Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 30 2019

Housr announces its entry in India's fast growing co-living market

Housr has locked in 10,000+ beds across key locations such as Delhi NCR, Mumbai and Kota.

Housr announces its entry in India's fast growing co-living market

Backed by real estate heavyweights, Housr has announced its entry in India’s fast-growing co-living market. 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.

Operating in stealth mode for the past six months, Housr 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.

Headquartered in Gurgaon, Housr’s vision is to transform the way millennials live through high-quality co-living spaces which make their lives easier, more convenient, fulfilling and memorable.

Deepak Anand, Founder & CEO, Housr, said, “Housr sits at the cusp of three emerging trends, shared economy, technology and cultural urban migration. With a historic shift in the way people live, primarily led by technology, urbanization, we recognize the need for modern living spaces that are conducive to the needs of today's technologically-savvy professionals. Housr’s strongest differentiator is its ‘mega communities model’. Each property will have 500+ residents living together. This allows for strong economies of scale and unparalleled services and community offerings that no other player in India is able to provide as of today.”

Abhishek Lodha, MD & CEO, Lodha Group and an investor in Housr, stated, “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.”

Kalpesh Mehta, Co-Founder, Housr, added, “We firmly believe that the modern shared accommodation is the future of living, driven by a thriving shared economy coupled with a largely young demographic. Collaborative consumption has become a global trend, and India is no exception. This lays a very strong foundation for Housr in the co-living market which will set a benchmark across Asia and globally through these carefully curated spaces and cutting-edge design ideas that imbibe the millennial mindset.”

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