Alta Capital-backed Elevate, IIT Madras in pact for 1,800-bed student housing project

Elevate Campuses, backed by Alta Capital, is partnering with IIT Madras on a Rs 400-crore student housing project. This large-scale public-private partnership will develop and operate accommodation for over 1,800 PhD scholars and staff, aiming for world-class facilities. The project, expected by 2028, highlights the growing trend of institutions outsourcing residential development to focus on core academic pursuits.