Settl to add 1,000 new beds in Hyderabad

11 Oct 2022 , 08:24 AM

Settl,  a co-living operator, will increase its inventory by 1,000 beds in Hyderabad as working professionals’ demand for managed rental houses rises.

The organization, which was founded in 2020, has 1,500 beds as of right now, with 900 of those in Bengaluru and 300 each in Hyderabad and Gurugram.

“With the return to the office picking up, the demand for managed rented accommodation has significantly increased. All our centers in Hyderabad are doing very well. “We will be adding 1000 more beds by the end of FY 2023,” said Settl Co-Founder Abhishek Tripathi.

The organization currently operates five co-living facilities in Hyderabad with a total of 300 beds. The centers are situated close to the tech clusters of Jubilee Hills, Gachibowli, and Madhapur. Each bed costs between Rs 9,000 and Rs 12,000 per month.

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