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Is student housing Indian real estate’s next big segment?

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Is student housing Indian real estate’s next big segment?

Last updated: July 9 2019
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  • Is student housing Indian real estate’s next big segment?

    What is the potential of student housing in Indian real estate? I mean in cities that have education hubs and all?
    Last edited January 22 2019, 01:50 PM.
  • #2

    #2

    Re : Is student housing Indian real estate’s next big segment?

    mmalhot Well, the number of students enrolling for higher education in and around the country has grown a lot and cities have been seeing a surge of students seeking accommodation. It has been growing at a rate of 9% annually. Peers believe that it could be a big segment in the time that follows.
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    • #3

      #3

      Re : Is student housing Indian real estate’s next big segment?

      In the last couple of years the number of students moving to different cities has been on the rise. There are few good hostels and all and hence the concept of student housing. After all, the young ones are an important aspect in today's world and also in real estate.

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      • #4

        #4

        Re : Is student housing Indian real estate’s next big segment?

        Thanks Malvish and movedin What about hostels and such accommodation? There must be plenty around I guess.

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        • #5

          #5

          Re : Is student housing Indian real estate’s next big segment?

          Yes, there are hostels but they are unorganised and don't follow a standard code. Students don't want to get into the trouble of renting apartments all for themselves and bear with all the formalities that keep them engaged from time to time. It is such need that is witnessing a rise in student housing and the new concept of co-living spaces.
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          • #6

            #6

            Re : Is student housing Indian real estate’s next big segment?

            Student Housing in places like Kota in Rajasthan, Karol Bagh in Delhi, pockets of Pune, Hyderabad and many, many other places is big business & many facilities are quite organized and many hostel facilities in some places is offering 5 star hostels. Many cities have student Housing facilities for students in small localized areas and has a mix of organized & unorganized players.

            Mostly small scale local Builders and local house owners are active in this sector and big players are still missing from action here .
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            • #7

              #7

              Re : Is student housing Indian real estate’s next big segment?

              I know that there is need for housing for students but is it even to such a huge scale to be looked upon as a segment. We are talking about rentals, right?

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              • #8

                #8

                Re : Is student housing Indian real estate’s next big segment?

                puretalk Yes, we are talking about rentals. And talking about the need for such housing, as per research, more than 36.6 million students have enrolled for higher education and more than 75% of those have to live outside their homes, in far away places. That explains the need for student housing in the country.
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                • #9

                  #9

                  Re : Is student housing Indian real estate’s next big segment?

                  Stanza Living eyes 50x growth in inventory in three years

                  The company’s co-founder Sandeep Dalmia, earlier associated with Goldman Sachs and Boston Consulting Group, expects the company to add at least 10 more cities to its portfolio this year.Kailash Babar | ET Bureau | January 26, 2019, 11:30 IST




                  Student co-living start-up Stanza Living is looking to expand its inventory to 1 lakh beds over the next 3 years across key property markets in India from the current 2,000 beds in five micro-markets of Delhi-National Capital Region (NCR) alone.

                  The company’s co-founder Sandeep Dalmia, earlier associated with Goldman Sachs and Boston Consulting Group, expects the company to add at least 10 more cities to its portfolio this year.

                  The Delhi-based start-up, which has raised a total of $12 million so far from Sequoia Capital, Accel Partners and Matrix Partners, is set to launch operations in Bengaluru, Hyderabad, Chennai, Pune and Ahmedabad markets.

                  Apart from eyeing nearly 50 times growth in its inventory in three years, the Delhi-based student co-living start-up is also expecting to turn profitable over the next year.

                  “We are already about to launch operations in Bangalore, Hyderabad, Chennai, Pune and Ahmedabad, and are also exploring a few other cities. So, we would be adding at least 10 more cities this year,” Dalmia told ET.

                  Stanza’s catchment areas are the education hubs in India where there is a high demand for student housing. Stanza prefers operating on long-term leases with landlords as it also invests substantial amounts of capital to transform and refurbish the assets to match international quality student residences.

                  “We also offer a range of value-added services like professional developments programs, events and activities, partnerships with local shops, restaurants, etc., which are then available to the students who are part of the Stanza community,” said Anindya Dutta, co-founder of Stanza Living.

                  According to industry reports, with an 11 million migratory student population, India’s student housing market is expected to be a $45 billion market by 2025. Interestingly, the student co-living market in India is much bigger than the larger co-living market which is pegged at around $10 billion.

                  “There was always this gap between demand and supply. Traditionally it has been a highly unorganised market with shoddy semi-furnished rooms on offer whereas what we bring to the market is quality living,” Anindya said.

                  The company believes the total funds raised worth $12 million so far ae likely to be sufficient for it to support its planned growth over the next 2-3 years. According to Anindya, while all the properties are profitable at unit level in the company’s third year of operation, the company expects to turn profitable at a corporate level in the next 12 months.

                  Since its inception in April 2017, Stanza Living has received two rounds of funding with the first round of $2 million in late 2017 from Matrix and Accel Partners. In the second round of funding, it raised $10 million in September 2018 led by Sequoia Capital with participation from existing investors Matrix and Accel Partners.

                  The company has grown from 100-bed in one micro-market last year to over 2,000 beds in five micro-markets in NCR. It is a tech-enabled student housing concept that offers organized serviced-housing to students, to begin with NCR, by transforming them into an experience product, in line with evolved hospitality sectors like serviced apartment and hotels.









                  https://realty.economictimes.indiati...years/67700668


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                  • #10

                    #10

                    Re : Is student housing Indian real estate’s next big segment?

                    As per one research, there is a huge demand of more than 10 million beds to accommodate students across major Indian cities.
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