India Student Accommodation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

India Student Accommodation Market report is segmented by service type (Wi-Fi, laundry, utilities, dishwashers, parking) and by type (PG, PBSA, studio apartment, living in on-campus housing, living in off-campus housing). The report offers market sizes and forecasts for the Indian student accommodation market in USD for all the above segments.

India Student Accommodation Market Size

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India Student Accommodation Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 7.20 %
Market Concentration Medium

Major Players

India Student Accommodation Market Major Players

*Disclaimer: Major Players sorted in no particular order


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India Student Accommodation Market Analysis

India's student accommodation market has generated revenue of USD 30.1 million in the current year and is poised to register a CAGR of 7.2% for the forecast period.

In the aftermath of the COVID-19 pandemic, there were a number of positive developments in the market, such as the lifting of restrictions on flights and travel, the removal of quarantine measures, restaurant re-opening, the introduction of indoor and outdoor activities, and the re-establishment of the overall halt, resulting in a post-COVID-19 boom. Student housing rentals have seen a steady increase in the post-pandemic period, with an annual growth rate of 10-15%. This confirms the increasing demand for student housing. Furthermore, the number of students enrolled in higher education is expected to rise to 92 million in 2036, providing investors and developers with an opportunity to capitalize on the sector's untapped potential and immense growth potential. It is expected that new players and potential international investors will enter the market.

The Indian education sector has experienced rapid growth in recent years, increasing student numbers and policy shifts. As a result, the need for an adequate amount of high-quality accommodation is on the rise. The changing microeconomic landscape, the ongoing transformation of the Indian educational sector, and a demand-driven, accommodation-centric gap between supply and demand have caused investors to shift their focus away from traditional real estate assets and towards alternative asset classes. Student housing in India is one such asset class. The concept of independent student accommodation is still relatively new in India; however, its advantages in terms of cost, convenience, in-room amenities, and nearness to educational institutions have led to its emergence as a distinct sub-category in the Indian property market. Furthermore, professionally managed student accommodation not only provides a sense of security and safety but also encourages social interaction among students.

India has been witnessing a steady rise in the number of international and domestic students, which has led to an increase in the demand for residential student accommodation. Cities with well-known universities have been particularly receptive to this trend. The student accommodation options available in the region range from traditional dormitory accommodation, purpose-built Student Housing (PBSA), and private apartments to homestays and more. PBSA is becoming increasingly popular due to its convenient amenities and services designed specifically for students.

India Student Accommodation Market Trends

Urbanization Helping to Grow the Market

The rapid growth of cities has necessitated the establishment of higher education institutions, such as universities and colleges, in urban areas. As a result, the demand for student accommodation in urban areas has increased significantly. Students are seeking accommodations that provide a superior standard of living, including modern amenities, safety, and amenities such as gymnasiums, communal areas, and study lounges. The prospect of steady rental income and a high occupancy rate has enticed considerable investment into the student accommodation industry by institutional investors and property developers.

India Student Accommodation Market: India: Degree of Urbanization, 2020-2022

Higher Education Enrolment Booming the Market

Currently, there are more than 40,000 international students enrolled in Indian colleges from 164 countries. Furthermore, the government launched a "Study in India" campaign in 2018 to provide premium education services to international students at competitive prices. This campaign is expected to attract approximately 2,000,000 students in India by 2026. The influx of students into the higher education sector has had a significant impact on the student accommodation market. This is true both domestically and internationally. In the case of international education, the majority of students travel for their studies, which has led to a significant increase in the demand for Purpose Built Student Accommodation (PBSA). PBSA and other housing solutions are available in close proximity to universities and colleges. As tuition fees increase, students are increasingly willing to split the cost of accommodation by living in Group Housing or PBSA.

India Student Accommodation Market: Estimated number of students enrolled in higher education, In India, FY2020-FY2035

India Student Accommodation Industry Overview

The report covers major players operating in the Indian student accommodation market. In terms of market share, Currently, there are several operators in the sector, all of which are expanding their presence in India. However, with a rising influx of students and a growing education sector, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into tie-ups with universities. Some major players are OYO Life, NestAway, Zolo Stays, Stanza Living, CoHo, etc.

India Student Accommodation Market Leaders

  1. OYO Life

  2. NestAway

  3. Zolo Stays

  4. Stanza Living

  5. CoHo

*Disclaimer: Major Players sorted in no particular order

India Student Accommodation Market Concentration
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India Student Accommodation Market News

April 2023: Zolostays Limited, the largest provider of co-housing and student-housing services in India, has ventured into the luxury hotels segment. Zolostays has unveiled its first luxury hotel located in the Bellandur locality of Bengaluru, India. This locality is home to several prominent tech parks, including Embassy Tech Village (EMCZ), RMZ EcoWorld (Cessna Tech Park), and prominent companies such as Adobe Corporation, Myntra, LinkedIn, etc.

April 2022: Stanza Living established a business vertical for integrated facility management for colleges and corporates in India, with a planned investment of approximately INR 15 crore (USD 1799550) to expand the segment. Establishing a portfolio of hostel beds with an initial capacity of approximately 10,000, Stanza Living partnered with a variety of engineering and management institutions, such as JECRC, Presidency, and GM Institutes of Technology, to provide students returning after the COVID-19 pandemic with a top-notch, clean and technologically enabled campus experience.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growth of Education Sector

      2. 4.2.2 Rising Demand for Quality Accomodation

    3. 4.3 Market Restraints

      1. 4.3.1 Enrolment Fluctuations

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Insights on Current Trends and Innovations in the Market

    6. 4.6 Impact of COVID-19 on the Market


    1. 5.1 By Service Type

      1. 5.1.1 Wi-Fi

      2. 5.1.2 Laundry

      3. 5.1.3 Utilities

      4. 5.1.4 Dishwasher

      5. 5.1.5 Parking

    2. 5.2 By Type

      1. 5.2.1 PG

      2. 5.2.2 PBSA

      3. 5.2.3 Studio Apartment

      4. 5.2.4 Live in On-Campus Housing

      5. 5.2.5 Live in Off-Campus Housing


    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 OYO Life

      2. 6.2.2 NestAway

      3. 6.2.3 Zolo Stays

      4. 6.2.4 Stanza Living

      5. 6.2.5 CoHo

      6. 6.2.6 Placio

      7. 6.2.7 Your-Space

      8. 6.2.8 StayAbode

      9. 6.2.9 Weroom*

    3. *List Not Exhaustive


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India Student Accommodation Industry Segmentation

Student accommodation is a type of residence students use in the university environment. It is the place where students consume meals, study, and complete all-night sessions to prepare for their examinations, and it is also the place where they will remain after completing their studies.

India's student accommodation market is segmented by service type (Wi-Fi, laundry, utilities, dishwashers, parking) and by type (PG, PBSA, studio apartment, living in on-campus housing, living in off-campus housing).

The report offers market sizes and forecasts for the Indian student accommodation market in USD for all the above segments.

By Service Type
By Type
Studio Apartment
Live in On-Campus Housing
Live in Off-Campus Housing
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Frequently Asked Questions

The India Student Accommodation Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)

OYO Life, NestAway, Zolo Stays, Stanza Living and CoHo are the major companies operating in the India Student Accommodation Market.

The report covers the India Student Accommodation Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Student Accommodation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Student Accommodation Industry Report

Statistics for the 2024 India Student Accommodation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Student Accommodation analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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India Student Accommodation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)