Categories: BusinessIndia

Housr enters India’s fast growing co-living market backed by real estate giants

Housr, the newest entrant in the co-living industry, announced its operations on Tuesday. Founded by two real-estate veterans, Deepak Anand and Kalpesh Mehta, Housr is a super aggregator of properties, which creates experiences, fosters communities through state-of-the-art technology-enabled co-living spaces.

Housr has received investment from marquee real estate veterans like Abhishek Lodha, MD & CEO, Lodha Group; Pirojsha Godrej, Executive Chairman, Godrej Group & Harsh Patodia, President Elect of CREDAI & Chairman, Unimark Group, at USD 30 million pre-money valuation.

Operating in stealth mode for the past six months, Housr on Tuesday announced that it has locked in 10,000+ beds across key locations such as Delhi NCR, Mumbai and Kota. Over the course of the next 18 months, the company plans to expand its India footprint with 50,000+ locked-in beds by entering markets such as Chandigarh, Pune, Bengaluru and Hyderabad.

India represents the largest potential market for co-living in the world with the highest number of millennials. This has given a sharp rise to the concept of a shared economy, owing to the shifting trends towards gaining access over ownership model. Understanding the needs of modern residents and technologically savvy professionals, Housr will offer unique mega co-living spaces that will cultivate vibrant communities by bringing people, interests and lifestyles together.

“Housr has all the ingredients required to disrupt this space through a super aggregated, and community first approach. As a developer and an investor, I look forward to supporting Housr to transform the co-living industry in India,”said Abhishek Lodha, MD & CEO, Lodha Group and an investor in Housr who is a firm believer in the concept of co-living.

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