An Exclusive Listing Website For Coliving Spaces – Colivingindialistings
Coliving is the latest buzz word in the town as a lot of activities are happing around it. As per the latest finding by the CBRE, the growth in the sector has sparked investor interest and growing student demand alongside strong investor interest has resulted in a fast-growing, professionally managed student accommodation (PMSA) sector with greater market transparency. Colvingindialisting is the listing website for the coliving spaces and student hostels.
Student Housing and Coliving Spaces in India
India has witnessed tremendous improvement across the education industry and student enrollment across the country has increased by nearly 13% in the last five years.
Student enrolment across various higher education levels such as Ph.D., undergraduate, postgraduate, diploma, short term course, certificate courses, etc. has touched more than 36 million across the nation. All these enable the growth opportunity for the coliving spaces in the vicinity of the universities and colleges.
India’s higher education system is the world’s third-largest with respect to student enrollment, next only to China and the USA.
Consequently, increasing the number of migrant students to key education hubs has led to a steady demand for housing for the student population.
Student Accommodation Industry in India
A few years ago, the student accommodation industry in India was restricted to housing facilities within the universities or educational institutions. However, the increasing gap between on-campus housing supply and growing demand among students led to the emergence of boarding houses / PG accommodations in proximity to educational institutions.
However, most of these are largely unorganized in nature and do not offer much in terms of safety and ancillary services.
India is lauded as one of the youngest nations in the world and by 2030 will have nearly 140 million
people in the college-going age group. As the hostels on campus provide merely a small number of
the student population (and at most times lacking facilities), the student housing sector is witnessing
significant interest from operators and investors in this space.
More than USD 700 million have been committed as investments in the student housing/co-living sector by players such as Warburg Pincus, Sequoia Capital, Goldman Sachs, HDFC amongst others.
Educational hubs are fuelling demand for student housing Increased mobility among students and a growing number of private higher education institutions has led to the emergence of new educational hubs in the country. The rising influx of migrant students in a few states has created a strong demand for student accommodation, and the campus facilities at educational institutions are unable to cater to this demand.
Larger states such as Uttar Pradesh, Gujarat, Maharashtra, Karnataka, Rajasthan, Madhya Pradesh, Tamil Nadu, and Andhra Pradesh account for a major share in colleges across the country.
Most of these states have witnessed a steady pace of student enrolment in the last few years. Consequently, cities such as Bangalore, Jaipur, Hyderabad, Pune, Nagpur, and Mumbai housing prominent educational institutions have emerged as educational hubs.
Scope for the Student Housing and Co-living spaces
The market for this segment is at a nascent state, at present 30-35 (student accommodation industry and co-living have significant overlap)
- A limited number of hostel beds
- Poor quality of existing hostels / PG accommodations
- The unorganized rental housing market
Students and Bachelors Expectations?
- Modern lodging facilities
- Safety (especially for female students; several operators provide housing specifically for female students in safer locations)
- Ancillary services
Affordability, safety and flexibility to remain key to success; being located in mixed use developments can help cater to the live, work, play generation.
Few co-living startups, shared living spaces and hostels are doing great in this space. They provide well-equipped student accommodation and shared living spaces for the bachelors and working professionals. The market is very lucrative at this stage, to get into this business opportunity
Colivingindialistings is an exclusive platform for the student, hostels, co-living spaces, PGs and shared living spaces. The property owner can list their properties on this website free on cost. The students or bachelors or single working professionals can find the desired accommodation with ease on this website.
By looking at the need for specialized housing services to cater to the students’ and bachelor’s accommodation the coliving spaces will make huge impact in the near future. Colivingindilistings is making an effort to bridge the gap of property owners and occupants.