A Study of the Evolution of the Real-Estate Flats and Apartment Rental System

The rapid urbanization and shifting demographics in modern society have led to an increasing demand for flats and apartment rentals. The enormous growth of this real estate sector has made necessary understanding of these systems, technologies, and challenges. This review paper explores the evolution of flats and apartment rental systems, highlighting the key developments in the field. It also reviews the current challenges faced by stakeholders, such as property owners, renters, and platform operators. This review combines the insights from various research papers, industry reports, and government publications to offer an overview of the current state of the flats and apartment rental sector. By identifying the key challenges and opportunities that lie ahead, this paper serves as a valuable resource for researchers, policymakers, and industry professionals. Our aim is to facilitate the development of strategies that promote fair and efficient practices in the flats and apartment rental domain. This also focuses on the college-going or bachelor students’ accommodation with a reasonable and budget-friendly housing facility.