Idea For You Implement Nowâ â Affordable Dome PG living service â So guys, according to my research, in many Indian tier-1 cities like Bangalore, Mumbai, Delhi, Pune, and others, hotels, PGs, rooms, and other living spaces are highly expensive. This is the reason why most working professionals, students, laborers, and others are unable to afford comfortable spaces for long-term stays in tier-1 cities, especially since their salaries are often quite low, making it difficult to get good living accommodations and the combined market size of pg and room renting service in India is 26 Billon dollars and by 2030 it will reach 35 Billon dollars with the growth rate of 6%. Problems â âą High Pg/Room rent prices in Tier 1 cities âą High Sequrity diposit âą Uncomfortable Bed âą No Amenities and Accomodation âą Located far from working space âą High electric Bills âą No wifi âą No food âą No entertainment âą High Traveling cost âą No personalization There are hundreds of problems that nowadays working professional , students and many people's are facing in these Tier 1 cities. Solution â According to my analysis, we can easily solve this problem and build a successful business around it with proper planning. I propose a highly innovative and advanced model called â Dome Homes â These Dome Homes will be located near parks, unused land, home terraces, and other areas within a 1 km radius, strategically designed for optimal convenience Dome Home Facility â âą Inverter+ Battery operated 24Ă7 electricity âą Sharing Wifi connections âą 2 Times affordable food provided by our chef âą Highly Comfortable Bed âą Smart Lcd tv âą Working desk and chair âą Integrated bathroom and toilet âą Located near offices âą Design according to your requirement âą Zero Sequrity diposit âą Zero Noise Cooler âą 5K Rupees Monthly Rent Also that's just a basic model and we will provide more things according to demographics demands and research. How To Start This Dome Business â Firstly, you have two options: you can either locally manufacture it or directly import it from China, which will cost you around âč1 lakh per piece. In India, it will cost approximately âč70,000ââč80,000. Additionally, to start this, you will need to share some commissions with local authorities, such as the municipal corporation, and obtain a few licenses like a No Objection Certificate Revenue Model â âą Food â 4K âą Dome rent â 5K âą We will place 50 domes in initial phase âą Cost of 50 domes is â 50 Lakh âą Other cost like bed , tv , cooler , etc â 10 Lakh âą Total Monthly revenue from food â 2 Lakh âą Total monthly Revenue from Rent â 2.5 Lakh âą Total Revenue â 4.5 Lakh At the end of the day, we can generate around 20% net profit in the initial phases, which amounts to âč90K with highly strategic positioning and automation of all processes, we will scale this model globally, innovating extensively in this category. This approach can easily help us achieve revenue of âč200-300 crores.
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