Hostel (For Boys and Girls)
With the progressive development in the education system of the country more and more children are leaving their homes in search of admission in best schools in big cities as well as urban and rural industrial clusters. One of the main difficulties faced by such students is lack of safe and conveniently located accommodation.There has been an astronomical increase in the number of educational institutions established especially in the last four decades all over the world. This development has brought education to the doorstep of people. Consequently it has increased knowledge and helped produce a population of enlightened citizens who can easily abide by the rules of civilized society and contribute meaningfully to the process of democratic governance. The Government of India being concerned about the difficulties faced by students, introduced many grant-in- aid for construction of new/expansion of existing buildings for providing hostel facilities in cities, smaller towns and also in rural areas. The global hostels market is expected to grow from $4.37 billion in 2020 to $5.2 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The market is expected to reach $5.99 billion in 2025 at a CAGR of 4%.
NOTE- For this model project report, it has been considered that two different hostel buildings will be setup, i.e., one for boys’ accommodation and one for girls.