Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 05 2019

Student housing company PLACIO forays into co-living segment

The company has partnered with Kuwait-based Arabian Link for co-living, which will also be its first venture into the international markets.

Student housing company PLACIO forays into co-living segment

PLACIO, a student housing company, has forayed into co-living segment. The company has partnered with Kuwait-based Arabian Link for co-living, which will also be its first venture into the international markets.

Mustafa Shikora, Founder of Arabian Link, said, “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.”

PLACIO and Arabian Link will be jointly expanding in the Gulf Corporation Council (GCC) region including Qatar, United Arab Emirates (UAE), Oman and Bahrain. 

Rohit Pateria, Founder, PLACIO, stated, “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. Globally, the concept of co-living is cost effective, however in India it is still at a nascent and evolving stage.”

“Our partnership with Arabian Link is our first move to enter the global market and we are very much excited to deliver our best, globally too,” he added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Preschools
    About Us: PLUTOKIDS, the "Kids Planet", was set on it first..
    Locations looking for expansion Kolkata
    Establishment year 2009
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata Kolkata
  • Juices / Smoothies / Dairy Parlors
    About Us: Jugo Cafe started as Fresh Juice Outlet in major..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea And Coffee Chain
    About Us: CHAI CALLING is one the most renowned tea brands..
    Locations looking for expansion Uttar pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bareilly Uttar pradesh
  •   ABOUT DR. ROY’S IIIO Based in Nashik (Maharashtra), Dr. Roy’s Indian..
    Locations looking for expansion Maharashtra
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities