Startups

Co-living startup Housr aims to add over 10 cities to portfolio in 18-24 months

Read more at economictimes.indiatimes.com

Co-living platform Housr is looking to add over 10 tier I and II cities in India serving over 10,000 beds across over 50 category A boutique properties in the next 18-24 months.

Currently, the startup has 16 properties, of which 10 were added during the last few quarters of Covid pandemic. The cities where Housr has seen growth in the last 12 months are Pune and National Capital Region, the company said in a release.

“We did not stop during the lockdown and worked in full capacity to translate our strategies into the desired outcomes. The demand was tepid in the initial phase of lockdown and we did witness some exodus but it rebounded back sharply as the situation normalised and in February-March 2021 we actually had 90%+ occupancy across our properties,” said Deepak Anand, CEO, Housr.

Housr is expecting significant demand coming back in the next few months with the country’s aggressive vaccination drive and Covid-appropriate behaviour being followed specially in tier I and II cities.

Founded by Deepak Anand and Kalpesh Mehta in 2018, Housr is backed by investors Adar Poonawalla through Rising Sun Holdings, Pirojsha Godrej, Abhishek Lodha and Harsh Patodia.

Read more at economictimes.indiatimes.com

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