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Hostel (For Boys and Girls)

With the progressive development in the education system of the country more and more children are leaving their homes in search of admission in best schools in big cities as well as urban and rural industrial clusters. One of the main difficulties faced by such students is lack of safe and conveniently located accommodation.There has been an astronomical increase in the number of educational institutions established especially in the last four decades all over the world. This development has brought education to the doorstep of people. Consequently it has increased knowledge and helped produce a population of enlightened citizens who can easily abide by the rules of civilized society and contribute meaningfully to the process of democratic governance. The Government of India being concerned about the difficulties faced by students, introduced many grant-in- aid for construction of new/expansion of existing buildings for providing hostel facilities in cities, smaller towns and also in rural areas. The global hostels market is expected to grow from $4.37 billion in 2020 to $5.2 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The market is expected to reach $5.99 billion in 2025 at a CAGR of 4%. NOTE- For this model project report, it has been considered that two different hostel buildings will be setup, i.e., one for boys’ accommodation and one for girls.

layers background

Proposed Project HOSTEL (FOR BOYS AND GIRLS)

Capacity of the Plant/Unit (at 100% capacity utilization)

95

Year wise capacity utilization

Year

75%

Year

80%

Year

85%

Year

90%

Year

95%

Year

95%

Year

95%

Final Product

Accommodation for students

Infrastructure and Equipments Required

Land

Building

Employment Generation

2 Superintendent
2 Chief Warden
8 Warden
2 Resident Doctor
4 Other Medical Staff
6 Office Staff
2 Receptionist
2 Mess Manager
4 Cook
16 Other Staff (Kitchen)
10 Housekeeping Staff
10 Maintenance Staff
18 Security
2 Library-in-charge
10 Subject Teacher

Project Cost (subject to respective DPR) In Lakhs

Land (own)	-
Land Development Cost	5.00
Civil works and building (@1200/ft.)	660.00
Fixed Assets	355.16
Miscellaneous fixed Assets	29.00
DG Set	10.00
Escalation & Contingencies	52.96
Preliminary & Preoperative Expenses	72.70
Sub-total (A)	1184.82
Total Working Capital Required (B)	10.00
Total Project Cost	1194.82

Means of Finance In Lakhs

	Amount
Term Loan (60% of A)	710.89
WORKING CAPITAL (60% of B)	6.00
TOTAL LOAN	716.89
Equity	477.93
Total Funds Required	1194.82

Financial Benchmarks

	Year	Year	Year	Year	Year	Year	Year
Target Revenue	742.00	742.00	742.00	742.00	742.00	742.00	742.00
Break Even Point	72%	61%	57%	48%	45%	43%	43%
DSCR including Principal Repayment	2.24	2.40	2.72	3.00	3.41	3.54	3.72

Basic Assumptions

Power Rate Per Unit	8.5 Rs./Unit
Power Requirement	420524 Kwh per year
Interest Rate Assumed	8.50%
Repayment period	16 months Moratorium and 9 years’ repayment.

Others

Training Institutes	N.A.
Whether the service is inthe Negative list under NEIDS and MSME?	No

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