Housr to enter shared living space, invest up to $50 mn over 18 months
29 April 2019 6:33 PM GMT
Housr plans to spend up to $50 million in the next 18 months to expand its business across the country.The firm has already leased two residential towers in Gurugram to launch its first shared-living property in the next two weeks
- Started by real estate entrepreneurs Deepak Anand and Kalpesh Mehta, who had also founded Tribeca Developers that builds Trump Towers in India, Housr plans to spend $40-50 million over the next 18 months to expand its business across the country.
- We are leasing out existing properties on a long term basis of around nine years.
- He added that the plan is to have around 50,000 beds across the nine cities, including Noida, Mumbai, Bengaluru, Hyderabad, Chennai and Kota, in the next one year.
- A growing number of startups have been providing shared offices, as well as shared accommodation, over the last two years, capitalising on the increasing demand for such spaces.
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