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A recent study conducted by Colliers India reflects that the student housing sector is emerging to be a sought-after asset class, given the rising demand for quality student accommodation
The student relocation within the country currently stands at ~11 million and is expected to touch 31 million by 2036. Further, there are only 7.5 million student beds at on-campus accommodations pan-India, not enough to serve the current demand and far from being able to meet the projected future demand. There is immense potential for growth given this high demand-supply gap in the sector.
Furthermore, with student enrolment in higher education projected to cross 92 million by 2036, there are untapped opportunities for investors and developers and tremendous scope for the sector’s growth.
In 2018, for instance, coliving startups raised $55.4 million from investors compared with $9.3 million in all of 2017, according to Tracxn estimates. The funding raised by the sector more than doubled in 2019 to $132 million, only to drop sharply in 2020 to $66 million (Source: The Morning Context)
