Growing PG Business in Noida.
Report of PG's in Sector 19 and sector 15.
NOIDA:
Paying Guest accommodations have grown on a large scale in Noida, especially in
sector 19 and sector 15. They have also
became a major business in these areas.
With film
city and many offices of big companies nearby, people come from different
states to work here. These working class people are mostly students and office
people who cannot afford to buy houses. Therefore they need a place to stay
which is provided with pg in comfortable cost.
There are
more than 100 PG’s in sector 19. If you look at any street, you will find many
boards hanging with PG hoardings. People built small rooms and give it on
rental basis with sharing and earn huge profit with it.
We searched
some PG’s nearby and got to know that approximately one PG had 20 people living
in it and charged 8000 per month. However their total cost of running a PG is
only 60000 in a month, which means they get a profit of one lakh per month.
People have
also built rooms in many of their houses which they give on rent to earn an
extra income. This generally costs around 10000 per room excluding food an
electricity.
One of the cook
of a PG told us that the owners keep their price low in beginning and gradually
increase as they get more customers. This way it has became a source of income
to residents living in Noida sector 15 and sector19. It has also become a business
for many people and their main source of income.
They also
lure people with giving facilities like free WiFi and tv. WiFi is the most
important thing for youngsters these days and they always try to avail free
internet wherever possible so PG’s take advantage of this thing. PG however are
quiet safe and organized and good for students coming from outstation but the
cost and profit these paying guest accommodations earn is huge.
Cheers!
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