The SME lending market in India is worth almost $300 billion today and the digital finance segment constitutes 10% of it.
India’s southern Cities are booming with double speed than the northern cities, for better climate, Information technological boom, hitting the roof software companies and because of less pollution.
Hence business opportunities seem like flooding in these developing cities such as Chennai, Bangalore, Trivendrum and Mangalore etc.
The SME lending market in India is worth almost $300 billion today and the digital finance segment constitutes 10% of it. The northern region makes up about 35-38% of the total addressable market which is worth about $10 billion. The CAGR is expected to remain 17-20% for the next 5 years and post-demonetisation, it might even surpass 20%.
The IT boom has taken over the whole of southern area of India along with the renowned colleges and one can witness, the number of folks from all over the world, be it tourists or software engineers or retired army personals or students flooding in to these on everyday basis and making them swell.
If anyone wants to explore the business opportunities or have something unique in mind to develop, they must start packing their bags to witness their business growing right in fornt of their eyes.
Here is the list of business opportunities, Bengaluru offers to its budding entrepreneurs and businessmen:
1. Estate Agent Brokers:
Since the city is an IT hub, people from various parts of the world come to take up their job and they want places to stay, thus it is the Estate broker, whom they approach first, as soon as they land.
Being hub of colleges of all streams and specializations, even students too come for their studies as well as looking for job, thus for a broker it is a business, which will never go out of season.
2. Home cooked food delivery service:
Since these cities welcome people from every corner of the world, everybody has a different taste. In the fast track life, one cannot depend on restaurants for burgers and pizzas, people miss home cooked food, what can be better opportunity than this to grab for the cooks.
There is a huge demand for home cooked lunch boxes in colleges, hostels, offices, P.Gs and houses, where a bunch of youngsters liver together.
Moreover it will provide job opportunities for the local people as delivery boys.
3. Paying Guest Service:
The local people, who have their houses in the important areas of these cities, such as near the colleges or the IT firms, they can rent out some portions of the house to accommodate a family or young girls and boys and can earn money out of it.
This way one can take care of the house and earn a decent amount every month.
4. Grocery store with delivery service:
Stuck between the fast lives and never ending traffic jams, one hardly gets any time for his/her own.
Thus grocery store and delivery service is a good enough business, through which the majority of working class can place their order and get delivered in time, without dealing with the hour long traffic jams.
5. Daycare / playschools and child care:
The ambitious partners in a cosmopolitan cities finds it difficult to take time out for their child and with the growing competition, children are made to join either playschool or daycare as early as possible.
Moreover the forever growing tall apartments have popped out everywhere, leaving no space for playgrounds and parks for children.
Thus the daycare, childcare business is very much in demand.