Experion to Invest $300M In Student Housing

Real estate developer Experion Developers Ltd will invest $300 million in the country’s student housing market as demand for co-living has recovered following the Covid-19 disruption. “We plan to open our first property in the next academic year, which will begin in June 2022,” said BK Malagi, CEO and board member of Experion Developers. “We’ll go with an asset heavy approach in which we own and operate the property.” The Indian arm of Experion Holdings Pte Ltd, Singapore aims to reach 50,000 beds in two years. Its first property will open soon in Greater Noida with 750 bedrooms. Experion plans to follow it up with properties in Jalandhar, Hyderabad, Bengaluru, Pune, and Mumbai.