Summary

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 FY2021.
• To estimate and forecast the market size of India rental housing market from FY2022 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.
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:
o Standalone Spaces
o Society Based
• India Rental Housing Market, By Product Type:
o Fully Furnished
o Semi-Furnished
o Unfurnished
• India Rental Housing Market, By Size of Unit:
o Up to 400 square feet
o 400-800 square feet
o Above 800 square feet
• India Rental Housing Market, By Location:
o Metro
o Non-Metro
• India Rental Housing Market, By Region:
o North
o South
o East
o West
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).

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