The demand for private hostels in the metropolis has increased. Unemployed candidates from rural and urban areas are queuing up for the city with the announcement of the government jobs by CM KCR. This has increased the demand for rooms in hostels in areas where coaching centers are located.
As a result, hostel owners and managers are increasing rooms and mess charges by 20 to 30 percent. Unemployed candidates coming to the city from rural areas to prepare for various competitive exams tend to stay in hostels rather than rental rooms. There are over two and a half thousand ordinary, luxury, and deluxe hostels in the city of Hyderabad. They charge a minimum of Rs 5,000 to Rs 12,000 per month for accommodation.
Some hostels are also affiliated with educational institutions and commercial complexes. Hostels are run for at least 50 to 150 people. RTC Cross Road, Jawahar Nagar, Ashoknagar, Chikkadpally, Himayatnagar, Ameerpet, Panjagutta, Sanjeevareddinagar, Yellareddyguda, Vengalarao Nagar along with KPHB Colony, Kukatpally, Gachibowli, Madhapur, Dilsukhnagar, LB Nagar, Malakpet, etc.
Private hostels have been closed for the past two years in the wake of the COVID. With this jobs announcement, there is a surge in the demand all of a sudden. Along with this, IT companies are also calling their staff to offices. The trend has started and we will see most offices opening in a month or two. Then, the demand will increase from the other side as well.