investment in Housr

Lodha, Godrej, Unimark plans co-living startup investment in Housr

Bengaluru News

The giant realtors have recently made an investment in the Co-living startup, Housr. However, the amount of investment is yet to be disclosed and the co-living start up is also waiting to be launched.

The real estate experts estimate this co-living space at value of $30 million.

The three investors include Abhishek Lodha, CEO of the Lodha Group; Pirojsha Godrej, executive chairman of the Godrej Group and Harsh Patodia, chairman of the Unimark Group and all the three expect the launch of this co-living space in the upcoming two months.

The Housr has already occupied more than 10,000 beds in multiple cities like Delhi NCR, Mumbai and Kota. The firm is planning business expansion in India in the next 12-18 months by making its presence felt in the cities Chandigarh, Pune, Bengaluru and Hyderabad with more than 50,000 beds.

Deepak Anand, founder, Housr said that we plan to launch approximately five properties in the next four months. In phase 1, all these properties should have 3,500 beds operational.

Hosur, a Gurugram-based firm aims to be the largest co-living company in the upcoming 12-18 months, and thus plan to launch more than 20 properties in nearly 10 major cities.

Abhishek Lodha said that Housr has all the abilities required to make its presence felt. Thus, I look forward to supporting Housr to transform the co-living industry in India.

Kalpesh Mehta, co-founder, Housr said that future of living is the modern and shared accommodation driving by a thriving shared economy that coupled with a largely young demographic. He also added that the Collaborative consumption has become a global trend, and India is no exception.