New Delhi, Sep 26 (IANS) Inventory or the number of beds in the student housing segment is likely to grow at the compound annual growth rate (CAGR) of 36 per cent during 2019-2023, according to a report on Thursday.
“Tapping this gap, the top 30 players in the student housing/co-living space offered over 2,50,000 beds as of August,” said a joint report by the real estate consultancy firm CBRE and the Student Accommodation Provider Association of India (SAPFI).
As per the report, the current stock is spread across several tier I and II cities.
Over $700 million investment has been committed in the student housing/co-living segment by firms, like Warburg Pincus, Sequoia Capital, Goldman Sachs and HDFC.
But the changing expectations of students and increase in competition were likely to affect the market price for assets and drive up the rents, it said.
“As the rental housing market in India remains unorganised and opaque, quality and trust issues are top challenges that both landlords and tenants face,” it said.
–IANS
rrb/pcj