India rental housing market is expected
to grow at an impressive rate during the forecast period. The India rental
housing market is driven by the growing influx of migrants from non-metro
cities to metro cities for occupational and educational purposes. This has
drastically increased the demand for affordable rental spaces in the proximity
of the working spaces or educational institutions. This has also led to the
emergence of the concept of co-living. Additionally, increasing prices of land,
houses and flats especially in Tier 1 cities is further expected to propel the
market growth through FY2027. Furthermore, sometimes those who have the
resources and can afford houses or land do not get appropriate investment
opportunities, hence prefer living in a rented property, thereby fueling the
market growth.
The India rental housing market is
segmented based on type, property type, size of unit,
location, company, and region. Based on type,
the market can be split into standalone spaces and society based. Among these,
the society based segment is expected to dominate the market on account of
their affordability, accessibility to everyday necessities, security, proper
parking facilities, availability of other amenities like gymnasium, swimming
pool, among others. Based on location, the market can be split into metro and
non-metro. Here, the metro segment is expected to dominate the market owing to
the increasing working and student population in these cities who prefer to
live in a co-living space or rented apartments.
Major players operating in the India
rental housing market include Nestaway Technologies
Private Limited, Zolo Stays, ZiffyHomes, OYO Life, CoHo, Stanza Living Company,
Grexter, Housr Technologies Pvt Ltd, Stayabode Ventures Private Limited, SimplyGuest
and others. The companies are developing advanced technologies and
launching new products to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the
Study:
- To analyze and estimate the market size of India
rental housing market from FY2017 to FY2020.
- To estimate and forecast the market size of India
rental housing market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India rental housing market
based on type, property type, size of unit, location, company, and
regional distribution.
- To identify dominant region or segment in the India
rental housing market.
- To identify drivers and challenges for India rental
housing market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
rental housing market.
- To identify and analyze the profile of leading
players operating in India rental housing market.
- To identify key sustainable strategies adopted
by market players in India rental housing market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of providers across the country. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the providers, companies and presence of all major players
across the country.
TechSci Research calculated the market size of India rental housing market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Rental housing provider
companies, real estate dealers and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to rental housing
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as providers, dealers, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India rental
housing market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- India Rental Housing Market, By Type:
- Standalone Spaces
- Society Based
- India Rental Housing Market, By Product Type:
- Fully Furnished
- Semi-Furnished
- Unfurnished
- India Rental Housing Market, By Size of Unit:
- Up to 400 square feet
- 400-800 square feet
- Above 800 square feet
- India Rental Housing Market, By Location:
- India Rental Housing Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India rental housing market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India rental housing market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]