NEW DELHI : Delhi-NCR, Bengaluru and Pune are the three biggest markets for student housing in the country, and these cities require an additional 4.75 lakh beds from organised co-living operators to meet the current demand,1 according to a report.
Cushman & Wakefield (C&W), in association with the Student Accommodation Providers Forum of India (SAPFI), on Wednesday released a report “Exploring the Student Housing Universe in India City Insights".
The report has identified education clusters in the cities of Bengaluru, Delhi-NCR and Pune, the three biggest markets for professionally managed student accommodation (PMSA) operators.
- 1. The report estimated 9.08 million migrant students in India, amounting to over 24% of 37 million total student enrolments in the country’s higher educational institutions (HEIs) for the year 2018-19. "Delhi-NCR with 7.45 lakh students enrolled in HEIs as of 2018-19 has 50% outstation students. There is demand for additional 2.5 lakh beds from PMSA operators," it said. Bengaluru has the highest number of HEIs in India with student enrolments estimated at 5.38 lakh. With 60% outstation students, additional demand currently stands at around 92,000 beds, the report said. In Pune, the report said student enrolment stood at nearly 4 lakh. With 60% outstation students, additional capacity requirements in PMSA segment is 1.33 lakh beds.