Why Students and Professionals Choose PGs Near AIIMS and Universities
Rajkot’s rise as an educational hub and smart city has boosted demand for PG accommodations near AIIMS Rajkot and major universities. This trend is driven by:
- Close to Institutions: Shorter commutes for students and interns.
- Shared Living: Cost-effective shared spaces.
- Amenities Nearby: Access to study groups, libraries, and retail.
- Professional Needs: Working professionals seeking short-term leases.
Students from Rajkot’s engineering and medical colleges lead the PG market, with areas like University Road and Kalawad Road seeing a lot of development.
Rental Charge Comparison: Area-Specific Analysis
| Location | Rent Range (Monthly) | Security Deposit | Key Features |
|---|---|---|---|
| AIIMS Vicinity | ₹8,000–15,000 | 2–3 Months Rent | Near hospitals, good transport links |
| University Area | ₹7,000–12,000 | 1–2 Months Rent | Close to campuses, cafes nearby |
| Gondal Road | ₹6,500–10,000 | Fixed ₹20,000–30,000 | Upcoming metro projects |
| Kalawad Road (Mid-City) | ₹5,000–8,000 | Adjustable Deposits | Affordable, less developed areas |
Prices reflect 2025 trends, impacted by rising rental forecasts and infrastructure upgrades in areas like Limda Chowk.
Security Deposit Patterns: Flexibility and Trends
- Deposit Practices Vary: PGs near AIIMS often ask for 2–3 months’ rent as deposits, while university areas usually set fixed amounts (e.g., ₹30,000) to reduce tenant turnover.
- Negotiability: Mid-city zones provide more flexibility in deposit terms for long-term tenants.
- Smart Deposits: New platforms offering digital security deposits with escrow services.
What 2025 Brings to the Market
- Tech-Integrated PGs: Rooms with Wi-Fi, biometric access, and app-based maintenance.
- Shared Living Spaces: Small units with shared kitchens/lounges are the first preference of students or professionals.
- Investment Appeal: Developers focusing on co-living formats in peripherals, using lower land costs.
- Rental Increases: Expected 3.5% rise in rents by mid-2025 due to supply shortages.
Investment Opportunities for Landlords
- Target MicroMarkets: Focus on Airport Road and Gondal Road for future-proof projects.
- Enhanced Services: Offer childcare, coworking spaces, and healthcare vending machines.
- Dynamic Pricing: Adjust rents based on seasonal demand (e.g., academic intake periods).
This changing landscape makes Rajkot a frontier market for institutional investors in student housing. As infrastructure improves and demand grows, strategic landlords can benefit from both short-term rental income and long-term capital gains.