With this expansion, the company has reached a national inventory of 22,000 beds across ten cities.
As part of its pan-India expansion plan, Stanza Living, India’s largest student housing brand, has started operations in Hyderabad, Chennai, Coimbatore, Indore, Pune, Baroda and Dehradun.
With this expansion, the company has reached a national inventory of 22,000 beds across ten cities, growing over 150x in 24 months. It has also clocked Rs 20 crore revenue in FY18-19.
Anindya Dutta, Co-Founder, Stanza Living, said, “We aim to reimagine student living for the millions of students migrating in the country, with our hassle-free, tech-enabled and service-led housing experience. Our entry into these strategic educational hubs is a step towards building a pan-India student living brand, where residents can be assured of comfort, convenience and community experience at transparent rents. We are confident of reaching a target of over one lakh beds by 2021.”
Sandeep Dalmia, Co-founder, Stanza Living, added, “Students in India expect their next place of residence to be an extension of the home. Yet they are often forced to compromise on infrastructure and service quality. Our comprehensive offering covers all daily hassles – nutritious food, unlimited laundry, WiFi, professional housekeeping, tech-enabled security, and responsive feedback mechanism – in a comfortable residence space. Additionally, our engaging personal and professional well-being programmes – Stanza Social and Stanza Springboard, help build a vibrant environment for students to live and grow together.”