In two years the Indian arm of Experion Holdings Pvt. Ltd. Singapore, aims to reach 50,000 beds. With 750 bedrooms, Experion is going to launch its first property in Greater Noida. And after this, the organization plans to expand its properties in areas like Jalandhar, Hyderabad, Bengaluru, Pune and Mumbai.
A top official said that famous Real estate developer Experion Developers Ltd will invest $300 million in the country’s student housing market. The investment is accomplished as demand for co-living has recovered following the Covid-19 disruption. The first property is probably likely to be open by the next academic year.
CEO AND board member of Experion, BK Malagi said “We plan to open our first property in the next academic year, which will begin in June 2022.” He added, “We’ll go with an asset-heavy approach in which we own and operate the property.”
In two years the Indian arm of Experion Holdings Pte Ltd, Singapore aims to reach 50,000 beds. With 750 bedroom Experion is going to launch its first property in Greater Noida. And after this, the organization plans to expand its properties in areas like Jalandhar, Hyderabad, Bengaluru, Pune, and Mumbai.
Malagi said “At the moment, the majority of co-living operators acquire or lease existing buildings that were not built with this segment’s needs in mind,”
He added further, “However, we intend to build it for student housing or co-living.”
To provide students with all facilities the organization is partnering and discussing with various universities. It is agreed on to build and operate student housing facilities on campuses only. Malagi said, “There will be a combination of on-campus and off-campus facilities.”
“We are in talks with numerous colleges about campus facilities, and one of the largest, with 28,000 beds, might be completed shortly,” he said.