Startups Fuel The Indian Student Housing Movement
- PE players put only USD 60 mn into student housing in last 2 years; segment could see more interest in next 1-2 yrs
- Insufficient developer participation despite opportunity to diversify residential portfolios
- Sector still nascent and fragmented; top 10 student housing players together operate >75,000 beds across cities
- Cities with max. student housing demand are Bengaluru, Pune, Mumbai, Gurgaon, Hyderabad & Chennai, smaller towns include Kota, Dehradun, Coimbatore, Lucknow & Jaipur
Anuj Puri, Chairman - ANAROCK Property Consultants
Fresh and wholesome meals, Wi-fi, housekeeping and laundry services, app-enabled living in an air-conditioned environment. Welcome to the world of purpose-built student accommodation (PBSA), or housing specifically built for students.
An alternative to ubiquitous hostels and paying guest (PG) accommodation, student housing offers an environment and services that align with the needs of today’s students.
With every passing year, this upcoming housing segment is gaining ground among start-ups who want to expand the number of beds across India. Despite this increased focus, PBSA has still not caught on with real estate developers despite being a lucrative alternate real estate asset class.
India's lacklustre response to student housing stands in sharp contrast to trends in countries like the UK, US and Australia, where it is an evolved and profitable real estate segment.
Read the article here: Startups Fuel The Indian Student Housing Movement