Housr Co Living expands its presence in West India, launches properties in Pune

It aims to launch 4-6 more, large aggregated properties by 2022 in the city.

Nov 25, 2021 01:11 IST India Infoline News Service

Housr, India's fastest growing co-living brand is expanding its presence 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 new property in the upmarket Wakad area of the city. The company aims to expand to 6-8 more properties in the city by 2022. In addition to these boutique properties to its portfolio, at present, Housr has  20+ properties across NCR, Pune and Hyderabad and is aiming to aggressively launch more across existing and new cities like Bangalore, Chennai and Ahmedabad

The rentals range from INR 12000-17000 for twin sharing and INR 23000-30000 for single occupancy. With these additions, the coliving major will offer more than 800 beds in multiple formats in the city

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 residents 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.

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 launch our properties in Pune. With covid regulations getting eased people are joining back their offices and are also migrating to different cities for better opportunities. Pune being among preferred destinations for IT companies and tech start-ups, is showing positive market sentiments and certainly holds massive potential for real estate, co-living and rentals.”

He further added, “It is the most ideal time to venture in the city as people are looking out for safe, hygienic and affordable rental accommodations, and co-living players like Housr provide them all the amenities with a host of services. 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' '.

The company recently forayed in Hyderabad by launching its two boutique properties and as a part of its expansion plans, the co-living major will deepen its presence in the South Indian market with the launch of properties in key corporate cities such as Bangalore and Chennai in the next quarter.

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity