Bangalore as a prospect for new schools
Erocon School Consultants are turnkey consultants and turnkey architects for One the Biggest CBSE Day Schools in Bengaluru, Marigold International School. Our team since 2017 has undertaken over 10 Market Research reports covering areas such as Devanahalli, Kombalgodu, R.R Nagar, Mysore Road Catchments, Yelahanka, Electronic City, Bannerghatta, Jakkur, Gunjur, Sarjapur, Whitefield and Hanchipuram along with a total tally of 125 plus competition school details collected. After studying Bengaluru market extensively and rendering services to our clients for the past 3 years, a general overview of Bengaluru market is encouraging. Bengaluru (Bangalore) has expanded drastically and Bengaluru rural zones have seen major real estate movement along with population influx. These areas have become ideal for the families working in various IT hubs as developed across the city where they may find suitable residential options.
Bengaluru is a very mature market in terms of K-12 schools where all segments, all brands, offerings and best of infrastructure for various schools are available and parents are aware of the same. Best of Matriculation, PU Colleges, IB, IGCSE, ICSE and CBSE schools – both Day and Residential, are available for the parents where schools having fee structure of the range of Rs 40,000 – Rs 8,00,000 per annum exist. Within every 3-4 kms, the dynamics changes, catchment segment changes, competition school changes. Due to poor traffic management concerns, micro zoning of the areas has taken place which means parents are looking out for schools within shorter travel time span on account of availability and convenience of their wards. Hence the demand has been distributed where within every 3-4 kms, the complete demography, demand, segment and offerings change in the city. The mushrooming is primarily happening in the previously known Bengaluru Rural zones that have now become busy micro hubs of real estate housing all mid and upper mid income families. The success for Day School for new schools (as these areas being the only areas left for development of new school) lies again targeting the volume which rests with mid and upper mid income group. However, the threshold fee structure for Bengaluru city for the afore mentioned segment ranges from Rs 1,00,000 – Rs 2,00,000 per annum making it a very viable market. The only concern being real estate development does not guarantee immediate occupancy and availability of parents. Although it is beneficial to have a first mover advantage but for locations which has a bare minimum average volume addition trend of over 150-225 students. Otherwise the planning should be conservative in terms of saving capital investment on account of spending less of construction budget. Bengaluru as a city is showing exponential and immediate growth movement towards South Bengaluru, South West Bengaluru, North Bengaluru and North East Bengaluru.
If you are looking for the best school consultants in Bengaluru, then contact Erocon School Consultants that provides end to end solutions for School Set up Advisory Services along with Turnkey School Architecture services for CBSE, ICSE, IGCSE, IB schools for schools in Bengaluru. Due to our exposure to the Bengaluru market, we can provide the necessary required inputs to new promoters who are planning to open a new school project. Erocon School Consultants in Bengaluru understand the demography and market demand for various micro markets and associated market segments. We are aware of all the localities which have the potential for growth in the future scenario. Being the best school consultants to advise for new school projects in Bengaluru, we have done multiple market research and feasibility study for planning IB school, IGCSE school and CBSE school in Bengaluru.