Student Housing Market

Student enrolment in higher education was 43.3 million in 2021-22, increasing 26.5 per cent from 34.2 million in 2014-15, according to data from the Ministry of Education

Indian students make up the second largest cohort of international students in Australia at 17% with just under 100,000 students after China at 22%

The all-cash transaction is the largest student-housing deal by the Blackstone Real Estate Income Trust.

"Apparently, Warburg was not happy with the way the JV had progressed in the last two-three years," said sources

The Goldman Sachs-backed company now has 18,000 beds across its tie ups with Manipal University, OP Jindal Global University and Shoolini University

With social distancing becoming a part of lifestyle in the post Covid-19 world, the student housing sector may witness a 15-20 per cent capacity reduction, according to advisory firm EY.

"They are also getting into warehousing, including for food, data, commodities etc. Warehousing is a big business now," Parekh also added

The purpose built student accommodation (PBSA) market in India is in its infancy, despite the country boasting one of the largest populations of undergraduate students in the world