Hotline: 1800 102 2007
X
Search Business Opportunities
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.

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.

Comment
image
Related opportunities
  • Gyms and Fitness Centres
    About Us: Started in Hyderabad, Core fitness station is the 1st..
    Locations looking for expansion Andhra pradesh
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Other Vocational Training
    About Us: Want to serve the world with innovative design with..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2005
    Franchising Launch Date 2007
    Investment size Rs. 5lac - 10lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Varanasi Uttar Pardesh
  • About US:  Founded in 1919 by the Vilgrain family, Delifrance today..
    Locations looking for expansion Delhi
    Establishment year 1983
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Courier & Delivery
    About US. World Health Care Mart is a leading Teleshopping..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities