APN News

  • Friday, September, 2021| Today's Market | Current Time: 11:51:35
  • Next story:

    Housr – full stack co-living player enters Hyderabad, launches 2 new properties

    Published on September 17, 2021

    Aims to launch 12 more properties by Nov/Dec 2021 and also enter Bangalore/Chennai

    Hyderabad : Housr, India’s fastest growing co-living brand  is expanding its plans for co-living spaces, anticipating greater demand for affordable accommodation that also offers flexible terms and a sense of community and safe living. The company unveiled its 2 new properties in Hyderabad’s key Financial District (Hi Tech City and Kondapur). The company aims to expand to 10-12 properties in Hyderabad by December 2021. With the addition of these two boutique properties to its portfolio, at present, Housr has 20+ properties across NCR, Pune and Hyderabad and is aiming to aggressively launch more properties in the next 6-9 months across the country.

    Housr properties have been home to a diverse group of entrepreneurs, innovators, change-makers and those seeking extraordinary lifestyles. The properties consist of airy rooms and peace-inducing aesthetics with a small, tight-knit community of welcoming tenants and great spaces to unwind. Recognizing the need for modern living spaces that are conducive to the needs of today’s technologically-savvy professionals, the company brings all the amenities including fully furnished and managed rooms, Wi-Fi, laundry, F&B (meals), community events and access to common areas like lounge, gym, cafeteria etc, all under one roof at the most affordable prices. The rentals range from INR 12,000 to 18,000 for twin sharing and INR 22,000 to 35,000 for single occupancy. With these additions, the coliving major will offer 1500+ beds in multiple formats across studios and BHK’s ranging from 75 to 500+ beds in each property.

    Founded by Deepak Anand and Kalpesh Mehta in 2018, Housr is backed by investors Adar Poonawalla through Rising Sun Holdings, Pirojsha Godrej, Abhishek Lodha and Harsh Patodia.

    Speaking on the expansion, Deepak Anand, Co-Founder and CEO, Housr, said, “We are excited to venture into Hyderabad market. The city holds massive potential for real estate and rentals, which is being unfolded despite the ongoing pandemic. It is showing positive market sentiments and the response is encouraging for us to plan more properties in the coming months. He further added, “ The value and demand for Housr is evident in the performance of our first operating property in Gurgaon and many more that we launched despite the ongoing pandemic.  At an aggregated level we have achieved a robust average occupancy rate of 85% + which is a first in the industry. Housr has already taken steps to enhance our operational strength, technical capabilities and service delivery in a post COVID-19 landscape. We will continue to evolve our business and product offerings to cement Housr’s position as a dominant coliving player and deliver more value for our residents and business partners”

    Housr aspires to be India’s largest and fastest growing co-living brand with 30,000+ locked in beds PAN India by 2022. The company aims to expand its presence in the South India market with the launch of properties in key corporate cities such as Bangalore and Chennai in the next quarter.