Coliving, Coworking & Student Housing Give 7-11% Higher Rental Yields- CII-ANAROCK Report

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Coliving , coworking and student housing have 7-11% higher rental yield than 3% national residential average
Top 6 coliving players currently have 1.18 lakh beds priced between INR 6,000 - 30,000/month
Domestic coworking operators currently present only in tier 1 cities, global players penetrating into tier 2 & 3 cities
13 prominent student housing brands now have 1.5 lakh beds across India
Data Centres with a potential of 10-14% rental yield drawing high investor interest; major players prefer Mumbai, Pune & Bengaluru

Senior housing growth primarily in top cities' outskirts & tier 2 & 3 cities like Bhiwadi (NCR), Neral (Mumbai), Talegaon (Pune), Devanahalli (Bengaluru), Mysuru & Coimbatore

Anuj Puri, Chairman - 2nd CII Real Estate Confluence & Chairman - ANAROCK Group said, "Coliving, student housing and coworking have rental yields of anywhere between 7-11% - a significant step-up from the 3% national average rental yield of traditional housing formats. Coliving, student housing and senior living are the next evolutionary step in the residential real estate domain, while coworking has evolved from traditional office real estate. The drivers behind this evolution are changing social dynamics, a highly enabled start-up environment, rising interest in higher education by migratory student populations, and the need for quality housing solutions for senior citizens."

Other Report Highlights
Senior living has immense potential in India largely because life expectancy has improved to 68.8 years in 2018. Moreover, the population aged above 60 years has already breached the 100 million mark
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