Hyderabad, Aug. 4 -- By K. S. Arsh

The demand for rental accommodation in India is significant, with the market estimated to be worth 34.18 billion $ in 2023. Rented accommodations are vital for a large section of our populace who are not homeowners. According to the 2011 census, 13.4 % of India's population were living in rented accommodations. This figure is almost certain to have significantly increased since then, particularly so in cities with rising urbanisation and migration.

A crucial segment of the clientele for rented accommodations is students pursuing higher education. In 2021 there were 43.3 million students pursuing higher education in India. Unfortunately in terms of the number of rental households we have records only up...