Indian student housing accommodation company, PLACIO, has recently announced that it will be spreading into international markets through the co-living sector. The company has entered a strategic partnership with Arabian Link, a managed housing company based out of Kuwait, to aid in its first overseas endeavor.
PLACIO signed this contract to manage 3000+ rooms as an O&M Partner and in Phase 1 rolling out its cutting edge technology platform, setting up staff training program, implementation of standard operating procedure, with an aim to deliver quality living spaces coupled with specialized and customized services. PLACIO and Arabian Link shall jointly expand in GCC region including Qatar, UAE, Oman and Bahrain.
Founded by Mustafa Shikora, Arabian Link is a decade old co-living/corporate housing company in Kuwait. Mustafa is astute professional with post graduate in science, having 20yrs+ experience in the Insurance, Investments, hospitality and real estate industries. The company has set the hallmark of execution in hospitality, facility management and User experience. With this initiative, Arabian Link brings its global experience in Hospitality and real estate management which significantly compliment PLACIO business. Arabian Link is among the largest co-living and managed rental company in Kuwait with Annual revenues of USD 10 Million.
According to Mustafa Shikora, “the co-living segment, an emerging sector in real estate, has the potential to grow into a $93-billion market in India. In India, the co-living sector has total untapped demand of approximately 63 million beds, out of which 30 million is from student housing. This segment suffers from huge mismatch between demand and supply. He further added that with keen interest in Indian co-living and student housing market, he could find out great synergy in PLACIO.”
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