The demand for student housing is expected to see a rapid growth in India and real estate firms should tap opportunity in this segment to beat current slowdown in the residential market, according to JLL India.
The consultant advised builders to convert their under- construction housing projects into student housing, which has immense scope to be developed as an asset class for real estate companies.
Real estate sector, especially the housing segment, is facing a multi-year slowdown due to low demand because of high prices and significant delays in project completion. Housing sales have been further impacted by the demonetisation move.
“The demand for student housing in India will continue unabated and in fact grow rapidly, so this is an alternative real estate segment that has all the hallmarks of becoming a revolutionary new product in Indian realty,” said Subhankar Mitra, Local Director, Strategic Consulting, JLL India.
Read more: Business Today
