Curated Living Solutions Partners with BNMV Trust for 10-Year Lease on Student Living Project in Mumbai
Real estate consultant JLL facilitated the collaboration between CLSPL and BNMV Trust for a 10-year lease on a student living project in Mumbai’s Juhu area.
Student HousingMumbaiJuhuCurated Living SolutionsBnmv TrustJllReal Estate MumbaiAug 28, 2024
Located on Gulmohar Road, Juhu, the student housing facility is expected to meet the demand for student housing around educational institutions such as NMIMS and Mithibai College. CLSPL has expertise in designing, developing, and operating student housing accommodations and will operate this girls' hostel.
The market is predominantly surrounded by unorganised PG assets. The newly built girls-only hostel will have 325 beds and addresses the challenges faced by female students in finding affordable, safe, and comfortable accommodations near their educational institutions.
Jaikishan Challa, founder and CEO of CLSPL said, “The Ivy League House, Juhu-Vile Parle, is a testament to our commitment to providing exceptional student housing. This landmark deal signifies a new era of off-campus student living, not only in JVPD, Vile Parle but across the country.\
Frequently Asked Questions
What is the location of the student housing facility?
The student housing facility is located on Gulmohar Road, Juhu, Mumbai.
How many beds does the girls' hostel have?
The girls' hostel has 325 beds.
What is the expected demand for student housing in the area?
The demand for student housing is expected to be high due to the presence of educational institutions such as NMIMS and Mithibai College.
What is the growth rate of student housing rentals in the post-pandemic period?
The growth rate of student housing rentals is 10-15% per annum in the post-pandemic period.
What is the deficit of student housing beds in the market?
The deficit of student housing beds in the market is over 7 million.
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