Summary:

Co-living operator Housr intends to add over 1,000 beds in locations such as Bangalore, Hyderabad, Chennai, and Vizag. By 2025, they aim to have 100 properties in their portfolio. Deepak Anand, cofounder and CEO, estimates that their premium, fully equipped co-living spaces and serviced apartments will generate $11.9 million (Rs. 100 crore) in annual recurring revenue. Housr will also expand into other markets, including Mumbai and Ahmedabad.

Demand for luxury co-living spaces has skyrocketed, with occupancy rates typically exceeding 97-98% over the past year. Housr usually acquires properties with 30 to 70 rooms but is now securing larger buildings with 70 to 80 rooms. Currently operating around 5,000 beds, Housr plans to add 1,200 beds in August and September, aiming to exceed 8,000 beds by March 2025. The company is also raising funds and exploring build-to-suit (BTS) opportunities, with plans to sign 2-3 BTS properties in Pune, Mumbai, Bangalore, and possibly Chennai. Each new facility will feature around 200 rooms, reflecting strong developer interest.

Source: IBEF 

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