Why BTR is the Future of Rental Housing in India?

Rental housing in India is one of the oldest business of the civilization, people have shared their space to profit out of it for a long time now. Over the period of time, people rented the free space in their premises then bought pre-built houses to rent or rented their old house after they shift. But now is the era of built-to-rent (BTR) where the houses are built to suit the preferences of the renter and the houses will only be used for residential renting and nothing else.

PROBLEMS:

National challenges
Urbanization India is a country with the second highest population in the world, currently about 1.4 billion, it's soon expected to have the highest number of millennial population in the world with the average age of the population ranging in early 30s. Indian cities contribute to only 3% of the nation's land but is home to one-third of the population. According to InvestIndia, 'Urbanization is increasing in India with 25-30 people moving to major Indian cities every minute'. Indian cities are preparing for the biggest human migration on the planet and is expected to accommodate 600 million people in its cities by 2030. Cities like Bangalore in India will have 25% more population and is anticipated to cope up with the increasing needs of the cities for the foreseeable future.
Though Indian cities are home to a minority population, they contribute to 2/3 of the nation's economic output. A total of 17 of the 20 fastest growing cities in the world between 2019 and 2035 will be Indian, an Oxford Economics report has said. The Indian middle-class population is expected to have a growth rate of 8.3% until 2030 doubling its middle-class population. So, the spending share (consumer spending) of the Indian middle class is expected to grow to 80% accounting to an additional $1 trillion in consumer spending by 2030. The Indian urban population is said to contribute about 75% of the total GDP of India by 2030.