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.
24
Sep 2026
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.
Source: Business Today
22
Sep 2026
IPOs & markets · Elevate Campuses
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.
Source: Value Research
20
Sep 2026
IPOs & markets · Elevate Campuses
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.
Source: 5paisa
21
Aug 2026
Market reports
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.
Source: Realty n More
20
Aug 2026
Market reports
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.
Source: Realty n More
27
Jul 2026
Expansion & launches · Union Living
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.
Source: The Realty Today
17
Jun 2026
Expansion & launches · Union Living
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.
Source: The Realty Today
09
Jun 2026
Market reports
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.
Source: GRI Institute
15
Jan 2026
Market reports · Stanza Living
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.
Source: Entrackr
10
Jan 2026
Market reports
India called a rising star in the PBSA market
GSL Global highlighted India as a long-term PBSA opportunity tied to its 2047 education roadmap, balanced by operational complexity.
Source: GSL Global
