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<\/p>\nYou may think that owning property near an educational institute is not a fine idea, but it is a potential goldmine of excellent rentals if you convert the premises into a students\u2019 hostel. Though it is illegal to conduct commercial activities in residential areas, various hostels are operational in domestic zones, and their apparent look may not even give a slight idea of whether it\u2019s a student hostel or just another home in the lane. This tactic may not work in societies like DHA, Bahria Town or other cooperative residential communities, which are strict about their policies.<\/p>\n
The legal status of running students hostels in residential areas aside, the fact that these hostels are a source of massive and stress-free earning cannot be denied. In big cities, many people are into the business of running student hostels and charge each student from Rs 3,000 to Rs 10,000 per month, or even more depending on the location of the hostel, its proximity to educational institutes, bus stops and other amenities. Moreover, rental charge in a student accommodation also varies on the basis of the facilities provided, which may include availability of attached bathrooms, Wi-Fi, security, back-up power, and most importantly, food.<\/p>\n
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Though you need a hefty initial investment to set up a hostel, the return on this investment is likely to be quite delicious.\u00a0 And if you can\u2019t afford to invest, you can simply turn your home into a hostel and find yourself a rental accommodation in the neighborhood. The earning from a hostel is likely to be sufficient to allow you to pay rent for your accommodation and still save a good sum for your bread and butter, and make ends meet easily.<\/p>\n
So, what are your views on this aspect of real estate investment? Share your thoughts with us in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"
You may think that owning property near an educational institute is not a fine idea, but it is a potential goldmine of excellent rentals if you convert the premises into a students\u2019 hostel. Though it is illegal to conduct commercial activities in residential areas, various hostels are operational in domestic zones, and their apparent look may not even give a slight idea of whether it\u2019s a student hostel or just another home in the lane. This tactic may not work in societies like DHA, Bahria Town or other cooperative residential communities, which are strict about their policies. The legal status of running students hostels in residential areas aside, the fact that these hostels are a source of massive and stress-free earning cannot be denied. In big cities, many people are into the business of running student hostels and charge each student from Rs 3,000 to Rs 10,000 per month, or even more depending on the location of the hostel, its proximity to educational institutes, bus stops and other amenities. Moreover, rental charge in a student accommodation also varies on the basis of the facilities provided, which may include availability of attached bathrooms, Wi-Fi, security, back-up power, and most importantly, food.…<\/p>\n","protected":false},"author":14,"featured_media":8543,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11054],"tags":[282,281,237,264,33,283,285,284],"persona":[],"class_list":{"0":"post-8534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate-trends","8":"tag-hostel-rooms","9":"tag-hostels","10":"tag-investment","11":"tag-rates","12":"tag-real-estate","13":"tag-rents","14":"tag-student-accomodation","15":"tag-student-hostels","16":"cat-11054-id"},"acf":[],"yoast_head":"\n