Experion Developers to pump $300 mn for student housing market
Real Estate

Experion Developers to pump $300 mn for student housing market

Realty developer Experion Developers will pump in $300 million in India’s student housing market as demand for co-living has improved following the Covid-19 disruption.

CEO and board member of Experion Developers, BK Malagi, told the media that they plan to open their first property in the next academic year, which would start in June 2022. They would go with an asset-heavy approach in which they hold and manage the property.

The Indian arm of Experion Holdings Pte Limited, Singapore, plans to reach 50,000 beds in two years. Its first property will open soon in Greater Noida with 750 bedrooms. Experion plans to follow it up with properties in Bengaluru, Hyderabad, Jalandhar, Pune and Mumbai.

Malagi told the media at the moment, the majority of co-living operators procure or lease existing buildings that were not developed with this segment's requirements in mind. But, they intend to build it for student housing or coliving.

The company is in talks with universities for partnerships in which it would develop and run a student housing facility on campuses.

Malagi said that there would be a combination of oncampus and off-campus facilities. They are in discussions with several colleges regarding campus facilities, and one of the largest, with 28,000 beds, might be built soon.

Image Source

Realty developer Experion Developers will pump in $300 million in India’s student housing market as demand for co-living has improved following the Covid-19 disruption. CEO and board member of Experion Developers, BK Malagi, told the media that they plan to open their first property in the next academic year, which would start in June 2022. They would go with an asset-heavy approach in which they hold and manage the property. The Indian arm of Experion Holdings Pte Limited, Singapore, plans to reach 50,000 beds in two years. Its first property will open soon in Greater Noida with 750 bedrooms. Experion plans to follow it up with properties in Bengaluru, Hyderabad, Jalandhar, Pune and Mumbai. Malagi told the media at the moment, the majority of co-living operators procure or lease existing buildings that were not developed with this segment's requirements in mind. But, they intend to build it for student housing or coliving. The company is in talks with universities for partnerships in which it would develop and run a student housing facility on campuses. Malagi said that there would be a combination of oncampus and off-campus facilities. They are in discussions with several colleges regarding campus facilities, and one of the largest, with 28,000 beds, might be built soon. Image Source

Next Story
Infrastructure Urban

Larsen & Toubro Secures Contract from Defence Ministry

The Ministry of Defence, Government of India, has awarded a significant contract to Larsen & Toubro (L&T) for supplying K9 Vajra-T Artillery Platforms to the Indian Army. As per the company's project classification, the contract is valued between Rs 50 billion and Rs 100 billion. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform, is an adaptation of the globally renowned South Korean K9 Thunder howitzer. It has been co-developed by L&T and Hanwha Aerospace to meet the Indian Army's specific operational needs across diverse terrains, including deserts, plains, and..

Next Story
Real Estate

Delhi-NCR Housing Market sees 25% Sales Growth

The Delhi-NCR property market has maintained its momentum during the December quarter, with housing sales and new supply estimated to grow by 25 per cent and 59 per cent, respectively, as reported by PropEquity. Data from the real estate analytics firm suggests that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this year, compared to 10,354 units in the corresponding period of the previous year. New supply in the region is expected to increase significantly, reaching 11,223 units, a 59 per cent rise from 7,072 units in the year-ago quarter..

Next Story
Infrastructure Urban

DDC Approves Five Key Projects Under Kasaragod Development Package

The District Development Committee (DDC) has approved a budget of Rs 100.08 million for five key projects under the Kasaragod Development Package. This funding is part of the Rs 700 million allocated in the State budget for the 2024-25 financial year, with administrative approval formally amended to incorporate these initiatives. The decision was made during a meeting chaired by District Collector K. Inbasekar on Saturday, December 21. The approved projects include Rs 40.99 million for constructing Udayapuram Thungal Road in Kottom Belur grama panchayat and Rs 20.56 million for setting up a ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000