{"id":1261,"date":"2019-02-11T08:53:31","date_gmt":"2019-02-11T08:53:31","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1261"},"modified":"2021-06-04T14:05:34","modified_gmt":"2021-06-04T07:05:34","slug":"india-to-strike-gold-in-co-living-segment-survey","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/india-to-strike-gold-in-co-living-segment-survey\/","title":{"rendered":"India to strike gold in co-living segment: survey"},"content":{"rendered":"<p><strong>A $93-billion &#8216;goldmine&#8217; in the property industry still left unearthed, says property portal<\/strong><\/p>\n<figure id=\"attachment_1262\" aria-describedby=\"caption-attachment-1262\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1262\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/India-to-strike-gold-in-co-living-segment-survey.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/India-to-strike-gold-in-co-living-segment-survey.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/India-to-strike-gold-in-co-living-segment-survey-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/India-to-strike-gold-in-co-living-segment-survey-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1262\" class=\"wp-caption-text\">Students walk through the campus of a university in Nagpur, India. CRS Photo\/Shutterstock<\/figcaption><\/figure>\n<p>Co-living is a \u201creal estate goldmine\u201d just waiting to be tapped by key players in India, according to a recent report by Gurgaon-based property portal PropTiger.<\/p>\n<p>With a vast\u00a0underserved market of migrant college students and\u00a0working professionals, the segment has potential to grow into a USD93-billion market \u201cif the existing demand-supply mismatch is fixed\u201d, PropTiger reported.<\/p>\n<p>\u201cThe supply by organised players in co-living is currently limited to over one lakh beds. Assuming they earn INR1.44 lakh per annum per bed, organised players in this segment are currently generating a combined INR1,440 crore (USD206 million),\u201d the report said.<\/p>\n<p>Hostels in college campuses across India have a total occupancy of only 3.4 million students, leading to a demand-supply mismatch of 8.9 million students, a\u00a0survey by PropTiger revealed.<\/p>\n<p>\u201cThe co-living sector has total untapped demand of approximately 46.3 million beds, out of which 8.9 million is from student housing,\u201d the report said.<\/p>\n<p>Over 12.3 million students in 50,000 colleges across India are migrants.<\/p>\n<p>Co-living spaces are also seen to cater to India\u2019s estimated 37.4 million migrant professionals who earned up to IDR10 lakh in 2018 and completed their higher education between FY12 and FY16.<\/p>\n<p>The unorganised sector, which includes PG accommodation and rental houses, is currently meeting the deficit in co-living quarters, and opportunities await\u00a0developers.<\/p>\n<p>\u201cThrough innovation and tech, co-living players have created a completely new segment of rental market in India,\u201d Ankur Dhawan, chief investment officer at\u00a0PropTiger.com, said. \u201cThis market makes investment in rental housing attractive and gives investor options to focus beyond commercial office and retail spaces.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A $93-billion &#8216;goldmine&#8217; in the property industry still left unearthed, says property portal<\/p>\n","protected":false},"author":2,"featured_media":19787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India to strike gold in co-living segment: survey | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/india-to-strike-gold-in-co-living-segment-survey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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