Setting up a new School in Delhi – NCR

Erocon School Consultants have extensive know how of the general market scenario of Delhi and NCR Region comprising of Gurugram (Gurgaon), New Gurugram (New Gurgaon), Faridabad, New Faridabad, Noida, Noida Extension, Greater Noida and Ghaziabad. Delhi has become a saturated market where other than unavailability of land, no land allotments have been done for some time for development of new school in addition to stringent state norms. As an outcome, a mushrooming effect was observed where promoters interested for development of new school project to NCR regions such as Gurugram (Gurgaon), Noida, Greater Noida and Faridabad where in the past 2 decades majority of population influx has been observed along with multiple job opportunities being available that makes these locations favorable for people from all across the country. Delhi NCR is a major economic hub for the country having substantial contribution to the economy of our country. As a present scenario, Gurugram (Gurgaon), Noida and Faridabad have also become saturated with exorbitant land prices. The present movement is more towards Noida Extension, Greater Noida, New Gurugram (New Gurgaon) and New Faridabad where population influx is ongoing, job opportunities as available in the nearby region find suitable residential options. These areas primarily comprise of educated mid income and high mid income group. In addition to the same, land availability at achievable rates are possible for these locations that may ensure for favorable ROI given the catchment shall comprise of mid and upper mid income group which shall help new promoters to recover their investments which also includes cost of land.

 

In the coming decade, till 2030, these areas shall also get saturated considering the population influx and volume addition trend which shall lead to demand of schools being more than availability. Due to recession times and Covid19 concerns, fee structure is going to play a very important role in determining the future of a new school project in the coming 2-3 years. The threshold of fee shall range between Rs 6,000 per month to Rs 12,000 per month in terms of tuition fee and a total fee threshold in the range of Rs 80,000 – Rs 1,50,000. This is the range in which the opportunity, volume and minimization of risk lies for the areas as mentioned above. Out of the above-mentioned names, we find Noida Extension and New Faridabad to be the areas for upcoming growth and opportunity. With addition of International Airport at Jewar along with multiple upcoming SEZ areas, Noida Extension/Greater Noida happens to be the most upcoming zone where opportunity exists for multiple schools in the coming 10 -15 years.

If you are looking for the best school consultants in Delhi – NCR, 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 Delhi – NCR. Due to our exposure to the Delhi – NCR market, we can provide the necessary required inputs to new promoters who are planning to open a new school project. Erocon School Consultants in Delhi – NCR 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 Delhi – NCR, we have done multiple market research and feasibility study for planning IB school, IGCSE school and CBSE school in Delhi – NCR.