Student housing getting focus in the Indian realty market
Developers have come up with the student housing projects in the cities where universities of big repute exist. Some projects in Bengaluru, Pune and Mumbai are underway.
Sensing the demand for student housing that fulfils the requirements of a studying youth under one roof, Indian real estate developers have come up with the student housing projects in the cities where universities of big repute exist. Currently, some projects in Bengaluru, Pune and Mumbai are underway while some developers of Delhi-NCR are planning to launch their project in this regard.
Anindya Dutta and Sandeep Dalmia, Co-founders, Stanza Living said, "While exploring the viability of the concept in India, we recognized that the student housing sector, despite being a $15 billion industry, is largely unorganized in India, and the lack of quality infrastructure and personalized services is a significant gap area. A strong belief in the potential of this opportunity and stronger confidence in our ability to develop a solution that could cater to discerning aspirations and needs of students in India."
Giving details about the model and approach in student housing projects Co-founders of the Stanza Living said that professionally managed, tech-enabled student accommodation solution that reimagines student community living experiences. This is through our full-stack business model and hospitality-led approach which provides a holistic living environment.
Speaking on the added advantage for students in student housing Nabil Patel, Director - Sales, Marketing & Business Development at DB Realty said, "In terms of student housing, a substantial number of students want to travel in the pursuit of higher education & better opportunities forcing them to move out from their homes. As opposed to rentals, student housing becomes a go-to solution for the millennial providing better & more enhanced facilities." On the markets where they are targeting for traction in the student housing Nabil Patel of DB Realty said that Mumbai, Delhi, Bangalore and Pune have some eminent educational institutions & also the highest population with nuclear families. The demand for both student housing will be on a rise in these cities.