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India's student housing market expected to expand as demand rises

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

The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.
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“I expect student housing to grow by 20-30 per cent annually, if not more, for at least the next decade,” said Sunny Garg, co-founder and chief executive officer (CEO) of Crib, a property technology platform. (Representative Image)

Prachi Pisal Mumbai

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India’s student housing market is set to grow as demand rises in education hubs where millions of young people need hostel and rental accommodation, according to experts.
 
“According to various market reports, the Indian student housing market is estimated to reach approximately $780.5 million by 2030 with a CAGR (compound annual growth rate) of 6.6 per cent from 2025 onwards,” said Santhosh Kumar, vice-chairman, Anarock Group, a real estate consultancy.
 
“I expect student housing to grow by 20-30 per cent annually, if not more, for at least the next decade,” said Sunny Garg, co-founder and chief executive officer (CEO) of