The Shelter Desk
News on India's coliving, PG and student-housing market — funding, launches, IPOs, regulation and rent trends. Every story links to the original reporting.
IPOs & markets · Elevate Campuses
Elevate Campuses opens Rs 2,100 crore IPO
Student-housing owner-operator Elevate Campuses priced its fresh-issue IPO at Rs 343–362 a share; it reports 20,368 owned and 55,487 managed beds across 21 campuses.
24 Sep 2026 · Source: Business Today
IPOs & markets
Analysts split on Elevate Campuses IPO structure
22 Sep 2026 · Value Research
IPOs & markets
Elevate Campuses: owned-bed occupancy eased to 89% in FY26
20 Sep 2026 · 5paisa
Market reports
NOESIS report: 6.6 million beds of demand vs about 3 lakh organised
21 Aug 2026 · Realty n More
Market reports
Organised coliving projected to near 1 million beds by 2030
20 Aug 2026 · Realty n More
Funding & deals
More →Coliving funding rebounds after three-year slump
Financial Express reported that coliving startups raised about USD 81.7 million in 2025 year-to-date, roughly ten times the USD 8.44 million raised in 2024, with debt rounds also returning.
08 Dec 2025
IFC discloses equity investment in SP student housing platform
IFC disclosed a proposed equity investment in Invesdian, a new Indian student housing platform to be managed by SPIRE Investment Manager.
24 Nov 2025
Tribe Stays raises USD 2.8 mn seed round
Premium coliving brand Tribe Stays closed a USD 2.8 million seed round co-led by Artha Venture Fund and Riverwalk Holdings to expand its managed hostels for young India.
18 Nov 2025
Stanza Living raises USD 32 mn Series E
Stanza Living raised about USD 32 million in a Series E led by Accel with Motilal Oswal joining, to deepen its footprint across about 15 cities and invest in technology and new formats.
31 Oct 2025
Expansion & launches
More →Union Living takes Pune portfolio to 1,000 beds
Union Living launched two build-to-suit properties, Eden in Balewadi and X90 in Baner, and set a revenue target of about Rs 90 crore for FY27.
27 Jul 2026
Union Living adds 2,000+ beds across Mumbai, Pune, Ahmedabad
The bootstrapped operator added a 1,000-bed property in Baner, a 450-bed flagship in BKC, 200 beds in Kharghar and 250 more, targeting Rs 100 crore ARR in FY27 from Rs 45 crore in March 2026.
17 Jun 2026
Colive to add 10,000–12,000 beds via USD 100 mn platform
Colive, with Bain Capital and Sattva Group, plans built-to-suit coliving on 8–10 land parcels across Bengaluru, Pune and Hyderabad.
09 Sep 2025
Settl. opens four coliving centres in Bengaluru
Settl. set up four centres with 200+ beds in Bengaluru and said it would expand to Hyderabad, Chennai, Pune and Delhi-NCR.
10 Nov 2022
IPOs & markets
More →Elevate Campuses opens Rs 2,100 crore IPO
Student-housing owner-operator Elevate Campuses priced its fresh-issue IPO at Rs 343–362 a share; it reports 20,368 owned and 55,487 managed beds across 21 campuses.
24 Sep 2026
Analysts split on Elevate Campuses IPO structure
Value Research called the student-accommodation model real but flagged that over half the proceeds would fund acquisitions from promoter-linked entities.
22 Sep 2026
Elevate Campuses: owned-bed occupancy eased to 89% in FY26
Offer documents show occupancy in Elevate's owned portfolio fell from about 99.9% in FY24 to 89.4% in FY26, with the top three institutions contributing over 61% of revenue.
20 Sep 2026
Policy & regulation
More →Karnataka High Court lays down PG safety guidelines
The High Court issued guidelines on licensing, inspection, fire safety and privacy for Bengaluru PGs, barring CCTV in rooms and bathrooms.
10 Sep 2025
BBMP survey: 4,513 PGs, over 1,200 non-compliant
A BBMP survey found 2,193 authorised and 2,320 unauthorised PGs across eight zones, with 1,261 non-compliant and 21 shut.
30 Sep 2024
BBMP extends PG compliance deadline amid owner objections
The PG owners' association opposed the 70 sq ft per person and 90-day CCTV retention rules; BBMP extended the application deadline and signalled revisions.
18 Sep 2024
BBMP issues licensing guidelines for PGs
BBMP set rules for PG licences including CCTV at entry points with footage retention, minimum space per resident and food-safety norms.
10 Aug 2024
Market reports
More →NOESIS report: 6.6 million beds of demand vs about 3 lakh organised
A NOESIS Capital Advisors report put national coliving demand at roughly 6.6 million beds in 2025 against about 300,000 organised beds, a 22-fold gap; even with expansion, penetration may only cross 10% of a 9.1 million-bed demand pool.
21 Aug 2026
Organised coliving projected to near 1 million beds by 2030
Citing Colliers, industry players expect organised penetration to double from around 5% to over 10% by 2030, taking inventory close to one million beds as students and young professionals shift to managed rentals.
20 Aug 2026
India coliving market estimated at USD 1.5 bn in 2025
GRI Institute analysis pegs the market at about USD 1.5 billion in 2025, with demand concentrated in Bengaluru, Hyderabad and Pune and mid-market developers emerging as supply partners for operators.
09 Jun 2026
Stanza Living reports profit in FY25 filings
RoC filings show Stanza Living posted a profit of about Rs 130 crore in FY25 versus a Rs 273 crore loss a year earlier, aided by Rs 277 crore of other income; operating revenue fell 6.6% to Rs 545.5 crore.
15 Jan 2026
Operators
More →Zolostays moves group properties to Hotelogix
Zolostays adopted Hotelogix's cloud PMS to centrally manage its coliving, student housing and Z Vacations resort brands.
15 Mar 2025
Zolostays adopts AxisRooms channel manager
Zolostays, which runs 400+ accommodations across 10+ cities under Zolo Scholar, Zolostays and ZeAssetz, rolled out AxisRooms to distribute short-stay inventory on travel platforms.
21 Mar 2024
Union Living: 70% of revenue from student housing
A profile of Union Living noted 1,000+ operational beds in two cities, with student accommodation making up about 70% of revenue and plans to raise Rs 10 crore.
21 Feb 2024
Zolostays appoints Siddharth Kumar as CMO
Zolostays named Siddharth Kumar its Chief Marketing Officer and later relaunched its website and app with interactive search features.
02 May 2023