Real estate consultancy Knight Frank, in a report, said that the current demand for Purpose Built Student Accommodation (PBSA) totals more than eight million bed spaces in India. This could grow to 13 million beds by 2025. Around $100 million was invested into the Indian PBSA market in 2018. Not just student accommodation, even the market for working professionals is rising. This world, in non-technical terms, is better known as co-living. The market is about two years old in India and is developing interesting nuances.
Business Today recently spoke to Deepak Anand, Founder and CEO of Housr, a company that is planning a 'mega communities model' or where every property will have about 500 residents. The start-up, founded by Anand and Kalpesh Mehta (Founder and Managing Partner, Tribeca Developers) has received investments at $30million pre-money valuation. Here's what Anand shared: