NAREDCO in News
 
Media Room
 
Industry News
 
Articles
 
National Realty e-Magazine
 

Industry News

Select a year 


JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember                Back

 
Student housing company Placio announces foray into co-living
The Hindu Business Line  |  April 4, 2019

Our Bureau New Delhi

Arabian Link is a decade old co-living and corporate housing company in Kuwait

 

In a bid to expand, student housing company Placio on Wednesday announced its foray into co-living segment. Placio has partnered with Kuwait-based Arabian Link for co-living which will also be its first overseas venture, according to the company’s statement.

 

“The co-living segment, an emerging sector in real estate, has the potential to grow into a $93-billion market in India. In India, the co-living sector has total untapped demand of approximately 63 million beds, out of which 30 million is from student housing. This segment suffers from huge mismatch between demand and supply,” said Mustafa Shikora, Founder, Arabian Link.

 

Placio and Arabian Link shall jointly expand in the Gulf Corporation Council (GCC) region including Qatar, United Arab Emirates (UAE), Oman and Bahrain. Arabian Link is a decade old co-living and corporate housing company in Kuwait.

 

“After gaining rich experience in managing student housing operations and hospitality in India, our next move is towards the co-living segment that has huge potential globally,” said Rohit Pateria, Founder, Placio.