Student housing sector worth $200 bn: JLL
While ownership of student housing has traditionally been dominated by developer-operators, increasingly, equity funds, sovereign wealth funds, pension funds, investment managers and REITs are entering the market.
Commenting on the report 'Student Housing- a new global asset class', JLL India Chairman and Country Head Anuj Puri said the student housing is one of the most vibrant Indian real estate markets in the foreseeable future.
"Dense student populations that exist around prominent colleges positively affect the demand for residential spaces as well as restaurants and small retail spaces. As such, educational institution lend value to a location," he added.
Puri said the country's top 10-15 corporate schools have plans to develop a total of 800-1000 schools over the next decade, aiming to deliver quality education to far-flung parts of the country.
"The corporate higher education industry is expected to build close to 10 million square feet of educational institution space over the next few years - and this not include the rapid expansion plans that are underway to build new IITs, IIMs, SPAs and other reputed educational institutions. The demand for the right kind of student housing that such a scenario presents can well be imagined," Puri said.
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