The New Indian Express, Jul 27, 2019
The company is advising its investors to increase their allocation and work simultaneously with property developers and operators to reap maximum yield.
By Arshad Khan
Express News Service
Betting big on the student accommodation segment, Sanctum Wealth Management is advising its investors to increase their allocation and work simultaneously with property developers and operators to reap maximum yield in the fast-growing segment which has recently caught the attention of firms such as Oyo, Stanza Living, etc.
“One of the areas in the housing sector with potential, which has done well overseas, is the area of co-living, co-working, student housing, etc. Not only does this solve the issue of huge unsold inventory but also gives a better rental yield at 8-10 per cent,” said Prateek Pant, head of products and solutions, Sanctum. The size of the market is huge since the study claims over 300 million millennials are set to join the workforce and over $50 billion in investment is required to develop student living areas.
“The important part here is to advice to develop suit units for a specific purpose. The size of student houses are around 200 square feet, which can be developed at a cost of Rs 25 lakh and give a rental in excess of Rs 20,000 per month (North Campus area),” Pant added. On Friday, the wealth management firm in association with Your-Space, a start-up which is into student housing, opened a 200-bed accommodation centre near the North Campus, Delhi University. Residential societies around the university have seen a boom in the number similar start-ups.
Pant said that his company is open to working with more operators and developers in the future to increase their presence in the segment. “We already have three thousand beds across India in our inventory and the plan is to add another 3,000 by next year. In the next year, we expect to have 20,000 beds in locations such as Manipal, Mumbai, Ahmedabad, Kota and many more,” he added. Pant also remained bearish on the residential real estate market and said he will not advice investors to invest money in it.
Registered Office: CoWrks, Level 3, Birla Centurion, Century Mill Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400030 Contact number: +91 22 6288 6100 | CIN: U74140MH2015PTC264932
CoWrks, Level 3,
Birla Centurion, Century Mill Compound,
Pandurang Budhkar Marg, Worli, Mumbai - 400030
Contact number: +91 22 6288 6100
| CIN: U74999MH2017PTC302008 |
Real Estate Regulatory Authority License no. (A51900011805)
For any grievance or disputes please contact us at the above address and phone number or send us an email to firstname.lastname@example.org. In case you are not satisfied with the response, you may contact the stock exchanges directly: (NSE) Tel: +91 22 2659 8190 / 1800 2200 58 (Toll free) or Email: email@example.com; (BSE) Tel: +91 22 2272 809 or Email: firstname.lastname@example.org.
Filing complaints on SCORES – Easy & Quick a. Register on SCORES portal b. Mandatory details for filing complaints on SCORES I. Name, PAN, Address, Mobile Number, E-mail ID c. Benefits: I. Effective communication II. Speedy redressal of the grievances
Trading and investments in Securities are subject to market risk, there is no assurance or guarantee of returns. Please read the PMS Disclosure Document, Risk Disclosure Document and Dos and Don’ts prescribed by the Exchanges and Mutual Fund Offer Documents carefully before investing
Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No need to worry about the refund either, as the money remains in the investor’s account. Prevent Unauthorized Transactions in your demat and broking account −> Update your mobile numbers/email IDs with your stock brokers and depository participants. Receive information of your transactions directly from Exchange & NSDL on your mobile/email at the end of the day..... Issued in the interest of Investors. (Ref Circular No : NSE/INSP/27346, BSE/ 20140822-30, NSDL 2014/94/97 & 2015 / 104). KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.