing that has helped Noida’s reputation as a center for education is the opening of new buildings for well-known schools like Bennett University and colleges backed by the government.
Noida is appealing to schools for several reasons, such as:
- Near Delhi NCR: Noida is close to Delhi, Gurgaon, and Ghaziabad, which makes it easy to get to. This brings in students from nearby states.
- Buildings and Links: Noida has great train links, expressways, and well-planned roads that make it easy for kids to get to and from school.
- Low Cost of Living: Renting houses in Noida is cheaper than in Delhi and Gurgaon, which is why students like it there.
Support from the government: The UP government and local officials have been working hard to make Noida a center for education by giving universities incentives and making public spaces better.
More people want to live in student housing
As the number of universities grows, so does the need for student housing. Not all of the new students can fit in the usual places to live, like college rooms and private PGs. New types of student living, such as purpose-built student accommodations (PBSA), shared flats, and places where people live together, came about because of this.
Places for young people to stay and rent
A lot of college students like living in university dorms because they are cheap and close to school. The rooms aren’t very many, though, so many students choose to stay in private PGs in Knowledge Park, Sector 125, and Sector 62. On the plus side, these PGs offer meals, safety, and Wi-Fi. However, they don’t always have current services or privacy.
Places for co-living
The idea of living with other people has become very popular among students in Noida, Stanza Living, and Your Space are all co-living places that offer fully furnished apartments with services like housekeeping, high-speed internet, recreation areas, and community events. These places are clean and safe, and they’re great for college students who just want to chill out with their friends.
Apartments that people rent and apartments that people share
Search for rental homes and shared flats if you want to live alone and have more space. A lot of students choose to rent 2BHK or 3BHK apartments and share them with friends, which saves them money. Because they are close to universities, sectors 137, 144, and 151 along the Noida Expressway have seen a rise in housing demand.
There are investment opportunities in the student housing market
Noida has become a good place for real estate buyers and developers to make money because of the growing number of students living there. Since student housing is an area that doesn’t go down during recession, there are a number of good places to invest in it, including
- PBSA stands for purpose-built student accommodation.These days, new buildings for student living are being made with modern features like study rooms, gyms, security, and fun areas.
- As the market for co-living for students expands rapidly, numerous new businesses are entering it to assist individuals in their shared living.
- They will assemble those seeking consistent rental revenue.
Buying homes close to colleges and leasing them to students is another smart investment strategy for income.
The market for student homes is having trouble
Even though demand is rising, the Noida student rental market has some problems to solve this year:
- Rules can be a problem for people who want to build student homes because of the laws and rules in the area.
- Middle-class students are still concerned about the expense even if there are more and more upscale co-living quarters.
Infrastructure Gaps: Some areas still lack sufficient parks, public transit, or safety elements, which would complicate student living there.
What's in store for long-term student housing in Noida?
Noida’s student rental market will likely grow even more over the next few years as more schools open and more students sign up.
The following trends in this field will shape the next few years:
- If smart housing, digital rent payments, and security systems run by AI are used to improve student apartments, it will be a better place to live.
- Green Building: To get kids who care about the environment, builders are adding green spaces, solar panels, and designs that are good for the environment.
- Many more short-term and flexible lease choices will be available, which will help students who need to find housing based on the semester.
Conclusion
The need for student living has grown a lot in Noida as the number of universities and other schools has grown. This has given investors, builders, and rental service companies new ways to make money. To meet the wants of all types of students, Noida’s student housing market is going through quick changes. It used to be mostly PGs, but now there are also new co-living spaces. Noida will soon be one of the best places in India for students to live if it keeps updating its buildings and technology and gets help from the government. Now, investing in student housing is a smart way to make money and move up in the real estate business.
