New Delhi: Co-working, co-living and student housing are some real estate industry segments that have 7-11 percent higher rental yield than 3 percent national average.
The top six co-living players currently have 1.18 lakh beds priced between Rs 6,000-30,000 per month, according to a report by CII and ANAROCK.
“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 population, and the need for quality housing solutions for senior citizens,” said Anuj Puri, Chairman, Chairman – ANAROCK Group.
Senior living has great potential in the country as the life expectancy has gone up to 68.8 years in 2018. Senior citizen population has already gone beyond 100 million mark
Real estate companies are launching holistically dedicated senior citizen projects. They are also launching integrated townships with a proportion of units dedicated for senior citizens. These projects are thriving in tier 2 and 3 cities.
The report also says that for nearly 37 million students in the country, there are just 6.54 million hostel beds, representing little over 17.4 percent.