The Impact of Coaching Centers on Kota's Real Estate Market
The realty market in Kota has seen a significant boost driven by the influx of students seeking coaching for IIT and medical entrance exams. These students, primarily from neighboring states, are creating a higher demand for 1 BHK and studio apartments.
Growing Demand for Rented Homes
While many students prefer living in hostels, a considerable number also opt for rented accommodations. Students who move with parents or guardians particularly seek 1 BHK or studio apartments.
Student Population in Kota
According to enrollment data from coaching centers, Kota hosts nearly 1.2 lakh students, which drives the demand for residential accommodations.
Developers Capitalize on the Trend
Local developers are taking advantage of this trend by launching projects that include more 1 BHK and studio apartments. Suwalka and Suwalka Group, for example, has several such projects under construction.
Investments in Infrastructure and Real Estate
The realty market in Kota is attracting substantial investments. Besides residential projects, developers are also constructing commercial spaces like shopping malls and educational institutions, all driven by the growing number of students.
Parents See Real Estate as an Investment
Parents of these students view buying property in Kota as a smart investment option. Even if they don’t plan to stay, they see the potential for selling once their children complete their coaching. Coaching center proprietors note that parents often inquire about single bedroom or studio apartments, ensuring their children have a safe and comfortable living environment.
Realty market in Kota is receiving huge investments. Along with the construction of coaching centers, the developers develop various residential and commercial projects including shopping malls.
Besides, there are many educational institutions under construction. All these investments, however, are dependent on the growing numbers of students.
Boost for Kota's Real Estate
In conclusion, the thriving coaching centers in Kota are a major driver of its real estate market, benefiting both developers and investors.