Housr to enter shared living space, invest up to $50 mn over 18 months

Housr to enter shared living space, invest up to $50 mn over 18 months

  • 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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