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  Business   In Other News  08 Jun 2019  Student housing a $50 billion market

Student housing a $50 billion market

THE ASIAN AGE. | RAVI RANJAN PRASAD
Published : Jun 8, 2019, 1:41 am IST
Updated : Jun 8, 2019, 1:41 am IST

Only 20 per cent of the current demand is met by university operated supply.

The student housing market in India is driven by a large volume of private owners with relatively small portfolios of off-campus hostels.
 The student housing market in India is driven by a large volume of private owners with relatively small portfolios of off-campus hostels.

Mumbai: Investments in student accommodation properties in India has huge potential and it reached $100 million in 2018 and is set to grow manifold and a $50 billion opportunity for domestic and international investors, according to a report.

Current demand for student accommodation across India totals more than 8 million bed spaces and is expected to grow at a rate of around 8 per cent each year to reach 13 million beds by 2025 according to the Global Student Property 2019 Report by Knight Frank.

Only 20 per cent of the current demand is met by university operated supply. The student housing market in India is driven by a large volume of private owners with relatively small portfolios of off-campus hostels.

There is currently a potential to deliver 6 million student accomodation bed spaces on green field land located in proximity to universities, while a further 2 million can be delivered on brown field land, Knight Frank said.

"The forecast is highly promising and is likely to offer investment opportunities in this alternate asset class for domestic and international investors," said Shishir Baijal, Chairman & Managing Director, Knight Frank India.

Tags: student accommodation, global student property